Category Archives: 4.22.12 Banks allowed to short sell dollar
I received this from a friend (Thanks Jill) and it only confirms what I have been saying for a while now. The dollar is going to devalue after the RV. Some reports are saying by as much as 40%. I am not sure of the loss we will experience but I do believe we will feel it across the markets – stocks – bonds and other investments relating to the US and its holdings. This is not a doom and gloom article in fact I think those seeking truth find it enlightening and a heads up. It makes us aware and able to better judge what to do post RV or for those not involved, how to protect what is your nest egg.
I personally was never going to cash into dollars more than I needed to take care of things. If the world is going to hinge off of Iraq as it appears, then it may be good to keep it in Dinars – no tax unless cashed in and you still have the leveraging power of its full value.
I know some say it is way to volatile to leave in Dinars and I agree one should diversify it out amongst other “Safe” currencies but I am simply saying that I do not believe that Iraq’s currency is going to be as volatile as some think. The world is setting up over there and that should say something.
I would never advise people what to do and please do not take this as such. I have people ask me all the time what they should do and people that is all dependent on how much you have, what your debt load is, what your goals are and your age and further more your Risk level as a person. I play hard and I have fallen hard but it is in my nature to be on the edge so that would not play well with an ultra conservative investor.
I do believe the publishing of this article brings into light one other thing and that is we are very close to this popping. Why would they talk about it and print it if it were not close.
Prepare my friends as time is actually on our side for this event so that we can prepare.
I am also including in this anthers opinion of this article. I do not know this Michael but it appears he and I are on the same page.
Banks open to shorting dollar
|Global Times | April 17, 2012 22:18
By Wang Fei’er
Michael’s comments from the Vista Group:
What this means is, as the dollar is shorted by Chinese banks and investors, the value of the USD will plummet closer to parity with the Chinese Yuan. This has been a long-standing goal on several sides as a way of balancing out the trade deficit between China & the US. Even though we may lose value in the USD, our jobs will return back to USA shores. A rapid appreciation of the Chinese Yuan would severely disrupt the Chinese economy. The US has a fallback with the creation of the Treasury dollar backed by assets. Time will tell just how well this will all play out, but I am confident the RV of the IQD is part of the equation which will help stabilize markets and personal portfolios during the upcoming shifts in global currency values.