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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: RealMuLan who wrote (20347)	10/20/2004 1:59:20 PM
From: russwinter	Read Replies (1) of 110194

<I think the US will not crack up in a boom> I need to make sure you understand clearly what Mises means by "crack up boom", it's not "the US will crack up in a boom", it's altogether different. It's a somewhat confusing term, but it's Von Mises, and I don't care to invent a clearer one. In a crack up boom, currencies loose a great deal of value, in a massive confidence loss. The USD is the prime candidate, because I believe the Asians will tire of bending their rears over to regularly receive US pelvic thrusts via payment (for things we don't especially need) in a currency (Old Maid Cards)() that looks like this (now at 86). futures.tradingcharts.com Perhaps I could refer you to a pornographic site to further illustrate this concept, but I'm sure you get the picture. Or they may be diplomatic about their reamings, and "ask for a higher rate" as compensation? Or they if they choose to sink with the USD by pegging and intervention, then they will go down with the Titanic as well. I now see signs (posted earlier) the rats are running around on deck, we will see. I believe we are at the cusp of a major currency crisis although last gasp MoP tricks can't be totally ruled as as ineffective. Message 20664414 () Taking license with some hyperbole, I would characterize the world economic system currently as the US paying Old Maid Cards in exchange for Asian junk and future garage sale items. This is called "economic activity" by many, I call it "maladjusted activity".

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