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

To: Real Man who wrote (17200)	2/3/2009 11:41:03 AM
From: LTK007	1 Recommendation Respond to of 71455

One thing i consider is "experts" keep trying match this with past history when indeed History Has Never Had an Event like this , that amounted to Massive Global Ponzi Scheme beyond all reckoning. In terms of wealth lost, it was greatest loss of wealth world wide than at any other time in history( now being placed at 40% by a few). Point being, we don't know how this will end because we have nothing in the rearview mirror, the past, that is a parallel to this. Me and many others were warning that the derivatives market was leading to a meltdowm apocalpyse. The mathematicians were yakety-yakking that their brilliant equations assured the derivative worlds were safe because of their equations, thus showing once again that those people that think they can tame the forces of economics leave in mental lalaland, a lalaland of their fueled by their underlying motivation, greed. But this once again, has no precedent. i will repeat my view it was the ultimate cratering, there is no solution until you hit an unbelievably brutal bottom, where this crater floor really lies. i support Faber in saying that IN TIME(in his time, and he is something like 56) that NO MATTER how the world battles to have a Fiat money world, it will have a cataclysmic failure where only such things as physical Silver and Gold will have any value, as the there is inevitably going to be total breakdown of Fiat Money financial sytsem.) He says he only promotes gold over silver, saying it is much easier to put gold under your bed than silver:) To fortify the sincerity of my words i can state my words are NOT based on possessing physical gold/silver myself. i write this stating absolutely i own no physical gold or silver and i do not intend to: why, beause i and my wife our in our late 60s, and we are fatalist as opposed to survivalist--plus we live in area abundant in food , be it land/ocean or and via gardeining. My community has a year round population on about 1,200 "confined" in a space of 30 square miles:) There are those that are arguing BAC and C will go to zero collapse, because they are TO BIG TO SAVE---hmm. Rube Goldberg had a quite successful cartoon career just drawing if "Rube Goldberg machines and devices" What has happened over the past 20 years we created a Rube Goldberg Financial World, a massive gluttonous based on greed and making money simply by moving money around machine, it was a Rube Goldberg Device that Rube Goldberg himself could never have depicted. And worse yet all those that went into creating this monstrous higgily-piggily "move money aroud to make money" mechanism do NOT understan it THEMSELVES. They may have indeed created a GOLEM, in the sense it created a monster that turns on it creators, and destroys them. i personally think no one knows what is going on, as this is in fact WITHOUT precedent. I terms the U.S., the U.S. citizens haven't even come close to grasping how the U.S. has been INTERNATTIONALLY DISGRACED, we still chat We ARE EMPIRE, we are America. This again follows history's script, all Empires in decline have an embedded hubris and arrogance, that makes them behave like they still rule the world and thus hasten their fall. Faber says, China as already begun to move money out the U.S., and this will accelerate thru 2009 and 2010.(The Spear Report stated Geithner's attacking China for manipulating the Yuan this the Chinese can only destain, that here the most corrupt, manipulating financial society in the world is attacking them for manipulating the Yuan, and shows we don't have a clue that China can cut us down , and move us into collapse PRONTO, if they wanted too. In spite of our vastness, the U.S. is a very PROVINCIAL people, insular and INSULATED(in great part by the media that tells them lies lies and more lies--keeps them DUMB)), i read where only 15% of americans have passports--they don't know what is going on. Max