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

To: ggersh who wrote (30863)	10/13/2010 2:05:30 PM
From: DebtBomb	1 Recommendation Respond to of 71456

The whole world woke up and figured out the euro PIIGS are a joke. The USPIG is over 800% Debt to GDP counting entitlements. China is probably stealth dumping dollars and treasureis and buying gold. Dr. Marc Faber: The first action Mr. Bernanke should take is to resign. If I had messed up the system so badly, as he has done, I would have to resign. He has talked constantly about the Great Depression and what caused the depression but the problem is that he really doesn’t understand what caused the depression, which was also excessive leverage at that time. I have to stress that in 1929 the debt to GDP ratio was of course minuscule in comparison what it is today. It was 186% of GDP but you didn’t have Social security, Medicare and Medicaid and unfunded liabilities for Social Security and so forth. So, debt today, as a percent of GDP, is 379% and if you add the unfunded liabilities we are at over 800%. The Federal Reserve should pay attention to that. hayekcenter.org

To: ggersh who wrote (30863)	10/13/2010 2:29:38 PM
From: DebtBomb	2 Recommendations Read Replies (1) \| Respond to of 71456

Here we go....the market is responding to the potential coming hyper-inflation. The dollar is worthless, IMO. Buying stocks may keep up with inflation some....gold, oil, commodities will skyrocket though, IMO. Imagine what gold will do when a pakistani sets off a terrorist attack. Or when someone hits Iran and the Straits of Hormuz get shut down and WWIII begins with WMD's. Or when China pulls of the nuclear option on the dollar. Or when banks get closed and dollar gets devalued. Or when the world's citizens think the world has ended in 2012. Or when ben tries to print into 2023, LOL.