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Strategies & Market Trends : The coming US dollar crisis
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To: axial who wrote (19634)4/12/2009 7:16:04 AM
From: Real Man5 Recommendations  Read Replies (1) of 71454
 
So far we did not like who was appointed to run the show
in the new Administration, and we don't like the "reforms"
implemented so far. In a nutshell, the same democratic crowd
that got us into this mess can't get us out of it. The WS
ties to the government are still strong, which pretty much
ensures very inflationary outcome. Bernanke will keep the
spigots wide open until unemployment numbers improve, too
late. What he has done already ensures substantial destruction
of the purchasing power of our currency.

Reforms cannot proceed without pain - we have financial
economy, with 40% of GDP running off Ponzi schemes. This
means much of employment is in Ponzi areas. Simply put,
folks in Ponzi areas need to get layed off and find
a job in production areas, which would be the "red" pill.
US economy needs some "shock therapy" the IMF often prescribed
to developing countries. What have we done so far? We bailed
out Ponzi areas and bankrupted the real economy.
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