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The USD Is Tumbling; Near 2 Month Lows

Tyler Durden's picture


Equities have flip-flopped this morning, giving up the new normal opening-squeeze higher gains as USDJPY fades. Bonds are rallying. But it is the USD Index that is the most notable this morning as it tumbles back towards 2-month lows in a hurry... This is the biggest 2-day plunge in 3 months.



Pushing the USD to 2-month lows...



Charts: Bloomberg


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Mon, 06/30/2014 - 11:07 | 4909552 Capitalist
Capitalist's picture

Typical end of the quarter and half year flows. Dump those USDs baby!

Mon, 06/30/2014 - 11:25 | 4909599 Headbanger
Headbanger's picture

Yankee dalla go home!

But c'mon Tylers... It needs to break solidly below 79 or so for some real bad shit to happen:

Mon, 06/30/2014 - 11:37 | 4909650 Soul Glow
Soul Glow's picture

Inflation is good for the economy because Bernanke said so.

Forward, Comrade!

Mon, 06/30/2014 - 12:04 | 4909703 lordylord
lordylord's picture

On its way to ZERO. Not if but when. Expect government sponsored violence to increase exponentially. Be prepared and brave.

Mon, 06/30/2014 - 11:09 | 4909561 LawsofPhysics
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Stawks to the moon!!!!

Oh wait...

Mon, 06/30/2014 - 11:57 | 4909737 PiratePiggy
PiratePiggy's picture

shhhh! don't tell anyone about the new book i am working on -  "Capitalism's from Mars, Central Banking's from Venus"   ;)

Mon, 06/30/2014 - 12:25 | 4909889 CrimsonAvenger
CrimsonAvenger's picture

At the risk of being juvenile, can I suggest that central banking is from Uranus?

Mon, 06/30/2014 - 11:11 | 4909566 NoDebt
NoDebt's picture

How can the dollar be down and US stocks also down?  Unpossible.

Mon, 06/30/2014 - 11:26 | 4909612 CPL
CPL's picture

Because leverage eats itself ass up backwards when the reserve ratio is 1 million to one.  Yes... 1 million dollars for every real dollar in the the bank, then it's packaged like candy and sold to morons under the belief that the rewrapped junk is worth more in newer wrapping.

It works out about the same when a jug of milk goes bad and a person puts it back in the fridge for...let's see...12 years, and expect the milk to somehow 'get better'.  Well, it doesn't.  In this case the decay that leverage usually spins on an asset class suddenly jumps from 1st gear to 4th in the blink of an eye.  Goes from a predictable decay rate, to hyper speed atomization of ALL paper assets.

Including real watch the real estate market, it's about to shit the bed sideways, catch on fire and leave nothing of value behind.  Just like every other historical situation involving Fiat money and poorly managed assets.  That's not even the worst part...that is coming up right after everyone instantly becomes poor as houses.

So if everyone found things shabby today, just wait, it always gets weirder before it gets better.

//got silver, gold, BTC?

Mon, 06/30/2014 - 11:35 | 4909639 LawsofPhysics
LawsofPhysics's picture

The eventual outcome for all fiat.  Collateral?  What's that?  Moral Hazard?  What's that?  According to your central planner, these are barbarious "relics" of the past.


Hedge accordingly.

Mon, 06/30/2014 - 11:48 | 4909688 CPL
CPL's picture

The biggest problem after the French revolution was determining who actually owned something in a currency that no longer existed.  While the law functions, when 9/10th of the law involves personal property ownership, it also means that the Judges then has to act as the economic lynch pin because it was their rulings that determined the value of something.  Even then a Judge in Lyon might have a different valuation of a property than say a Judge in Paris, literally e v e r y t h i n g has to be reassessed from a dead currency to whatever is lying around.

So it's going to get weird, believe me on this.  Keep all titles and deeds on hand.  Gold, silver and BTC.  Seeds, garden, tools.  Hardware, lumber if you've got the storage for it.  Take only with what you can carry and manage in trade.

Mon, 06/30/2014 - 11:52 | 4909711 LawsofPhysics
LawsofPhysics's picture

No shit.  Debtors beware.  Redemption for those who paid off property and other assets (yes, cars, tractors, and boats also have titles).

Get long "security teams" and any means of production.


