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

To: dybdahl who wrote (12194)	10/2/2008 5:40:44 AM
From: Real Man	5 Recommendations Read Replies (1) \| Respond to of 71474

Yes, it was Greenspan., the architect of the housing bubble to bail out the collapsing stock market bubble. A really bright idea. usatoday.com

To: dybdahl who wrote (12194)	10/2/2008 5:56:49 AM
From: Real Man	6 Recommendations Read Replies (3) \| Respond to of 71474

Read the Von Mises quote in the head. NOW given the policies, US is going to hyperinflate, as the transfer of wealth from the people of the Republic to the banks becomes comlete. Is it better than 1929? Japan 1990-s? No. It is much worse. There will be NO real economy, so we'll all be Trillionairs. WooHoo!!! "The alternative is only whether the crisis should come sooner as a result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." The injection of capital into the system is needed, but the point of injection is wrong. US needs to inject capital into the REAL ECONOMY, not the banking system (to provide more credit). US can't handle more credit. The people are bankrupt. The bill won't unbankrupt people. Instead, it will cause banks, who can't lend to anyone because everyone is broke, to seek alternative returns for that capital, which will amount to ... bidding up everything in price.