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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: paul ross who wrote (11122)	8/12/2008 8:48:44 AM
From: SliderOnTheBlack	Respond to of 50211

re:["Any comments on the sudden, strong surge in the U$D, we approach 76 this morning...:] My viewpoint is that it is more about an over-valued Euro, than an under-valued Dollar. The Fed did put the brakes on money supply, bank credit creation has collapsed, and the home refinance ATM machine has been closed. $2 trillion in credit is being vaporized, and global markets are down, and down hard. Chart from Prieur du Plessis at: investmentpostcards.com (A very good blog site -- bookmark it.) Remember what I said about "deflation." Deflation can and will be used as an "offensive" tool by the Puppeteers* just as it was in the 1929. It can be used short-term, or long-term. It's all about whipsawing the markets. You just witnessed it in the financials and commodities. The masses were getting enriched via commodities, and gold was the 800 pound canary in the coal mine that was sounding the alarm on runaway central bankers. And the last thing they want - is the "masses" getting rich, or gold attracting too much attention (remember Kudlow's 180 degree spin on gold and the dollar?). You must stay a step ahead of them. Inflation isn't dead. We still have negative real rates. But, they are now intervening and creating short-term moves in the markets like never before. Whenever it gets too easy, to where anyone can merely throw a dart... buckle up, because it's about to come to an end. SOTB