NOT DOLLAR, NOT AMERO what will be?

"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time." Abraham Lincoln.

It has began.
Geithner and Obama are taking a lot of risk, or peraps not actually they are trying to back up the investors risk that will buy the toxic assest with the money of the Americans. With the last plan they have pumped in the system about 1600$ per American.

The petrol barrel jumped about 10$, or perhaps we should say dollar went down. So if I were a chinese politician whom country possess a lot of dollars as foreings reserves I would be really angry.

http://www.ft.com/cms/s/0/26884e1e-18ab-11de-bec8-0000779fd2ac.html

I told you that dollar should go up. This is the first reason, but the second is that USA economy is going to be more depressed and no dollars will go into the monetary market except if chineses decided to get ride of them. If chineses decide that, the dollar will go down and the USA economy will take off on the long term but China competitiveness will shrink instantaneously.


Do you kow which is the country that still has gold as reserve? Germany !!!!

What are thinking the chineses? I think they are right, they need an stop loss for theirs stock of US Treasuries.

Look the comment of Tim Duy, perhaps the Fed should leave the stock market to fell down instead of triggering the collapse of confidence in the dollar.

http://blogs.wsj.com/economics/2009/03/24/secondary-sources-geithner-plan-hope-it-works-fed-relations/

I am really afraid of the last decision of Geithner and I am suspicious about his interest in seizeing non-bank financial companies but sure he is trying to save us.

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/24/AR2009032400847.html?hpid=topnews

Economy lost its bearings. Our investment comunity is thinking in going out of the market, not buyin not selling short, the impact of our decision will be showed, our confidence in the game rules are vanishing.