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Strategies & Market Trends : The coming US dollar crisis
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From: niceguy7674/25/2009 7:19:44 PM
   of 71456
 
The hyperlink below points to a most compelling argument that the US, on March 18/09, has virtually ensured US dollar devaluation coupled with significant inflation going forward.

March 18/09 when US made public that it would purchase $300B in treasuries in the next 6 months, marks a point in history right up there in importance with the dates when taxes were imposed on the public, the date when Pres, Nixon nixed the gold standard and the date that when financial institutions became deregulated. In all cases, there could be no easy return to what was before and each paved the way for abuses down the road.

Anyone who seriously believes that current bailout decision making and decision to buy $300 billiob in long term treasuries is in the long term interests of the US needs to listen carefully to an exogenous viewpoint from this non-American economist from a country whose policies over the past 5 decades mirror those of the US as of March 18/09.

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