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Re: FinancialAdvisor post# 8887

Friday, 06/10/2005 10:50:52 AM

Friday, June 10, 2005 10:50:52 AM

Post# of 25966
***USD index really accelerating and on a Friday, pointing out just how bullish the trend is and has been since it "broke out" in early May. Fundamentally all should be aware by now that the U.S. paper dollar is more accurately denoted as bankrupt. And technically we know that it went down basically 3 straight years, so even "dead cats bounce" as they say on Wall Street...

Wouldn't it simply be patriotic to have the USD index rally into July 4th? What about "Labor Day?" When do foreigners simply give up on the "USD index" and simply stop supporting half of the world's military spending? Are foreigners really willing to pay for the United States war machine?

It should be interesting to watch how the internationally-tied central banks treat the banana republic "bankrupt" USD going forward... after all, they put the dollar in this situation... would they be so kind as to alleviate or find a cure for a dollar stretched to thin on debt? Could they possibly be so kind? Judging by the Federal Reserve Act of 1913 and seeing the $GOLD & $ILVER backing of the paper dissapear into nothing but a "faith-based" system & it seems as if the answers become all too clear, what does "stage 3" bring of the longer-term scheme?








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