I see this as unbelievably inflationary - something we have never experienced in our life times - and also massively US dollar negative.
I suspect for some time we will see stockmarkets boom and commodity prices rocket.
Think about it.
The remaining favoured US financials at the stroke of a pen no longer have their balance sheets infected by poisonous, multi billion dollars out of the money derivatives which cannot even be accurately marked to market because there is no market.
The US Government has decided that instead the US taxpayers will own this poison.
Freed of this virus, accounting profits for the US financials should soar.
Get set imo for an inflationary boom. Watch the new upleg in commodities take off.
In this scenario gold and gold stocks will also come into their own. And that includes imo the downtrodden gold juniors which will rise from the ashes to prices most never thought were possible.
