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

To: Robin Plunder who wrote (13705)	10/29/2008 8:53:00 AM
From: Real Man	1 Recommendation Respond to of 71456

Yes, and that's right, cause the impact of the downturn can be softened by some printing, that's what the Fed is really about. However... they blew it long time ago, they should NOT have done what they did, and they are pretty much irrelevant at this point - we'll have a currency crisis. The real impact of the Fed's decisions in the past is distorted US economy. We have been speculating instead of producing goods, we import goods from abroad with proceeds of that financial speculation. It will take a long time to repair the damage to the economy, whichever way they choose to proceed, and if they continue to fix and reward the speculators (banks) instead of encouraging and helping domestic manufacturing sector (that requires a stable currency!), we are going to see the dollar collapsing to zero.