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Strategies & Market Trends : The coming US dollar crisis

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To: IngotWeTrust who wrote (11580)9/22/2008 1:14:30 PM
From: Real Man1 Recommendation  Read Replies (2) of 71412
 
No, I expect it to end sooner. Perhaps, by 2011-12 we hit another
"nadir" and then start an economic recovery process, if we
don't get the currency run. If we do get the
currency run, that should mark the bottom for the currency
crisis and the markets NOW, but that stuff will be extremely
ugly.

There will be ups and downs, and the first wave of the crisis
(the subprime) could pass relatively soon, this fall. Either
we have already seen the bottom in the markets, or there will be one
coming in October.

What most folks don't realize is that the market has been in
correction mode since the dot-com bubble collapse, its price
in gold OZ dropped drastically. More to go, but there is
an end to this. The fact that the government has devalued
the dollar is fooling everyone. All US assets lost purchasing
power since 2000.
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