The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: John Vosilla who wrote (7007)	5/6/2008 1:33:30 PM
From: SouthFloridaGuy	Read Replies (1) of 71456

Ok, so if I am correct in your assessment so that I may advise the government of the correct policy prescription... The US economy requires $5 of debt for $1 GDP. Everyday more and more Americans go into a negative wealth situation. And household wealth is falling in NOMINAL $USD terms every quarter. Personal Income is declining and not keeping up with the rise in fixed costs. Banks are currently insolvent and will not lend. Conclusion: Rates should rise due to inflation.

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