The US Dollar is MAJOR Trouble

Phoenix Capital Research's picture

Earlier
today I wrote a piece forecasting the end of the Euro. At that time, I speculated
that the Euro would be broken up within the next year.

 

Then I
looked at the US Dollar’s chart.

 

I've said
before that the US Dollar was in BIG trouble... but as of tonight, it's on
DEFCON 1 RED ALERT TROUBLE.

 

As the below
chart shows, the greenback needs to rally and rally hard if we’re not going to
head into a SERIOUS collapse shortly.

 

 

What you're
looking at is the US Dollar right on its multi-year trendline. If we take this
out now, then we are heading into an inflationary death spiral in very short
order.

 

Indeed, once
we take out this line, we're just a few ticks away from triggering the MASSIVE
Head and Shoulders pattern the greenback has formed over the last 20 years.

 

 

In case
you're wondering, this pattern has an ultimate target of 40... a full 50% lower
than where the US Dollar is today.

 

We're
talking about hyper-inflation on an order that would make Weimar Germany proud.
And if we break the green line above, we're THAT much closer to this becoming a
reality.

 

In plain
terms, the end game is fast approaching if not already here. I've long thought
the US Dollar had one last rally in it, but looking at the charts tonight I
could very likely be wrong.

 

Indeed,
inflation is already exploding worldwide, which means paper money in general is
going to be worth less and less on its way to worthless.

 

If you think
the US is immune to this situation, you're in for a very RUDE surprise in the
coming months. Indeed, the Fed’s Hoenic just announced there might even be QE 3…
and he’s supposed to be one of the Fed HAWKS!  

 

The writing
on the wall is clear: the Fed will stop at nothing to destroy the US Dollar in
order to prop up the Big Banks. The 308 million of us who don’t work on Wall
Street are all going to be thrown under the bus. Don’t let it happen. Take
steps now to prepare yourself for what’s to come.

 

Good
Investing!

 

Graham
Summers

 

PS. If
you’ve yet to take steps to prepare your portfolio for the coming inflationary disaster,
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All in all
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