"Cram Down the Ultimate $100 Trillion Bailout, U.S. Dollar Value Fast Meltdown Ahead

Comment #4

konane — Tue, 05 Oct 2010 00:31:44 GMT

Thanks Sully! Looks like it before prices go through the roof due to scarcity and hyperinflation both.

Comment #3

sully16 — Mon, 04 Oct 2010 23:52:12 GMT

Time to stock up.

Comment #2

konane — Mon, 04 Oct 2010 17:25:41 GMT

Thanks Rick! Special room in a very warm place full of pitchforks for people who think they rule the world, know best about everything. That mindset was probably marginally ok in the dark ages but now .......... naaaah.

Comment #1

Rick G — Mon, 04 Oct 2010 17:15:46 GMT

Rumors abound that the dollar will be devalued soon (even though it has already been devalued by 95% in the last 100 years via the PTB fiction called 'inflation'). I have Mon. November 8th in the office pool. ;-)

Original Blog Entry: "Cram Down the Ultimate $100 Trillion Bailout, U.S. Dollar Value Fast Meltdown Ahead

konane — Mon, 04 Oct 2010 13:47:43 GMT

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Cram Down the Ultimate $100 Trillion Bailout, U.S. Dollar Value Fast Meltdown Ahead

......Because a Cram Down changes the ownership structure of a company, this one will change the ownership of the U.S. Never underestimate the politicians and bankers taking the easy way out. Printing money and kicking a bigger can down the road is always easier than facing the reality of your debts. .....

..........The executive branch of the U.S. Government, the Treasury Department and the Federal Reserve Bank will be directing the Cram Down action and they will all be trading for their accounts. It's not hard to imagine what the rest of this Cram Down will look like in the hands of the Obama administration. If you were a GM bondholder, you already know how this will go. Like any Cram Down, you won't want to put a penny of your own money in the next round until the entire management team has been fired. They were the people who put the car in the ditch and you have to take away the keys. Let's see who gets fired in the next election. .....

http://www.marketoracle.co.uk/Article23100.html

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