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

To: ggersh who wrote (28224)	4/27/2010 4:24:03 PM
From: carranza2	Read Replies (1) \| Respond to of 71452

What about Spain? Italy? The UK?

To: ggersh who wrote (28224)	4/27/2010 6:41:21 PM
From: Real Man	Read Replies (2) \| Respond to of 71452

Like AAA subslime in 2006-2007? An actual default in the EU has not happened yet, except in the US and UK, via major monetization. Greece is like California - can't monetize.

To: ggersh who wrote (28224)	4/28/2010 5:09:25 AM
From: axial	2 Recommendations Read Replies (3) \| Respond to of 71452

gg, welcome to the new normal. Countries with debt problems have been known for years, but now, it's an "issue" - unless of course we're talking about US debt. We'll see a parade of crises complete with media hype and manufactured angst, in which USD bobs up and down like a cork as international players rush in and out of a flight to safety. Commodity prices will move inversely to USD, the reserve currency for which there is no replacement. Discredited ratings agencies will assist in this game, suddenly discovering "new" problems (visible for years) and lowering ratings. These lower ratings will be issued, of course, by US agencies. Players who are party to the process will realize immense derivative profits, just as in sub-prime. This will have the desirable effect of temporarily arresting USD decline. Since several new crises are waiting in the wings we can expect more of the same. Depending on the degree of cynicism, one can view this succession of unfolding dramas as "natural" economics at work, or something more synthetic and corrupt. Either way, it's as predictable as the profiteers. Jim