The dollar is now poised on the edge of the abyss.
The current intermediate cycle has rolled over and is making lower lows and lower highs. The current daily cycle has formed a swing high and is in jeopardy of rolling over into a left translated cycle. If the dollar breaks below the November intermediate bottom of 75.63 it will be an incredibly bearish sign as not only will the current intermediate cycle have topped in only 4 weeks but the larger yearly cycle will also have topped in only 4 weeks.
If that happens there is little chance the dollar will be able to hold above the March 08 lows as the crash down into the three year cycle low begins in earnest.
The current intermediate cycle has rolled over and is making lower lows and lower highs. The current daily cycle has formed a swing high and is in jeopardy of rolling over into a left translated cycle. If the dollar breaks below the November intermediate bottom of 75.63 it will be an incredibly bearish sign as not only will the current intermediate cycle have topped in only 4 weeks but the larger yearly cycle will also have topped in only 4 weeks.
If that happens there is little chance the dollar will be able to hold above the March 08 lows as the crash down into the three year cycle low begins in earnest.
This will not only drive the final leg up in gold's huge C-wave it will also drive a huge spike in inflation in all other commodities. Food riots world wide will intensify. The rest of the world will be in an uproar over the collapsing dollar. Spiking commodity prices will collapse discretionary spending just like it did in 08 and 09.
The phony economy driven by Ben's printing press will roll over when he's forced to turn off the presses to halt the dollar collapse. (Just like it started to do last summer when QE ended and the stock market started to collapse.)
The phony economy driven by Ben's printing press will roll over when he's forced to turn off the presses to halt the dollar collapse. (Just like it started to do last summer when QE ended and the stock market started to collapse.)
I CANNOT INTERPRET GOLD IN "C WAVES" OR CURRENCY VALUATIONS AT THIS HIGH OR THAT LOW OR EVEN HOW WELL OR POORLY ANOTHER NATION STATE'S MONEY IS HOLDING VALUE.
ReplyDeleteHOWEVER, THIS I KNOW FOR A FACT.
THE STAGGERING AMOUNT OF DEBT HELD BY GOVERNMENT AT COUNTY, STATE AND FEDERAL LEVELS COMBINED WITH CONSUMER DEBT WILL DESTROY THE ECONOMIC AND SOCIETAL FOUNDATIONS OF THIS EMPIRE.
IT IS A FORGONE CONCLUSION ALREADY PROVEN BY PREVIOUS SUPERPOWERS AND THEIR PURSUANT DEMISE DEMONSTRATED BY HISTORY.
WITHOUT EXCEPTION. IT WILL OCCUR, WE HAVE REACHED THE TIPPING POINT OF DEBT ACCUMULATION. PREPARE YOUR FAMILIES NOW FOR THE INEVITABLE OUTCOME.
yep. doller will probably bounce up some in march-ish but as the year goes along will continue the decline
ReplyDeletefed budget places debt at 102% of gdp this yr, over the edge, into the void