FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*rogue, I hear ya' on Gross

I guess his talk of 1 or 2% inflation fits perfectly into his forecast that the Fed will stop raising interest rates and may even lower them next year...

I still believe we're stuck in a corner... conundrum be damned... if Greenspan stops raising rates or even lowers them, then the dollar falls into a bottomless pit just like the Federal Reserve has been filling since its' 1913 inception... and that in itself would send inflation through the roof as the world's reserve currency began to show its true colors & the fact that it's backed by nothing but a bottomless pit of trillions & trillions in debt...

And yes China's revaluation will create inflation... I would have to say that a good 90% of goods that Americans purchase are majority-manufactured if not entirely in China... a revaluation of the Yuan sends the cost of these goods up significantly, this would surely be felt by the middle-class American consumer...

Bottom line here, I think we're "doomed" and that this doom will begin slowly waking people up to economic reform and the entire old system will get thrown out, somehow we'll emerge with a concrete system which doesn't put trust in government or banks but something physically out of their control (in which they can't manufacture out of thin air) such as $GOLD or $ILVER...

We just have to get through the masses waking up first...