Disorderly Decline of Dollar Cannot Be Ruled Out - PIMCO

[wildnutria]

This guy is so right!! I will Subscribe now, thanks!

[harptrian]

Why don't they teach about precious metals in school?

[davincij15]

Simple, who owns the school?

The government.

Who made paper legal tender?

The government.

Now if you own the schools and you want to force people to use a product that detrimental to them why would you teach them that?

Get it? :)

NOTE: A few private schools do teach you about the ponzi scam of money.

[polygamous1]

@harptrian u think they want ppl to now? knowelagable ppl are hard to con n control

[marketwatch101]

It will be the Fed Reserve that calls the shots. Bernanke is the most powerful man in the world. I remember when the Fed raised interest rates in the 80's to get money tight and it was not popular. Mortgage rates close to 18%. Now they have to keep rates low. There is a potential for inflation but as long as the banks don't loan it out, inflation not yet a problem. If the political parties ever got control of the Fed then I would have all my wealth in physical assets.

[marketwatch101]

But, you are 100% correct about the govt. They always take the line of least resistance.

[davincij15]

This is your problem Marketwatch the banks will not loan a dime and the countries economy will implode this means the federal government will not get more tax money and will print more or ask others to loan it.

Well, have you seen interest rates? Have you seen what gold and other commodities are doing? Eventually central bankers around the world will dumb their dollars if they can not get a return greater than REAL inflation.

[marketwatch101]

I feel like Rodney Dangerfield, no respect. I have seen interest rates, about as low as you can go. BTW, what's with silver lagging ?. What gives ? I'll tell you what gives: Gold stocks signaled the top for gold in 1980 by topping out before spot gold. That's a concern. Just check out Agnico-Eagle, Barrack, Gold Corp, Kinross, Newmont Gold.. Not some penny stock. Barrack topped out at 50 in May 2008. Same thing in 1980 when gold was making its high. BTW what are you doing up so late ?

[davincij15]

It's 9:20 pm in Hawaii.

I can not speak for the stock prices but I can say this, 1 silver is manipulated ( I hope it falls again so I can get more) and paper money has no value.

India's central bank purchased 200 tones of gold foreign governments are exiting the dollar. You can bet a lot more is being purchased under the radar.

[marketwatch101]

Don't you really mean that fiat money has no INTRINSIC value ? I guarantee you're not paying bills with silver coins. Well, gota get some sleep. BTW I thought you were from Canada.

[davincij15]

I am from Canada and if I could pay my bills with something other than fiat bank notes I would.

[LongimanusShark]

1 year later, you are still broadcasting the same BS! BTW, when did the Comex Default that you've predicted happen? LOL, you should apply for a job at Columbia University, I am pretty sure Stiglitz might have a TA position waiting for you! LOL.

[davincij15]

What's funny is you are here watching my videos. And BTW the COMEX did default you can no longer get 1 kilo bars as of Dec 2008. However you can get cash for your mini COMEX contract.

But that's not a default right you can still get cash instead of gold and that system sets the price of gold? LOL

[marketwatch101]

No matter how you add it up, that's a pretty liberal definition of default. 99.9 % of contracts are settled in cash.

[davincij15]

dude it's actually 98% however how can an exchange set the price of a commodity when a small amount of people take delivery of the item thus how can a exchange of cash set the price?

That's not logical any more than paper as money.

[marketwatch101]

I get the point: the point being that if everyone wanted delivery then the price of gold would skyrocket. The fact is only a small number want delivery. Before you buy 99.9 % of anything with your gold coins you have to convert them first to cash. Or you could use them as collateral on a loan but not at 1 to 1 loan ratio, more like 2 to 1.

[davincij15]

I have purchased most of my gold below 900 over the last 2 years and if I need cash I have an average of $200 more.

All currencies fluctuate including the dollar and so does gold, however all currencies have gone down priced in real stuff, gold's value has remained.

Could I have increased my wealth betting on stocks?

Sure I could but that's not what I want to do and I am not good at it. I am good at my job and that's how I increase my wealth. How I store my wealth is with gold and silver.

[marketwatch101]

94.5% of all statistics are made up.

[marketwatch101]

More than any time in the financial markets mankind faces a crossroads. One path leads to deflation and a great depression , the other to hyperinflation and the destruction of society. Let us pray that we have the wisdom to choose correctly.

