Aug 13
2008

The US Dollar--Buying The Bullsh*t

Posted by Darryl Schoon in Untagged 

drs

 The US dollar is rallying and gold fell below $800. This is wonderful news for those who hope that the tooth fairy will deliver them from the coming devastation. Those who are sustained by hope have found some.

But what they have found is nothing more substantial than cotton candy. The US economy is declining and will continue to do so. Buy the dollar rally if you wish but the bet is still to the downside and will remain so for the foreseeable future.
Optimism, like empires, do not die easily. Nonetheless both do and those who hope otherwise will discover that their hopes are no better than the now worthless AAA rated CDOs held by investment banks .

We have been in South America for almost two weeks and now`believe that someday, sooner rather than later, the US will be less stable than South America. A sea change the likes we have never seen is but in its beginning stage.

Hold tight, let the fools have one last rally and thank God you are not one of them.

Darryl Robert Schoon
http://www.survivethecrisis.com/
http://www.drschoon.com/


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