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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From: westpacific	5/25/2009 5:12:42 AM
	4 Recommendations Read Replies (3) of 116555

Thoughts; Obama talking down the debt (we are broke); rumors at Bilderberg they decided the dollar had to be taken down. -devalue the dollar or destroy it? No matter which one let us think. Cut it by 40 to 60 percent or destroy it and reissue a new one giving the same reduction; you have 100K they give you 50K in value of the new one. --that also means you must devalue like kind of certain assets in America; stocks cut them in half or the same percentage... Just be prepared folks; watch the right charts; buy or be ready to buy hedges like gold or other currencies if it looks like this is the outcome. And this should have already been done for a certain percent of your holdings. Does it also mean other currency will be valued up in kind; the Euro at 2.80 for instance? Not saying the rumor mill is correct but be aware this may be the game plan, revalue the dollar and cut the debt in half at the expense of savers and Treasury Holders! What a way to steal the last bastion of wealth by doing so...the plan is perfect! And that is why I have little doubt this is what they are about to do... Imagine savers are about to bail out all irresponsible and lose a big percentage of their buying power! Savers the new TARP? If they do this and there are no riots; kiss this country goodbye. West aka Got Gold

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