Ovidius - What was JP Morgan's 5 year ago forecast for where we are today? The major investment bankers have lied through their teeth and still are. They are imploding on a daily bases, the truth that comes out is 100% opposite of what they have been saying. Chances are if their lips are moving they are lying. And then there is the government telling us there is no inflation!
The people I am listening to have been right on for the past 5 years. Don Coxe, Jim Paplava, Peter Schiff, DR. Ron Paul.
All of the guys who have been right in the past 5 years are forecasting more sell off in the dollar. Higher commodity, energy, and precious metals prices, etc. are going to be a result of GLOBAL printing presses running full tilt cranking out fiat paper. I am not going to hang my hat on any paper currency, rather investing my money in companies that have large commodity resources, still in the ground, in "safe" countries. The Congo and Russia are less "safe" than Canada and Mexico.
It's amazing how well I am sleeping these days knowing I don't have to worry about another 50% decline in the dollar reducing my savings to rubble.
My 2 cents.
Kipp
