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Written by citizen wayne
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Thursday, 08 October 2009 09:46 |
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The U.S. Dollar is falling rather rapidly and gold has hit an all time high for three consecutive days. We predicted that this would be the trend going forward and all signs point to a continuation. The Federal Reserve is monetizing the debt by buying Treasuries, China, Russia, Japan, Brazil and other important holders of US dollars and debt securities are either officially or unofficially boycotting treasury auctions, transferring their currency reserves out of US Dollars, or bolstering their own currency against the dollar. This means that imports to the United States will be comparatively more expensive to consumers, and the increase in dollars in circulation (called inflation) will grow. Expect job losses to continue and prices to rise.
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Globalization 
