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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: sylvester80 who wrote (34053)9/21/2008 10:54:23 PM
From: Bread Upon The Water  Respond to of 149317
 
I am only going by what I read in the press and that is:

1. The major problem is that credit has seized up system wide.

2. The only way to attack this is a system wide bail out.

Please don't forget, unlike you, me, or another business which have to go out and earn the money the government can just print some more---

The consequences of which are (in simplistic terms)

1. Other currencies will rise against the dollar (action to take buy the currencies--see Everbank online--or the stock indexes of those countries whose currencies will rise)

2. The price of all hard assets and good will rise (action to take buy futures on commodities or ETF's that deal in commodities)

3. The price of domestic goods will decrease vs. imports (Action to take: Buy the stock of companies whose goods will be substituted for imports)

Who else can add to this list.