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Strategies & Market Trends : The coming US dollar crisis
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To: stan_hughes who wrote (5534)3/26/2008 2:10:45 PM
From: Real Man  Read Replies (1) of 71403
 
Not really. It's a wild card, but POG will continue
skyrocketing in this Fed low rates/bailout climate, which
so far is converging to a large scale debt monetization. If the
buck crumbles to 40 under all this (definitely a possibility,
with "sticky" current account deficit), folks will seek safety in
something other than the treasuries. Only a destruction of the
Ponzi economy will promote manufacturing, and there is a lot
of destruction still ahead, I'm afraid. The other side of
the mess is saving the Ponzi economy through monetization.
Gold will be going far above 10K then, but the clownbuck won't
be worth much at all. -g-
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