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

To: Real Man who wrote (15856)	12/30/2008 9:26:38 AM
From: Amelia Carhartt	Respond to of 71402

The greatest Ponzi scheme of all time.

To: Real Man who wrote (15856)	12/30/2008 9:31:36 AM
From: GROUND ZERO™	Respond to of 71402

"The dollar is a Ponzi scheme, the waters of debt are overflowing the dam of artificial support, and only a few countries, two of them somewhat unstable, are holding back the deluge." - - Jesse A scary thought...<g> GZ

To: Real Man who wrote (15856)	12/30/2008 10:30:10 AM
From: Tommaso	Respond to of 71402

>>>more concentrated on these two countries, along with Saudi Arabia, than we had thought.<<< Than who had thought? Some of us have been saying this for several years, at least.

To: Real Man who wrote (15856)	12/30/2008 11:18:48 AM
From: maceng2	Respond to of 71402

The implication is the Euro is immune from this doomsday scenario and will soar against the dollar. Somehow I don't think that will happen. I agree with the dollar weakness, but where is the major currency that has strength? It's not the Euro imo, and that is currently 58% of the story. Higher interest rates for all in the pipeline maybe -g-

To: Real Man who wrote (15856)	12/30/2008 5:05:11 PM
From: NOW	Read Replies (2) \| Respond to of 71402

what would happen if japan wrote off its US debt?

To: Real Man who wrote (15856)	12/30/2008 10:22:11 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 71402

How old is that canard? If and when China and Japan are no longer able to support the continued growth of US deficit financing, the dollar and the bonds will contract (decrease) in value, and perhaps precipitously, like a house of cards. It is much worse than we had imagined, and more concentrated on these two countries, along with Saudi Arabia, than we had thought.

To: Real Man who wrote (15856)	12/31/2008 8:16:47 AM
From: carranza2	3 Recommendations Read Replies (1) \| Respond to of 71402

Indeed. The phrase 'vendor financing' resonated loudly between my ears when I read it the other day. But let's not forget that what has happened nationally can [and has, in my view] happen internationally. I mean by this that the US can be seen as an international subprime debtor and the Asians can be viewed as the imprudent lenders. Just as the local real estate lenders were happy to lend so that toxic mortgages could be bundled and profitably sold to the suckers, the creditors in this Big Game were content to play currency games and repress local consumption and increase savings in order to accumulate the equivalent of the fees the Wall St. thugs charged the buyers and sellers of their ABS crap. In a word, the local US financial crisis is a good analogy for what has taken place internationally in the last couple of decades. A circus of imprudent lending and borrowing. All are in a fix together and all lose but who loses the most? Who bails out the lenders in this international game? Who bails out the debtors? I think the answer is obvious. They bail out each other via some sort of accommodation, otherwise they both go down. The problem is the mechanism for such an accommodation. I am not sure one exists.