Before all my evidence is laid out here the man that called the collapse as he talks about gold on Thrusday:
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Although Ron Paul is running for President very few people actually know of him. His policies are about as free market as free market can get. Support from Wall Street is raining in from those who understand the perilous position that we are in. These are two videos that every informed American should watch. However, for those that understand economics: his stance is too little too late (I’ll explain that later).
Ron Paul on the Inflationary “Depression” that is coming:
Ron Paul video on his stance for a strong dollar:
This video just got posted on youTube, but I could not agree more with Peter Schiff. I was going to write a post on the topic but it helps to have a CFA agree with your points. Why are stocks up during the horrible news we’ve had this week? Like I’ve been saying for the past month: the weak dollar. To understand the dynamic it is important to understand dynamics from an international perspective. The same argument for gold and oil, I’ve been proposing is the same one I’m proposing for stocks:
- A weak dollar with unchanged stocks means cheaper stocks for foreigners and their $2 trillion in cash.
- When stocks go up slower than the change in currency, the spread, or the difference between the currency devaluation and stock rise, is how much cheaper stocks are to foreigners.
- Fake catalysts are used as buying or selling excuses for foreigners to hide this effect, aka the IBM stock buyback program (I’ve studied buyback programs in depth: they are scams to longterm investors, pure robbery).
- Remember: to foreign investors there are two general components of investment return (the third is dividend yield but not important right now):
- Capital gains, which applies to US investors also.
- Exchange Rate, which only applies to foreign investors. Although paradoxical, if a stock declines by 5% but the currency appreciates by 10% you still get a 5.55% return, excluding transaction costs. Read the rest of this entry »
As if the dollar didn’t need any more downward pressure: Reuters is reporting that New York shops are now accepting Euro’s. This after Dawn Bennett, a couple of days ago on Bloomberg, mentioned talk of dual currencies in the future.