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

To: ggersh who wrote (7731)	5/25/2008 7:23:10 AM
From: Real Man	Read Replies (2) \| Respond to of 71442

Here is a nice roll -g- Maybe the Fed will wise up - while they were bailing out irresponsible banksters and our huge derivatives Ponzi scheme, American industry is going further into the toilet due to rising costs and the inability to pass them. Rising costs in part thanks to surging bets against the dollar. GM, GE - new lows... The collapse of derivative Ponzi scheme is sure coming at some point, and the Fed has done a "great service" to this country by protecting it for so long, so that it grew into such an enormous monster. The collapse will inevitably come as this Ponzi scheme outgrows the Fed, and there will be a lot of pain for everyone. It's impossible to gradually deflate it, it needs to keep inflating exponentially until the point of eventual rapid collapse, taking a very high percentage of all global financial (and not so financial) institutions down with it. I'm not really sure what can be done at this point - the Fed is essentially locked into protecting the system from this horrible outcome, while derivatives bubble keeps growing exponentially. That's a crash course.