The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (20149)	5/4/2009 2:28:51 AM
From: axial	1 Recommendation of 71405

The real question is, "Does monetary policy work?" The subset is "Will Bernanke's plan work?", discussed here: Message 25386515 There are two components to the current US (and therefore global) dilemma: [1] Short term, crash avoidance policies, and winding them down. [2] Long-term, economic "health" and debt: those were critical problems, even before this crisis. The XE link is just one reporter's view of US monetary policy. Is it accurate? frbsf.org --- Even now, they're arguing about '29. The reality: 80 years later, they still don't know. frbsf.org --- Are there other weak economies and currencies? Yes. Could there be a run on the Pound? Yes. Yen? Yes. Deutsche Mark? Yes. USD? Yes. Which economy is strong? Which one is healthy? Which one is not in deficit? --- The immediate financial crisis appears to be passing. If it does pass, then crash avoidance techniques have worked. US crisis policy was the keystone of a global effort: "Nobody moves, nobody gets hurt." Other economic factors will be adjusted over a longer period. That's always the way. Buy time. Distribute the cost fractionally: voxeu.org Who will bear the cost of economic failure including debt? Taxpayers. Always. That's the lesson of history. Will the US crash? I doubt it. Will it slowly deflate? Probably. For the rest of the world, that's preferable to a crash. In 100 years, they'll still be arguing. Nobody knows. No matter what they say. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next