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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: maxncompany who wrote (100604)8/10/2009 3:00:09 PM
From: Amark$p1 Recommendation  Read Replies (2) | Respond to of 116555
 
FDR declared bank holiday and devalued the US$ 40% during the Great Depression. It has been done before.

Puplava, Harry Schultz, and Bob Chapman have all commented that such a bank holiday/US$ devaluation is possible in next few months.

Would likely do wonders for US real estate, and thus banks holding excess REO properties.



To: maxncompany who wrote (100604)8/12/2009 12:55:57 PM
From: Dan3  Read Replies (1) | Respond to of 116555
 
Re: how does one just declare a 50% devaluation in the dollar overnight?

The FED prints up and offers to swap 2 dollars for however many Pounds, Euros, Renminbi, pesos, etc. that "the market" is offering to pay 1 dollar for. (remember, 50% down is 100% up)

Which deal would you take?

It's basically what the Chinese have been doing for many years (just not such a big difference).


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