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To: Dionysius

Do it immediately. I have no idea when it will happen, only that it will. I think it will actually be precipitated by the collapse of the euro. While I always thought US banks were the most creative and inventive when it came to losing money, ie subprime mortgages, cdo’s, cmo’s, credit default swaps, etc, the european banks have outdone us. They have loaned trillions of dollars to developing third world countries in Africa, South America and Asia. Rather than taking a few years to tank like here in the states, their debt could all become worthless in a matter of weeks. Then look for a bump up for the dollar and then the realization that fiat money is a its heart worthless. That will be the end. I don’t believe that any country will ever trust paper money again. But that’s my opinion.


31 posted on 12/24/2008 12:01:10 PM PST by appeal2 (Brilliance is typically the act of an individual, but great stupidity is reserved for the Gov't)
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To: appeal2

Thanks. Willco and Merry Christmas!


32 posted on 12/24/2008 12:06:07 PM PST by Dionysius (Jingoism is no vice.)
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