[tsomer]

Hi Candor7

Have you seen this article:

http://www.atimes.com/atimes/Global_Economy/KD03Dj02.html

I got the link at Lucianne. Don’t know if it’s posted here.

My question: Does this relate to 0’s deal with the Chinese? Could there be any benefit from the collapsing dollar to the bad paper these banks own. Are they betting that converting to an outside currency now, would allow them to pay off their debt, converting the foreign currency to devalued dollars once the collapse occurs?

This is just a notion, and I’m no economist, but I wonder.
I’m not sure how, if possible this would work.

[Candor7]

This may be one strategy that banks may follow, and it will be orchestrated and pre planned.The " Leftists " banks will be in the know, and others who have refused to knuckle under to Obama will not. This will render some now "save" US banks as "unsafe."

WHich is why its good to have your money in a Canadian Bank off shore. Even America's safe banks may not be, because the will be left holding skanky USDs while others hav e converted en masse because they were in the poltical timing loop 9 Citi-Corp, Bank of America, etc)

However the euphoria of Citi corp will be short lived ideed.

The Chinese mean to control the world economy, and they will control America's.