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

To: ggersh who wrote (29254)	7/13/2010 6:39:22 PM
From: Elroy Jetson	1 Recommendation Read Replies (2) \| Respond to of 71441

No one, I'm willing to lend my money to, is willing to pay me very much for the privilege of borrowing my money. And I've no confidence in the repayment ability of people who would pay me a better return. When the Fed arranged repurchase agreements of "crap financial assets" for money, this strengthened the appearance of bank balance sheets but not their actual condition because the banks are still obligated to by their crap back at full price plus interest. Banks have been borrowing money from the Fed, at low rates, and purchasing U.S. Treasury bonds, because they have very few loan applicants they consider credit-worthy. Fed "money creation" may be eye-popping on charts, but the reality in the economy is that money is very tight. .