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To: BlackVeil
During the early 30s banks would put their cash in the front window to reassure depositors.

That is what the central banks have been doing now for over a month, and it hasn't helped - the crisis keeps growing. Investors are on the sidelines with their popcorn.

Asset prices must collapse to clean out the excesses of the past 10 years.

Or, the currencies will collapse (against gold and commodities).

Take your pick.


BUMP

8 posted on 09/18/2007 2:49:29 AM PDT by capitalist229 (ANDS)
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To: capitalist229
Or, the currencies will collapse (against gold and commodities).

A fair point. Gold and oil are already sharply rising, against other indicators (unless, it is because of rumours of a new war in the Middle East.) So the inflation of currency, which you mention, might already be happening.

9 posted on 09/18/2007 3:49:02 AM PDT by BlackVeil
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