I'm not sure the markets are any safe indicator of the near future, as the situation is very tenuous and could collapse or unhinge at any time. In any case, I agree with your overall assessment. I think we're in for a rough ride. I'm hoping they can keep the wheels on the economy for as long as possible, as more time will allow me to prepare further. think if people aren't prepared for long-term (decades) survival, then they will not really survive. They'll die in pain and having to work.
The dollar will not be replaced as the worlds reserve currency, at least not in the short term. Think of it, what would replace the Dollar, "OK, I know gold & silver could, but that will not happen" the Euro-no, the yen-no, sdrs-no, yuan-no. This will be a slow unwinding of the dollar with rallies and pullbacks. Frankly, I don't know what will be the reserve currency in the future, because they are all fiat. I guess the strongest fiat currency will be it. Time will only tell.
lizafuel, gold and silver may not directly be the reserve currency. Whatever currency, in the not too distant future, is the reserve currency will have to be backed by gold and/or silver. WTSHT, no one will trust fiat currencies any more. I feel that gold and silver will be the reserve currency, directly.
I have been looking at dollar rally too, and I think it's going to happen much to our chagrin. Long the dollar short term... Also, gold looks like it will go down to 950-1000 per ounce... silver down to 13-14 dollars an ounce. It will be a good gift to buy more metals if this dollar rally plays out like I think it will. Good Video!
the flight to safety on the dollar is a funny line. They think it is safe, because the stocks can go up and down so wildly, and the dollar does not move to much. SO in part they are correct. I still think silver is a flight to safety.
Don't sweat the small stuff networkingman, so you missed the dollar falling by a few months, big deal. I hope you missed it by several years so I can have more time to prepare. IMHO I think this collapse will be horrible. Imagine the Gov. going bankrupt, the currency is worthless and federal aid (welfare) is suspended, what will millions of people who depend on this aid do when the government teat is sucked dry? I am betting on riots, insurrection, and anarchy. Please God, I hope I am wrong.
Well, what would one expect people to do if there is no money? Not only that, but the people on welfare won't be the only ones. What about those who depend on unemployment? When these people lose everything, and believe me, many on unemployment are already losing their benefits as the entire extension program is a scam, these people, formerly middle class and even some upper class, will join the welfare people in the riots. But you can't expect them to not do so if they are going hungry.
Good post mate yea the great dollar rally hop on everyone sell your metals (so the Gov can buy it) its fine the huge dollar cliff is this way follow the herds :o)
I think this was a forecasted future for the dollar, but it wont last longer than nine months. Great post since nobody else is talking about this. It's a pullback and a sign for others to prepare. This is my queue to BUY more shiny metals ;)
I don't think it will last that long. It's some left over hyperinflation. Other things are starting to inflate like import good. The dollar and the stock market are a broke house of cards. Help up only by greed and a criminal corrupted media & politicians.
I am still in the Job search mode, but I must say this time "off" allows me to research things like I have never been able to do. I imagine many work a day folks that have little time to do much but work, eat and sleep and get their news from MSM are going to be out in the cold so to speak. Hard to know how the info slides out though. I keep thinking I should move, but to where? Then there would be the issue of selling the house YIKES
Hey buddy could you guestamate the timeline for when global stimulous will create the hyperinflation needed to create the death spiral. Yeah I have seen a lot on china starting to have signs of economic weakness. I think oil is an unknown because of the speculation market thing. If we or isreal jumps on an oil rich country it could cause spikes. Love your work man keep diggin!
When I saw that the dollar fund had sold out a few weeks back I knew there would be a rally to the dollar, and I think it will get strong again as people flee to it. People will have to wake up and realize that fiat is not good. I am thankful for this rally! Gives me more time to sell my plastic on eBay to trade for silver & gold!
So true, the time is NOW to PREPARE, SCRIPTURE FOOD WATER, GUNS AMMO PEPPER SPRAY a nicely sharpened shovel, NON GMO seeds and more NON GMO Seeds start downsizing now and get rid of "stuff" you don't need to BUY stuff you NEED ! !
Dollar will rally and Gold will slip but only for a brief "OMG" time period until it becomes obvious that moving to the Dollar is like jumping from a sinking lifeboat on to the Titanic. Most FIAT currencies will be hit (Euro, Sterling especially hard) but when the UD dollar goes down it will be very very nasty.
when will dollar not be global currency ?
if china needs to buy, they need dollars !
dow is not constant cause expectations change... who expected Obama to fail ?
gr8wg 2 years ago
dollar goes up = dow goes down (and vice versa)
herne 2 years ago
Great insight...thanks ;)
hiphopsocnroc 2 years ago
Comment removed
arizonagirl1385 2 years ago
Geat analysis networkingman.
I've exited most of my metals stocks and moved into SH (short the S&P) until I see how the metals stocks shake out durring the market pullback.
Now is a time to watch, not a time to get greedy IMHO.
frgtmygld 2 years ago
I'm not sure the markets are any safe indicator of the near future, as the situation is very tenuous and could collapse or unhinge at any time. In any case, I agree with your overall assessment. I think we're in for a rough ride. I'm hoping they can keep the wheels on the economy for as long as possible, as more time will allow me to prepare further. think if people aren't prepared for long-term (decades) survival, then they will not really survive. They'll die in pain and having to work.
veritasfiles 2 years ago 2
I agree totally, I hope we have another year. I hope silver goes back down to 10-12 so I can buy more.
PaterasSatyrs 2 years ago
US Dollar since 1971 - illegal currency (Bill of credit) no gold backing on purpose so the American people get the present debacle.
