Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: valueminded who wrote (97366)	5/10/2009 10:20:46 PM
From: Think4Yourself	4 Recommendations Read Replies (2) of 116555

The world is in the later stages of losing all faith in the dollar. Russia, and China, much of the middle east are actively looking for an alternative. China has cut off our credit and is selling treasuries. Now the dillweeds in DC want to borrow an extra trillion or so. From who? The interest rates will have to climb rapidly or the auctions are going to start failing real soon. Anyone with a brain will be saying "I don't want to be owning this sh$% right now because there is a ton of it being printed. China is smart. They can read the writing on the wall and are getting out of dollars. The others will follow. It's only a matter of time.

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