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

To: NOW who wrote (24118)	11/10/2009 1:21:10 PM
From: Real Man	Read Replies (1) \| Respond to of 71463

Yep, but probably all of its goods part -g- As I just noted, the mess is a Keynesian swamp, but "deflation" is too simple a term to describe it.

To: NOW who wrote (24118)	11/10/2009 1:48:26 PM
From: Real Man	1 Recommendation Read Replies (1) \| Respond to of 71463

Some old stuff for history books. Note that owning gold and silver was prohibited by the law. The government money and debt were tied to the fortunes of an asset bubble. The South Sea Bubble and Law's Mississippi Scheme "...History reveals a financial system based on paper money depends almost entirely on the confidence of the public in the currency that is issued by the monetary authorities, and that once confidence in a currency is badly shaken, painful consequences are inevitable. The reader should ask himself the question: for how much longer will foreign investors, which are financing the US trade and current account deficit, be willing buyers and holders of American stocks, bonds, and the dollar? Surely, there will be a time when, as was the case at the time of the Mississippi Scheme and the South Sea Bubble, the present 'chain letter' type of fiat money operation practised by the US Federal Reserve Board will no longer work and lead to a sharp depreciation of the US dollar..." Dr. Marc Faber gold-eagle.com