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

To: GST who wrote (19303)	3/30/2009 2:45:36 PM
From: axial	Read Replies (1) \| Respond to of 71454

I hear you - but you're speaking as if the US was NOT "on the road to endless debt" before this administration started. It was. The posted Fed charts prove it. Agree: some questionable decisions being made now. But we still don't know all the facts, and they've only had 3 months to resolve the most colossal mess over faced by an incoming administration. There's still time to change course, to adapt. Much will depend on inflows: if they dry up, the US will have to change course. No choice. I suspect that most of the venom on this thread comes from politics - not a sense of fairness and balanced judgement about problems that will take years to resolve. Assuming that the US and global crisis CAN be resolved in the first place. That's something we don't know... no matter what ANYONE says. Regards, Jim

To: GST who wrote (19303)	3/30/2009 2:45:54 PM
From: ggersh	Respond to of 71454

huffingtonpost.com "Then in January, Obama succeeded Bush--and if anything the closed-door operation became even more secretive. In devising their horribly convoluted and risky approach to the next phase of the banking bailout, chief economic strategist Summers and Treasury Secretary Geithner did not consult closely with Congress. The new rescue package was not legislated. There were no hearings. Rather, they met extensively with key Wall Street banking barons, to design government guarantees so lucrative that speculative hedge funds and private equity companies would bid for toxic securities clogging bank balance sheets. They would make a financial killing, but maybe banks would be recapitalized and start lending again."