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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dave9 who wrote (97339)5/8/2009 11:03:37 PM
From: Think4Yourself2 Recommendations  Read Replies (1) | Respond to of 116555
 
That is my argument. The days of the dollar being the safe haven are coming to an end. Wall Street and the government have screwed up SO bad that the rest of the world no longer trusts them, and isn't about to support all the spending this administration is so cavalierly doing.

Clowngress is so incredibly arrogant/stupid that they cannot see any of this happening right in front of them. Another 100 Billion for the war. Another 100 billion for the FDIC. Another 25 billion for FRE. All that is just this week. This is stupidity on such a grand scale that they and all their offspring should be forcibly sterilized.



To: dave9 who wrote (97339)5/9/2009 9:53:42 AM
From: valueminded  Read Replies (1) | Respond to of 116555
 
You are wrong - imo. If all had lost faith we wouldn't be the world reserve currency. We are and will be for the near term (next 5 years) from what I see.


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