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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (12813)10/9/2008 5:48:26 PM
From: benwood  Read Replies (2) of 71454
 
Russ mostly went pay-per-view. He predicted most of this, including the huge loot in the final six months of the Bush [mis-]Adminstration.

He used the term "fictitious capital" for a couple years or more, and described (long ago) how typically when the rot being passed around as money is suddenly found out, the reality can spread like wildfire. I think in the case of tulips, it was just one day.

The trick this time is the SEC aided and abetted by creating level III assets, or what Russ called "Mark to Milky Way" or "Mark to Made Up" or something like that. And because they are hidden, it makes the crooks who did this know that just about anybody else could be doing that too, so they can't trust them (for cripe's sake, they could be as bad as US!!). And for the rest, they don't know whom to touch that might be carrying a charge of 45 trillion volts.

Russ was very negative for the past year on the commodities trade, and that proved to be spot on. And he put his toe in the water a couple weeks ago to buy some PM shares (you can find his post).

Beyond that, I'm not sure. I don't do the kind of trading which would benefit from being a subscriber.

Edit: here's his free blog (not every day) but he does have a new post up today:

wallstreetexaminer.com
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