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

To: ggersh who wrote (40519)	7/31/2011 3:45:02 PM
From: John	2 Recommendations Read Replies (1) \| Respond to of 71463

The U.S. central bank is the most powerful known organization on Earth. It exists to collect wealth from the interest payments produced from the fiat paper (e.g., artificial capital) that it prints and loans to the government. The act of loaning "money" satisfies the inherent need of most humans in society to immediately possess today that which they cannot afford until tomorrow, or even in a lifetime. A select few, ideally-responsible people don't borrow at all. Mostly-responsible people borrow within their means and expeditiously repay their loans without fail or incident. Irresponsible people habitually borrow well-beyond their means and routinely default. The first two groups are forced at gunpoint to pay for the irresponsible group. The irresponsible group is slapped on the wrist a little, and then issued fresh credit to repeat the process all over again. The Federal Reserve does not give a phuck how the interest is repaid, or if Suzy Suckfinger defaults. They only care that someone makes the interest payments. Their mobster cronies in the government (i.e., Congress and the WH) ensure that happens. Please recall that the latest CBO report that I linked to earlier indicates that seven trillion clownbucks will be paid in interest payments alone over the next decade. Seven trillion! That will result in a debt-to-GDP of at least 80 percent within a few years! The same report indicates that revenue will more than double from ~$2.2 trillion in 2011 to ~$5 trillion in 2021. Where in Heaven's name will that money come from and what will be the catalyst that produces it? Oh wait! I forgot! $5 trillion in 2021 will have eroded to the equivalent of $5 billion today after Bullshit Ben goes Weimar Republic and Zimbabwe on our collective asses! -nfg- Shorting the clownbuck from here-till-kingdom-come seems like an easy homerun over the long-term, but is it their plan to only crush the clownbuck OR to depress most (or all) global currencies somewhat uniformly? Holding real PMs and REMs (not just contracts) still appears to be the best plan.