The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: gregor_us	11/13/2009 4:32:42 PM
	3 Recommendations Read Replies (4) of 71475

Looks like the Obama Econ Team is gonna press on the crash course pedal. After ceding the first stimulus package to Congress, which totally blew it by using the $$ to not build any productive capacity like trains, now the deficit freak out begins: google.com So, we create all this debt to bail out industries with no future: automobiles and bad banks. Then we fail to build rail or any new systems that would reduce the cost of energy inputs. And now we're gonna "reduce" spending. Good luck with that. This raises the risk of a fuller deflationary wave in 2010. Now, how that plays out in the currency and gold and silver is not as obvious many think, imo. But this is worth noting. As someone said: "The Admin is gonna pull a 1937 all over again." G

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