Friday, April 3, 2009

KRUGMAN: CHINA DOOMS DOLLAR...

WE ARE IN A MEGA-TRANSITION NOW...AN INFLEXION POINT THAT OCCURS ONCE IN A CENTURY...

THE DOLLAR WILL FALL...AND FALL HARD...

VERY LIKELY THE AMERICAN ECONOMY WILL BE SOMETHING LIKE A SOUTH AMERICAN ECONOMY IN A FEW YEARS...

THE NOTION OF THE US EVER AGAIN BEING AN ECONOMIC SUPER POWER IS OVER...

GOLD IS STILL THE BEST WAY TO GO...ESPECIALLY ON DAYS WHEN THE CENTRAL BANKS ARE CONSPIRING TO DRIVE GOLD DOWN...AS HAS HAPPEN LATELY...

THE ENTIRE HOUSE OF CARDS IS RIDING ON GOLD UNDER $1000 AND OIL UNDER $60....

ANY BREACH OF THOSE LEVELS COULD SIGNAL A RETURN TO THE CHAOS OF LAST SUMMER AND FALL...

HIGH COMMODITIES....AND A COLLAPSE OF THE DOLLAR BASED DEBT STRUCTURE WHICH IS BARELY STABLE EVEN NOW...