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 (29916)	8/28/2010 8:06:30 AM
From: Real Man	Read Replies (1) of 71479

Well... Some deals of 2008 with the Fed/Treasury were quite suspicious, to say the least. Ben was working closely with Hank, who was a tool. WS always was borderline criminal, as greed changes people... The MBS purchases were not all they handled. There were also a bunch of guarantees on blown up derivatives done by the treasury. Fed was unwinding AIG and other sinkholes. North of 20 Trillion, if my memory does not fail. However, that is our country's debt. Not a 20 Trillion addition, but some. Stuff that blew up. My guess would be hundreds of billions, commensurate with the bailout "package" Once again, I'd like to be a fly on the wall... I don't have a clue how much printing is actually happening under cover to monetize everything that blew up. Some of that stuff got transferred to our country's debt, as Skeet correctly noted, some was monetized. -NG- The Fed will do what they can get away with? You can call it criminal, but they will get away with it. They sure DID get away with a lot... Quite disturbing, yes.

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