[davincij15]

In the last 20 years where there was two choices name one that the government took the hard road and not the easy way out.

Granted the federal reserve did raise interest rates in the early 80s but they where not the government only President supported it no one else in government did.

It's to late the government proved it will take the easy way out in September when they would not let anyone else fail after Leaman. Print Print Print.

[davincij15]

"Lies, damned lies, and statistics"

[jimbobubbadj]

You may have made 76% on stocks while I have made 63% with gold. You have to work very hard and look at technicals and what have you. I know the long term trend with gold and I can relax and sit back.

[marketwatch101]

You keep singing the same song :expecting the $ to collapse, hyperinflation and gold to rise sharply.

All the while missing the great March rise in the Dow from 6500 to 10000. People out there HAVE ALREADY made many times what you hope to make in PM's by buying low priced stocks with their huge % gains while you thought the big play was in gold. Do you see what people are missing ?

[davincij15]

The market is a giant casino and the dollar is poker chips. You can not buy stuff with poker chips only things with real value. If you stay in the casino to collect more poker chips while the building is crumbling and they company is about to go bankrupt you will be stuck with nothing. You could get lucky and get out before the slowest person and make a killing but that's a gamble I am not willing to take.

[jimbobubbadj]

Marketwatch dude, Goldman Sacks has already made many times what you hope to make in PM's by buying....You cannot time the market, only GS can as they are the stock market. I bet with all your earnings averaged out, you have not made money. Anyway the stock market value is in deprecated dollars, against gold, the market is way down, do your research bro, good day.

[marketwatch101]

The point: There are 2 great times to be in markets, at the tops and bottoms, that's when big money is made. There are and hundreds of stocks that have fallen from 20, 30 , 40 $'s in a sell off panic to way under $5. It's like buying a call on a stock that will never expire. It can't get any better than this. And as for our friend davinci thinking that this is all like a casino, I agree.

[jimbobubbadj]

Let see here, the dollar index has gone from 120 in 2000 to 76 recently. Hyperinflation, have you gone food shopping lately? Yes the gold to stock ratio is now 40, it was 9 just recently. Where you been dude? Do you know about all fiat currencies that have ever existed died? Do you know what the total debt of America is and that it will not be paid back? The dow was at 10000 back in 2000.

[marketwatch101]

Jimbobubbadj dude: Lets see here, the Dow was 10000 in 2000. Silver, which you all drool, dribble and salivate over every time the word is mentioned, was $50 thirty years ago and gold was $850 when the Dow was 1000. Silver is now $16 with all this inflation. Timing is everything in the markets and one should find a market analysis that can do it. They're out there.

[marketwatch101]

There is always a great fundamental story out there to convince one to do exactly the wrong thing.

[davincij15]

Here we go....

You say something logical and correct for the first time on my video blog now your are back to senseless ramblings.

BTW: Gold passed the S&P on Friday and if you divide the market by real goods traded on the exchanges it is crashing since September.

[jimbobubbadj]

The wrong thing, to buy stocks.

[marketwatch101]

You should ask people who bought silver and gold for safety 30 yrs ago and thought hyperinflation and stravation were just around the corner if timing has any importance.

[LongimanusShark]

Last year, I bought stocks end of November, while most of people like you have bought gold and silver. I've made a 76.4% profit as I sold everything by august. In a week or two, I think It is a good idea to buy stock. One must buy stock when it is low not when it is up. That's how you make money.

[marketwatch101]

Since 1913, the purchasing power of the dollar has fallen 96%. To match that loss, gold should be up 25 times from its pre-1934 fixed value of $20.67.

It's not. It's up 50-times. On this basis, gold is 50% overvalued.

 Of course, buyers today are convinced that inflation will rage, just as they were convinced that inflation was no threat at all back when gold was at $253.

[davincij15]

Keep in mind that the inflation number you are using is a government number.

Now if you think the government has nothing to gain by keep that number low, go right head. I can not argue with someone who uses "faith".

However if you look at how they calculate inflation with substitutions (price go up substitute the item) and hedonics (improvements are used to discount the price) is clearly unfair.

Thus if you use real inflation numbers (shadowstats) gold should be at 1300.

