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Strategies & Market Trends : The coming US dollar crisis
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To: KatayamaGorobei who wrote (26712)1/29/2010 6:43:57 PM
From: Skeeter Bug  Read Replies (1) of 71475
 
K, the problem being the recovery is fueled by $1.8 trillion in annual deficits, foreigners are only lending $200 billion a year and the federal reserve private bank says they will stop printing money at the end of march.

we will hit a breaking point - and we are getting close. something has to give.

if they stop printing at the end of march then retirement accounts will be forced into treasuries (pure, 100% theft, btw - the government will have to increase taxes to pay the coupon) interest rates skyrocket, the economy loses $1 trillion annually and wow... that's ugly, isn't it?

if they continue to print $1.8 trillion/yr as a matter of ongoing QE policy, the count down to a dollar run will commence. That means hyperinflation, bank runs, closed banks, retirement account confiscation... that ain't pretty.

charts are very good - but understand the context of the chart.

i do hope we get a bounce. this market looks absolutely *awful* - down over 6% in 8 trading days...
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