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

To: GST who wrote (31282)	10/24/2010 8:07:43 PM
From: Giordano Bruno	2 Recommendations Read Replies (1) \| Respond to of 71479

You write as if there is only one country, one national concern, one monetary problem, one sovereign nation. There are many who are repulsed by our policies.

To: GST who wrote (31282)	10/24/2010 8:29:15 PM
From: carranza2	1 Recommendation Read Replies (3) \| Respond to of 71479

There is a limit to printing, and I doubt it is oblivion, at least in our lifetimes. The risks of losing reserve currency status are too great. I see Geithner's recent pronouncements on a strong USD as an assurance to the rest of the globe that despite our need to inflate to some degree, we intend to support the USD at a reasonable level so as to not disturb the present system. The anti-Keynesian evidence is becoming overwhelming. Even staunch Keynesians like Bernanke must be having their doubts. Certainly many of the Fed's governors seem to have them. Their voices will be influential if only to put the brakes on. I think that the slight rise in economic activity in the US will give Bernanke sufficient cover for a less than expected dose of QE. Stock markets will get hit and gold will continue its correction. Whether salutary measures such as substantial budget and entitlement cuts will take place remains to be seen. There is a lack of commitment and a surfeit of gridlock, so who knows where things will go. But printing to oblivion is so counter-productive and wrong-headed, I doubt that will happen.