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

To: ggersh who wrote (16593)	1/23/2009 3:12:49 PM
From: Real Man	Read Replies (1) \| Respond to of 71446

His helpers are doing it. There isn't much you can do to this mess after running a series of bubbles, except trying to inflate them away as usual. The mess can't be fixed overnight, and that's pretty much what he is telling everybody.

To: ggersh who wrote (16593)	1/23/2009 4:17:10 PM
From: Real Man	Read Replies (1) \| Respond to of 71446

A good read. 2-4 years to suffer, a lot of restructuring work ahead, perhaps, nationalization of major derivatives dealers. Then, perhaps, growth can resume. I view it as unlikely that USA will remain in economic depression for decades - we've been in it for 8 years and counting. The derivatives are very scary, but less scary than the notionals appear them to be, and are bilaterial - they don't add anything to the mess or subtract anything from the mess. They tend to amplify the upside and the downside a great deal, as markets can be manipulated with little money, then collapse, as they did. When a derivative contract is settled, the money doesn't leave the system. When an asset price drops, it does, gets swallowed by debt. GSE Nation: How Bailouts and Nationalization Change the US Banking Model slideshare.net