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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (39792)	8/25/2005 7:06:59 PM
From: loantech	Respond to of 110194

if not most of the holders of Eurodollars will bail out of those instruments, causing a massive rate spike. All the junk, MBS, ABS will rate spike and much will default. Confidence in the US and it's currency will be shattered. Tax receipts to pay government debt will collapse. If the Fed tries to monetize it to cover their tracks, then it will get worse.>>>>>>>>>>>>>>> Got gold? Paul Volcker comes out of retirement and declares, "no more money printing.", then at least the USD complete rout and hyperinflation could be averted>>>>>>>>> I better sell gold. <g> I think we print it away. Not going to let everyone default and not pay. Think of all those IO loans. <g>