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

To: carranza2 who wrote (43210)	11/14/2011 9:52:08 AM
From: Real Man	Read Replies (1) \| Respond to of 71454

"Of course, if the ECB provides unconditional financial support to Italian or other politicians who refuse to bring their deficits under control, then we are heading for another Great Inflation." Isn't this exactly what the Fed and BOE have done already? Yet the Euro is down against the clownbuck on default risk, what a screwed up world! I mean, quadrupling the monetary base as the Fed has done is not a ridiculously low amount of bottled up inflation. US needs to raise taxes by 50% or cut spending by 1/3 in order to balance the budget, and this number excludes Medicare/Medicaid.