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EmailThursday, September 18, 2008, 1:49 pm, by cmartenson
Thursday, September 18, 2008
Executive Summary
- The chance of a major dollar crisis is one step closer to being a reality.
- The US has thrown all fiscal caution to the wind in an effort to prop up our old way of doing things.
- We are exchanging future US liabilities for bad current debts.
- All of this represents the bursting of the largest credit bubble in history.
- The rules have changed. Be prudent.
This report explains the recent move by the Treasury in offering $100 billion in new debt to "help bolster the Federal Reserve balance sheet."
I focus on this because I believe it marks the beginning of the end of the US dollar.
Your faithful information scout,
Chris Martenson
Copyright 2008, Chris Martenson. All rights reserved.
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Comments
Dr. M,
I know your currently on vacation and not available to offer a rebuttal, but I had to dispute your call for the dollar to drop on 9/19/08.
On that day, the USD was at 79.014, and then it dropped over the next week to 76...Enroll today to read more.
JAG,
If you are making 6-9 month-long trades based on the information presented in this blog, then it is my opinion that you have quite missed the point of mostly everything that gets posted here. If you are looking for stock and/or commodity trading tips (which I don't suggest you do anyhow), I advise you try elsewhere...
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Zulu,
I consider the dollar to have put in a bottom in March of 2008. The projected peak of the dollar is before mid-year of 2011. Is that a long enough time frame to be relevant to this site? I choose the 6-9 month time frame because Dr...
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