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

To: ggersh who wrote (11653)	9/23/2008 2:15:45 PM
From: Real Man	Read Replies (1) \| Respond to of 71407

Well, the fact that 0% financing (or ANY financing for some, for that matter) is simply not available anymore pushed housing down even more than it would drop otherwise. In some areas housing is still affordable and has not been too bubbly, but it dropped nevertheless. The credit bubble has popped.

To: ggersh who wrote (11653)	9/23/2008 2:54:13 PM
From: LTK007	1 Recommendation Read Replies (2) \| Respond to of 71407

His reply would be " It's about housing, it MUST be fixed" " That's seems to be his Wizard's "Alakazaam!" ______________________________________________________ "Max you cant possibly believe that...." gg i am ONLY analyzing what i see as an incredible disaster ---i repeat an incredible disaster. i have stated several times, as a minority of ONE, perhaps:), that there is NO solution. People have this belief no matter how BAD the screw up, it is fixable, they will never say this is now a classic FUBAR!. "F---ed Up Beyond Repair" i , gg, will point blank say this situation is FUBAR. If housing continues down, we are sunk that i believe or if housing is somehow inflated again, we are also sunk. Completely contrary to Paulson i believe we are in the cemented status of FUBAR. Paulson says sink or swim. But i say we sink or sink,we ain't going to swim for a VERY VERY long time. Do i believe that??????????????? Yes, i do gg. Minority of one, maybe, but i believe the TRUTH is all are running about now saying we can solve this way we can solve that way or whatever way, but we can fix, but they are failing to realize not only a horse has escaped the barn,as reality is many horses have fled the barn. In my mind's eye i am seeing a blinking red lighted sign reading "It's Too Late" i can go back to a thousand posts over the years i have written about the danger of what a "Too Late" sign means but we are heading that way "unles unless". Well i have used up all my unlesses , i got no more unlesses. i am going to dig up a post by Richard Russell writing that Greenspan had led us into a trap where one is damned slowly or immediately. What i see now is Mickey Mouse in Fantasia and buckets of water , endless buckets of water. So it goes.Max

To: ggersh who wrote (11653)	9/23/2008 3:05:37 PM
From: LTK007	2 Recommendations Respond to of 71407

Richard Russell and Greenspan <<From: GONE1001 10/12/2007 10:47:17 PM of 2584 RICHARD RUSSELL savages Greenspan. <<To: 1929 crash who wrote (87629) 10/12/2007 5:19:34 PM From: orkrious 3 Recommendations of 87641 From RUSSELL tonight: ww2.dowtheoryletters.com "I finished the Greenspan book. In closing I want to say a few words about past Fed chief Alan Greenspan. I firmly believe that history will see this little egotistical pip-squeak as one of the premier disasters in US history. In my opinion, Greenspan is the ultimate "Mr. Inflation." Greenspan almost single-handedly set the world on the high-liquidity, super-inflation path, all the while saying or thinking that the Fed was acting "as if" the dollar was backed by gold. What's so disgusting is that Greenspan traded all his earlier ideals for power and ego. Greenspan never did anything that required real courage. Greenspan was the total political animal. His legacy will decline as the years go by. The saddest thing is that Greenspn leaves poor new Fed Chief Bernanke in an untenable situation. In a US so dependent on high inflation and massive liquidity, Bernanke has no choice but to "inflate or die." In a normal situation, the US could take a recession and take the correction. Not now -- with the US depending so heavily on inflation and massive liquidity, any substantial contraction in the money supply would bring the US economy to its knees." Richard Russell>> So inflate, and die slowly, or deflate and collapse. Whatever, we're screwed----we are in a disaster movie. Max