All the folks who poured money into bonds, because they didn't trust the stock market any more. They'll be selling their bonds when rates start to back up. That will be good for equities and for PM. I think we're in worst shape than Europe. The dollar going up in value makes little sense to me. The future is scary. That's why I like to have some PM in the portfolio, 20%.
The end game seems so very, very clear now. There just is no sound argument that the dollar can be saved. There is no scenario that sees things turning around. The interest of a term-limited Administration is hostile to sound monetary policy.
The only question is when will the SHTF? Will it be when the Fed is the only one that turns up at an auction to buy? Will the absurdity of it all sink in and the sheeple refuse to use the dollar? Read "money and credit", chapter 1, or any economics text for the definition of direct and indirect exchanges. A system of direct exchanges is just not practical for a nation of 300 million sheeple, let alone a global economy of 6 billion+ that relies, for its survival, on cross-boarder trade. So, the vehicle for indirect exchange must be gold and silver and/or a currency that has the confidence of its users. That's no longer the dollar.
It's sad, really, if you dwell on it, but exciting at the same time. People shouldn't lament this too much and, instead, see it as an opportunity.