Mon, 06/30/2014 - 11:53 | 4909720 Tjeff1
Tjeff1's picture

If the $ collapses suddenly the Judges will not have much say.  The judges will be the ones with the guns.  ie uncle Sam.  You will obey or die.

Mon, 06/30/2014 - 12:22 | 4909833 CPL
CPL's picture

What are you going to pay with?  Nothing.  You can't pay anyone.  No money usually means a cop, a fireman, a carpenter, a scientist...doesn't matter who.  Most of their, and your time will be spent probably figuring out how to feed yourself.  Everything around you isn't magic, it's all part of a supply chain system that wraps around the world.

Your grapes travel farther than a CEO on business.  The Beef most people eat is managed in Brazil.  The packs of bacon start in China.  The world economy is now at the point if one all goes down in a heap.  Not the same day mind you.  But it will introduce new challenges to people unused to physical labour.

There is no obey or die.  It's adapt or die.  The strongest are always killed outright first.  Always.  Only the tenacious survive any situation of change.  Societies can only afford strength when then have something to buy it with.  For the other 99.99999% in any human experience, tenacious/adaptable > strong.

Mon, 06/30/2014 - 14:30 | 4910550 hobopants
hobopants's picture

Preach it brother! Although I think the infastructure to facilitate a transition to fascism has already been built, I have my doubts they can pull it off, I'm voting for some serious chaos, then god knows what... Possibly different states doing their own thing?.

Mon, 06/30/2014 - 11:34 | 4909640 crazybob369
crazybob369's picture

Better question: how can the dollar be down and gold be down as well? Isn't gold priced in dollars?

Mon, 06/30/2014 - 11:39 | 4909655 SheepDog-One
SheepDog-One's picture

220, 221.....whatever it takes!

Mon, 06/30/2014 - 11:50 | 4909696 CPL
CPL's picture

Until people stop taking dollars, which is all ready the case for labour and resource countries world wide for the past seven years slowly.  Like a lobster in a pot, it's cooked alive until it's done.

Mon, 06/30/2014 - 11:56 | 4909735 Soul Glow
Soul Glow's picture

And people being the PBoC.

Mon, 06/30/2014 - 12:23 | 4909880 CPL
CPL's picture

They are going to get hosed as well.  Fiat never lasts.  Not even Chinese fiat currency.

Mon, 06/30/2014 - 12:27 | 4909898 Mr. Magoo
Mr. Magoo's picture

Time to BTFD. Only if you are paul krugman

Mon, 06/30/2014 - 11:18 | 4909577 slaughterer
slaughterer's picture

Smart money is shorting the dollar and flattening their equity exposure today.  Low volume ramp  delayed until later this week.  Ramp will be triggered by one last USD/JPY firework. 

Mon, 06/30/2014 - 11:18 | 4909584 toros
toros's picture

Sell gold - the real stuff not that paper crap.

Mon, 06/30/2014 - 11:58 | 4909747 nope-1004
nope-1004's picture

Every savvy investor, like Buffet, agrees with you and knows that the real thing is a useless investment.  Munger called gold bugs "jerks".  Bernanke "doesn't begin to understand the gold market".

So any knowledgeable person knows not to invest in anything with 4,000 years of history being a tangible, real form of money.  Buy the ETF's... they are rock solid.

Even Nostradamus recommended doing so:

Nostradamus: (Cent. 8 Quat. 28)

Les simulacres d'or & argent enflez,
Qu'apres le rapt au lac furent gettez
Au desouvert estaincts tous & troublez.
Au marbre script prescript intergetez.

Translates as:

The copies of gold and silver inflated,
which after the theft were thrown into the lake,
at the discovery that all is exhausted and dissipated by the debt.
All scripts and bonds will be wiped out.

Mon, 06/30/2014 - 12:29 | 4909909 BobTheSlob
BobTheSlob's picture

"Buy the ETF's... they are rock solid."....not that's a gem right there. SLV alone is owed around $7mill in bullion but is bulking up on shorts at the moment.

Mon, 06/30/2014 - 11:21 | 4909594 FreeBull
FreeBull's picture

I dedicate this song to the U.S. Dollar

Metallica's One

Mon, 06/30/2014 - 11:22 | 4909603 Hulk
Hulk's picture

Actually, its at a 100 year low, but thats another thing entirely...

Mon, 06/30/2014 - 11:31 | 4909623 CPL
CPL's picture

That's the thing with fiat, it never holds it's value over the term.  Know the nursery ryhme about humpity dumpity?

Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall; All the king's horses and all the king's men Couldn't put Humpty together again.
That's the history of fiat in a a poem.  It never gets fixed because it's mathmatically impossible to ever fix it because it's not built to be fixed.  Just used until it can't be anymore
Mon, 06/30/2014 - 11:53 | 4909719 Soul Glow
Soul Glow's picture

Compund interest, bitchez.

Mon, 06/30/2014 - 12:11 | 4909829 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Or, compound interest is a bitch.

Mon, 06/30/2014 - 13:55 | 4910089 Hulk
Hulk's picture

Bottom line : Keep stackin Bitchez !!!, we are sitting on the greatest short squeeze in history...

Mon, 06/30/2014 - 12:43 | 4909982 Kprime
Kprime's picture

Fiat, the original product with built in obsolescence.

Prior to governments mankind built products intended to last for generations. Go back far enough to the time when the concept of governments was new and you got products designed to last forever, pyramids.  The farther forward you go the shorter the life span of all real assets, until you reach a point where government throws out, regulates against, and bans products that last anytime at all.  You get USA, FRN, IRS, EPA, NSA, SEC, EBT, and fuck you America.  Rental slaves at every level.

Mon, 06/30/2014 - 11:24 | 4909606 Quinvarius
Quinvarius's picture

Got to get that GDP up.

Mon, 06/30/2014 - 11:32 | 4909633 CPL
CPL's picture

Your wish is granted: hyper-inflation it is. (because that's how you get GDP up)

Mon, 06/30/2014 - 11:29 | 4909617 Jayda1850
Jayda1850's picture

One of these days, the world is gonna say to the central bankers the same thing Rep. Ryan said to the head of the IRS, "I don't believe you." When the CONfidence game starts loosing confidence, the unravel will be quicker and more ferocious than any of us can imagine.

Mon, 06/30/2014 - 11:42 | 4909670 CPL
CPL's picture

Junkies looking for a fix; there are going to be severe with drawl pains, a tonne of denial and more than likely lots of outbursts until the poison is vetted from their systems.  Most won't make it without some type of substitute to get everyone back on track.  Hence; gold, silver and bitcoins.

So don't worry about it, this situation 'fixes' itself.  The head of the IRS won't be able to feed his grandkids or help their own kids, by the rope he helped weave.  The weirdest thing; they are all like idiot savants.  They know the math is unsustainable, but they do it anyways.  Just like junkies ignore their responsibilities in life and it catches up.  So will all of this...all 120 years in the blink of an eye.

Funny thing is the people that practice community efforts, are frugal, hardworking, honest and generally decent people won't be effected to much because they've controlled themselves by picking the mellow life.


Mon, 06/30/2014 - 12:32 | 4909927 BobTheSlob
BobTheSlob's picture

Make up your can't have it both ways. Either the head of the IRS won't be able to feed his grandkids or Bitcoin will be worth something. You can't have both.

Mon, 06/30/2014 - 14:40 | 4910588 CPL
CPL's picture

Most people can't sew a button on a shirt in the western world and no one seems to understand how to haggle.  That's how dumb and lazy everyone has become. They have ZERO life skills to accomplish much of anything unless someone drafts a statement of work and holds their dick while they piss.  Because even the head of the IRS, is worthless in that situation unless they actually know how to do business.  Examining the current market situation everywhere, it is doubtful any of the silver spoon set has a clue what the fuck they are doing. 

Here's the scary part, they 'control' it and they still can't do shit about their own system.  I'll restate my position as I have before.  I just need to wait.  Don't need to lift a finger because look who is in charge of it all.  Nor do any of them need to be saved, because they are obviously not adaptable enough to make a decision to be honest about what's happening.  This situation has ZERO to do with the technical aspects of currency, this is a management issue top to bottom.

As an engineer, I get paid to fix technical issues.  When I am hired by a client to fix something it requires an actual technical task to fix and an idea to develop.  When I walk into an organization and they have technology coming out their nose and nearly unlimited funds to procure technology solutions, it is meaningless if it's not managed.

Right now this is a management issue, not technical.  More specifically too many greedy pigs on top (fit for slaughter), no middle and a bottom that is walking away.  They will hang themselves and their own families because they were greedy, dumb, cowards with zero ability and accountability to hedge accordingly in the PLANNED event of collapse. 

