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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (175966)6/27/2002 6:54:44 PM
From: Tom Smith  Read Replies (2) of 436258
 
very short term, completely plausible....remember that when Argentina's currency fell on it's sword the Merval doubled.....imploding wealth chasing an inflatable asset. the real question is whether or not the dollar has bottomed....I think not. If not I expect the rallies and the declines to become more....violent, culminating with a currency crisis: a loss of confidence/trust in our corporate and national governance by our CREDITORS. This crisis will, of course, be denied by the banksters to be a "currency crisis", per se, but rather spun as poor business decisions that resulted in massive one-sided derivative defaults (that were predicated on a strong and strengthening dollar policy). The declining dollar is telling us the world doesn't want any more of our fiat....bankster solution: print up a hundred billion more a week. Well, go ahead...and watch that fiat find hard, undervalued and inflatable assets.

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