The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (7397)	5/17/2008 3:57:14 PM
From: Real Man	Read Replies (2) of 71475

Very sad indeed. The Fed is not evil in nature - they act to prevent an immediate crisis, while contributing to a long-term problem. Americans are short term thinkers. I think the real issue here is outsourcing and globalization. Labor arbitrage. How on Earth can Americans pay for imported products if they are losing high paying jobs and even call center jobs to India and China? By going into debt... The whole scheme simply can't last. Greenspan has done a lot of damage. Right now we are simply screwed one way (inflation) or the other (debt collapse), the Fed KNOWs we are screwed, and they act to contain an immediate fire, derivative domino effect that will collapse the entire banking system, while HOPING things will improve. The USD will only improve if manufacturing comes back. Judging by Real Estate in Michigan, it's still going, not coming back. US big businesses are shooting themselves in the foot. I have to kick Shrub hard - waging wars, increasing spending, while cutting taxes. The math does not work, and that's the major issue with the dollar.

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