| Gerald Celenti said last night that they are going to manipulate the dollar’s strength upwards again.
I don't know that gold could hit $5,000... that would mean $12-$13 gasoline and The Even Greater Depression. But $2,000 gold (with $5 gasoline) is quite possible given the way our Congress (and apparently a majority of our voters) seem to think that "federal funds" are a limitless source of free money. |
Dollar being driven up? Good luck.
Gold $5,000 a ounce - no but $2000 is possible. Gold is good to trade IF you know what you are doing.
Dow or market down 90%. Very possible. 50% drop plus dollar devaluation of 20% or so gets you pretty close to a real 90% drop.
The govt printing presses will kill us. Social Security supposedly goes into the red late next year or about 10 years faster than was expected.
Yeah? How does he think "they" are going to do that? Currency traders are very smart and very ruthless. So are the Chinese, who have had to become currency traders by necessity. Fooling any of them into thinking that the dollar is strong is not one of the available options. Unlike liberal voters, currency traders are not economic illiterates. They see the Fed monetizing Treasury debt, and they know exactly what that means. And it isn't a stronger dollar.