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Conspiracies & Cover-ups
Money, Banking and the Fed
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<blockquote data-quote="CaryP" data-source="post: 7380" data-attributes="member: 34"><p><strong>Money, Banking and the Fed</strong></p><p></p><p></p><p></p><p>Yes, when the euro first came out it was on "parity" with the dollar in a 1 for 1 exchange. It dropped from there to about .75 euros to the dollar if memory serves. Now the euro is kicking the dollar's ass in the FOREX market. Our deficit is much larger than $1 Trillion. It's unfathomable. It's REAL BAD. The dollar is extremely oversold in the short-term. The bearish sentiment on the dollar is at all time extremes. This means we should get a bounce in the dollar. After a multi-week to multi-month bounce the selling should resume hard to the downside. The alternative scenario is for the dollar to just crash now. If that's the case, kiss you ass goodbye, 'cause life as we know has been over. </p><p> </p><p>In order for "us" to convert our entire national debt (now approaching $8 Trillion on a cash basis, and $50+ Trillion on an accrual basis) to euros would just drive a stake in the dollar and cause an instant global depression of the worst magnitude known to mankind in the history of the world. This ain't no fun and games Uni. This is real serious "shite" as the Brits say. As much as I know that the dollar is overvalued, I hope we get a slow motion crash for the next couple of years, 'cause I'm not nearly prepared enough. A sudden catastrophic dollar crash over the next few months would be BAD in the worst sense of the word. Sure, if you're on the right side of the trade, you could make some paper profits, but how would you cash in on them? Cash in for what? If the dollar turns into something like the Zimbabwe currency, we'll be using $1 bills for toilet paper because they'll be cheaper that a single sheet of toilet paper. No joke, no kidding. That's what's going on in Zimbabwe. People are using the paper currency as toilet paper 'cause it's cheaper than the sheets on a roll of toilet paper. I don't wish that on America. But a serious day of reckoning is coming, and it will catch most people off guard. I know I sound like the crazy man screaming in the desert, but the facts are there. The economic forces which have proven themselves throughout history are there. We got some hard times ahead of us. When is the question, not if. </p><p> </p><p>Cary</p></blockquote><p></p>
[QUOTE="CaryP, post: 7380, member: 34"] [b]Money, Banking and the Fed[/b] Yes, when the euro first came out it was on "parity" with the dollar in a 1 for 1 exchange. It dropped from there to about .75 euros to the dollar if memory serves. Now the euro is kicking the dollar's ass in the FOREX market. Our deficit is much larger than $1 Trillion. It's unfathomable. It's REAL BAD. The dollar is extremely oversold in the short-term. The bearish sentiment on the dollar is at all time extremes. This means we should get a bounce in the dollar. After a multi-week to multi-month bounce the selling should resume hard to the downside. The alternative scenario is for the dollar to just crash now. If that's the case, kiss you ass goodbye, 'cause life as we know has been over. In order for "us" to convert our entire national debt (now approaching $8 Trillion on a cash basis, and $50+ Trillion on an accrual basis) to euros would just drive a stake in the dollar and cause an instant global depression of the worst magnitude known to mankind in the history of the world. This ain't no fun and games Uni. This is real serious "shite" as the Brits say. As much as I know that the dollar is overvalued, I hope we get a slow motion crash for the next couple of years, 'cause I'm not nearly prepared enough. A sudden catastrophic dollar crash over the next few months would be BAD in the worst sense of the word. Sure, if you're on the right side of the trade, you could make some paper profits, but how would you cash in on them? Cash in for what? If the dollar turns into something like the Zimbabwe currency, we'll be using $1 bills for toilet paper because they'll be cheaper that a single sheet of toilet paper. No joke, no kidding. That's what's going on in Zimbabwe. People are using the paper currency as toilet paper 'cause it's cheaper than the sheets on a roll of toilet paper. I don't wish that on America. But a serious day of reckoning is coming, and it will catch most people off guard. I know I sound like the crazy man screaming in the desert, but the facts are there. The economic forces which have proven themselves throughout history are there. We got some hard times ahead of us. When is the question, not if. Cary [/QUOTE]
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