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: Real Man who wrote (14679)	11/19/2008 1:20:35 AM
From: Don Earl	5 Recommendations Read Replies (3) \| Respond to of 71456

RE: "I am hoping for Volcker as T-secretary now." Volcker makes me nervous as a hooker in a house of prayer. His scam in the 80s was to jack interest rates through the roof and use taxpayer funds to bailout foreclosed mortgages, while selling the assets for pennies on the dollar to various members of the good old boys club. The big difference between then and now, is in those days, most credit was at a fixed rate. Anything like that now would push an already trashed economy over a cliff to never never land. Jacking up prime to the levels seen in the 80s would completely wipe out the middle class in this country, and probably set off the second American Revolution in the process.