The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (12172)	10/1/2008 6:20:23 PM
From: Real Man	4 Recommendations Read Replies (1) of 71472

Conclusion: Since the creation of the Federal Reserve the United States has enjoyed periodic bubbles induced by easy money, followed by devastating busts, while the wealth of the Republic got gradually transferred to WS (Fed) banks who are doing nothing productive whatsoever and are parasites on the real economy. We are about to give them 700 billion more now, free, bankrupting the American people even more. In the next 5 years we'll see a nadir of the economic crisis (of the Fed's design), at which time the DOW will get equal in price to 1 Oz of gold :( Either the DOW falls to 3000 and gold goes to 3K (not very likely) Or gold goes to 10K (more likely) Or both go to 10,000,000,000 (also very likely :( ) The real solution is to let the financial sphere contract drastically and/or abolish the Fed, who bears the ultimate responsibility for this mess and for rewarding irresponsible financial behavior repeatedly.

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