Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Pogeu Mahone who wrote (13348)	10/22/2008 11:44:06 PM
From: SARMAN	Read Replies (1) \| Respond to of 71456

Housing bubbles in Canada, Spain, Ireland,China Dubai, etc Why blame the US for all of it? All of these countries are in worse shape then us. Huh? I am not sure that those countries are in worse shape. Actually those countries have a housing slow down due to credit crunch that was caused but the US' bankers greed. Those countries that you talk about ranked in the top 20 of the soundest bank system in the world while the US ranked 40 after Namibia. reuters.com

To: Pogeu Mahone who wrote (13348)	10/23/2008 4:42:56 AM
From: Mike Johnston	2 Recommendations Read Replies (2) \| Respond to of 71456

Note that the dollar is soaring like a rocket tonight.... All around the world the toxic waste exported by NY bankers is destroying the balance sheet of foreign banks In aggregate, Wall Street has come out of this relatively unscathed up till now ( JPM, GS, BAC are the best performing stocks in the market, JPM for example is the only stock in the market that did not crash ), they took advantage of asymmetric information and dumped worthless paper on naive buyers. Then they took billions from taxpayers and the Fed and stashed away the loot, while everybody else is sinking and many have been wiped out or are in the process of being wiped out. But the US will pay the price for this eventually. I bet that nobody is going to buy any Wall Street paper for many, many years to come.