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

To: The Reaper who wrote (246051)	4/29/2010 10:59:39 AM
From: RetiredNow	Respond to of 306849

Reaper, I actually read somewhere that there are good indicators that the G20 had agreed to monetize a portion of their debt by printing money globally synchronously. I wish I could find that article again. Anyway, if synchronized, that would keep currencies stable, while penalizing holders of large currency reserves that peg their currency to currencies of the mostly Western countries monetizing their debt, like the US. I have strong reason to believe the US is already doing this, given the artificially low interest rates commanded at Treasury auctions and the presence of a low of buying interest for those bonds, even as traditional buyers like Russia, China, and Japan have been diversifying away from our debt. I think the buyer of last resort, the US Treasury, has been propping up it's own debt purchases with freshly printed money. So yes, I think it is not only possible, but I think it is already happening. Whether it's a good idea or not is debatable. There's a lot of risk in such a strategy.