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

To: Real Man who wrote (20326)	5/12/2009 9:36:53 PM
From: the navigator	Read Replies (2) \| Respond to of 71475

vi, in the 3rd hour of financial sense this past weekend, eric king interviewed dr. anna schwartz. it's about 42 minutes and is well worth the listen, maybe a couple of times. she believes the trash the fed is putting on its balance sheet "for which there is no price and for which there is no market," will hamper its ability to fight inflation. she also said inflation, "is in the cards." actually, she said many quotable things. her perception of the bankers was unique. she said, "they are beguiling themselves by insisting that they are not doing anything that is in the least in their private interests but i think that any observer would doubt that this is an accurate statement..." she goes on to say that they are influenced by their personal relationships, whether they admit it or not. financialsense.com which then brings me to this article by eliot spitzer. cryptogon.com Spitzer on New York Fed: “The Most Powerful Financial Institution Most Americans Know Nothing About” I do not mean to suggest that any of these board members intentionally discharged their duties with the specific goal of benefitting themselves. Rather, what we have seen is disastrous groupthink, a way of looking at the world from the perspective of Wall Street and Wall Street alone. That failure has brought the world economy to the edge of unraveling.