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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%4:00 PM EST
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To: KyrosL who wrote (30873)3/13/2008 6:26:36 PM
From: carranza2  Read Replies (2) of 217544
 
There were noises about having the FHA buy up all the subprime mortgages in the market.

Something like that will eventually happen if things get dire enough. You heard the noises because you were supposed to; a trial balloon, in other words, to get everyone used to the idea that it is an OK thing to do.

Such a move will tank the dollar and Treasuries, send gold, the Yen and the Swissie into orbit and put the US on the road to parity with Argentina.

Of course the rest of the world will suffer, too.

It will incite vicious competition for natural resources, including bare-knuckle fights perhaps involving threats of military action.

The world needs to come to the dollar's rescue, not out of charity but out of self-interest. The Fed cannot do it and the rest of our government is too incompetent.
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