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Strategies & Market Trends : The coming US dollar crisis
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To: DebtBomb who wrote (27388)3/12/2010 12:26:53 PM
From: Real Man  Read Replies (3) of 71456
 
Inflation/deflation debate is pure nonsense, IMHO, because
flations depend crucially on monetary policy and the policy
of printing money in particular. The latter cannot
be known in advance. I share Jesse's view on that.

That said, US government insolvency and US current
account deficit were known in advance.

What gives?

I think both camps are exaggerating, but, most definitely,
the crisis is unfolding via a combination of devaluation
and default. The exact proportion simply cannot be predicted.
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