The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ayn rand who wrote (24327)	11/16/2009 4:05:52 PM
From: Real Man	1 Recommendation Read Replies (1) of 71456

Big money. This is more than global stocks were worth in the end of 2008, and more than they added in market cap. "On Friday, as I pulled together thoughts for my syndicated column, I pinged Scott Reamer to ask him a question. He informed me global central banks and government agencies have thrown upwards of $30 trillion dollars at the crisis through direct lending and indirect backstops, with roughly 65% of that coming from stateside sources. That begged the natural question: is the needle pointing towards hyperinflation? "Not necessarily," he said, "If they were creating currency, that would clearly be the most probable path and I would be long any physical asset I could get my hands on. But since they're creating credit, it's a whole different analysis regarding how other countries are likely to respond." " minyanville.com My comment: but they ARE creating currency.

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