September 26, 2007

One week into a historic dollar implosion, not one peep from this administration about protecting the dollar and reassuring foreign reserve holders


In other words, they're just getting started.


The dollar death spiral is firmly underway...

Thank you REIC!

15 comments:

Anonymous said...

It was the plan all along, welcome to AmeriKa where we use the AMERO as the currency, and where the Constitution is SO LAST CENTURY....

Problem-->reaction-->solution

Works all the time.

amigauser said...

The administration does not need to protect the value of the Dollar, the Japanese will do it for them.

The fact that gold bugs are lining up to try and scare you into buying that relic, should be a sign that it is time to buy the Dollar.

Anonymous said...

Since when does the president control the value of the dollar?

Mammoth said...

"One week into a historic dollar implosion, not one peep from this administration about protecting the dollar and reassuring foreign reserve holders"
-----------------
Here in Boeing - country, we have a term for this:

"Controlled flight into terrain."
Get it?

Michael said...

Social Security shortfalls.... Medicare problems... debt troubles....

What can we do?....

Wait...let's just makes those debts worth pennies!

Perfect solution!

>vomits<

decaffeinated said...

Here's a fine legacy bequeathed to us by Skippy McDumbass and his best pal Easy Al (buy an ARM) Greenspan:

Chart of 25 years of the USD index

Thanks Skippy. Thanks Al.

king pin said...

This deal to drop the dollar was sealed months ago Keith. For now, the central banks are keeping the dollar index above 78, and eventually (by '09), it will fall to 70.

Anonymous said...

>> Since when does the president control the value of the dollar?

Since all he (or Bernanke) has to do is get on TV in the evening and say "The dollar sucks!" and the markets will crash the following morning.

It's absolutely incredible to me that we have to live under a financial system where *one* key person can utter *one* sentence and bring everything crashing down.

This is just great - our country's entire financial system is teetering on the edge of an abyss, just waiting for one little thing to push it over...

Anonymous said...

buy more gold!! they won't RAISE rates any year soon....

Anonymous said...

The fact that gold bugs are lining up to try and scare you into buying that relic, should be a sign that it is time to buy the Dollar.

September 26, 2007 11:54 AM



AAAAAAAHAHAHHAHA

Ya right. Go buy a condo on the inner coastal and some WaMu stock while you're at it pal!

area 51 said...

I know all the goldbugs and Amateur Investors here like to believe they are smarter than Fed members, but even your "Hike Hero", "Inflation Harpie", Plosser concedes that a rate cut was the right thing to do.

http://tinyurl.com/2wcjp7

Anonymous said...

Gold bugs are like Ron Paul supporters. Pretty much ready for the loonie bin.

Anonymous said...

Gold bugs believe in the one physical asset that's been respected as a store of value by humanity the world over for more than 5,000 years.

People who see a big future for wood pulp printed with portraits of dead presidents are nuts.

Every fiat currency eventually goes to zero.

Gold holds its value. And it will continue to hold value. Long after today's stucco crapboxes rot into the ground.

RayNLA said...

Keith,

Again, this is part of a master plan man.

Kill the Dollar.

Bring on the Amero!

Canada and Mexico welcome to the North American Union.

Americans Please be nice to the Mexicans from now on.

RayNLA

Anonymous said...

almos breaking even on a twenty year hold of gold and should expect some profit???????????