2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 453.99

-0.1%

4:00 PM EST

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To: TobagoJack who wrote (41751)	10/24/2008 3:35:26 AM
From: Haim R. Branisteanu	3 Recommendations Read Replies (3) of 220024

do not believe this one, even one bit >>> It also reflects the dramatic decline in the US current account deficit that is coming as American consumers turn from spenders to savers.<<< The US is so much in debt that nothing except a substantial devaluation of the USD v everything else including savings will enable to pay of debts Unemployment will rise to 9 or 10% by summer due to the high USD and world wide recession - US debt is over 10 trillion plus 3 to 4 trillion in mortgages of Fanny and Freddy totaling 110% to 115% of GDP not in recession add to that other bailouts etc, and even a 50% reduction on trade deficit - how in heaven will the US pay down the debt in the foreseeable future at present USD levels and diminished exports ALL this USD rally is complete hysteria IMHO and hurts the US economy very badly

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