I was looking at the chart for the article linked to maxkeiser.com for 02/04/2011, "Biggest pump and dump boiler room scamster of tham all" in Max's words.
The chart showed that:
During qe1 the S & P angle up was about 45 degrees and the world was disturbed.
During qe2 the $ & P angle up is just over 45 degrees and more and more countries don't want to deal in u.s. dollars.
The angle can't go any higher than 90 so the fed is running out of qe's to do before we're in a 1920's Germany situation in reverse, where one mark will be worth trillions of dollars.
Long before that lack of practicality will set in - paying in even hundred dollar bills then will be as difficult as paying for everything in pennies now.
Ever been in a store where the person ahead of you paid with a jar full of pennies?
A memorable event for sure.
By the way, I'm seeing alot of maxkeiser.com comments about silver and gold not rebounding.
Then I remember what Max and others said, that the bankerment is trying to scare you out, that they're propping up the stock market as per above, that volatility increases as the jumps up in prices get bigger.
So chill, and after a while when you sell your gold and silver at $2,000 or $5,000 or even more for ounce of gold, and maybe $500 for ounce silver, get a residence outside the u.s. so you can open a bank account there to convert your u.s. dollars to sounder non-u.s. currencies.
No comments:
Post a Comment