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To: Giordano Bruno who wrote (344906)10/4/2007 9:01:04 AM
From: Real Man  Read Replies (1) | Respond to of 436258
 
Some time soon the confidence in monetary authorities will
plummet and we'll see unstoppable dollar slide. CPI lies is
one symptom. M3 canned is another symptom. Fed speeches
as inflation protector, then a 50 bp. cut is yet another
symptom. Symptoms
accumulate, then BANG! Nobody wants treasury paper or the
dollar. Fed will have to print for the government to keep
functioning. Hyperinflation will start. For now, as the
Fed cuts (and others don't), this will put some selling
pressure on the dollar. Inflation is running high, they are
just not reporting it. -g-