Oh Yes !!
always do opposite of what GARTMAN tells you
China is doing a 3 yr currency swap trade agreement with many countries, even the German, EU, British, Australian signed up and start accepting the Renminbi ( Yuan ) to do trade.
The amount will eventually get bigger and bigger because countries can save lots of money by not using the USD
When you see the British and the European signing up , that sends a very negative signal for the USD
$800 Billion to $1 trillion spending in US MILITARY, this is the main reason why United States are heading for bankruptcy and can't pay its bills.
The last debt ceiling talk agreement, Obama have to cut $1 trillion in 10 yrs time to get the $1 trillion.
Cutting $1 trillion in 10 yrs is like cutting $100 billion a year, Obama basically not cutting anything and still borrowing over a $trillion a year
3 months extension of the debt ceiling ... By FEB 2014 , Obama needs to borrow again
and again and again
It's a dead end strategy , US borrowing way more money than they take in.
USD will crash big time in 2016-2018
I'm preparing already for this coming EPIC CURRENCY CRASH in 2016-2018
You got about 2 yrs to collect cheap silver and cheap gold, once it gets near 2016
buckle up for the rocket ride
The Fed likes to talk up their threat of QE tapering to create the illusion that all their worthless printing are working and the US economy are recovering... that's all fiction.
10 yr yield skyrocketed ( only came down a little recently on no fed tapering )
Mortgage Rates are rising
Bubble Bond Market are going out of control
Housing market hit a break wall again
and most of all NO JOBS CREATED
Now you ask yourself under the circumstances above, what kind of fed tapering can the fed do ?
Another way of putting it, expect close to $1 trillion a year qe in 2014 and on...
2016-2018 ... this Crash going to be 1 Massive Epic Currency Crash , the USD and the Japanese Yen will play a big role in this currency crash.
Silver will hit $500 oz and higher in 2016-2018
This will be the ultimate crash of all crash. I see the YEN and the USD will play a big role in triggering this coming currency crash in 2016-2018.
Unlike the 2008-2009 subprime crash which lead to everyone flocking to the USD for safe haven. This coming 2016-2018 currency crash going to be the exact opposite, everyone fleeing the crashing USD and the dying YEN and funneling the money into other assets like Silver and Gold.
I see 2016-2018 going to be related to a currency crash .... YEN and USD ( these 2 are full of debt and cannot stop printing , both printing $trillion a year. )
You can see a imminent currency crash coming, i see 2016-2018 going to be 1 epic currency crash that no one have ever seen before.
2000 DotCom Crash ( Nasdaq 5000 dropped to almost 1000 )
2008-2009 Goldman Subprime Crash
The 2008 + 8 yrs = 2016
This coming crash going to be related to CURRENCY, i predict YEN and USD going to do a mother of all crash in 2016-2018
That's when Silver suddenly skyrocket to $200 or even $500 oz
CPM Group still sees weakness in Silver but they think is close to a bottom.
Silver 2015-2020 ( new high ?? ) how high ? 2011 high is around $50.00 oz
Silver 2015-2020 $150 ? $500 ??
99% betting on everything is okay and debt ceiling gets passed in the last minute again... WISHFUL THINKING
When 99% bet on everything is going to be okay
1% will take all their money .......... ( MAJOR UPSET / US DEFAULTED )
The republican can finish off Obama on this upcoming debt ceiling fiasco.... debt ceiling doesn't get passss = CHECKMATE FOR OBAMA
After US default..... Obama have to raise TAXES and DO GREECE CUTBACK
Obama and his party will lose in mid term election in 2014 ( 100% guaranteed )
Obama needs to raise the debt ceiling BADLY !!
this is his only option to come out in 1 piece
do the unthinkable
do something no one can predict or expected
that's how you win big time
that's right inflation
perfect for gold and silver
If US Debt ceiling doesn't get passsss .. What's next ?
answer.. US will default
What's next ? ... try to pass it 2 or 3 days later and if that doesn't work
What's NEXT ?
Major Cutback ... something Obama cannot do
Raise TAXES immediately to meet US financial obligation ... something Obama cannot do again
THAT'S CHECKMATE FOR OBAMA ____ raising taxes and doing deep cuts ____ guranteed the democrat will lose big time in the mid term election 2014
Republican gets blame for not passing the debt ceiling but Obama and his party will get the full blame for raising TAXES and cutting down to the bone ____ let's not foget with a worthless USD ____ american people will feel the pinch too, once again blame Obama and the Democrat.
I truly think Republican can benefit for screwing up the debt ceiling and make Obama pay for it in the mid term election