[marketwatch101]

Talk about faith How about this big fat Disclaimer John Williams Shadow Govt Statistics has on its web site. QUOTE 'The material appearing on this website is based on data and information from sources we believe to be accurate and reliable. The material is not guaranteed as to accuracy nor does it purport to be complete. UNQUOTE

[davincij15]

Ok I've looked at the way he calculates inflation and it's more accurate that the governments method, why do you believe the government numbers are accurate?

[davincij15]

Marketwatch101:

You offer sold advice for once in your posts here and you delete it. What's wrong with you.

I'll quote your delete post...

"To increase wealth you have to be optimistic seek opportunity act when the opportunity lands in your lap and keep looking forward. This applies to all aspects of your life, not just the market."

[marketwatch101]

I thought it was too preachy.

[LisaJ4Liberty]

not at all.

[marketwatch101]

Well thank you, what are you doing up this late ?

[LisaJ4Liberty]

Being an ever commited social misfit.

And you?

[formulaprimer]

Marc Faber said the dollar will be wall paper in less than a decade.

[formulaprimer]

All they have to do is push gold and silver down and push US dollar up. It is actually pretty simple. What the powers did was raise the stock market high enough to dump the market now and raise the dollar since US dollar is safe haven status thus pushing gold and silver down in sympathy with the market. Watch this play out.

[marketwatch101]

Treasury markets attracting record demand -- Until foreign central banks flee from US Tres debt, one plank of the inflationists platform is missing. Wholesale abandonment of US Treas debt would cause interest rates to soar, which would raise the cost of capital in the US. But the data clearly shows that foreign central banks have not abandoned the US Treasury. Foreign net purchases of Treasuries hit an all-time high at $100.53 B in June 2009, with China and Japan leading the way.

[marketwatch101]

Does anyone out there really think China wants the dollar to collapse? I know you guys do. You are all drooling at the mouth hoping it happens so silver can skyrocket. Not only has silver not broken its high of 30 yrs ago it hasn't with all this dollar decline and gold hitting new highs bettered its high of March of 08. What's the deal ?

[davincij15]

Keep in mind that the government changed the way the calculated foreign debt purchases to include Federal reserve purchases.

[tfrenn]

Here's the punch line for the dollar decline from PIMCO:

The decline in the dollars value delivered a capital gain to U.S. investors of $443 billion in 2007, and more than $1 trillion between 2002 and 2007, as the relative value of their foreign investments rose, Clarida said. The rise of the dollar in 2008 lost U.S. investors $720 billion, he said.:

Dollar down = gold up, stocks up, exports up, employment up. So what's wrong with that ?

[tfrenn]

Latest t from the Dynamic Wealth Report:

As other economies have problems, the knee jerk reaction is to move somewhere safe. The safest place is the US Dollar, long held as a global standard.

The US has the largest economy in the world. The risk of default or currency devaluation is incredibly small. Because of this safety, investors are buying US Dollars by the boatload.

Any comments out there on this article that was attached to davinci's video?

[davincij15]

1. You where a buyer of gold once it was solidly over $1000. Now what you have cold feet?

Tell you what I will sell you a put at $1000 to a maximum of 20 oz of gold as an OTC derivative at the cost of $15 each that will expire in March 1 2010.

What that means is if gold drops below 1000 you get to still sell it to me at $1000  or we can settle and I will give you the difference between the spot and $1000 for each derivative.

[davincij15]

tfrenn:

To answer your question it means that the treasury will devalue or worse, default. You can not make such absolute statements on a faith based currency unless the person making the statement is taking the other side of the trade.

lol

[tfrenn]

I don't know what happened but as I played your vid, there was a link that appeared on the bottom of your screen. I clicked it and there was this article that I copied and pasted in the comments box. How does this link get on your vid ?

[davincij15]

Google ads.

[tfrenn]

I think I told you a few days ago that Jim Cramer is now bullish on gold. What is this an indicator of if anything ?

[SWGirl1970]

Regions bank was down too. (They said for maintenance??)

[neanam]

I just burnt regions up

[Adahondeayenh]

Is anyone thinking of a temporary rally in the $?

It is something to think about as I don't believe that PIMCO has had very reliable news releases in the past. Does any1 agree or disagree?

In the long run I see the $ losing value, will be worth MUCH less in the next years. I'm looking for a good entry point to go long on silver at the moment.

