aussie dollar crashing, page-16

Thanks Riggs

Mate, im still banking on the US dollar to get smashed, the US Federal reserve can not raise rates or it will be game over for the yanks, they are hoping that this crap can level itself out without lowering the rate, however with the amount of subprime loans that will default and that is more certain than a blonde nurse, the prosepect of a foreclosure epidemic in the US will slaughter them, house prices will plumet nation wide leaving borrowings much higher than the property values, the banks wont want this, what ever does happen its going to be very interesting to see how the Fed plays his hand, one thing is forsure, helicopter Ben wont be able to sit with his thumb up his aarrsse for to much longer, he will be forced to play his hand soon, the rate will go up or down, and im betting it will go down, if that happens, the US dollar is a dead duck, aussie dollar...90+c.

Cheers