EUARTE

Reverse Carry Trade Borrowing Proves Deadly

I just do not know where to start. The United States as the lender of last resort? What a hellish idea. We are broke. The dollar is near worthless in the long term. One case comes to mind. Brasil. Brasil is overloaded with US$ and €. Why can't they use these up to shore up their banks? Some thing crazy is going on here. If some of these countries go under then let them go. The fantasy of a global economy is over. Let us clean up USA first. If we succeed then the others will follow.