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

To: philv who wrote (100611)	8/10/2009 3:36:49 PM
From: Amark$p	1 Recommendation Read Replies (1) \| Respond to of 116555

Yes, US$ is freely traded. That does not prevent Obama calling for bank holiday and unilaterally declaring a 10% to 50% devaluation in the dollar... That said, the problem then is finding investors to finance US budget/trade deficit. Bond holders will not be happy with such a devaluation... This is what Mish needs to analyze and review... This is a conceivable end game. Such a bank holiday/devaluation could be in conjunction with global currency. It may have to be if no investors are buying US Treasury bonds to finance budget/trade deficit. marketoracle.co.uk here is recent article globalresearch.ca All I know is Mish needs to address the issues...