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

To: NOW who wrote (17133)	2/2/2009 4:41:45 AM
From: Real Man	Read Replies (1) \| Respond to of 71412

Depends where all the stimulus is directed. The Job creation/New Deal kind of stuff that Obama is doing is necessary. The banking stuff is, well, not really a robbery. It's trial and error stimulus, on the error side, I'm afraid. The net result is the transfer of the credit bubble to the government in order to save the financial system. However, the financial system is a huge derivative Ponzi scheme, a house of cards that is now collapsing. So, such transfer will lead to the bankruptcy of the country (a la Argentina). No -g- now. Bankers see it and, like rats, are leaving the sinking ship instead of lending. C and BAC are likely to get nationalized before the bailout is passed.

To: NOW who wrote (17133)	2/2/2009 5:03:16 AM
From: Real Man	1 Recommendation Read Replies (2) \| Respond to of 71412

The last bubble standing: Treasury bonds, with 500 Trillion in interest rates swaps around them. Things will hit the fan in the ugliest way when that goes (bankruptcy of the country). Seems inevitable, unfortunately. Expect millions of Americans to hit the streets in protests. It will be very dangerous to leave the house without a weapon. Like stocks, these can collapse VERY quickly due to derivatives, within a month or so. Can the Fed hold this together? I pray they can, and diffuse the bomb through nationalization (cancel derivatives). Most likely, diffusing the bomb is impossible at this stage.