conraddobler
I want my 2$
- Joined
- Sep 1, 2002
- Posts
- 20,052
- Reaction score
- 237
Once in a while someone says something worth listening to.
This guy knows what he's talking about and it looks like we're headed for a global world fiat currency.
That is the final straw that will eventually lead to a complete destruction of paper money but it'll be a while.
The implications of what he's saying is pretty profound.
There is a point where IMO the FED will do battle against gold, they have to and if they do it could trigger a massive panic out of dollar shorts and trigger massive unwinds of a new dollar carry.
That's one possiblity of many but in any event on tap over the long haul is the continued destruction of the dollar, just in an orderly fashion.
That's what makes trading any thesis so hard, unless of course you can match up with what the FED is going to do or have inside information.
What this guy just told you is that while the dollar will fall, they will not allow gold to just rocket straight up, at some point they will raise rates to defend the dollar and that will have crazy aftershocks if they do this out of the blue.
This guy knows what he's talking about and it looks like we're headed for a global world fiat currency.
That is the final straw that will eventually lead to a complete destruction of paper money but it'll be a while.
The implications of what he's saying is pretty profound.
There is a point where IMO the FED will do battle against gold, they have to and if they do it could trigger a massive panic out of dollar shorts and trigger massive unwinds of a new dollar carry.
That's one possiblity of many but in any event on tap over the long haul is the continued destruction of the dollar, just in an orderly fashion.
That's what makes trading any thesis so hard, unless of course you can match up with what the FED is going to do or have inside information.
What this guy just told you is that while the dollar will fall, they will not allow gold to just rocket straight up, at some point they will raise rates to defend the dollar and that will have crazy aftershocks if they do this out of the blue.
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