Skip to comments.And So It Begins (Dollar Warnings)
Posted on 10/23/2009 2:10:08 PM PDT by blam
And So It Begins (Dollar Warnings)
Friday, October 23. 2009
Posted by Karl Denninger in Monetary at 08:47
I have been on a potential dollar dislocation - or collapse - for more than two years. Indeed, back in the fall of 2007, it was one of the themes of petitions to Congress and letters I sent under personal cover to all 535 members.
The debt liquidation cycle of 2008/early-09 appeared to stop the deterioration. Unfortunately that cycle was interrupted - intentionally - by enabling a continuing pattern of lies and fraud within our government.
This has reversed all of the gains that the dollar had made last fall and winter, despite the stock market and other asset prices being materially lower - by a lot - than when those warnings were issued.
Treasury is always "for a strong dollar" in word, but their view when it comes to deeds is another matter. This is most unfortunate, as this, like Treasury's and The Fed's view when it comes to sweeping trouble under the rug and lying about asset quality has been proved wrong through time not only here in America but worldwide.
(Excerpt) Read more at market-ticker.denninger.net ...
The alphabets will start promoting the idea that a weaker dollar is part of the recovery package.
Just more evidence of the O’s genius.
The whores are so-o-o predictable.
Thats a good article.I trade every day. Volatility has re-entered the market. Everyone is selling the good news.
And me. I am buying at the bottom.Let her rip.Silver and Gold Mine stock, after they find thir new levels of down.