At this point... Cash$ is King(smokey)

At this point... Cash is King.	smokey	NEW 1/21/2008 8:29:48 PM
What we are witnessing is a collapse of the foreign asset bubbles which were fed by the dollar carry trade of '02-'04. Dollarborrowers who traded those dollars for foreign currencies in order topump the foreign stock market bubbles are now selling those stocks, andtrading the foreign currencies for dollars in order to call-off theircreditors. This same process is occurring with the yen on asmaller scale. Speculators must liquidate their holdings, sell thedenominated currencies and buy yen in order to remain solvent. Theactual intricacies of an unfolding credit collapse are unknown to anyof us. Ben Bernanke, Hank Paulson and crew are no better informed aboutthe condition than we are. As the value of obtaining cashincreases, assets depreciate thereby accelerating the liquidationprocess. This is why lower interest rates will not delay the dash forcash. We are witnessing Weimar hyperinflation slammed intoreverse and gunned into a Bullit U-turn tires 'a-smokin' and valves'a-floatin' headed straight for the drive-up window. "Gimme my dough."