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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90209)9/6/2009 9:33:56 AM
From: Real Man  Read Replies (2) | Respond to of 94695
 
If the Fed is unable to do that, I have a feeling they will
get canned long before hyperinflation takes hold. We'll be back
on gold standard. It happened in the past with Confederate
money when the dollar lost a zero. If it loses a zero again
quickly, that will cause a return of hard core Republicans
like Paul in place of ones bought by the banks, and the Fed to be canned
by congress. This country has traditions. But I agree with
you, the dollar, in fact, may lose a zero before it all
happens.



To: GROUND ZERO™ who wrote (90209)9/6/2009 10:59:45 AM
From: Real Man  Respond to of 94695
 
Good read - how we dealt with banking crises before. The
depression of the Kondratieff winter cycle 1 cycle before
the Great Depression was over after 1 year, but employment
did not improve until 6 years later. 1837 was the start
of the panic, our current bear started in 2000. It was better
without the Fed. -g-

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