Quote from Ivanovich:
I'm of the opposite view. I think the more he screws up, the more chance there is of REAL change as this country takes the two party system and throws it in the crapper where it belongs. We're seeing it now with the GOP splintering into an ultra conservative side and a more realistic view of the world side. How long before the independents of the world go "You both suck!" and start to vote their own?
Quote from Ghost of Cutten:
After reading his comments, I emailed Marc Faber offering to take the other side of $/⬠forwards for 2020, at a price of 10 dollars per euro. As an alternative I offered US $/Zimbabwe $ forwards at an exchange rate of parity, again as he predicted earlier this year.
The offer is also open to anyone else who thinks the US $ is going to "zero" or going to end up like the Zimbabwean currency within a long-term investment time horizon (i.e. within 10 years).
Furthermore, I informed him that as a long-time Gloom Boom Doom subscriber, I would cancel my subscription if he did not take the other side of at least one of those trades, and said I was unhappy with the recent BS snake-oil hyperbole he is peddling on bubblevision and the blogosphere, as - surprising though this may sound - I originally subscribed to get solid investment recommendations based on valuation and market analysis, not tips on fame whoring or newsletter marketing.
I will let you know how he replies.
Quote from Ghost of Cutten:
After reading his comments, I emailed Marc Faber offering to take the other side of $/⬠forwards for 2020, at a price of 10 dollars per euro. As an alternative I offered US $/Zimbabwe $ forwards at an exchange rate of parity, again as he predicted earlier this year.
The offer is also open to anyone else who thinks the US $ is going to "zero" or going to end up like the Zimbabwean currency within a long-term investment time horizon (i.e. within 10 years).
Furthermore, I informed him that as a long-time Gloom Boom Doom subscriber, I would cancel my subscription if he did not take the other side of at least one of those trades, and said I was unhappy with the recent BS snake-oil hyperbole he is peddling on bubblevision and the blogosphere, as - surprising though this may sound - I originally subscribed to get solid investment recommendations based on valuation and market analysis, not tips on insincere credibility-incinerating fame whoring, headline grabbing, or viral newsletter marketing.
I will let you know how he replies.
Quote from Emini Maestro:
The dollar has lost 50% of its value in the last ten years. Not rocket science, just look at what a dollar bought vs. buys now. Faber's forecast is doable, but unlikely, since according to the DOW's disconnect with the dollar, anything is possible. One reason I increased my physical gold delivery and reduced my dollar holdings.
Quote from Fractal:
Nice call, RM -- closest thing we can get to a "hero" on an internet msg board. I've had a position for weeks now (although intend to hold for months -- $1300 area), but doubled down yesterday (and in USO and a few others), just based on the timing of your statement.
Hard to say where the dollar's going after the big change in volatility over the past few days, but if the buying in equities remains broad enough over the next few days, I'll be happy enough to sit on this as intended.
Quote from Ivanovich:
What humors me is all the folks that don't think further down the "what happens next after the US falls" theory.
Let's say the dollar goes to zero. Lets say the US crashes, all debts are declared unpayable, and default comes crashing down like a financial meteorite onto the world's economy.
Who benefits? Can anyone out there name me one country that will escape the fallout from such a catastrophe?
Do you guys think Europe, or China, or *laugh* Australia or Canada will end up in a better situation?