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Strategies & Market Trends : The coming US dollar crisis
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To: dybdahl who wrote (3931)2/6/2008 9:27:02 AM
From: Real Man  Read Replies (2) of 71406
 
AG blew bubbles and bailed out bubble participants for 20
years under different politicians. In the meantime, US
manufacturing collapsed, and US became a Ponzi economy, since
it was a lot easier and much more profitable to get money for
nothing than to actually produce stuff. Now we've got a
currency crisis situation, and virtually no manufacturing
to power the country out of the crisis. Who else to blame?
It will take TIME, and YES, I am bullish on US manufacturing.
I hope I am right about Ben. It is up to him. He can choose
the path of total destruction (hyperinflation). In such a
situation speculators continue to prosper, while the real
economy experiences a total collapse. Wall Street gets all
the money. Eventually, that money is worthless, because
the country does not produce anything. So far Ben is NOT
printing at all since May. If he starts massive monetization
of blown up debt, the country is a goner.
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