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

To: Skeeter Bug who wrote (29100)	6/27/2010 11:20:39 PM
From: Real Man	Read Replies (1) \| Respond to of 71479

We'll see. I am not saying reset is impossible in the US, rather, that the Fed may not have the balls for it. That means they could just use the printing press to pay for it all. An economic depression, yes, but then of inflationary kind. We'll just have to see. A reset involves a tough decision of fiscal and monetary tightening in times of economic crisis in order to save the currency from drastic depreciation. If the politicians get a hold of the printing press, the hopes for such tough policies will vanish. For now the Fed is talking tougher and is not printing, which is why, perhaps, the stock market started to roll over. ZIRP alone may not be sufficient at this time to get out of our enormous debt load.