The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Skeeter Bug who wrote (21366)	7/15/2009 9:29:17 PM
From: axial	1 Recommendation Read Replies (3) of 71445

Economics is political. Politics is economics. It's not a question of who can do it better because everybody's record stinks. You say the Fed is the best choice to run itself? Fine. Then you get the Bernankes and the Greenspans, and welcome to them. Should we give the power to politicians, who have spent and borrowed a nation into the poorhouse? Maybe you'd like to give it to the collegial thinking in the financial community, whose misallocation of trillions has diverted badly-needed capital away from constructive use, for a bet on red. And when they lose that bet, the whole Groupthink consortium - government, the banks and the Fed - cover those bets with your money. Then they take that money, and instead of giving it to you in the form of credit - they bet it on red again. They don' need no stinkin' Yen carry trade any more: they made their own. With your money and their interest rates. One group would be better than another? Please tell us: which one? Which one is doing the right thing, and has a record of prudence and success in guarding the public interest? Jim

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