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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (50809)	6/2/2009 10:30:26 AM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 220314

So what can the US financial system do to alter a crash?

To: Haim R. Branisteanu who wrote (50809)	6/2/2009 12:05:53 PM
From: RJA_	2 Recommendations Respond to of 220314

>>The whole US financial system was abused beyond the limits and it now coming crashing down - simply put I do not see how at current exchange rates the US will pay down the debt. Yup. But the folks that have been taxed (along with the locals who use the stuff) were the ones that created products/performed services in return for something with disappearing value... so the whole world has been taxed by the US as reflected in the US standard of living. >>The last time US debt was so high the US industry had little competition worldwide as Europe was decimated by war and China/India was still a backyard country Also true. So this is the epoch of change in world financial system. SOMETHING will replace this one, as this is clearly unsatisfactory. Which is why TJ has been pounding on precious metals... as the exact shape of the future system is unknown... but there is a fair possibility it might incorporate a reference to gold, silver, platinum, palladium, oil, ag, etc... Stay tuned.