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

To: ayn rand who wrote (22672)	9/9/2009 7:34:05 PM
From: axial	Read Replies (1) \| Respond to of 71477

It's schizoid: two different views of the same situation. One view says it's all gonna crash, the other says it'll be okay - a bad spot, some changes, but then we'll get back to "normal" whatever that is. Faith in global economics has been badly shaken - there's a lot of paranoia. It's something like reactions after a natural disaster - everybody's worried about what's coming next. Many believe financial elites are lying to them. Now we see the Chinese repudiating billions in derivatives - and as everybody knows, there are huge pent-up risks if we get defaults in the $600 trillion derivatives markets. Only 3% default rate is more than US annual GDP. It's hard for people to choose between two apparently opposed realities and the predictions that follow, from them. --- "How long would a US dollar crisis last? How long would a locked-up global financial system be allowed to persist? By definition a crisis is transient: a period of time. It passes or it all ends. However, nobody is predicting the end. There could be a transitional stage. It'll get really ugly, but eventually there'll be change and something different. Between now and then is the hard part." Message 25208521 --- Capitalism, interventionist economics, monetary policy, fiat money, it could all fail. No guarantees. Nothing is forever. Who knows? Jim