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

To: Gary Mohilner who wrote (6631)	4/28/2008 2:55:45 AM
From: Rolla Coasta	Respond to of 71447

How accurate is this ? youtube.com

To: Gary Mohilner who wrote (6631)	4/28/2008 3:43:13 AM
From: Real Man	Respond to of 71447

Iraq was not about Bin Laden or Saddam, it was about cheap oil. Even Greenspan wrote about that in his book. However, obviously, Bush failed at that too. In order to get out of dot-com mania bust, taxes were lowered, while spending increased. All that was financed with new debt, and the economy started chugging along on housing bubble. This will run the currency into the grave, but, Bush hoped, not on his term. War in Iraq was bullish for the US economy, since it increased (government) spending. Similarly, the end of the war may prove to be devastating for the economy. Debts have to be paid at some point. Now derivative Ponzi scheme is backstopped by the Fed. We'll see if it works, causing something that exceeds Tulip mania. However, when it inevitably collapses, the US economy will be wiped out.

To: Gary Mohilner who wrote (6631)	4/28/2008 4:04:46 AM
From: Real Man	Read Replies (2) \| Respond to of 71447

In other words, SOMEONE has to think about our children, and, actually, running a LONG-TERM stable economy, instead of short-term tulip mania patches, even if it causes pain today. This has become totally unacceptable, since the accumulated structural imbalances are too great for the re-balancing act to cause an ordinary recession. A collapse of derivatives at this point will bring severe depression NOW, exactly why the Fed bailed out Bear. Their conclusion? Tulip mania must be perpetuated at any cost and backstopped by the Fed and the government. That will somehow cure the situation. Ah, the logic... John Law tried that in the past. -g- What type of crisis shall we have, eventually? One that brings down the Fed and the government, and, by extension, the currency. Joe 6P American does not have a portfolio of derivatives, has no savings, is upside down on his mortgage. The moment of truth has arrived, and the Fed simply can't push more debt into the system, derivatives or not. They try - and commodities rock, causing more pain. Why do they rock? Cause the new debt at low rates cannot be pushed to J6P, so the financial sphere speculates on commodities instead.