The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: SouthFloridaGuy who wrote (6797)	5/3/2008 4:42:59 PM
From: Real Man	Read Replies (1) of 71445

The crucial difference is the current account deficit. If everyone is indebted including the government, who owns our debt? We are facing collapsing debt, falling currency, and soaring inflation - and, eventually, soaring interest rates. As bad as it gets. Does not seem you win when you owe a huge mortgage payment, can't make ends meet, and essentials soar in price on you? What about your house when interest rates rise? This is the worst of all worlds. It's Argentina crisis, a payment for Fed blowing bubbles for so long, they completely distorted the economy, making it not self-sufficient.

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