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

To: LTK007 who wrote (7382)	5/17/2008 5:46:39 AM
From: Real Man	Read Replies (2) \| Respond to of 71463

Our Manic episode resembles most the John Law/Mississippi company bubble episode in France described by Charles Mackay in "Extraordinary Popular Delusions and the Madness of Crowds". Of course, John Law is considered the "father of finance" -g- Derivatives is the new twist. If history is a guide, eventually this type of govenment and Wall Street collusion will lead to a complete fiat currency collapse, along with all associated manias in shares and debt. econlib.org For now it appears the Federal reserve (the Mississippi company, in that analogy) has stopped derivative market meltdown by injecting liquidity, which, in turn, brought down volatility. Be careful on the downside of the bubble - it may still be inflating! Chapter 1 is fun, but looong ... reading. The "reserve currency" is a historic bubble scheme.