I hoping that something’s going to change soon.
When I read articles about the end of the dollar, it seems like hype. I have been following the dollar for over a year, reading both sides of the argument. The Dollar has broken through new lows when it should be strengthening. The current state of our economy is dire and is artificially propped up by the Fed and the Treasury.
When a Federal Reserve Bank President makes statements like the one below, we are in real trouble.
The United States is on a fiscal path towards insolvency and policymakers are at a "tipping point," a Federal Reserve official said on Tuesday.
"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when," Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt.
I cannot emphasize this enough: This moment will be looked upon as the turning point in the dollar. From here on out, it’s all monetization, all the way to the end
When QE2 stops in June, watch out.
We know that the Government measure of inflation (excluding food and energy) is BS. The real inflation rate is not 2.11% (February 2011). The real inflation rate that we face is about 10% and headed much higher. Unless you can eat your iPads…
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Has Goldman Sachs left the country yet? I think they are done.
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