...Bob Brinker doesn’t think so, for what it’s worth.
Aren’t they spending like drunken Obamites over there too? Question is, who is going to win the race?
A bet on the dollar is a bet on Obama.
Right now he is still fairly popular. Watch what happens to the dollar if he becomes unpopular.
Wait a minute......are you saying that if I owe a whole bunch of money, that I can’t pay back, borrowing more won’t help? I’ll be darned. I didn’t know that.
“Beginning” its decline????
Is the Pope Catholic?
Was the Prophet Mohammad a child molester?
Is Obama a sneaky little bitch?
.....Yes, Yes, Yes and Yes. Of course the dollar is declining.
By removing all those dollars from the pool, you'll make the remaining dollars more valuable.
If this doesn't bring up the value enough, then just print another few trillion and burn them.
Well, here’s a chart. The dollar did fairly well for a while, because other countries were having even worse economic problems. But Obama has been spending money like there’s no tomorrow, so that will probably shift.
Peter Grandich, who has a pretty good forecast record, has come out recently with a VERY BEARISH report on the dollar. I can’t link to it here, but here’s an earlier report of his:
Almost time to max out the credit cards ;)
I’d like to know why the stock market is doing so well.. suspicious.
The dollar has been falling occasionally without much interruption since 1973. But it isn't going to zero. The financial crisis consisted (and consists) in an epic crowd of credulous fools all betting that it would at once, all being wrong.
If the dollar in the future were going to be worth zero, borrowing dollars to buy any real asset in existence would be an automatic win. Everybody tried that, and they can't pay back the dollars, because those dollars are not worth zero, but oh about 3-4 times as much as the reckless bettors expected (in oil, in houses, in every industrial commodity you can name...).
Central banks that tighten enough to break bubbles even if it wipes out $10 trillion in wealth do not see repudiation of their currencies. It is all reckless slander and always was. Stop regurgitating it, already.
All the metals were up today, energy was up, the Euro and the Sterling were both up. So maybe.
It may have. I’ve bet on the dollar’s demise personally.
Of course, it may go back and forth over the next couple of years, but the trajectory is down. Below 80, I’d get out completely.
Inflation is dead, kid. D E A D.
They’ve been searching for inflation since 1989 in Japan...can’t find it.
Won’t find it here for years, either. Maybe longer.
You’ll see lots of people continuously promising you that “it’s just around the corner.”
Inflation isn’t even close.
Just looking for people who might have an insight as to whether gold / silver or (?) is the best investment to fight inflation.
I worry about Gold because if the Government tries to seize it like they did in the past we are screwed. Silver or (?).
I have to invest somewhere and I don’t want to invest what little I do have in the stock market.
gold over 920 ... silver over 14.25 ... see my profile page for current spot prices