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

To: Skeeter Bug who wrote (21366)	7/15/2009 9:08:39 PM
From: Real Man	Respond to of 71445

Exactly.

To: Skeeter Bug who wrote (21366)	7/15/2009 9:29:17 PM
From: axial	1 Recommendation Read Replies (3) \| Respond to of 71445

Economics is political. Politics is economics. It's not a question of who can do it better because everybody's record stinks. You say the Fed is the best choice to run itself? Fine. Then you get the Bernankes and the Greenspans, and welcome to them. Should we give the power to politicians, who have spent and borrowed a nation into the poorhouse? Maybe you'd like to give it to the collegial thinking in the financial community, whose misallocation of trillions has diverted badly-needed capital away from constructive use, for a bet on red. And when they lose that bet, the whole Groupthink consortium - government, the banks and the Fed - cover those bets with your money. Then they take that money, and instead of giving it to you in the form of credit - they bet it on red again. They don' need no stinkin' Yen carry trade any more: they made their own. With your money and their interest rates. One group would be better than another? Please tell us: which one? Which one is doing the right thing, and has a record of prudence and success in guarding the public interest? Jim

To: Skeeter Bug who wrote (21366)	7/16/2009 5:34:53 AM
From: Real Man	2 Recommendations Read Replies (1) \| Respond to of 71445

I'll give manipulation a few months at best, then it all goes down the drain in an ordinary currency run fashion. The Fed is fighting policy failure, so things are supposed to get really ugly soon, once collapsing derivative pyramid overwhelms them. Printing will hurt, as folks exit the treasuries en masse, and stocks will collapse too. Our country is bankrupt. It is too big to fail. These days things too big to fail, fail, in a spectacular fashion. The QE policy failed already, as it drove rates higher. Last year we manipulated our currency as it threatened to collapse. So, our discredited agencies downgraded countries who are our creditors, causing the dollar melt-up. It won't work again.