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

To: gregor_us who wrote (21349)	7/14/2009 1:27:11 PM
From: Killswitch	Read Replies (1) \| Respond to of 71441

PIMCO now suggesting that if things start to look worse Bernanke should print up more money to support a big new tax cut. pimco.com

To: gregor_us who wrote (21349)	7/14/2009 2:28:15 PM
From: Real Man	Read Replies (1) \| Respond to of 71441

Yeah, CA is bankrupt, and so is USA. We are just keeping a straight face while we are defaulting on sovereign debt through printing. The only question is, how long can bond holders be fooled? Or, another, more relevant question: How much longer can JPM and ilk manipulate the treasury rates lower by channeling Fed money into UST futures and swaps before it all blows up in smoke? Blow up it will, there is no question about that. Can they do it until the printing press is taken away from the Fed, per Fleck's comments? My tentative answer to that is Yes, and it will cause quite a bit of inflation first. But then of course, such blow ups are unpredictable.