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


To: the navigator who wrote (11532)9/21/2008 6:05:17 PM
From: zamboz  Respond to of 71442
 
The shoe fits. Agree with the link ggersh's post.



To: the navigator who wrote (11532)9/22/2008 7:40:51 AM
From: Real Man1 Recommendation  Respond to of 71442
 
These bucks will be worth something some day - look here!
The fundamental target for the dollar with what we've seen
this past week and earlier is ZERO. How to handle the mess
is a policy choice, and we made that choice. If we get
democrats in the White House and a shift of the policies,
we may need to re-evaluate. It seems unlikely the democrats
will default on 50-70 Trillion in entitlements to baby boomers,
though (required to hold off hyperinflation).

We have a few more years of buck being worth SOMETHING.
If hyperinflation hits, it won't be this year or next, but
our path is Zimbabwization, and we will see accelerated erosion
of the purchasing power of the currency. It's our industry that must
get the bailout, not the financials. They will just use
the cash to bid up everything, all that while the middle
class can't buy any more stuff as its purchasing power
evaporates. In other words, Bush's regime gone haywire
to the extreme.

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