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Strategies & Market Trends : The coming US dollar crisis
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To: Skeeter Bug who wrote (21330)7/14/2009 8:21:39 AM
From: Real Man1 Recommendation  Read Replies (1) of 71456
 
Yeah, it's pretty long, and his point is that pending Zimbabwian
level printing outstanding debt hole will swallow the economy -
err - Ben tripling the base don't matter cause banks won't
lend it and it will sit idle. I think he is wrong. It will
matter. It will trigger the currency crisis avalanche and
bankruptcy of the country. But we'll see. <G>

We have tons of examples of screwed up countries under
fiat system, and they all ended like.... Argentina.
US is just "too big to fail". But, as we have seen in
2008, eventually that does not work and things blow up
in a spectacular fashion, namely

1) Dollar crash
2) Government bond crash
3) Financial system meltdown - err - it will cease to exist
as banks topple over each other in a derivative domino effect.
4) stock market crash
5) Soaring price of food and energy.
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