Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: axial who wrote (20909)	6/21/2009 11:04:59 AM
From: philv	Read Replies (2) \| Respond to of 71456

What Volcker did was to raise interest rates. I doubt if even Volcker would recommend that now. You know what that would mean for the economy and the world economy! And for jobs, mortgages, and the US dollar. There seems to be no good solution. They are muddling through, and stepping on the gas peddle to get over the bumps. Putting on the brakes would just mire everything down? Decades of overspending, lax banking rules, and criminal or near criminal activities from Wall St. with all their complicated misunderstood financial products gave a false impression of wealth which is now correcting and has been exposed for all the world to see. The choice seems to be either a big world wide economic collapse now, or slowly muddle through using all the tools available. I can't think of any other choices and don't like either.