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

To: rogermci® who wrote (19099)	3/25/2009 10:45:50 PM
From: Real Man	Respond to of 71475

That would be better, of course. We'll pay taxes on zad in 2010. -g-

To: rogermci® who wrote (19099)	3/26/2009 4:48:02 AM
From: Real Man	Respond to of 71475

What I wrote in the thread title is very bearish chit, which often happens as the very last step of banking crises. The script for non-reserve currency is always the same - this happened to 80 or more countries in the last 40 years. The game for USA is in a different ballpark, and we just need to see as we go. The currency run is the SHTF moment, which happens once the government defaults (or prints). After the currency tanks, the manufacturing comes back and the country recovers. The Fed just said FU to foreigners who hold a half of our government bonds, so it is only natural to expect they start running. They have been running from Fannie/Freddie bondz since last Summer, which is why the Fed is printing 1.2 T to put in those. Resume: If foreigners start running from UST/Fannie bondz together, it will not be pretty. I am bullish on gold and gold equities, bearish on the dollar and UST bondz, and think US stocks will may rally further as the money exits bonds, but that rally will fail until the dollar drops to 40-50.