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 Re:The demise of the USD
By: brukevlay
8/07/2009
12:05 pm Yahoo! Profile:
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Crazy,
Instead of going on with a lot of vague stuff, how about you say what you are thinking? Make some intelligent comments for a change. |
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By: brainerodedbruce@ymail.com
8/07/2009
10:37 am |
Message deleted. |
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By: brainerodedbruce@ymail.com
8/07/2009
10:33 am |
Message deleted. |
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By: brukevlay
8/07/2009
10:26 am Yahoo! Profile:
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Because I'm backing Jason?
He is my "friend."
You are just jealous that I have him now. |
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By: brukevlay
8/07/2009
10:25 am Yahoo! Profile:
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| What do you mean? |
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By: brainerodedbruce@ymail.com
8/07/2009
10:23 am |
Message deleted. |
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By: brukevlay
8/07/2009
10:20 am Yahoo! Profile:
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This May Be The Last Time
By: Theodore Butler
What is this "last time" I refer to? I think we are approaching the final stages of the great silver manipulation. While I can't give you a date, I'd like to review the reasons why I think that's the case. If I'm correct, it means that the days of depressed silver prices will soon be over. It means the price will, at a minimum, reach the true free market price, which is MUCH higher.
Theodore Butler is seen by many as being the world's most authoritative expert on silver.
Still I don't care.
GO JASON!
Flash those Head and Shoulders at him.
$8.00 for silver, here we come. |
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By: brukevlay
8/07/2009
8:29 am Yahoo! Profile:
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China's Doubling Down! China just revealed that it has doubled its gold holdings to 1,054 tons. Yet that still only equals 1.6% of its overall reserves. As China moves out of U.S. Treasuries and into gold, this will help fuel the next leg of the run-up.
Demand Building across the Board: Worldwide demand for gold jumped by $29.7 billion in the first quarter, a 36% bolt, according to the World Gold Council. Demand for gold ETFs (Exchange Traded Funds) rocketed 540%... another trigger for the coming gold boom.
The Paper Dollar's 30% Drop: Since 2001, the U.S. Dollar Index has tanked 30%... while gold has risen 300%. With all the downward pressure on the dollar, and inflation on the way, this trend is about to pick up steam.
U.S. Treasury Dept. Signals $5,468 Gold: Currently, the U.S. government holds about 286.9 million ounces of gold. It has printed about $1.569 trillion worth of paper dollars. If each dollar were backed by gold, that would put the price at $5,468.80 an ounce.
Riding the "Commodity Super Cycle": Jim Rogers expects the Commodity Super Cycle to drive commodity prices higher for another eight years, including gold. And he's stockpiling the yellow metal by the day. Every pullback, says Rogers, is another buying opportunity. Considering he's been dead right on every major trend of the past 40 years, we wouldn't bet against him.
Historic Model Predicts $6,214 Gold: During the last gold bull, the yellow metal ran from $35 an ounce to $850, a 24-fold increase. This bull started with gold at $255.95, meaning that if historic trends hold, the price target would be $6,214 an ounce.
.........................
I don't care about what Jim Rodgers and all the other so called experts say. What I say is..... GO JASON! |
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By: brukevlay
8/07/2009
8:09 am Yahoo! Profile:
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I'm backing my new "friend."
He is NEVER wrong and also says silver is going to USD $8.00 per ounce by 4th. October this year.
GO JASON! |
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By: brukevlay
8/07/2009
7:49 am Yahoo! Profile:
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........Increasingly, some of the biggest foreign lenders to the US Treasury, such as Brazil, China, India, Russia, and Qatar, are grumbling aloud, about the endless string of trillion dollar US budget deficits projected in the years ahead. Lenders are crying foul over the Federal Reserve's radical experiment with "Quantitative Easing" (QE) - the printing vast quantities of US dollars, and monetizing the US-government's debt.
"America, through this financial crisis, is accumulating a huge amount of debt. It's a heavy burden on the US dollar," warned Jassem al-Mannai, chief of the Abu Dhabi based Arab Monetary Fund on June 28th. "You have China and Russia proposing an international reserve currency other than the US-dollar. These developments could affect negatively the dollar, and you cannot just ignore them," he warned.
"We have lent a massive amount of capital to the United States, and of course we are concerned about the security of our assets," warned Chinese PM Wen Jiaboa on March 13th. To speak truthfully, I do indeed have some worries. So I call on the United States to maintain its creditworthiness, and abide by its commitments and insure the security of China's assets. We have already adopted a management policy of diversifying our ($2-trillion) foreign exchange reserves," Wen warned. |
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By: brukevlay
8/07/2009
7:43 am Yahoo! Profile:
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But before you read this, my new "friend" Jason Hardon....No that is not nice....I'll call him by his real name because he is now my "friend."
My new "friend" Jason Hardy who is a renown expert on Head and Shoulder formations, has a different view of the USD. And he will tell you he is ALWAYS right. So please also take notice of Jason Hardy, my new "friend," before you decide who is right.
How Long Can the US-Dollar Defy the Law of Gravity?
By Gary Dorsch, Editor, Global Money Trends
In the midst of the longest and deepest, post World War II recession, America's financial position with the rest of the world has deteriorated sharply. Three decades of massive trade deficits have turned the United States from the world's top lender to the world's largest debtor, and dependent upon the whims of the so-called emerging nations, laden with huge foreign currency reserves, to finance the bailout of Wall Street Oligarchs, and President Barack Obama's social programs.
Foreigners own roughly half of the US-government's publicly traded debt, or $3.47-trillion, representing nearly 25% of the size of the US economy, the highest level in history. If foreign lenders were to significantly reduce their purchases of US-Treasury notes, without even dumping their current holdings, US long-term interest rates could zoom higher, and the US-dollar could crumble.
That would deal a double whammy to the US economy. Higher yields on Treasury debt could translate into higher mortgage borrowing rates for homebuyers, weighing on the housing market, while a weaker US dollar could lift the price of crude oil to above $70 per barrel, inducing an "Oil Shock" to the world economy. This nightmare scenario has been relegated to the den of doomsayers and fear mongrels, yet is starting to become an increasingly realistic proposition.
......Continued. |
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