The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: RJA_ who wrote (20977)	6/26/2009 1:47:06 AM
From: Real Man	1 Recommendation Read Replies (2) of 71456

A simple answer - it will be very inflationary. There is no way Bernanke can or will drain. The most probable scenario is bankruptcy of the country, IMHO. A la Argentina. Rates will keep rising until there is a default or the Fed will keep the government from defaulting by printing and then we'll have the kind of inflation this country has never seen in the past. By the way, it's not in the future any more. It is here. The country is bankrupt, which is why Ben has no choice but print, and then he talks it down, cause he knows if he does not, a serious currency crisis will commence. They will play the confidence card until all confidence is lost. I am inclined to believe that there will be serious inflation as opposed to default, and that all the government debt that can no longer be serviced will be monetized, but that view may have to be revised as we go along -g- The fallout from rising T-rates will damage the economy, so Argentina-type situation will come first anyhow.

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