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Endeavour Silver Corp. Message Board

  • quailrunrd quailrunrd Sep 27, 2013 2:59 AM Flag

    Where is the U.S. dollar headed?

    Look at the 4 idiots leading the 2 political parties in the senate and the House of Representatives. They are jokes wearing mantles of human beings. John Boehner and Nancy Pelosi in the House of Representatives, Harry "the idiot" Reid, and Mitch "one foot in the grave" McConnel in the Senate. Do they inspire confidence anywhere in this universe?

    Then we have Obama as our commander in chief with his approval ratings now dipping way below 50%. Obama is as clueless in domestic policy as he is in foreign policy. Affirmative action coupled with the Peter Principal has elevated another government idiot to the highest level of our country. God help us!

    Couple all of this with the designated protector (agency) of our currency, the Federal Reserve, who has totally lost sight (as well as transparency) over monetary policy. The Federal Reserve at the conclusion of their last FOMC meeting revealed they are totally clueless! They have printed $2.9 trillion of free currency during the last 5 years as a grand experiment to "bolster" our economy with no effect whatsoever. So what happens to the free float of all that additional fiat now floating around in the marketplace? Well....that gargantuan expansion of credit festers like a malignant cancer underneath the surface of a complacent population that demands government crutches to finance a free life style support system...and the Federal Reserve supplies the conduit. How long can this "easy ride" last? Tick, tock, tick, tock.... Maybe it can last for a couple more months. Maybe not.

    And so we have government leaders who inspire absolutely no confidence in governing with approval ratings heading toward new lows and a Federal Reserve hell bent on destroying the U.S. monetary system. Our fiat dollars are based on the "full faith and credit" of the United States Government. Unfortunately, our credit is shot and our faith in government has eroded beyond repair.

    The U.S. dollar will soon be toast. Got silver?

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    • I decided to take another position which would be beyond a core. If I need to cost average, I will have cash placed aside. Reasoning isn't totally based on a manipulate dollar, but based on the coming together of several events. Some are: Earnings guidance for 2014, timed to a budget agreement. It doesn't matter as to the outcome of the budget talks, as to just an agreement. For now, this is just another yearly budget circus. Margin use (futures) has started to increase a bit today. Of course these events are short term - as we all know that longer term results will wipe out the middle class. Add Asian commodity exchanges backing gold as in physical holdings. China will have more control and this scares the bullion banks and places the Fed between two hard rocks.

      • 1 Reply to newscentral2002
      • as europe collapses the money flow strengthens the US dollar despite QE, China continues to import Gold under the radar, they are buying up gold companies all over the world and it goes directly to China, there will be no active buying on the comex, they want to keep gold prices down to continue their accumulation and Obama is helping them, when China is ready to make their move that is when PM will make its move , our time will come but is is not around the corner

 
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