Actually, my scenario is that as the $600 billion slides in, and the dollar starts to slide against the Euro...Soros appears in Rome, London, Paris and Frankfurt to bet on the currency futures, and whatever magic number that the US thought that they could safely slide to....whips right by and they continue right on down...maybe $1.75 per Euro.
Folks start to get worried, and some others jump on the Soros bandwagon to bet on the dollar sliding more. Then around $2 per Euro...the US has to jump in with a trillon to save the dollar, but it’s too late.
Soros walks away with $100 billion (maybe even $200 billion), and the US economy by December of 2011 is totally destroyed. Oh, and by the way...all of the economic events to help collapse the banks and create all of this banking disaster? It’s been in the works for fifteen years by Soros and his team. Even the choice of the Fed chairman, the education of Obama at Harvard, and the handling of the Senate Banking Committee....all planned by Soros.
We’ll all have a laugh in the spring of 2012 as we have worthless 401K accounts and wonder how we pay for our house.
I wonder if that is really Bernanke or Soros wearing a Bernanke mask....
But, Soros is also trying to destroy the Euro at the same time. He will attempt to crash BOTH currencies at once.
You don’t understand economics, sorry. It’s tough to be blunt, but a lower Dollar means higher stock prices and lower debt values.
So your 401k would be worth more and your house debt would be worth less and easier to repay, as would your credit card debt, if the Dollar plunged.
Won’t happen, but that’s how economics would work if the Dollar did plunge.