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

To: GST who wrote (20982)	6/26/2009 2:10:28 AM
From: Real Man	Respond to of 71456

Exactly, which is why I am saying the USD crisis is here. A simple summary is that we have defaulted on the government debt through quantitative easing and are denying it, while playing confidence games. We even drag the discredited credit rating agencies (Moody's) to affirm US AAA rating that is now no better than their rating for subprime debt in 2005-2006, also AAA. The market knows, it monitors demand at treasury auctions very closely, so such confidence games are necessary to prevent immediate collapse.