Schiff again nails it. But he's no genius - all of this is just so obvious.
Ron Paul gets it too.
October 17, 2007
HP'er Peter Schiff on the housing crash and dollar collapse
Posted by
blogger
at
10/17/2007
10
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Labels: housing crash, peter schiff, us dollar collapse
September 24, 2007
Good article on why you need to be invested in foreign stocks as the US dollar collapses
I'll call this highlight from the Motley Fool article the donut example. Pretty easy to understand. If you haven't moved your holdings out of US$, better hurry. It's getting ugly and it's only gonna get worse (thank you Ben Bernanke you fu*king traitor idiot)
For example, U.S.-based investors in Canadian doughnut slinger Tim Hortons (NYSE: THI) have profited mightily over the past year as the greenback swooned against the loonie. And guess what? With U.S. interest rates declining, chances are that the dollar will continue to be weak.
The difference is dramatic: U.S. shareholders have seen Tim Hortons rise from US$25.15 to its current price of US$34.14. Canadian investors have seen the price go from CAD$28.00 to CAD$34.59.
In Canada, Tim Hortons shareholders have gained 24%. For U.S-based investors it was 36%. The difference? The dollar's slide.
Now, I'm not saying that the dollar will continue to go down. What I am saying is that investors who diversify away from their home currency do themselves a huge favor by looking overseas for investments. I'm also saying that a lower interest rate environment in the United States suggests that the trend isn't changing.
Posted by
blogger
at
9/24/2007
14
comments
Labels: bernanke is a traitor, fed panic, stupid fed policy, trade imbalance, us dollar collapse, yum donuts
September 20, 2007
Moved your assets out of US Dollar holdings yet? Better hurry. Saudis and China in dollar panic, watch the dominos now fall...
"It can't happen here" they said.
Wanna bet?
This is gonna get really real really quick. Get ready. Thank you Ben Bernanke. You just f*cked America.
Fears of dollar collapse as Saudis take fright
Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.
China threatens 'nuclear option' of dollar sales
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Posted by
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9/20/2007
73
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Labels: stupid fed policy, us dollar collapse