Soros Setting Sights on the Dollar?
There has been a lot of talk about the dollar's impending demise and many dismiss it with a wave of the hand and a confident smirk. Surging gold, silver and oil prices, however, have combined with some strange Treasury related decisions by the Fed to make prudent heads itch.
Now that George Soros himself, is bringing up some of these factors it makes me wonder if Bretton Woods is the way station and another Black Wednesday, the ultimate destination?
Take a look, read between the lines and decide for yourselves.
Is a major attack on the USD slowly brewing and are investors being warned on which side of the fence to stand?
With the Fed buying 70% of the Treasury issuances what do you think is going to happen when QE2 ends? Yields will go up. This will raise velocity. I'm not going to get overly technical with the math and what COULD happen, but it's not pretty.
For an excellent article on the math behind how this shit could get very ugly, see below:
http://www.hussmanfunds.com/wmc/wmc110124.htm
Hussman actually had a really good peice about US and Japan a month back too I think.
For anyone following the world debt and currency situations, reading hussman weekly should be a nesscity.
all the hussman funds are actually really under-performing...
I'm not endorsing his funds, just the article.
Gartman gets his ass handed to him all the time too, does that mean no one should read his newsletter?
This week, looks like hes actually following up on the link alexpasch posted.
The Hu(ss)man Fund: Money for people.
I don't think reading some weekly letter or doing any math can make this oncoming situation any more obvious then it already is. You would have to be blind as a bat during the day time to not see the oncoming spike in yields that will be the result of the end of QE2. Funny thing is no one really knows when inflation is really going to hit, or how hard. So the front point is QE2 ending and the dollar has been selling off like its a disease for a few months already. Let us not speak of the tremendous debt load that the US will have to service in the oncoming years. I really do not know how this can end well at all. But we shall see. There's always something up someone's sleeve.
look at the youtube comments for the clip.. lots of Soros haters out there lol
Why all the hate in youtube for soros? What did i miss?
They prefer Rupert Murdoch - the right wing billionaire!
Take every single thing Georgie boy says with huge dump of salt. He always talks the opposite of his book.
"The old Palpatine"...saw this from somewhere, cannot remember, cannot help laughing.
Good video and good article. Thanks for the links.
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