03-19-2009, 07:26 AM
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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Quote:
Originally Posted by SCORE-Cash
Don't stress. The EU is going to start their printing press soon, for the moment commodities is what you need to get into.
I'm sure Bernanke, also gave the UK the nod to start their printing press too.
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Yep.
The UK printing press already started and...
ECB Under Pressure to Follow Fed, Economists Say
http://www.bloomberg.com/apps/news?p....VI&refer=home
Quote:
The nightmare scenario that is staring us in the face, right here, right now isn't hyperinflation. It is in fact a collapse of monetary systems driving demand for dollars through the roof in a crescendo of attempted redemptions into collapsed ("no bid") asset prices - a demand that Ben will not be able to meet, as the collateral backing those dollars will have all been exchanged for toilet paper. Whether Bernanke holds all this trash on his balance sheet or manages to scam Treasury into exchanging it for T-bills, the result is the same - there is no collateral behind Bucky and as employment collapses no production to replace it with either.
The mad scramble will be on, and as it happens trade will be choked off by not a collapsing dollar but other currencies collapsing around the world.
Paradoxically, the DX, or dollar index, will skyrocket - not go through the floor - as this plays out.
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Read this: http://market-ticker.org/archives/87...-In-Mouth.html
Read this: http://market-ticker.org/archives/87...-In-Mouth.html
Read this: http://market-ticker.org/archives/87...-In-Mouth.html |
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