The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: DebtBomb who wrote (5881)	4/5/2008 9:06:35 AM
From: Real Man	Read Replies (3) of 71403

I don't think America will collapse from all this, but we definitely need to do something urgently. It depends on the path chosen. 1) A painful path will tend to fix the situation long term and erase our huge imbalances. 2) An easy path is hyperinflation, and that will destroy the country further. I'm not sure which path the Fed will choose. The middle road? The Japanese Way? Or will the congress abolish the Fed, and then set us on path (1)? So far the Fed always chose to blow bubbles, the easy path that destroyed our country. Ben is still a mystery to me. I'm not sure how to label him, and whether all the public swearing at Ben should be taken as a compliment (does that mean he is doing the right thing?) He gets beaten up right and left - he was too slow to drop the rates for some, too fast and dropped them too much, destroying the dollar in the process, for others. Does this mean he did the job just right? The current account balance must go down. This means we should have a recession, higher inflation, and a currency drop? Sir Alan was adored and cherished by everyone, remember? He is to a great degree responsible for the mess we are in.

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