The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (17238)	2/3/2009 7:59:57 PM
From: Real Man	1 Recommendation Read Replies (1) of 71456

Luckily, we are far from that outcome yet, even though we came reasonably close in the first half of 2008. The dollar was diving and there was no end to it. It was getting rejected. Now, the Fed effectively drained a trillion dollars from the global economy by paying interest on reserves, causing October crash and the dollar to jump. In your conspiracy theory view, was that on purpose? (to pump the "risk free" treasuries and the dollar). Or, was the dollar- based system, the American empire, failing, and so it had to be defended? What's hyperinflation? In layman's view, it's when your money is worth something in the morning, but becomes completely worthless by the end of the day. Can't get paid for any job. Speculators and crooks prosper. The real economy does not exist since it becomes unprofitable (why did GE and GM go into banking business? <g>). Food disappears from the stores as the real economy shuts down and farmers refuse to sell produce for paper. You can make far more by buying and hoarding something than your monthly salary. Ideal atmosphere -g-

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