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


To: ggersh who wrote (26055)1/5/2010 11:40:34 AM
From: Real Man  Read Replies (1) | Respond to of 71456
 
Fleck... This has long been my opinion - SHTF
when the Fed's action causes an opposite reaction
(printing -> higher rates), or the Fed is no longer
willing to be the lender of last resort... which is why this
thread was started. Of course, there is always a possibility that
the Fed always prints what's needed and whatever the amounts
involved, which WILL lead to hyperinflation. So far this latter
possibility realized, so we are on track to some
Zimbabwization. That said, the Fed will likely employ
stop and go approach, with huge liquidity injections only
when things are blowing up. This will lead, and has already
led to very difficult markets. Where they go will depend
entirely on the Fed.

"I caught up with my good friend Bill Fleckenstein for a
schnitzel in Maui and we talked about his view (the same one we
shared a few months ago). “We’ve already seen the crash,” he
said, “As long as the government has a printing press; the next
question becomes the full faith and credit of the United States.”"

minyanville.com