Sunday, March 29, 2009

All US capital is rotten !


The U.S. banking system could face more than $1 trillion of writedowns and losses. By some estimates, that amount is roughly equal to the capital in the system.
If all capital in the system is writedown what will left for circulation? That sum os dollars printing machine will produce. Scary inflation scenario. And don't forget dollar is World's currency.
Deja vue in Germany?

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