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

To: Real Man who wrote (20908)6/21/2009 7:26:46 AM
From: axial  Read Replies (3) | Respond to of 71456
 
Good point about Volcker. How about "Volcker-like" - someone who's tough enough for the job, nobody's pushover?

But I think you understand what is meant by "Draconian". The ideas seem extreme, almost unimaginable... but something like them will be what's needed.

Is there the will for that kind of sacrifice and change? Maybe GST is right when he says "No".

Or maybe it can't happen until the public sees there's no choice... only then will the politicians be able to act.

But then, it may be too late, and you'll finally have your USD run -g-

Jim



To: Real Man who wrote (20908)6/26/2009 1:19:43 AM
From: shag007  Respond to of 71456
 
Found this today on Volcker and his role....as a few have pointed out transparency is the last thing they want right now.

bit.ly

What is it that Volcker wants?

-Impose capital requirements on trading parties, people familiar with his thinking say.

-Make bigger banks smaller

-Reduce the role of an overstretched Fed

-Force Derivatives to be traded on exchanges

-Transparent investor prices of Derivatives;

-More-aggressive capital reserve requirement

-Bigger role for exchanges.


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