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Strategies & Market Trends : The coming US dollar crisis
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To: DebtBomb who wrote (22891)9/23/2009 9:31:29 AM
From: RockyBalboa  Read Replies (2) of 71456
 
How can the Fed go bankrupt? All they need is to enlarge their balance sheet, the fed has virtually unlimited printing power.

In fact, every commercial bank could do the same if no capitalisation rules were in place.

What it would do the the dollar is a different question. What the various holders of US debt think, again a different thing. But at one point a conversion of debt will take place, like selling land to the creditors in exchange for the note. The US could esily sell 15 to 20% of its land to china and reduce debt by doing so.
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