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ryph · 01-26-2009, 05:43 PM

schiff is right, and the dollar is going to cliff dive ala UK Pound style. the sudden blast up in the dollar is based on large ibanks in bed with the fed/treasury targeting hedgefunds that were driving up oil and all commodities just when bernanke needed to cut rates and the gov to throw gobs of trillions of fiscal stimulus. one example of political targetting was the ban on short selling of financials. hedgefunds, as a strategy, hedge! so when they were all short the equities and long the respective company bonds, well BOOM go a few hedgies who had a bit too much leverage. along with their short dollar long commodities positions as margin calls permeated throughout the entire investing world.

as fundamentals come back into focus, oil will be at $100 in short order. gold will be 1500-2k and unemployment will tick up to 12% in '09 and head for 20% (yes, 1 in 5 unemployeed!) by end of 2010.

01-26-2009, 05:43 PM
ryph Confirmed User Join Date: Oct 2002 Location: NJ Posts: 1,215	schiff is right, and the dollar is going to cliff dive ala UK Pound style. the sudden blast up in the dollar is based on large ibanks in bed with the fed/treasury targeting hedgefunds that were driving up oil and all commodities just when bernanke needed to cut rates and the gov to throw gobs of trillions of fiscal stimulus. one example of political targetting was the ban on short selling of financials. hedgefunds, as a strategy, hedge! so when they were all short the equities and long the respective company bonds, well BOOM go a few hedgies who had a bit too much leverage. along with their short dollar long commodities positions as margin calls permeated throughout the entire investing world. as fundamentals come back into focus, oil will be at $100 in short order. gold will be 1500-2k and unemployment will tick up to 12% in '09 and head for 20% (yes, 1 in 5 unemployeed!) by end of 2010. __________________ tom at ryphs dot com Last edited by ryph; 01-26-2009 at 05:44 PM..