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

To: ggersh who wrote (28317)	5/5/2010 11:21:26 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71456

Lol, in paper accounting this works. While they book the huge loans to the PIGS as a "credit" it is, in fact nothing but a new tax on local economies. Take Austria which is clearly not in the position to shell out excessive funds given their homemade problems (Skandalpe problems costing 8-10B) and excessive 270B CEE exposure pays 2.3B into the greek pot, thereby exceeding their own lending ceiling rules. In the end, the excessive German goods& services exports of the last years were financed by their own bank loans to countries like Greece, Spain etc. Now was that the bubble? No new money means less German exports. They are trapped.

To: ggersh who wrote (28317)	5/5/2010 12:18:21 PM
From: ayn rand	4 Recommendations Read Replies (1) \| Respond to of 71456

"The U.S. economy is currently experiencing a "Meltup", a prelude to a "Hyperinflationary Great Depression" that destroys the lives of all Americans who aren't prepared. The average American has no idea what disaster awaits. Most Americans spend their days worrying about Tiger Woods, Kate Gosselin, and Lindsay Lohan, instead of becoming educated on the economic issues that will shape their futures. Even those on Wall Street who are supposed to be experts on the U.S. economy are currently being distracted by Greece, a country with a GDP that is only 2.5% the size of the U.S. Greece is irrelevant and most likely won't be capturing too many news headlines in the U.S. a couple of years from now. If you do a Google search for "Greece Debt Crisis", there are currently 5,780,000 web results and 2,940 news articles. Shockingly, if you do a Google search for "U.S. Debt Crisis", there are only 327,000 web results and 7 news articles. The world is blinded by current events in Greece, without any foresight of what is about to take place here at home." -National Inflation Association