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Wednesday, October 13, 2010

What is there to say about these markets? It cuts through resistance like it isn't even there. Bear patterns have no respect. The market keeps going up because the dollar keeps falling. This is 100% manipulation.

This country does not want to see a rising dollar. Nations are having currency battles to devalue their fiat money.

There will be no way of getting out of this inflationary spiral once the dollar has fallen enough. The bond market has been a bull-market for 30 years. But it will go down in flames because of inflation; bonds are only valuable in deflationary environments.

If the World switches to a new reserve currency that will be hell for the American people. Our money will become worthless. Imagine buying bubble gum for $200...China will dump their holdings of US treasuries and the world will follow and by then Americans will be left to finance their own debt. The only thing preventing this from happening right now is the fact that all nations are devaluing their currencies. Which currency will be more valuable than the dollar?

-DO NOT short the market and DO NOT short Gold. They are due for pullbacks but there is no telling when or if they ever will.

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