"The biggest story in the market is the currency crash right now occuring in the US"

Tue 03 May 11 | 05:00 AM ET
"The biggest story in the market is the currency crash right now occuring in the US, I think a lot of people are debating whether it is in fact a currency crash," Keith McCullough, CEO of Hedgeye Risk Management told CNBC.

video.cnbc.com...

Quite ominous and yet interesting all the same.

I wish the federal reserve note would crash tomorrow then TPTB would be holding a bunch of toilet paper.....

reply to post by surrealist


Wow interesting interview. I love how he keeps saying The Bernanke.

lets see what happends...

reply to post by Caji316


By the time the dollar is ready to crash, TPTB will have already switched their currency to the newly established one. That leaves people like me with nothing but (and not a whole heck of alot) toilet paper,

reply to post by surrealist


Hey just saw you talk about this in the other thread. Thanks for the video. Let's see what happens.


reply to post by wardk28


Do you mean SDRs?

Thanks for posting the vid, it's appreciated.

There's been little on here showing what's going on in the markets since the whole OBL craziness began, and it's things like this that we NEED to pay attention to. Between this stuff, and the floods occurring in the central US, and the recovery from the tornados that ripped apart the country, we are in a lot of trouble.

But, people would rather chant USA USA USA and think all is well.

Oh well. They've been warned.

Hey Jo for warned
is for armed
they say
change favours a prepared mind
;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
www.fxstreet.com...
the dollar index
www.bullionvault.com...
silver and gold up to the minute chart

today they are playing with the silver market like crazy.
they are raising the margins on the comex so those trading in paper silver
need bigger and bigger margins to get in...
so the smaller players are getting squeezed out

any how
when the dollar index gets to about 71.88 or so thats the line apparently
crash time after it hits this major previous low they say

Al Martin Raw,
Bob Chapman
95+% correct over the years
and
Max Kaiser
seems to be right most of the time
all forcast a slide that will leave gold silver and oil and food
way up there
having INTRINSIC value based on their production

just a thought
for those with not much wriggle room:
as was discussed on the survival threads
investing in food production of any kind may be the ticket for those without a lot of cushion
Invest in and make knowledge and wisdom pay off

Originally posted by wardk28
reply to post by Caji316

 

By the time the dollar is ready to crash, TPTB will have already switched their currency to the newly established one. That leaves people like me with nothing but (and not a whole heck of alot) toilet paper,

Look at the bright side we will be ahead of all the rich people because we won't be so far in the negative. The tables just might turn!!!! Making the working poor the new upper crust. Besides all the wealthy will be jumping out of windows when they lose everything they do not know how to cope without it.

reply to post by Jomina


Yeah couldn't agree more. It abruptly knocked so many stories off major world news headlines it was almost disturbing - important developments too such as the US economy, the war with Lybia and row of natural disasters.

reply to post by dwmjr1985


Well as you very well know I've been discussing what happens ad nauseum for some time now and in detail.

Things are gonna start getting scary the closer we get to the summer months.

By October(as usual) we should know the full impact of what this government has done to our economy in their misguided attempt at eradicating the systemic entropy that we should have allowed to take place long ago. Thanks to these crooks and cheats in Washington(and their Wall St. Sugar daddies) the pain of this crash is going to be huge and wide spread.

reply to post by projectvxn



I expect food and gas prices to soar to astronomical prices, and the government to probably do nothing. If the Chinese decide to appreciate their Yuan, which they have been avoiding for years, we are even more screwed. Walmart wont have anything to sell anymore.

I guess it must be that bad if even a "look we got Osama" gig couldn't save the economy and spur confidence in the U.S.

reply to post by Vikus


Why would it?

Profligate spending policies and money printing isn't going to go away because we killed the guy we've been gunnin' for the last decade.

Originally posted by projectvxn
reply to post by Vikus

 

Why would it?

Profligate spending policies and money printing isn't going to go away because we killed the guy we've been gunnin' for the last decade.

hush

You are supposed to be celebrating Osama's death, please don't pay attention to the other minor details.

reply to post by Vikus


Or watching the Royal Wedding and going gaga over whatever designer the Royal freeloaders were wearing.

Originally posted by projectvxn
reply to post by Vikus

 

Why would it?

Profligate spending policies and money printing isn't going to go away because we killed the guy we've been gunnin' for the last decade.

Well I'll say we are where we are because of the enormous cost of the wars and searching for that one guy. Now you can't like that we killed him and complain at the same time. . tisk tisk

reply to post by Vikus


I think this is the story that we are supposed to be distracted from by the news of OBL.

You said it perfectly. Hush and celebrate.

only because the other option is

Most people will only think about when it has already happened.

Originally posted by mayabong

Originally posted by projectvxn
reply to post by Vikus

 

Why would it?

Profligate spending policies and money printing isn't going to go away because we killed the guy we've been gunnin' for the last decade.

Well I'll say we are where we are because of the enormous cost of the wars and searching for that one guy. Now you can't like that we killed him and complain at the same time.

. tisk tisk

Now you're just being ridiculous.

The cost of both wars combined is $1.2 trillion and some change(as of 2010).

Cost of bailouts, money printing, and Obama care is close to 9 trillion.

Our problems are bigger than your attempts at wit.