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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: maxncompany who wrote (100604)8/10/2009 3:00:09 PM
From: Amark$p1 Recommendation  Read Replies (2) of 116555
 
FDR declared bank holiday and devalued the US$ 40% during the Great Depression. It has been done before.

Puplava, Harry Schultz, and Bob Chapman have all commented that such a bank holiday/US$ devaluation is possible in next few months.

Would likely do wonders for US real estate, and thus banks holding excess REO properties.
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