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Strategies & Market Trends : The coming US dollar crisis

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To: DebtBomb who wrote (22891)9/23/2009 10:18:48 AM
From: Real Man1 Recommendation  Read Replies (1) of 71456
 
No, Faber is talking about hyperinflation because the Fed
won't risk collapse and will print that 60 Trillion dollars.
I tend to agree, so far the Fed has been very proactive in
preserving the current financial system, not letting derivative
markets collapse. The same is true for other CBs - the Ponzi
scheme is global. The problem with all Ponzi schemes, of course,
is that if they don't collapse, they tend to grow
very rapidly, as they did for the past 10 years.
So, the Fed will have to print very rapidly
in order to prevent the collapse of the shadow banking system.

Faber does see a market correction coming soon, perhaps,
October.
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