Oidon Company, Ltd. (OIDN)

[Spellbound]

More Blues for Your Greenbacks; By Jerry Mazza

Ref - http://www.lifeaftertheoilcrash.net/Archives2007/BluesForGreenbacks.html

EXCERPTS:

...financial analyst Lindsey Williams Newsletter on The Condition of the Dollar, in which he has some add-ons as well. “First on our list is China. They have now announced that they are refusing to accept American corporations purchasing into their stock market any longer as they did in the past. China also said that they are no longer going to be purchasing our securities as they have in the past, including bonds and T-bills. China’s decisions and subsequent announcements at the beginning of the week have sent a panic across the world’s markets.” This is a polite way of saying they are quietly kissing our greenbacks bye-bye.

Williams goes on say, “Additionally, OPEC met recently and they have also stated they will be diversifying into other currencies instead of just the American dollar. They will now begin accepting other currencies and limit the trade of oil via the American dollar.

... Last week a friend of mine told me they called their bank president in Vancouver, BC, and he agreed with everything I have been saying about the dollar. What amazed me the most was her comment that he told her his bank is currently making preparations for the crash of the American dollar!

And Williams winds up with this suggestion: “My dear friends, I urge you to structure yourself and get out of the liquid dollar immediately. I suggest that you get out of stock markets and into international hard assets such as real estate, gold and other assets.