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Originally Posted by X5rolls
yes, something is wrong - the banks are about to be nationalized and shareholder value will be wiped out. Or that is the fear anyway. Currency will take beatings all over the world - Gold is on the way up.
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I understand what you are saying, but this is nothing like that. This is a massive intervention in the USD. It was a coordinated move that would have required billions to accomplish. For all we know it could be the good ol' PPT. Who knows.