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

To: Tommaso who wrote (23470)	10/13/2009 1:57:51 PM
From: Reilly Diefenbach	Read Replies (1) \| Respond to of 71475

I think economics is about to overwhelm politics. It's gonna make for one hell of an ugly moment when that happens.

To: Tommaso who wrote (23470)	10/13/2009 2:03:58 PM
From: Real Man	12 Recommendations Read Replies (1) \| Respond to of 71475

The economy is in a very poor shape. However, temporary stability was achieved due to record amount of printing. What's next is the question. We would go through a systemic collapse and bankruptcy of the country if there was no monetary authority to print vast amounts of money, and it could still happen. Record debt with financial derivatives on top is a ticking, growing bomb. However, the presence of the Fed makes things very complicated. That includes the corruption, market manipulation, and cronyism which always accompany any major money printing, as interests that control the printing press always take advantage of that control. We are still going through bankruptcy of the country, but for now it is happening via currency devaluation, rather than a default.