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 (12197)	10/2/2008 7:35:11 AM
From: TH	2 Recommendations Read Replies (2) of 71463

Vi, Simply amazing that the dollar rallies with 700 billion plus down the drain (who knows what the cost of added pork and AMT tax cuts will add). Appears this was blackmail by our foreign creditors to allow them out of toxic US paper. Now a question for you. There is much discussion and press about how bad European banks are. Is there any data anywhere than can quantify the risk to Euroland for the toxic paper AND their own housing bubble. The story being sold is that European banks have not come to the confessional, and the real meltdown is to come. Thus, Euro weakness is expected to continue. Absurd that gold is down one cent on this bailout. Why not spend 700 billion everyday if it bolsters the dollar and rains manna on the homeland. Something is terribly wrong here. GT TH

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