October 22, 2007

Some More Analysis

A capital inflow of $120.9 Billion in June, to only $19.2 Billion in July to a NET Capital OUTFLOW of $69.3 Billion in August tells me the GOOSE is COOKED for the US: a collapse of the US Dollar is imminent as the foreign holders are rushing to the exits and a severe Depression is on the way, as Americans will be forced to reduce their excessive consumption by at least 35% in order to erase the deficit in a Current Account no longer financed by foreigners...




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