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

To: DebtBomb who wrote (5426)	3/24/2008 11:05:31 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 71409

Well, then I will go on holidays to the U.S. perhaps Euroland splits up into a core Eurozone and a fringe.

To: DebtBomb who wrote (5426)	3/24/2008 11:23:00 AM
From: stan_hughes	Read Replies (1) \| Respond to of 71409

Not really a fair question, Dale -- you can't look at the USD as if it existed in a vacuum where it has no effect on anybody else. So a financially catastrophic event that, all other things unaffected, might warrant a 10 cent dollar against the Euro can't really happen, because that same catastrophe will take the Euro and the Pound with it since the banks in those sister systems proportionally hold just as much of the toxic paper as the US banks do, maybe even more Most suspect that the Japanese and the Chinese have a lot of this garbage in their stashes too -- one difference being however that the cultural norms and the legal systems there are such that Japan and China have elected to not go around telling everybody about it. For Japan, hiding bank losses has been their MO since 1990, and in China, nobody at the PRC tells the truth anyway, especially where it might make them look bad