I make no argument about the fact that when I started the “Preparing for the Coming Collapse of the US Dollar” that I believed we were looking at perhaps a five year period before everything came tumbling down. I was wrong. Since the November 2010 election and the subsequent loss of many of his allies, Obama and his cronies have stepped up the time table and are speeding the end of the dollar as quickly as they can. It is essential to his Utopian policies that the dollar fall.
I still hold out the slightest hope that we will have until the end of 2012, but that small hope is dwindling fast. So when is it going to happen? That I cannot tell you what I can tell you is what to look for.
Quantitative Easing 2 comes to an end in the summer of this year 2011. For those who don’t know, Quantitative Easing is the nice name they give for the devaluing of the US Dollar through printing a bunch of worthless paper to make up for the fact that there is little spending going on and that we don’t have enough revenues to pay off debt. Some people call it Q2 or QE. Simple enough?
On May 15th, as of the date I am writing this on April 29, 2011, there will be a concerted effort to organize 500,000 JP Morgan Chase mortgage holders to stop all payments on their mortgage. This is the SEIU and Piven group mentioned before. If they are able to succeed in this endeavor, this will hasten a collapse of the banks. This collapse of the banks will force a QE3 after July.
UPDATE: For some quiet, unknown reason this Lerner protest never took place. That's the good news. The bad news is that two weeks ago, Obama ordered the same banks Lerner was protesting to give homeowners a year off of their mortgage payments. So a protest organized by a Clouard-Piven SEIU thug is turned into a direct order by President Barack Hussein Obama. Any guesses why?
Optimists believe that we may reach a QE4 before the final collapse of the dollar, I am not entirely sure that is the case. When those who know better than we begin to move, you need to be ready to move as well. Keep in mind, this could happen at the end of a long day of trading, or at the beginning of what will be the longest day of our lives.
What to Look For
Keep an eye on the commodities trading look at it each night before you go to sleep and each morning at 9am Eastern time when the NYSE bell rings. When the Soros insiders are aware that the collapse is imminent they will be removing their money from speculations from the stock market and putting it into commodities. They are smart so it will be a gradual move, but this gradual move will be a signal to those ‘in the know’ and they will start moving with Soros’ pals.
UPDATE: George Soros has this week stated his intention to buy out all public investors in his funds and make his investment funds private and family owned. This will make it impossible to see his investments and their impact on the market. We won't be able to see what he does prior to the collapse. He is getting exposure he doesn't want and that could affect the profit he will make in investments when the dollar collapses. The transfer of his funds from public to private will be completed sometime before the end of this year.
Look for a sudden spike in the commodities trading markets. Here are some current examples:
Crude prices increased 32% in the last year. You know what that’s done to gas prices.
Look at what corn prices have done in the same period. More than a 100% difference. You know what that’s done to food prices.
The price of corn over the last year has exceeded the price of light crude by over 70%. That means that the prices for all food products made with corn have skyrocketed. The prices of beef and chicken and pork have increased as well because they are fed with, you guessed it, corn. Watch these commodities and others like wheat, cotton, soybeans, and yes gold and silver. If the sudden spike in trading in commodities happens at the end of the trading day, the announcement about the dollar collapse may be stalled until morning.
If it happens in the morning or mid-day, you will have about 20 minutes before the panicking begins. You have to be ready to go. While a lot of this comes to a head this summer, it would not surprise me altogether to see Obama perform a miracle and announce that we are drilling for oil to force gas prices down, just prior to the election of 2012 of course. Will we actually DO any drilling? No we won’t.
If the Tea Party or GOP comes up with a viable candidate that is not a Rove picked blue blooded good ole boy who needs his turn at bat, don’t be surprised if the collapse occurs just before the election season of 2012. If the GOP picks another John McCain or Mitt Romney style politician, Obama could work it out to collapse the dollar into his second term as President.
No comments:
Post a Comment