Worthless paper because there's no value in paper.
boots920 2 years ago
Good to see you.
Thanks.
BackBurnerNews 2 years ago
Thanks man!
networkingman 2 years ago
if burnake stays = dollar will get stronger.
if china wants silver, it will get cheaper !
gr8wg 2 years ago
The dollar will not be replaced as the worlds reserve currency, at least not in the short term. Think of it, what would replace the Dollar, "OK, I know gold & silver could, but that will not happen" the Euro-no, the yen-no, sdrs-no, yuan-no. This will be a slow unwinding of the dollar with rallies and pullbacks. Frankly, I don't know what will be the reserve currency in the future, because they are all fiat. I guess the strongest fiat currency will be it. Time will only tell.
lizadfuel 2 years ago
lizafuel, gold and silver may not directly be the reserve currency. Whatever currency, in the not too distant future, is the reserve currency will have to be backed by gold and/or silver. WTSHT, no one will trust fiat currencies any more. I feel that gold and silver will be the reserve currency, directly.
jimbobubbadj 2 years ago
I have been looking at dollar rally too, and I think it's going to happen much to our chagrin. Long the dollar short term... Also, gold looks like it will go down to 950-1000 per ounce... silver down to 13-14 dollars an ounce. It will be a good gift to buy more metals if this dollar rally plays out like I think it will. Good Video!
lizadfuel 2 years ago 2
The manipulation creates perception.
The US is printing money but it's value is rising thus perception is everything is OK.
davincij15 2 years ago
the flight to safety on the dollar is a funny line. They think it is safe, because the stocks can go up and down so wildly, and the dollar does not move to much. SO in part they are correct. I still think silver is a flight to safety.
Whats my opinion matter (buhaha) Take care bud :)
endlessmountain 2 years ago
Physical silver not fiat silver they're counterfeiting silver on paper as well.
Notice how vulnerable you're savings are when its all invested in paper backed like ineligible POTUS and freaks like Barney Frank.
You couldn't pay me to hold US dollars....future value 0.
boots920 2 years ago
Thanks for the info. Glad to see you back in action. The global economy is sort of like a chess game during an impending earthquake.
matahaari 2 years ago 3
What a terrific analogy! LOL!
networkingman 2 years ago
Don't sweat the small stuff networkingman, so you missed the dollar falling by a few months, big deal. I hope you missed it by several years so I can have more time to prepare. IMHO I think this collapse will be horrible. Imagine the Gov. going bankrupt, the currency is worthless and federal aid (welfare) is suspended, what will millions of people who depend on this aid do when the government teat is sucked dry? I am betting on riots, insurrection, and anarchy. Please God, I hope I am wrong.
fishingthewatershed 2 years ago
Well, what would one expect people to do if there is no money? Not only that, but the people on welfare won't be the only ones. What about those who depend on unemployment? When these people lose everything, and believe me, many on unemployment are already losing their benefits as the entire extension program is a scam, these people, formerly middle class and even some upper class, will join the welfare people in the riots. But you can't expect them to not do so if they are going hungry.
iloveterriers 2 years ago
Good post mate yea the great dollar rally hop on everyone sell your metals (so the Gov can buy it) its fine the huge dollar cliff is this way follow the herds :o)
all 5
GuildF40 2 years ago 2
I think this was a forecasted future for the dollar, but it wont last longer than nine months. Great post since nobody else is talking about this. It's a pullback and a sign for others to prepare. This is my queue to BUY more shiny metals ;)
icebreaker7 2 years ago 2
I don't think it will last that long. It's some left over hyperinflation. Other things are starting to inflate like import good. The dollar and the stock market are a broke house of cards. Help up only by greed and a criminal corrupted media & politicians.
vashguud 2 years ago
Indeed prepare while you can.
I am still in the Job search mode, but I must say this time "off" allows me to research things like I have never been able to do. I imagine many work a day folks that have little time to do much but work, eat and sleep and get their news from MSM are going to be out in the cold so to speak. Hard to know how the info slides out though. I keep thinking I should move, but to where? Then there would be the issue of selling the house YIKES
CTOL1 2 years ago 3
thank you
pizzapub2 2 years ago
Hey buddy could you guestamate the timeline for when global stimulous will create the hyperinflation needed to create the death spiral. Yeah I have seen a lot on china starting to have signs of economic weakness. I think oil is an unknown because of the speculation market thing. If we or isreal jumps on an oil rich country it could cause spikes. Love your work man keep diggin!
LIBERTYDOGG77 2 years ago
a lot of food for thought here......have a great day!
debtruth1 2 years ago 2
When I saw that the dollar fund had sold out a few weeks back I knew there would be a rally to the dollar, and I think it will get strong again as people flee to it. People will have to wake up and realize that fiat is not good. I am thankful for this rally! Gives me more time to sell my plastic on eBay to trade for silver & gold!
TheLiddlekiddle 2 years ago
So true, the time is NOW to PREPARE, SCRIPTURE FOOD WATER, GUNS AMMO PEPPER SPRAY a nicely sharpened shovel, NON GMO seeds and more NON GMO Seeds start downsizing now and get rid of "stuff" you don't need to BUY stuff you NEED ! !
NWOIS666 2 years ago
Dollar will rally and Gold will slip but only for a brief "OMG" time period until it becomes obvious that moving to the Dollar is like jumping from a sinking lifeboat on to the Titanic. Most FIAT currencies will be hit (Euro, Sterling especially hard) but when the UD dollar goes down it will be very very nasty.
taineasy 2 years ago