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

To: Skeeter Bug who wrote (29126)	6/29/2010 5:22:36 AM
From: Real Man	1 Recommendation Read Replies (3) \| Respond to of 71479

I believe stocks will recover once they start new Quantitative Easing program, which therefore bears a close watch. Yes, they are there to steal your money. Not that I care, I am in gold for that reason. However, note that expansion of monetary base from 850 billion to 5 Trillion will constitute a very significant devaluation of the dollar. Not that it wasn't significant already, but, since the effect is delayed from the cause, they are doing everything to postpone it indefinitely. That effort will fail, of course, and we must take steps to protect ourselves. Printing 1.75 Trillion devalued the dollar effectively by 2/3. Printing 2.6 Trillion more will effectively devalue it by more than 80% from pre-crisis levels. So, the cause is there for the dollar to lose a 0, but the effect is still delayed. Well, not yet anyhow, but I am quite shocked. It's not totally unexpected, just UFB -ng-