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

To: Horgad who wrote (31678)	11/4/2010 12:56:39 PM
From: Giordano Bruno	Respond to of 71447

Trichet sees no deliberate dollar weakening by US reuters.com

To: Horgad who wrote (31678)	11/4/2010 12:58:33 PM
From: Real Man	Read Replies (2) \| Respond to of 71447

It's difficult for us to do an Iceland, because we are so huge. We are sinking more slowly, but the underlying problems are the same, and nothing has been fixed. More likely than not it will be a drawn out affair. Doing an Iceland requires a sudden flight of capital from the country. Iceland is the size of Peoria, IL. Ditto other emerging market countries, they were relatively small. So, you have something similar to a bank failure, but the country is the bank. It normally happened because debts were denominated in foreign currencies, so, once the currency tanks, debts grow! Our debts are in USD, so, when USD tanks, China and Europe go broke -g-