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Politics : Sioux Nation

DJT 11.46

+5.1%

Feb 6 9:30 AM EST

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To: cirrus who wrote (167392)	5/12/2009 9:28:46 PM
From: koan	Read Replies (1) of 362870

>> A ten trillion dollar accumulated deficit with likely future inflation will do that to a currency... the only way to cut that deficit in relative terms is to inflate the dollar. The fed can't do a Volker to curb inflation this time because as interest rates rise so do interest payments on that debt... and interest is a humongous number now. Obama will rank with Lincoln if he manages to restart the economy, manage the debt and keep inflation to single digits.<< The one big variable is that FDR did not have to start the Keynsian stimulous concept with a ten trillion deficit. I have posted part of this and so some is a duplicate but the dollar just hit 81!!! The Chinese must be going bat shit. The dollar has really been falling hard and the metals have been smoking. Last thursday the long bond got crushed and then on Friday the dollar fell almost 2%. And the dollar is still falling. The dolar fell through support at 84 and then trought he 200 MA on Friday and consolidated yesterday and then started falling again today and jsut hit 81!! My theory is that they will devalue the dollar about 40% (most countries devalued their currencies in the great depression-FDR devalued 46%. For the 40% I am starting at 88. See kitco below and click on the top left tab and then scroll down and look to the left where you can see the dollar is now about 81+: www.kitco.com I am only guessing the 40% based on what they did during the GD and figuring that may be a model for today????

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