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that Chpt. 11 type of banckruptcy and nationalization were perhaps the solution, but my question is, as I don't understand the dynamics but surfing the econ blogs this weekend, I gather that nationalization will really tank the dollar ... as in obliterate it.

Is that true and valid theory/likely to happen or more neo-lib propaganda?

If so, is that the only solution better than what is happening now?

"Schiller sprach zu Goethe, Steck in dem Arsch die Flöte! Goethe sagte zu Schiller, Mein Arsch ist kein Triller!"

by Jeffersonian Democrat (rzg6f@virginia.edu) on Mon Jul 14th, 2008 at 06:43:45 AM EST
[ Parent ]
I'm not sure why it'd tank the dollar, so I'll assume neolib propaganda for the moment.  Any argument behind the claim that it would do so?

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Mon Jul 14th, 2008 at 06:51:31 AM EST
[ Parent ]
or new dollars injecting capital in FMs and cause Standard and Poor to lower the US Treasury credit rating, which in turn could cause a massive international dump of T-Bills resulting in the Argentina Peso worth more than the dollar.

I think I got that right with the correct terms, I am still trying to learn all these economic terms and dynamics with a crash course and steep learning curve ... so I could have that all wrong, it's just my understanding at the moment

"Schiller sprach zu Goethe, Steck in dem Arsch die Flöte! Goethe sagte zu Schiller, Mein Arsch ist kein Triller!"

by Jeffersonian Democrat (rzg6f@virginia.edu) on Mon Jul 14th, 2008 at 07:13:46 AM EST
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