[drutter]

Well it's Sunday afternoon, and the USD is up and still going up, so I guess it did last the weekend. But we'll see what happens when the markets open Monday. Thanks for the vid davinci.

[supanya123]

I have read and listened to all you had to say.

Now... where is the damn doom?

Or is it the case that many will turn back and say tomorrow or say we did not mean it is going to happen now or any other excuse.

Fact is world situation will not allow for the economy of Dollar to collapse suddenly. That is for sure.

Soon Dollar will go but it will be done under total control. Many will lose but it will be done orderly.

[marketwatch101]

The doom happened last night while everyone was asleep. Davinci and stellaconcepts have been preaching doom and gloom since they started on Youtube months ago. Davinci must have gotten burned in the stock market and is now like Mark Twains cat who sat on a hot stove and now won't sit on any stove. They are totally inflexible in their attitude toward the markets and have adopted an attitude of "marital fidelity" toward a set portfolio of investments in gold and silver. .

[campeona5]

It can happen anytime now! Things are so out in the open.

[donharlan1]

Something seems to be going on with the banks. Major banks and brokerages are currently down "due to maintenance."

[davincij15]

If true COOL give me an example bank.

[davincij15]

Shame you are right Chase and BOA is down! Cool.

[lucky43113]

how can i find out what banks and brokerages are down if i dont have an account with them?

[donharlan1]

Go to Godlike Productions and find the search for the thread "banking disaster recovery."

As far as I know, banks are back to business as usual.  The question is why did they all shut down at the same time?

[videolover61]

Im not laughing...man this is getting very serious quickly...

[DEMCAD]

I think it will be triggered by big event and then people will panic.

[DEMCAD]

I think the collapse is going to happen in the latter part of 2010.

[zappos49]

I love when you crack yourself up D.

[davincij15]

Thanks many people have said that to me in the past. Yes, I laugh at my own jokes but if you can't make yourself laugh how can you expect some one else to do it.

[vashguud]

Obama declares national emg. Did D go to Hawaii?

[davincij15]

Tomorrow, Hawaii baby there is no other place I want to go and I have been around the block. All over Europe, and more.

No place I have been where people complain about the weather because it's always the same, sunny and beautiful. Sucks to be them eh? lol

[meluaufeet]

PIMCO also announced that they want to start an equity fund. I'm surprised this wasn't covered that much. Why would the worlds largest bond fund want to move toward equities...

Gross has already mentioned several times that the bond market looks 'frothy'.

Bond market will begin to pop appx 6 months before impending fed rates rise. Thats probably less than one year away...

If Xmas sales come in poor again... we will see the double dip forming soon.

They'll blame H1N1... imho

[bastardchildofmary]

When a fuse burns down, it can be slowed and stopped, once the ignition takes place, theres not much that can be done. Lets see how far it gets. Never hurts to be prepared for all possibilities.I think its gonna be drawn out somewhat, but the people behind it, I have very little confidence in, so it could very well get out of hand. I think we may find out sooner then we think.

14 days

[REDEMPTIONthreadz]

EXCELLENT VIDEO, D!!!

[skybirdbird]

TKX.........seatbelt fastened......put your tray tables in the upright position...........

[sizzlot]

...more like... "Remove all sharp objects from your pockets, put your head between your knees and kiss your ass goodbye"...

[vention4wh]

Lol, I loved your imitation of a rich doofus as he was buying derivatives. That was the best laugh I had all day (and it's evening for me).

I thought about buying a bit more silver or food today but I think it would be pointless. I'm already very prepared and throwing another 800 into it won't make that much difference. If the collapse doesn't happen this month though, I'll use that extra 800 to finish off the last of my consumer debt.

[supanya123]

Not going to happen. It will do gradually and smoothly but it will not be sudden. TPTB will not allow this to happen. Now you and other doom sayers are deperate for some doom to come along maybe because you are going down yourself and wish the rest to go down with you to make you feel better, but IT IS NOT GOING TO HAPPEN. Now stop spreading fear and grow up and be like a man.

Times are changing and USA will not be the same as before in future but doom will not happen suddenly. GROW UP KID

[MengersDisciple]

Supanya123 -

1. Ponzi schemes never end in an orderly gradual fashion.

2. You are telling Davinci to grow up? You are the one SHOUTING.

To me it looks like you are in the first stage of waking up - denial. Well, hurry up!

