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

To: RJA_ who wrote (20977)	6/26/2009 1:44:41 AM
From: TobagoJack	1 Recommendation Respond to of 71456

given that bernanke has been wrong on so very many issues for so long, there is no reason at all to listen to him other than for counter-strategy intelligence gathering purpose

To: RJA_ who wrote (20977)	6/26/2009 1:47:06 AM
From: Real Man	1 Recommendation Read Replies (2) \| Respond to of 71456

A simple answer - it will be very inflationary. There is no way Bernanke can or will drain. The most probable scenario is bankruptcy of the country, IMHO. A la Argentina. Rates will keep rising until there is a default or the Fed will keep the government from defaulting by printing and then we'll have the kind of inflation this country has never seen in the past. By the way, it's not in the future any more. It is here. The country is bankrupt, which is why Ben has no choice but print, and then he talks it down, cause he knows if he does not, a serious currency crisis will commence. They will play the confidence card until all confidence is lost. I am inclined to believe that there will be serious inflation as opposed to default, and that all the government debt that can no longer be serviced will be monetized, but that view may have to be revised as we go along -g- The fallout from rising T-rates will damage the economy, so Argentina-type situation will come first anyhow.

To: RJA_ who wrote (20977)	6/26/2009 1:00:30 PM
From: axial	1 Recommendation Read Replies (2) \| Respond to of 71456

Hi RJA - If you want an overview of good dietary practice, don't go the the butcher, and don't go to the vegetarian. You won't find a balanced view at either. The focus here is the coming US dollar crisis... not the possible crisis. There are no alternatives; there's one choice, its probability is 1, and that's it. Yours are enlightened questions, signifying an awareness that things never turn out exactly as expected. In terms of the answers, the best comment about them comes from Archimedes: "always be prepared to short those who know for certain". The easiest money in the world has always been betting against conventional wisdom. Regards, Jim