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

To: Box-By-The-Riviera™ who wrote (9779)7/31/2008 10:47:18 PM
From: Real Man  Read Replies (3) | Respond to of 71456
 
A few countries got wiped out in 97-98 via currency runs,
but they all ran to hide in USD. The policy of wiping out
other countries through SP and Moody's sovereign downgrades, so
that they accumulate USD reserves, was quite successful in the
90-s. Now things look quite different - we, not other
countries, are overdue for a big mess, we are dependent
on their financing, and we are now uttering the very
same noises those other countries did before they got wiped
out. -g-



To: Box-By-The-Riviera™ who wrote (9779)8/1/2008 12:02:53 AM
From: Real Man  Read Replies (1) | Respond to of 71456
 
The case for PMs is a secular cycle, of course, not systemic
failure. It just happens to usually end with the DOW/gold
ratio of about 1 or below. Technically they can have their
deflation, but then the DOW will have to revisit 1K -ggg-


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