See, this is all planned, every inch of it.  This is what 'well managed' looks like and this is as good as it will ever get for anyone in this system.  The reward for working in this fiat system is nothing.  Zero.  Because that's how the math works with Fiat always.  There is no option b-c-d-e, the only option left is "bust!" or hang from quickly built gallows (maybe even a head on a pike or three).  120 years and nothing to show for it but enemies of their own cousins in every corner of the planet.

That's the situation.  You might want to get a diaper on because what comes next...I can promise you will shit your pants.  Just like every other time in history that fiat is used.  This is literally just the tip of the iceberg.

//The currency in any situation btw is only a receipt that a transaction happened and every one is happy with the deal.  The trouble begins when 7.2 billion people aren't sure what anything is worth anymore.

Mon, 06/30/2014 - 11:35 | 4909641 J Pancreas
J Pancreas's picture

"Noise" - Old Mister Yeller

Mon, 06/30/2014 - 11:36 | 4909644 Tjeff1
Tjeff1's picture

What not able to export our inflation?  The horror.

Mon, 06/30/2014 - 11:40 | 4909647 SheepDog-One
SheepDog-One's picture

The U.S. LOLlar? Who cares if the value of it is tumbling, as long as we've got hope and promise many more of them will be imagined up out of thin air?

Mon, 06/30/2014 - 12:43 | 4909996 Chuck Knoblauch
Chuck Knoblauch's picture

Each backed by a lunatic waiting for orders to turn a key and push a button.

Force is the only tool in the Pentagon's woodshed.

When force fails, they will surrender you to the enemy.

They've got deals cut protecting their asses.

Mon, 06/30/2014 - 11:37 | 4909648 PaperWillBurn
PaperWillBurn's picture

While Bitcoin spikes

Mon, 06/30/2014 - 11:54 | 4909724 ghostzapper
ghostzapper's picture

Feels like I'm repeating myslef but what the hell:  if one were to analyze a weekly, logarithmic chart this thing looks pretty damn good no check that it likes like it potentially is setting up for a major move higher.  Last two times I chimed in were 440ish and 530-560 and though it wouldn't get below 540 it did pop from both of those buy zones. 

Mon, 06/30/2014 - 12:04 | 4909778 PaperWillBurn
PaperWillBurn's picture

Agreed. I chimed in around $40 and was laughed at..funny, because we're going over $40k.

Mon, 06/30/2014 - 12:13 | 4909839 ghostzapper
ghostzapper's picture

Grabbed my first batch under $200 frankly to expose myself and see what would happen.  been moving in more here and there with bigger positions.  Your number is low.

Mon, 06/30/2014 - 18:08 | 4911569 TheSecondLaw
TheSecondLaw's picture

Came on board at $45, 80 and 100.  All my friends, except one, thought I had finally lost my marbles.  Sold all at $950, and then rebought at $450. Now I wait.

Mon, 06/30/2014 - 11:41 | 4909669 Tjeff1
Tjeff1's picture

Could it be the Saudis are ready to abandon the Petro dollar?

Mon, 06/30/2014 - 11:48 | 4909690 PaperWillBurn
PaperWillBurn's picture

Seems like the entire world is ready to abandon the $.


Just gave hellfires to Shiite PM in Iraq. Saudi / Qatar won't be happy.


Russia appears to be winning in the chess match..they've been dumping. China cutting deals with everyone and anyone to trade outside U.S.



Only a matter of time before central banks say fuck it and start bidding for gold with USD.

Mon, 06/30/2014 - 11:52 | 4909710 SheepDog-One
SheepDog-One's picture

I just mentioned this stuff to my parents yesterday morning who believe the U.S. LOLlar is teflon coated and will always just go on forever, I brought up that other major nations are now signing deals to bypass the LOLlar and trade in other currencies.....they just looked at me like I must be crazy.

Mon, 06/30/2014 - 12:02 | 4909767 nope-1004
nope-1004's picture

Same.  My sister actually thinks some cult got a hold of me and is "steering" me into some strange beliefs.  I just SFTU now and don't bother.  I don't really care what happens to them anymore.


Mon, 06/30/2014 - 14:16 | 4910453 Jayda1850
Jayda1850's picture

I, among many ZHer's, greatly look forward to the family and friend interventions. The more the merrier, I will continue to state my obvious case, with even more obvious evidence becoming available on a daily basis. The more blantant TPTB become, the more my "conspiracies" become, not just plausible, but more likely. The sheep's egoes are starting to get bruised.

