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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (238532)2/16/2010 12:41:44 PM
From: Beachside BillRead Replies (1) | Respond to of 306849
 
<The dollar is gaining because government deficits in Greece and other EU countries>

BS... The financial community is trying hard to make a big deal about Greece and Spain which have a GDP combined that is so small that it is laughable.

This is a fiat currency race between Japan,EU,and the US to devalue its currency faster then the others to increase exports... a lose,lose situation.

China knows US commodities will hold value better than US debt. With all the OECD countries playing the fiat game, I am thinking the commodity buying will have a better return then the IMF bonds China is buying over a couple of decades.



To: Broken_Clock who wrote (238532)2/16/2010 12:52:30 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Waxin' down the Serf Boards...
Serfing USA!

Hapless Americans, unrepresented and betrayed, are in store for a greater crisis to come. President Bush’s war deficits were financed by America’s trade deficit. China, Japan, and OPEC, with whom the U.S. runs trade deficits, used their trade surpluses to purchase U.S. Treasury debt, thus financing the U.S. government budget deficit.