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

To: Real Man who wrote (12721)	10/9/2008 4:12:54 AM
From: Don Earl	3 Recommendations Read Replies (2) \| Respond to of 71452

RE: "We are into some economic pain, but which way we go there will be determined by the use of the printing press." I think that's true of the typical "panic", which amounts to little more than media generated hype. The market and the economy ends up being an imaginary, fantasy world, where if you wish real hard, you can save Tinkerbelle's life. When people are being kicked out of their homes, personal bankruptcies are off the charts, half a million workers are filing new claims for unemployment every week, and orders for durable goods are in the toilet, Tinkerbelle is in heap big trouble. For the better part of two years, the media has been pumping sunshine up the noses of we the people, telling everyone things are just dandy. The media and the markets are so heavily manipulated it's possible to get away with the various scams most days. Somewhere along the line, however, people start asking, "Gee, if things are so great, why am I eating at the mission and living in a cardboard box?". People living in cardboard boxes don't buy cars, computers, or new TVs. They certainly don't invest in mutual funds for their retirement accounts. Eventually, they find those who used to sell them such things living in the cardboard box nextdoor. You can bet your last buck they used up every last speck of credit and savings they could get hold of before venturing into the world of corrugated paper housing. If there's a way to change that by handing a few trillion dollars over to rich bankers, then putting a cheery slant on everything in the evening news, I don't see it.