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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (2323)	11/14/2007 5:39:11 PM
From: Real Man	Read Replies (3) \| Respond to of 71475

From Jim Sinclair "the nut" today. I have to agree with him - the boyz got it upside down. What's the safety of treasuries when they pay the same dollar amount a year as the currency drops in a month? jsmineset.com P.S. Agree on closing IRAs, 401Ks, and other retirement accounts. Those could be robbed, cause that's where the rotting SIVs will go. "The dollar was down against most of the majors with the exception of the British Pound and the Japanese Yen as the yen carry trade revived overnight after yesterday’s monstrous short squeeze in the US equity markets. That served as a tonic to calm the “risk aversion” psyche that had taken hold of investors and the bi-polar hedgies came stomping back into the commodity sector driving up the price of precious metals and industrial metals. It still amuses me to no end to see analysts refer to gold as a “risky trade”. If that does not qualify for the term, “oxymoron”, call me hopelessly confused. Let me see if I have this new definition down correctly – “risk aversion” means you run to the “safety” of US Treasuries with falling yields backed by a collapsing currency and away from gold which has for 6,000 years been the ultimate store of value and the place for safety during times of economic uncertainty and fear! Hmmm… Maybe this is a symptom of our current education system which is more interested in teaching political correctness than history and sound economics and has produced this generation of mental midgets."