Mon, 06/30/2014 - 11:52 | 4909706 aminorex
aminorex's picture

No, it means the Obama administration has decided to abandon the petrodollar, tank the dollar to prop up nominal risk assets prices.

Mon, 06/30/2014 - 11:54 | 4909721 SheepDog-One
SheepDog-One's picture

The stammering wormburning Ogolfer didn't decide shit, it's been in the works for decades.

Mon, 06/30/2014 - 11:52 | 4909709 LostandFound
LostandFound's picture

Well a single currency talk for the GCC nations hit the mainstream over here in the Gulf yesterday. Currently 5 out of the 6 nations have there currency pegged against US dollars (Saudi one of them)

Mon, 06/30/2014 - 12:06 | 4909779 Tjeff1
Tjeff1's picture

exactly... End is in site:

expect the dollar to be dropped concurrently with the adoption for all oil transactions.

Bye Bye petro dollar

Mon, 06/30/2014 - 12:26 | 4909897 Tjeff1
Tjeff1's picture

More specifically they are being presssed to stop funding the US thru the petro dollar (So when does the threats in their back yard become greater then the so called "protection from the US" with the US military might dwindling and lack of gusto as evidenced in Syria and Ukraine, I would say they will turn tail soon:


A 14 June statement by Iran's President Hassan Rouhani, in which he said a joint military act in Iraq with Washington to counter ISIL's offensives is being weighed, was overturned nine days later by the country's Supreme Leader Ayatollah Ali Khomeini. He warned against US intervention in war-torn Iraq.

"The situation is dynamic and is evolving quickly," said al-Shayji who described a rapprochement between the US and Iran over Iraq's crisis as a "dismay to the GCC."

The Islamic republic, along with Iraq's government, accuse Saudi Arabia and Qatar of financing armed fighters in their war against Bashar Al-Assad and Nouri Al-Maliki, while Kuwaiti citizens have reportedly been accused of doing the same.

"I advise Muslim countries that support the terrorists with their petrodollars to stop," Rouhani was quoted as saying by the website of Iran-run broadcaster on 14 June. "Tomorrow you will be targeted by these savage terrorists. Wash your hands of the killing of Muslims," he said, without naming the countries. Previous accusations levelled against the Sunni monarchies were more frank.


Mon, 06/30/2014 - 11:53 | 4909714 CPL
CPL's picture

No choice now.  They jump or crash on the train with everything they think they own.

Mon, 06/30/2014 - 11:54 | 4909722 Herdee
Herdee's picture

When the percentage of world trade done in U.S. Dollars approaches 50% it indicates a lack of trust and confidence in the Reserve Currency.It's like old England.Same thing now with the U.S.,dead beat broke after a number of wars.No money for Detroit or 30 other bankrupt cities,but lots of money to support hundreds of military bases worldwide to be the world's policeman.She's all collapsing like the old Roman Empire because nobody has any faith and confidence in Washington's politicians.They all appear to the world powers as being utter morons.Just look at the picture of John McCain who had his picture taken with a gang of ISIS thugs trained in Jordan by the CIA.Not a smart brain cell left in that old alcoholic greaseball.

Mon, 06/30/2014 - 11:58 | 4909741 Duffy
Duffy's picture

While I think rumors of the dollar's death are premature, it's clearly on the far right side of the curve in terms of its life expectancy...

Apart from physical gold, silver, and lead - are any ZHers buying rubles? I sort of doubt it...

But what about buying into yuan - nothing crazy, just a little here and there...I presume the yuan will strengthen relative to the dollar, because even though China has deep problems, it also has a manufacturing base, and nothing like our debt/entitlements bubble... although I'm not sure if their real estate bubble is worse and/or if they have anything like the derivatives bubble we have, which is always overstated, the exposure amount is nothing at all like what would be ever paid... but it's still bad idea jeans to have killed glass steagall and let the unregulated fuckery of swaps, etc. grow so far beyond sensible limits.


so Yuan???

Mon, 06/30/2014 - 12:02 | 4909766 xPat
xPat's picture

NeaR "two month lows", eh?

Given the 79.055 low on May 8, DX has retraced only a little more than half of its rise from that print and subsequent top on June 5 at 81.17.

