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


To: Real Man who wrote (31496)10/28/2010 5:36:06 PM
From: carranza2  Read Replies (1) | Respond to of 71479
 
The reason I doubt zh's stuff is that it contradicts the poop the WSJ guy got and it ignores the divisions among the various members.

zh on the other hand is guessing. He is a very good prognosticator and he may well be spot-on, but for now I think the WSJ guy indeed gets the advance stuff; it is consistent with the evident divisions which we can all see.

Who knows, this stuff is so crazy they might take the advice of The Atlantic's guy and suggest that all US gold be sold.



To: Real Man who wrote (31496)10/29/2010 1:51:52 AM
From: RJA_  Read Replies (1) | Respond to of 71479
 
>>I believe it. Quite consistent with Fed behavior on previous occasions.
Expecting a decent size QE2 now -ng-

>>Tough to eat the Fed will destroy the country to save the banksters, eh?

>>Now, how Mr Market reacts to this is another question, but most
likely it will celebrate, even though this is an explicit admission of
bankruptcy of the country.

The mission of the Fed, based on its history and origins appears to be:

1. To backstop a banking cartel.

2. To be the source of liquidity of last resort for its members.

That seems to be about it.