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

To: Tommaso who wrote (18795)	3/18/2009 3:42:37 PM
From: ggersh	Respond to of 71426

3:45 cst Dollar Index @8460

To: Tommaso who wrote (18795)	3/18/2009 3:52:45 PM
From: Real Man	1 Recommendation Respond to of 71426

To net today's FOMC statement for you, the Fed today made an aggressive commitment to monetary expansion today in the expansion of its balance sheet to support the financial system. What was particularly repugnant was the co-ordinated actions in the market ahead of this announcement. This included a major bear raid on the precious metals, and the panic-covering of the financial shares before the official announcement. The cure of the crisis ought not to be an occasion for looting, fraud, deception, and personal enrichments by insiders who in many cases caused the problems which are facing today. The US government is engaging in the same artificial tactics that lead to the tech bubble and the housing bubble. They are artificial because they are not accompanied by systemic change and meaningful reform. We are shooting the patient with morphine so they can go back to work without treating the disease. The next phase of this financial credit crisis may be take down the US Bond and the dollar. That is what is known as a financial heart attack. jessescrossroadscafe.blogspot.com

To: Tommaso who wrote (18795)	3/18/2009 4:17:23 PM
From: Real Man	Respond to of 71426

To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months.