[InTheSticks1881]

It's not likely in the next few months, but one cannot rule it out. It is more likely to be slow and painful for a year or two before high price inflation hits the shelves. At some point and once confidence is lost, the dollar will go into a death spiral.

Look for a chart on the Mark used during it's collapse in 1923, during the Weimar Republic. I'd say that would be impressive and literally overnight.

If you are ready, it won't matter much if it is tomorrow or 5 years from now.

[supanya123]

Thank you for reply and i go along with what you have said. It is going to be gradual and will not happen over night as doom sayers are claiming.

[1mealperday]

our destruction is occuring all around us bit by bit, and occasional sudden drops are not unexpected.

we are doomed , those who dont see it have their eyes closed.

I am a contractor/tradesman .There is no work= Personally i am doing fine now and none of this is about feeling better.

Its about surviving today and preparing for tommorrow.

Always good to be ahead of the curve.

[snakecharmer133]

The US has collapsed, you just havent been told! It was in the middle of the 70s and since this you see that women has been FORCED to get a job, most adults have 2-3 jobs, etc. Shit has hit the fan but the effects have been delayed with the use of bubbles. In the 80s real estates, in the 90s IT-stocks. Now we have no more balloons to inflate! Desperately they are trying to create a green economy with the use of carbon footprints, this will also fail since it is has no real value.

[marketwatch101]

Name any time in the history of the world when there haven't been bubbles. The bubble burst and a new beginning starts the cycle again.

[snakecharmer133]

the middle ages between ~500AD and ~1500AD

[debtruth1]

wow, thanks for this update!

[zrzr4]

As Lindsey says TWO YEARS.

[chroNick546]

Not gonna happen. How many times have you said stuff like this? I guarentee the dollar will still hold it's current give or take a few points for the next couple of months. This isn't the catalyst.

[fal2grace]

Thank you for this info.

[Gunnarsguns]

The plan...my guess and others is to collapse it all then start out with a brand new currency and a new revised banking system. That way they can stick it to us for another 100 years. Order out of chaos is their credo. In the mean time foreign goods and gas will become very very expensive and this includes gasoline

[IChoseTheRedPill]

sobering information...

[0PsycoDad0]

PRAY!

PRAY! Toss medevial fary tales around, yeah.

"inspired by a bunch of fallen angels"

XD! Sure quite logic argumentation thus your participation is comedy, eh?

"CHRISTIAN WATCHMEN" from their watchtower? Announcing Jehovah's Kingdom?

ROFL!

You religious nutters provide so much humor to the world, coinstantaneously filling the word clueless with some sense, thanx!

[stealinator]

the full version of Fall Of the Republic (just copy and paste this replacing everything after the question mark) ?v=F8LPNRI_6T8 Will leave you really disturbed.

[LisaJ4Liberty]

Eh, you guys, I wish it were so. I think it's going to take months for this dog to die.

[dontblamethemessenge]

how is it possible.

The weekend one cannot trade things or can one?

[BackBurnerNews]

This tension is killing me.

[icebreaker7]

agreed! You can feel it in the air.

[lexlaw007]

The dollar is definitely in a downward spiral. The boarded up businesses and vacant business spaces abound. Owning

"investments" *cough cough* on paper now is foolish. Go for physically owned gold, silver, platinum, and palladium.

[limitedplay]

lool might not last the weekend, wouldnt surprise me at all.

[sinitskyd]

PIMCO = PIMP-CO

[grasshutz]

wow, the truth does come out. either the doller will have a slow drop, two years or so, or we could see dramatic changes on the down side. i feel this is in the air. but i am leaning towards seeing a steady decline, there are more tricks up the FED's sleeve and the corrupt gov't that does what the FED tells them. (they want more tax payer bailouts) manipulation is there ultimate practice and they will slowly twist and contort this distorted ballon, like a perverted clown does, till it pops..BAM!

[CoinsFreedom]

LOL...like a perverted clown twisting and contorting a ballon! LOL

I hate clowns, especially banker Ass-Clowns. 2009 reminds me of that movie where sicko clowns from space invade the world. The truth is stranger than fiction afterall.

