matty1053 said:
Ouch. This is gonna hurt. Wonder if markets are gonna go down for the week now.
You can count on they will continue to go down until there is no more market, as it is now(already the 'market is not what it was originally invented as). There will be days it goes up, but we were at 18500 within the last 6 months. So the trend is down overall and will continue until more QE, level off for literally a flash, then take the final dive.
Look, when the Dollar continues to become radioactive to huge economic unions and 70% of the planet, countries will have no use to hold them while we print more of them and they become Zimbabwee style worthless. They have already stopped buying the Dollar and huge segments have began selling them back to the only buyer, us.
The FED had around $800B on its books in '09, now they have $4.5T because no one is buying (and that's just what they admit to). The FED is
requiring the TBTF banks already to put dollars on their balance sheets. And soon will require pensions and 401Ks to have a mandatory percentage. No one is buying dollars, they are selling (unless they fear for their lives).
But before that, expect more money printing. They do it now by stealth or proxy (the EU and Japan), but soon will have to announce it to stop the all-out crash, should they chose.
People can disagree, but the FEDs mission, whether intentionally or by actions, is to destroy the dollar, not save it. Why else would they have abused it to the point of worldwide rejection? They just wants steal as much hard assets as they can and get to New Zealand or underground before 'it' happens.
