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 (50457)	3/19/2013 2:21:50 PM
From: maceng2	Read Replies (1) of 71475

The armed forces will be OK. You are right about it making no sense. Lots of people are thinking the same thing. From the Independent news link. Former UK chancellor Alistair Darling told the BBC Radio 4 Today programme that the plans involve “everything you shouldn't do when you are trying to solve a problem like this”. He said: “They have actually now said to people 'We will come after your deposits, no matter how small your savings are' and that seems to me to make it more likely that, if you are a saver in Spain or in Italy, for example, and you have just the sniff of the EU or the IMF coming your way, you will take your money out and you will get a run on the bank.” Tristan Cooper, fixed income sovereign credit analyst at Fidelity Worldwide Investment, said confidence in the security of bank deposits in Cyprus could have been “fatally undermined”.

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