Gee, ZeroHedge is about on par with BLS in terms of factual accuracy of reported data. Go figure.

Mon, 06/30/2014 - 12:13 | 4909840 Tjeff1
Tjeff1's picture

Oh come on... its all manipulated falling fiat anyways.

Mon, 06/30/2014 - 12:09 | 4909810 Chuck Knoblauch
Chuck Knoblauch's picture







Mon, 06/30/2014 - 12:13 | 4909838 orangegeek
orangegeek's picture

USD getting pounded by euro and SF


euro holds the bulk of the inverse weighting - USD and Euro are retracing

Mon, 06/30/2014 - 12:38 | 4909958 q99x2
q99x2's picture

Time to stock up on rice, beans, protein powder and canned (home grown jarred) goods.

Shit I better buy my ticket back to LA.

Mon, 06/30/2014 - 12:43 | 4909981 Yen Cross
Yen Cross's picture

   The banks better get to work revising those Q-3 early estimates. Gas Prices Swell To 6-Year High | Conservative Byte

Mon, 06/30/2014 - 12:59 | 4910082 Kprime
Kprime's picture

Inflation of 10% is 5 times better than 2%.  Fibonacci taught us that 5X2 =10.  thats why $150 per hour labor would be 10 times better than 15.  Since dollars are printable we should increase everything by a factor of 10 this year, then by a factor of 100 by 2020, 1000 by we are going to be rich rich rich.

Mon, 06/30/2014 - 13:38 | 4910281 TeethVillage88s
TeethVillage88s's picture

After Detroit Riots in the 1960s

-You had Capital Flight
-White Flight as Home Owners moved out of the Metro Area
-Loss of Detroit Tax Base
-Change in Detroit Politics at some point
-A Giant Sucking Sound to the North & maybe South

But this had happened to the Whole US Economy after NAFTA, Globalism, Asian Economic Booms, Outsourcing, Off-Shoring, and Foriegn Corporate Tax Havens.

Since China makes Derivatives Illegal and is buying up Detroit Properties - all of this is not lost on them.

-USA is losing Corporations to offshore Tax havens
-US Social Programs often show Exponential Growth
-US Federal Spending Grew Exponentially after 9-11
-M1 Money Supply has grown Exponentially
-US Derivatives have grown Exponentially
-Fed Balance Sheet Grew Exponentially to $4 Trillion
-Federal Transfers, Unemployment, SNAP, SS, Medicare/Medicaid, Veteran Benefits, Federal Student Loans all have grown exponentially since 2008
-Pension Benefit Guarantee Corporation is in deficit spending since exponential spending
-Probably most Pensions are underfunded or perhaps just the big ones
-Since Corporations are leaving the US Tax Jurisdiction that only leaves Individuals to pay US Taxes
-US Creditors overseas are asking for conservative solutions to US Debt, Spending, & Interest Rate Policies according to analyst that believe we may see a "Currency Reset"
-Currency Fixing, Gold & Silver Fixing, LIBOR Fixing, ISBFix, other fixing, fraud & Accounting Control Fraud are felt in foreign countries that need to raise capital and those that would loan capital

1)-That "Giant Sucking SOUND" is no longer Detroit.

2)-The USA has not properly stewarded the "World's Reserve Currency"

3)-The USA DEMOLISHED it's Financial Reputation in 2008 and the following years when it did not "Root Out" corruption and put simple solutions in place like Glass-Steagal Act

4)-Foreign Pressure may be the only thing to bring down the Federal Reserve, Wall Street, US Lobbyist, US Think Tanks & War Mongers, and the empire builders in MIC, Banking Industrial Complex, and the US Protection Racket in exchange for Oil & Development Assistance

5)-We live in a country of Zombies who think ZIRP & QE might actually help Jobs & Wage Increases when the Fed only works to "Keep the Game Going", Politicians only work to "Keep the Game Going", and Money is the "Only Thing That Gets Respect in Washington DC"

6)-Where are we Headed? Zero Tax for Corporations. Bail-Ins. Higher Taxes locally & at federal level. Lower Standard of Living. More People living in small apartments & houses. The End of the Retirement Dream for generations. Probably devaluation of currency or new currency. Stricter Controls over Credit & Bankruptcy. People will dress poorly and live in small shabby apartments or mobile homes

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