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


To: Real Man who wrote (42454)10/5/2011 6:27:55 PM
From: ggersh2 Recommendations  Read Replies (2) | Respond to of 71446
 
Agree, system broke 4 years ago, band aids, fingers
in the dykes don't work. What Bernank got wrong is that
this time it was different. -nfg-

Westie has always been right, market wise, forget the
wars and the rest. -g-

Nationalizing banks would be the same, Obama is truly
clueless to yours or any solution. Has anyone in DC even
mentioned that as a solution? -nfg-

Am I the only one but didn't Ben seem aged yesterday?



To: Real Man who wrote (42454)10/5/2011 6:32:20 PM
From: ggersh1 Recommendation  Read Replies (1) | Respond to of 71446
 
The French know.

Le Figaro Discloses France Has Prepared An Emergency "Just In Case" Nationalization Plan For "2 Or 3" BanksSubmitted by Tyler Durden on 10/05/2011 - 18:27 Fitch France Google Greece International Monetary Fund Nationalization Rating Agency ratings

There are three phrases the market never wants to hear. Ever. They are "contingency", "just in case", and "only." Alas, it just got all three of them in an article just released by French Le Figaro which, per Bloomberg, has disclosed that "France has been working for a number of days on a plan that would allow the state to take a stake in the country’s financial institutions if needed, Le Figaro reports, citing a source. The plan, the article continues, is being prepared “just in case” it’s needed and only 2 or 3 banks may be affected under plan." So, let's get this straight: France has scrambled to put together a nationalization plan to bail out just "2 or 3" banks, "if needed"... Uhhh, all we can say to this is, LEEEEEEEROOYYYYYYY JENKINS.