Marc Faber Expects BIG MOVES in the DOLLAR in the Next 10 Days

[peaceandlove]

Marc Faber Expects BIG MOVES in the DOLLAR in the Next 10 Days

PeterSchiffChannel
September 03, 2009

VIDEO (10:09):

[Steve_A]

Hi peaceandlove,

I don't see how Marc Faber is arriving at this conclusion, I read the exact opposite.

There are too many US dollars flying around and the national debt is out of control. The only thing that can happen is inflation, the same thing that happened here in Brazil during the 1980's, or in Argentina some years ago.

It took Brazil almost ten years to get the house in order and I imagine it will take the US a little longer because it is a mainly importing country whereas Brazil produced itself out of debt.

There is an interesting article at the following link which looks at the other side of Fabers' argument.

http://www.bloomberg.com/apps/news?p...d=a.SW_71xPhjA

I tend to think a little more radical than the article writer.

The US dollar, just like the DOW, is being artificially kept stable so as not to rock the international market. The world is playing the game of the Emperors' New Clothes. All it takes is one nation to say that the Emperor is naked and the whole lot will come down, as I said in other posts that if the US was called Argentina, the currency would already be deemed worthless.

The only thing propping up the dollar, in my opinion, is the potential of the purchasing market of the US, which is the biggest importer in the world. However, if other larger nations decide to open their markets wider and have a stable economy the US will bite the bullet.

Best regards,

Steve

Originally Posted by peaceandlove

Marc Faber Expects BIG MOVES in the DOLLAR in the Next 10 Days

PeterSchiffChannel
September 03, 2009

VIDEO (10:09):

[pyrangello]

Steve, my buddy from high school day trades and has done so for 25 years, said that much of the market is being artificially held up in the air like a hot air balloon ready to bust. He said all his graphs and charts show this going south and it isn't.

[Steve_A]

Hi pyrangello,

It would be interesting as to how your friend is trading as the balloon is being filled.

Many traders are not making long term investments on the markets preferring to make 'quick kills' so as to keep their money liquid.

Just that tactic alone speaks a lot about the current situation.

We need to remember that a lot of these 'experts' out there are investment company owners and they need to try to paint a positive picture as long as possible so as not to frighten their clients in closing their accounts. That's why it's the independent specialists, like university professors or specialists like Peter Schiff, who doesn't really deal with US stocks, can speak their mind (also to try and frighten the customers of their competition to come aboard their gravy train!) and be a little more open about the financial markets in the US.

Best regards,

Steve

Originally Posted by pyrangello

Steve, my buddy from high school day trades and has done so for 25 years, said that much of the market is being artificially held up in the air like a hot air balloon ready to bust. He said all his graphs and charts show this going south and it isn't.

[peaceandlove]

Hi pyrangello,

Sounds like the Plunge Protection Team is doing there job well.

Steve,

I agree.

We need to remember that a lot of these 'experts' out there are investment company owners and they need to try to paint a positive picture as long as possible so as not to frighten their clients in closing their accounts.

Seems like everyone has an agenda.

PaL


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Sept. 7 2009

VIDEO (2:11):