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Date: May 17, 2009 From: Under A Coconut Tree Subject: Prediction - Coming Major Currency Crisis Coming Major Currency CrisisThe latest from Jim Rogers: He's still bearish on the dollar (Rogers has been bearish on the dollar for over a year, and no trader could have possibly timed the currency market on his fundamental analysis). Rogers is getting a little more specific with his bearish dollar call these days. He's publicly stating time on the predicted crash. He tells Bloomberg: "We're going to have a currency crisis, probably this fall or the fall of 2010," Rogers said. "It's been building up for a long time. We've had a huge rally in the dollar, an artificial rally in the dollar, so it's time for a currency crisis. The dollar has climbed against all of the so-called Group of 10 currencies except the yen over the past 12 months, according to data compiled by Bloomberg. The U.S. currency was at $1.3592 per euro today from $1.3582." Possible Scenario... Printing Money = HyperinflationDid you know Germany and Zimbabwe had their major currency collapse. On eBay you can find a stack of Zimbabwe 100 Trillion notes selling for less than $20 as a novelty item - they are completely worthless. Germany had hyperinflation http://www.youtube.com/watch?v=WI1i5yhwOz8 President O'Bummer's Marxist socialism is scary. People are moving out of high tax California and New York to lower taxed states. Millionaires are moving out of the USA Read more... Some buy gold coins. Gun dealers report skyrocketing sales. Everybody has a feeling the shit is about to hit the fan. PredictionI agree, with Jim Rogers that a coming major crisis is around the corner but I don't know of the direction yet... other countries besides the USA are printing money also face the same hyperinflation threat. The direction should be obvious when the date arrives. Whether or not hyperinflation will be the fundamental consensus opinion, "something" is stewing in the pot. But I can be more specific about the date. Watch out for a major movement in currencies during September 2009 and September 2010. You will need the program to get a more exact dates to trade. I have done the analysis of the currency markets. The results are compelling. If you can't afford the book, then watch for a major move develop and hop on the trend. The next major move in currencies will make millionaires... I hope you're one of them. |