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Strategies & Market Trends : The coming US dollar crisis
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To: axial who wrote (15975)1/2/2009 5:40:04 PM
From: carranza22 Recommendations  Read Replies (1) of 71463
 
As I wrote Elroy, the unfortunate thing is that even if we had not had the credit bubble burst, we were about to face a fiscal crisis which the bailouts have only exacerbated severely.

You are right, we'll see.

These are IMO the most difficult challenges we have faced since the Revolution and the Civil War. Unfortunately, they present themselves slowly so that it is difficult for most to recognize how dire the consequences of not meeting them head-on truly are. The social, political and cultural ramifications for the next couple of decades of the bizarre circus of unaffordable consumption we have engaged in the last few years are really astonishing.
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