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

To: carranza2 who wrote (17496)	2/9/2009 8:02:09 PM
From: Real Man	Respond to of 71456

"or we are going to have to raise incomes by printing a lot of money" That's our spirit. -g- The idea is to stop the immediate crisis and drag reforms over time. They can't be done right now. This credit market is not "orderly", thanks to derivatives - it is in a meltdown mode. The problem is, the meltdown can get a whole lot worse if the treasuries really tumble. Then Jesse's cure will arrive by itself via a currency (USD) run. It will be quick, but very painful. Everyone will default and go bankrupt due to high rates, including the government. Then the manufacturing will shift back to USA as the dollar will be at 40, lots of cheap labor. If it happens this year, we will be on the road to recovery in 2010. -g-

To: carranza2 who wrote (17496)	2/10/2009 9:05:33 AM
From: Real Man	1 Recommendation Read Replies (1) \| Respond to of 71456

FWIW, here is Stiglitz and his solution. Jesse posted a lot of criticism from him before. Blind criticism is silly. All I can say - let folks who actually know stuff and are well educated in economics deal with this mess, which was Obama's message Yesterday. I agree. Note that his solution is in line with the new bailout plan. He won the Nobel Prize in economics, so he knows a bit. Quite a bit more than I do, that's for sure. I know nothing. -g- It's funny to see so much negativity in the media regarding this package, and we have not seen this before with all the stimulus packages that did not work. Heck, I am willing to admit, maybe these Nobel Prize winners know stuff, and it will actually work??? I honestly think they do, and they've seen it coming this time, unlike in the late 20-s. <G> news.morningstar.com If you read BIS stuff, you learn a lot. It was not just Peter Schiff, Mark Faber, and all the bears. They've seen a systemic crisis on the way. The warnings roughly echoed the warnings by the bears. The Feds intensionally dropped the dollar in an attempt to cure current account deficit, but the credit bubble prevented the cure.