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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (1055)9/18/2007 9:30:28 PM
From: DebtBomb  Read Replies (1) | Respond to of 71442
 
Bernanke is trashing my savings account and my son's. The banks here will collapse as people take on more debt. It could take a while, but I'm confident it will happen.

Yeah, I could buy FXY until my institution blows, and maybe look good for a while.

Nope, not going to do that, too risky now.

Bernanke proved something to me today.



To: Tommaso who wrote (1055)9/19/2007 2:30:55 AM
From: critical_mass  Read Replies (1) | Respond to of 71442
 
FXY was down around 1% on Tuesday. I expected it to rise.



To: Tommaso who wrote (1055)9/25/2007 1:24:15 PM
From: DebtBomb  Read Replies (1) | Respond to of 71442
 
Buy yen? Pound Falls as Report on Deposit Protection Fuels Banks Concern
Sept. 25 (Bloomberg) -- The pound fell against the dollar and euro amid speculation the Bank of England's attempts to tackle the squeeze on short-term bank lending will founder, forcing it to cut interest rates.
bloomberg.com


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