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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (46453)	2/16/2009 3:55:27 AM
From: Haim R. Branisteanu	Respond to of 218705

One thing to remember the USD lost credibility and the G-20 want to de-throne the USD as the only reserve currency and rightly so. Iceland or for that matter Austria have no meaningful economies compared to the EU. Too many confuse each EU state with the US. Many US states are also on the verge of bankruptcy but little fuss is done about this for what ever reason. As an example all state pension funds are in $1 trillion shortfall all US states budgets are in a $1 trillion deficit - (and this is for 2009 only) but few talk about this issue for obvious reasons At the moment every country is interested in a cheap currency- they fail to understand the true reason of the crisis. Screwing savers with low interest rates and rewarding speculators will bring them no recovery