Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ggersh who wrote (30917)	10/14/2010 9:02:26 AM
From: DebtBomb	Read Replies (1) \| Respond to of 71479

75% devaluation like in 33 takes the DX to about 20? Some of the smarter ones are starting to see the light like Ambrose Evans-Pritchard, who recently wrote an article apologizing for defending the Fed's money printing. He now sees what the Fed is doing. The Fed's goal is to debase the dollar and artificially prop up nominal asset prices. This course of action, according to the Fed's distorted logic, is what helped the US economy recover from the Great Depression. Bernanke noted in a speech that the massive 75% dollar devaluation of 1933 was critical because it reduced debt in real terms and created strong inflation. According to Zimbabwe Ben, this is the solution to our problems, regardless of what he says in the media. He knows perfectly well that QE does not help the real economy. His only goal is to inflate away America's massive debts (government, consumer, real estate, etc.). He can't publicly announce this policy, so he masks it in positive statements like the Fed will take action to support the economy by printing money. It sounds much better than the reality: the Fed is deliberately stealing your wealth by reducing the purchasing power of the dollar. A statement like that would wake the sheep from their slumber and lead to revolution. The first action would be to storm the New York Fed building. istockanalyst.com