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The US has a major domestic economic crisis in that the entire finance industry is built on foundations of mortgage debt and property laws that are just about to get pulled out from under and the whole edifice may come crashing down.

I don't think we can predict what the US finance industry will look like at the end (although I'd be willing to bet Goldman sachs do well) but I really doubt they're gonna be in any position to protect the dollar at the end of it.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Oct 14th, 2010 at 10:34:02 AM EST
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