The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: RockyBalboa who wrote (516)	7/23/2007 4:42:06 PM
From: Real Man	Read Replies (1) of 71455

No, they don't. They own our mortgage debt set up through offshore companies, which will go bankrupt in case these loans go bad. The banks then will "collect" the foreclosed properties, foreigners will get nothing, trying to collect from offshore bankrupt shells that say "sorry, that's it folks" like Bear Sterns funds did. -g- Iceland case is a lot more strange than the US, and its currency 123% overvalued relative to USD. Perhaps, old rules don't apply nowadays, we just live in a New Era. -g- economist.com "Perhaps the globalisation of financial markets has had a perverse effect. The markets are no longer populated by vigilantes but by 1960s hippies with a “make loans, not war” philosophy."

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