This page has been archived and commenting is disabled.
Bernanke Has Officially Killed the Dollar
Yesterday,
Bernanke staged a “conference” answering “questions” from “journalists.” It’s
striking that the man with the most power in the world would be handled with
kid gloves. After all, if he’s in charge of directing the world’s reserve
currency, surely he could answer a few hardball questions about his insane
policies.
However,
instead of holding this miscreant accountable for his monetary madness, the
“journalists” let him prattle on with his meaningless drivel.
The markets,
on the other hand, read through his BS. Soon after the conference the US Dollar
collapsed to a three year low.
At this
point, there is only one line of support left for the US Dollar. That’s one
line, standing between us and the abyss of all-time lows: a point at which
there is no support left.
Gold and
Silver also bounced back after having been slammed by various suppression
schemes last week. All those, “the rally is over,” folks got shanked in the
ribs as Gold hit a new all-time high and Silver retraced almost all of its
former losses in a few hours.
In other
words, the great inflationary collapse of the US Dollar is in full effect. Again, there is only one line of support
left for the greenback. If Bernanke was going to do ANYTHING to support the
Dollar, yesterday was the day for him to have done it. Instead, we’re going to
enter a mega-inflationary collapse.
Indeed, at
the current pace we’re going the US Dollar will be collapsing within one month.
This could change, but we’d need
another 2008 type event to pull the US Dollar back from the brink. And judging
from stocks and inflation hedges’ performance today, that ain’t happening.
So if you
are not already preparing for mega-inflation, you need to get moving now.
Because time is running out.
So if you’ve
yet to take steps to prepare your portfolio for the coming inflationary
disaster, our FREE Special Report, The
Inflationary Disaster explains not only why inflation is here now, why the
Fed is powerless to stop it, and three investments that absolutely EXPLODE as a
result of this.
All in all
its 14 pages contain a literal treasure trove of information on how to take
steps to prepare AND profit from what’s to come. And it’s all 100% FREE.
To pick up
your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
Good
Investing!
Graham
Summers
- advertisements -
If this is so, why are you closing all your crisis trades?
maimed but not dead
officially dead??? was it unofficially dead before?? and when will it be buried??
Watching BroadUSD Trade weighted - if period from mid2008 till today is not primary 1 (1-2-3-4-5) wave up and than A-B-C down wave 2 ............. than I do not know wtf it is?
Offer me 14 free pages of porn. That's something useful.
Investing advice in this environment? Ha.
Try looking at a long-term chart. There's more support below 72 ... so we're not at the end of the Earth yet.
The silver/gold overlay is compeltely erroneous.
Blah blah blah 100% FREE SPECIAL REPORT.
Can we please ditch Captain Obvious here? Pretty please?
+14 pages