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

To: Real Man who wrote (24759)	11/24/2009 1:18:01 PM
From: carranza2	3 Recommendations Read Replies (2) \| Respond to of 71463

The problem is that nobody really knows what should be done with a mess of this magnitude Bingo! But that is no excuse for doing nothing. Or maybe it is. I don't know. One thing O! has done, which is clearly a mistake, is to reward the greedheads who got us into this fix, i.e., the Citi, AIG, etc., cloacas who poured gasoline over the fires of incredible risk, then went whining to Big Daddy when the fire burned them. They should have been spanked and spanked hard, pour encourager les autres. {sp?}

To: Real Man who wrote (24759)	11/24/2009 1:34:29 PM
From: NOW	Read Replies (2) \| Respond to of 71463

one can certainly sympathize wit you : it is painful to acknowledge that nothing has changed for the better under the yes we can regime

To: Real Man who wrote (24759)	11/24/2009 2:13:24 PM
From: axial	Read Replies (1) \| Respond to of 71463

"The problem is that nobody really knows what should be done with a mess of this magnitude, and proposals from very educated folks range from letting bankruptcies and liquidations take their course to printing us into oblivion." That's it exactly. Probably the most honest answer given by anyone was Volcker's. When asked what should be done, he said "I don't know." From which school of economic thought shall we draw the answer? en.wikipedia.org We're in uncharted waters. Recent aggressive interventions have been an expression of prevailing economic orthodoxy, nothing more. They've bought time, but we all know they come with no guarantee. Jim

To: Real Man who wrote (24759)	11/24/2009 2:17:30 PM
From: axial	1 Recommendation Read Replies (1) \| Respond to of 71463

Prepare for risks of market turmoil, consultants warn -snip- “The events of the last two years have demonstrated that risk management cannot afford to stop at the 95th percentile. We need to find a way to include very unlikely, but potentially high impact, events,” Watson Wyatt said in the report. Its 15 extreme risks were ranked in order as of mid-year. They were economic depression, hyperinflation, excessive leverage, a currency crisis, a banking crisis, sovereign default, climate change, political crisis, insurance crisis, protectionism, disunity in Europe, the end of capitalism, the end of fiat money, war and a killer pandemic. --- As for the end of capitalism, Watson Wyatt said gold was the best holding, but admitted that in such circumstance *“investors should probably worry more about the return 'of'* their investments than the return 'on' their investments.”** theglobeandmail.com Jim