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

To: axial who wrote (20995)	6/27/2009 1:45:20 AM
From: Real Man	Read Replies (1) \| Respond to of 71456

It is certainly true, the future is not determined. In my view policy action causes reaction, and a different policy action would cause a different reaction. Some errors were made in the past, so now we'll have ugliness of some sort no matter what, but the exact form of that ugliness will depend on policy actions taken in the future, as well as policy actions taken currently and in the past. Right now we are staring at bankruptcy of the country, either through hyperinflation or default. That is a result of policy actions taken in the past. The way we go will depend on policy actions taken in the future. I don't really expect hyperinflation. Moderate expectation would be more realistic. Similar to GM, USA is bankrupt and needs restructuring. Less bubbles, less financial engineering, more manufacturing activity.