The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: TH who wrote (3858)	2/4/2008 2:31:35 PM
From: the navigator	Read Replies (1) of 71463

I think the CB monkeys have their line, and they will all do what is needed to provide support. It is difficult to play against those with no rules and unlimited resources. There are two examples of financial collapse in recent history (probably more, but they are the ones that I look to), the German and the Argentinian. The German inflation was successful until the people lost confidence in the money. That took awhile. The people kept trying to swim upstream until they realized that they were losing ground, no matter how hard they tried. In Argentina, the people woke up one day and the banks were closed. The devaluation of the money began immediately. I'm no economist, but this is the information I've gathered from reading about both events. I think we'll follow the German model. If we do, then the banks can keep printing worthless money as long as the world accepts it. There is no limit until the confidence is lost. This means they can bail out everyone all the time, i.e., the banks, the bond insurers, wall street. No limits. Until it's over.

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