The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (28224)	4/28/2010 5:09:25 AM
From: axial	2 Recommendations Read Replies (3) of 71452

gg, welcome to the new normal. Countries with debt problems have been known for years, but now, it's an "issue" - unless of course we're talking about US debt. We'll see a parade of crises complete with media hype and manufactured angst, in which USD bobs up and down like a cork as international players rush in and out of a flight to safety. Commodity prices will move inversely to USD, the reserve currency for which there is no replacement. Discredited ratings agencies will assist in this game, suddenly discovering "new" problems (visible for years) and lowering ratings. These lower ratings will be issued, of course, by US agencies. Players who are party to the process will realize immense derivative profits, just as in sub-prime. This will have the desirable effect of temporarily arresting USD decline. Since several new crises are waiting in the wings we can expect more of the same. Depending on the degree of cynicism, one can view this succession of unfolding dramas as "natural" economics at work, or something more synthetic and corrupt. Either way, it's as predictable as the profiteers. Jim

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