[kenandjasha]

Im quite sure we will last the weekend...the dollar is doomed though its just a matter of time.

[stjdavis]

this country is going broke, do not invest in anything paper related or what the government can take from you.

[Michigansnowpony]

The only paper I'm investing in at this point comes in rolls. . . .

[nameofthepen]

Wow, davinci, if it happens in this fashion, so much pain and suffering will ensue.

Damn the secretive world-class mafia who is in control of world finances, and world major media. They have already indirectly caused the deaths of billions...

[vashguud]

I am looking at 2nd Week of Jan for a retail collapse. They will do liquidation sales and a few days after Christmas they will start boarding up lot of places. But it will be in failing states and more people will attempt to flee cough. Migrate to places like Ok, Tejas and Florida

[pfowler20]

lets party like its 1929

[online4now]

People are praying that the dollar collapses. Admit it, you would love to see it happen.

[vashguud]

Well 9 billion rounds of ammo sold since Obama. Someone's planning one hell of a fireworks show? Think about it for a minute.. 9 billion rounds.. 9 months. Get some sandbags along with your food & water.

[Michigansnowpony]

Dang sandbags!! I knew there was something we were forgetting! : ) Frankly, I am encouraged by all those gun and ammo sales.

[1TheTruthChannel1]

Once I get more metal maybe lol.

[davincij15]

Online4Now:

If there was a scam going on and you did not participate in that scam and you watch as people where financially ruined.

Would you....

A) Hope the scam continues?

or

B) Hope the scam ends?

[online4now]

I would hope that the scam ends. How would it end? It would have to collapse. I admit I want to see it happen as well.

Money is the sickest scam of all. This is a big conversation but basically life now revolves around money (especially in the US) and people's lives are so different from how a life is supposed to be lived.. all because of government printed money. I agree with you in many ways. Sick world.

[0PsycoDad0]

Yet collapse is a flexible term.

I guess for you it means USD is worthless tomorrow?

If during the next two years the USD depreciates against all other major currencies let´s say 50%, isn´t that a crash of some sort?

Thus all these gold bugs (me being not realy one) are right in some sense of gold as the ultimate storage of wealth but NOT at any price.

[pairunoyd]

this really is BIG news. Whats funny as well is that they are not only saying as disorderly decline is possible but theyre admitting that the dollar will fall

[davincij15]

PIMCO came out saying the dollar will fall 6 months ago.

Now, 6 months later and 16% drop, 32% annualized PIMCO is now talking about a collapse.

[psbyowner]

how does that effect the real purchasing power here at home.. i mean, if we're watching it, wont we have a lead time before a real collapse before we run, say a wall mart, or buy someones goods who DOESNT know?

gotta keep watching close...

[davincij15]

There will be no lead time on the ground, 5% of the population know what time it is. Once those people make a stampede to the store to clean out the shelves others will follow.

Check out Iceland as an example.

[Michigansnowpony]

And there's only 300,000 in all of Iceland. . . .

[donharlan1]

If the dollar begins to collapse, and if the Fed wants to stop the collapse, they will have to sell stocks and buy bonds, right? So, it is possible that we could see a dollar collapse, then a market crash, then a dollar rally. By the way, I believe the web bot has changed its forecast from the 25th to the 26th, early morning that is.

[donharlan1]

Oh, and if we do see a dollar rally, time to load up on some more

S I L V E R ! ! !

[DavidAKZ]

If the FED wants to stop the collapse, they could shut down Goldman Sachs and JP Morgan to end that part of the ponzie scheme. Then the value of the USD would increase

[0PsycoDad0]

The Banksters need every part of the machine.

If Goldmann is stoped from surpressing the COMEX paper price of precious metals they´ll go through the roof thus every idiot´ll understand the ponzi nature of the game.

Up to now it´s kind of "sophisticated debate" about financial vehicles.

[brianinheaven]

davinci , it's all just paper , and not even as soft as toilet paper !

[stealinator]

might want to check out>>>?v=F8LPNRI_6T8

[nameofthepen]

stealinator - "Malformed URL". Can you repost, and also give the exact title of the vid to which you're referring?

[vashguud]

Don't go to hawaii.. lol.. just kidding.

[1984IcameandIstayed]

I know what you mean. They'll be on a stranded island since they fly or ship in most foodstuff and other essentials.I'm worried as heck .

