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Re: tigertrader post# 3167

Wednesday, 06/24/2009 10:26:12 AM

Wednesday, June 24, 2009 10:26:12 AM

Post# of 12137
This diversification away will definitely hurt the dollar but IMO will be good for us in the long run. It would lower the influence on our currency and it's subsequent influence on commodities from outside investors. IMO, if there is global reserve currency, it would actually help decrease currency volitility but it will be a long while before we see any kind of super reserve currency.

The majority of banks are not in trouble, it is just the larger investment banks, but they do hold a good grip of investments. It is pitiful, our clients that did not take the risk (like most americans)and have to pay for these bailed out jokes with special FDIC assessments in which they originally were supposed to pay 15 basis points on total deposits! What a joke that was, wow banks had a real incentive to bring in deposits then...yeah right! It was decreased substantially to .05% of total assets minus capital when they realized how unfair it really was (bank CEO's replying to the FDIC saying F U !).

Insolvency plaguing most of the states is a real threat and I hope we can see some positive growth and employment rise to help this situation.

Like you said, I personally like all commodities and precious metals at this point.

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