The Attack on the Dollar - Part 1 of 2

In this Video, Richard Maybury discusses the dangers facing the U.S. Dollar. In response to the recent economic downturn, the government has drastically increased spending and is paying for it by printing dollars. This tremendous increase in the money supply can have only one outcome a massive inflation.

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[bkspartacus]

Just before 9/11, gold was $271, silver $4.18, and platinum $443. Platinum has more than doubled, silver tripled, and gold almost quadrupled. Mayburys clients are swimming in profits. Its not over till its over. Give it time. Be patient. Take a deep breath, and exhale sloooowly.

[Vanncalagon]

CBY9T.... why do you waste your time listening to him then? They say time is money but that's not true because no one can add more time to their life whereas money has no end, so one ought to think more about what they spend their time on than what they spend their money on. At any rate -- metals are for diversity and long term value protection, not get rich quick.

[returnoftheramble]

don't worry about it. They didn't design the system for human vanity, especially theirs, so we're going to collapse, the old will live out on the street, all of your daughters will be whores and you'll be controlled by men with similar habits of gorillas. Get a gun, a small patch to grow food and buy things of value with whatever you have left. Oh, and hunt down theirs for doing this to us so that we have line understandings to prevent absolute corruption.

[icgtwo]

How is that short on gold going, CB9YT? It hit 1200 today...987 sure was a "top" huh?

[hiphopsocnroc]

Yea, OK, where is gold now?

[Not2True]

I notice that CB9YT. Makes a comment and promptly closes his YOUTUBE account. Typical liberal tactics. Cannot stand behind what he/she says...  Thx Richard ...what a service to all who are interested.

[jonislandman]

I really am enjoying listening to the various scenarios and ideas which Mr.Maybury talks about in these videos. Are the ideas and scenarios all going to happen? I seriously doubt it. But, I think some of them will without a doubt happen, and if not entirely, they will to some extent. Use your head, listen to what he says, and see if it makes sense to you. I hope the U.S. enjoys another few hundred years of prosperity, but I am not betting all my (fiat) dollars on it!

[clbellue]

Thank you Mr. Maybury! You are doing an excellent job with these videos. Having read ALL your books with my kids (some more than once!), it is great to have your up to date perspective on what is happening now. We are all very grateful for your work and the way it has opened our eyes!!

[peccavi772]

I think more or less that many of these 'gloom and doomers' aren't saying that the sky is falling, as much as saying that the government is building a house of cards, ripe to collapse.

I think that's a much harder argument to refute. 1) What if there's another war? 2) What if countries stop funding our debt? 3) What if a few bonds are called?

Most of the gloom and doomers write about the fragility of our current system, a key difference from your point.

[CB9YT]

I'm short gold from 987. I went short in February, 2009. My protective stop is 1,019. My profit target is 832. If gold trades above 1,019, I'll shut my big mouth and admit my mistake. However, it will never happen. Gold is headed lower (much lower). The gold bull market is over.