[DavidAKZ]

Like the Russian collapse, the US military will be living in tents, doing menial jobs to try and hitch a ride home.

[KarlBrkr]

Thanks for the update.

aka: bullorbearreport

[RamFan4u]

Like Peter Schiff has said....there will be a stampede away from the dollar. Is a stampede orderly?

[skyding8962]

Yes a stampede is orderly if there is only one door out. :P

[jailarson]

I wonder if it is more prudent to be at the front or at the back of a stampede. Sure don' want to be in the middle of one ;P

[catdog262]

I can see the urgency of the matter in your face.

[davincij15]

No corporation that handles 300 billion in bonds each year has come out and said the dollar may collapse.

I think that's a cause for concern.

[1mealperday]

Ah , so you got an exclusive news lead.

deserves to be favorited . should be relabeled as Warning dollar gone!

also 5s. Thank you and have a great trip.

[AfterTheFox75]

Thanks Davinci, this is an angle I'd not considered at all. Things are looking darker by the day...or hour.

Cheers

[tyronebiggums3]

Independent of this story, PIMCO and Bill Gross should rot in hell. Gross is one slimey SOB.

[chena3]

actually quite impressed and amazed ... that the dollar has survived the last 2 weeks .... every day ... is a borrowed one little pun there guys .... secure your capital some thing wicked this way comes ..

[davincij15]

good one.

[Michigansnowpony]

Why do I love your "haiku" type comments so much? But I do. : ) And "something wicked this way comes" is a phrase that is roaming my mind quite a bit these days.

[chena3]

3 parsnips

and

a big badger chewed

ruttabagar...

will trade..

for your

million $ MBS bond...

[whiskerchild]

Thanks as always for your info

[mejt223]

yeah but who give a shit. Youll be in Hawaii soon

The Gov needs a weak dollar. its the plan. Dont get your new speedo in a bunch. it will be orderly.

Im long pussy. I am investing my savings into a few super hot women. Cause you know, every man needs a new piece of pie every so often-- and is willing to pay for it!

[AfterTheFox75]

What kind of crude bullshit are you shoveling? Get some class.

[nameofthepen]

mejt223 - all that phony, ubermacho, foul-mouthed bravado makes me think you are whistling past the graveyard, like any frightened schoolboy.

Let me guess: you've been a grasshopper, not an ant?

[networkingman]

Wow, what an eye popper. I had to pick my jaw up off the floor!

[davincij15]

Yes, a company that buys and sells bonds is telling people the dollar may collapse, as an FYI.

[argentummolonlabe]

I agree. High possibility. If they are correct, I'll be looking at their predictions much more seriously.

[davincij15]

I will be still taking the Web bots predictions with huge helping of salt and maybe some sugar as predictions of major events is all in good fun.

[rytis1]

As fas I remember, Oct 25th is the initial date, and the dollar trouble becomes obvious to everyone Nov 2-4. According to this article, it may play out just like that.

[odin422]

wise man, i know a bit about PIMCO as well, shady characters

[davincij15]

Yeah wasn't Bill Gross a black jack gambler? PIMCO also has Greenspan on the payroll.

[glassman1313]

I'd be getting long the dollar here.

[doobsta]

long in a very short kind of frame....

I hope your right...

I Need to sell some usd and a nice crash of the dow would be super sweet for the USD...

LONG...with a very SHORT timeline....

let's do this!

[glassman1313]

seems as though pimco sold alot of bonds last week to the fed as I recall.

[davincij15]

Long the dollar eh? That may not be as crazy as it sounds, if the Fed buys up those bonds interest rates will drop causing a rush into the dollar if they tank the market at the same time. However that scam may not work because the foreign markets will not go down with the DOW.

This is all my speculation of course, I have no idea what tricks they have planed but one thing is for sure PIMCO has a plan to profit from the panic.

Whatever happens, I'm still long gold and silver.

[0PsycoDad0]

Germany and many others issue their debt in USD!

The candle is lit from two sides now.

[turboredcart]

or web-bot is astrology.... tho your point is well taken.

[LisaJ4Liberty]

No web-bot isn't astrology. Astrology actually shows that things will hang together for several more months. A major crisis coming around August 1 2010.