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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (1690)10/23/2007 8:01:57 PM
From: Real Man  Read Replies (1) of 71462
 
I hope not, but the dollar could drop significantly from here
as the Fed cuts. Rates higher than in Europe and in Japan
were the only USD support. That, and it being the World #1
reserve currency. Both factors are deteriorating. The Fed
would need to destroy financial economy, their Wall Street
buddies, and put support in place for the real economy,
which is in real trouble.
Hank Paulsen would NEVER do that, Ben could do that, but
apparently so far has not been doing it. His path was
toward saving stocks and the economy at the expense of the
dollar.
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