Mother of Bailouts, US Dollar will not worth the paper it is printed on.
No details yet available, but one is for sure: US Government will buy bad debts on its books, more money will be created. Reflation, reflation, reflation. What is good: system will be saved and blood clots will be taken from the veins, for Gold, Silver and Commodities it is the best situation. Money supply will create rising inflation, credit will be available for developing mines and production. Confidence in US Dollar as a reserve currency of choice is out of the question and rising Gold at the moment of panic has shown its save haven status. Treasury yield will rise, buyers will demand more risk premium now, short term rates will be kept low: FED can not afford to raise them and I still confident that they will have to cut maybe in unison with other Central Banks. Negative Real Rates will provide fertile ground for our rising Gold, Silver and Commodities.