USD Crash Is Coming. Prepare!

Blah people have been saying this since the beginning of time. Think optimistically, we have seen the worse and things will begin to pick up.

This should be moved to off topic forum shouldn't it?

Actually, one of my favourite, and most respected market trend commentators, John Dvorak (MarketWatch) predicted this two years ago...and set a date for 1st Q 2009.

So, I for one am not calling BS on this thread just yet.

Steve

According to the financial experts I follow we are actually in the first stages of a Corrective Returns Acquisition Phase, which you can see is both good and bad news.

The markets often respond to things that don't always make sense. Whether it is based on logic or emotion the changes will take the unprepared by surprise. However, savvy investors will capitalize in the changes.

~Michael

p.s. Bonus points to anyone who finds what I am REALLY saying.

Cool! Random Acronym Party!

Sweet, that Y2K bunker will finally come in handy!

3000 pips.... lol yikes! (goes to open up forex trader)

I wouldn't bet on it. A lot of economies in Europe and elsewhere are just as badly affected as the US. In fact with inflation rising, it is just not possible to know what to hold.

This morning my girlfriend was talking about the banks going out of business. She was saying people always talk about the depression and she was never scared because the banks weren't shutting down.

Well, now they're in trouble. So who knows.

The Dow dip is here... as I mentioned in first post. It will just get
worse from here. Really sad.

Daniel

The best thing to do would be to GET OUT OF DEBT and put your dollars to good use (building up your income).

Yay! Another US dollar and stock market is dying thread with more ill-informed opinons all around. (Sorry to those with well informed opinions). Yes things are rough, yes they do not appear to be getting any better right now. No I do not know the solution. Obviously no one knows the solution, or we would already have solved the problem. There are plans being made and implemented to help correct things, and until we know what those plans will yeild we can't declare doom.

They are still handing out bonuses! *totally gobsmacked*

.."STAFF at Lehman’s New York office who helped to cause the world’s biggest corporate bankruptcy are to share in a $2.5 billion bonanza.

The bonus, which has been described by London staff as a “scandal” has been pledged by Barclays Capital, the British-based bank that last week acquired Lehman’s American operation and took on 10,000 staff....."

Fury at $2.5bn Lehman bonus - Times Online

So, American and other taxpayers around the world are now
expected to pay huge sums of money to prop up a load of
financial institutions which would not have existed in a
prudent banking system.

It should be remembered that banks are a service industry
... nothing more ...nothing less. If they are corrupt or
incompetently operated, then they should just go bust
like any other business in the real world!

Its just like Enron again .... only vastly bigger.
If you wish to stop the already obscenely wealthy
parasites from becoming slightly less wealthy,
then go ahead and bail them out (again) !

NMP, I can tell you right now. I'm a Forex Trader and have been for 6 years, I constantly make over $100k a month minimum at it. I don't even have to do anything, I have a forex robot that trades for me automatically opening and closing trades at pre-fixed entry and exit signals I created / designed.

Now, Euro will NOT hit 1.70, not this year, or next either.

Last week there was a 700 Billion / 1 trillion dollar bail out to all the Banks, the US Economy was on the brink of disaster like it was back in 1926 (or was it 1929) any hows, one of those dates any ways. To add on top of that, a record of 144.5 billion dollars was pulled out of the Stock Market last week too, the highest yet by Business Companies who are desperately trying to use funds to pay wages, start businesses etc with, this caused a slow down in the stock market because no one was investing or willing to lend out money.

However, I do agree that Euro will rise from here, but 1.70 is O.T.T

Word to the wise, if you have any money in your bank, REMOVE IT! Keep at least $1k in there for bills etc, never keep any more money in that. The banks are over-leveraging YOUR money, several banks were found to be leveraging your money 30 to 1, when the legal limit is 10 to 1.

All you're doing by keeping the money in your bank is making these bloody private bankers around the world and the fed reserve even more richer and powerful... removing your money and only keeping what you need in there is the only way to get these rates down and reduce inflation caused by our governments, especially USA.

Use the rest of your money to invest in Silver and Gold. I've got over 1/2 million dollars here in Silver Coins, purchase price at the time was around $8 an Oz, I've Trippled my money and since then sold the silver and rebought at $11.12 per Oz just the other day. It's now at $13.39 at time of writing.

It's currently hit past the resistance level of 12.55 or there abouts, and took a stab at 14.00 and failed at around 13.60, give or take a cent. It'll keep trying, if it fails 3 to 4 times in a row, it'll head back down, but I doubt it will, a new support level will be created to head towards $16 per oz... The time is NOW to buy the Silver.

Gold, for those who got in at around $780, have missed the train, it's going to coast for a while, since it's stuck in a pretty tough channel bouncing off support and resistance levels of $880 - $920 respectively.

When Gold makes another stab at $900 and keeps it's position, while Oil reaches for $130, jump in. Silver, Gold, EURO, POUND will go up. Hit these hard. While hitting JPY and CHF hard on the down side.

Well, according the the E.W.T Analysis, it's already in a stage one of a impulse move, but 1.70, well, if you take the data going back from Feb 1997, to current date, that's over 10 years, so it's not coming any time soon. I doubt people can wait that long. I know I couldn't

Yup, and several others I have taught make around the same too, easy when ya know how to read the market properly.

Well, I've been trading for a long time, and one fact I can tell you, the Fundamentalists don't know what they are talking about - they're all hype, they get it wrong most of the time. We Technical analysis guys, know what the charts say, and based on proven analyzable techniques to see where the market is going, tells us the truth each and every single time. 8 times out of 10 when it comes to the Non-Farm Pay Roll reports, I'm in the right direction even when the fundamentalists say it's going to go the other way.

Further more, I'm not on the leading economists side, I'm on my side. If they work for the government, they can all get lost. What has the government, any government done for you that got you out of a pickle? I worked too hard to let my strategies fall into the hands like those people who do nothing more than manipulate the people.