Posted on 02/15/2015 10:11:44 PM PST by Jack Hydrazine
No contradiction.
The dollar would rise against other currencies, even as the Fed tried to print.
The newsletter promoters seem to think this would crash the dollar. The problem is that the other central banks would be printing even more vigorously. In a volatile market, is the USD going to crash against the once-and-future drachma?
Commodities are usually acquired through warehouse receipts (futures). In other words, a promise to pay. In all of the recent high-volatility events, commodities have not been a store of value.
The track record of newsletter promoters is dismal. They are intelligent, hard-working, literate, independent thinkers who lose money year after year. At least they write in a colorful, sarcastic way so that it’s entertaining to lose money with them.
The so-called financial crisis was really a crisis for a handful of mismanaged institutions and their owners. The owners happen to have enormous influence within the corridors of political power. This, and only this, is the reason that their problem became my problem. There was no matter of justice or protection of liberty at stake.
And yes, we are in a global depression, evidenced in part by the rise of the USD against other currencies and commodities since May of 2014.
I see so you are saying the fed not being able to print enough money would NOT make the dollar worth less...
Got it...
How long did you work at Enron anyway?
Good luck trading with that newsletter writer’s advice. They will probably be right eventually.
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