Futurist Gerald Celente predicts violent revolutio

	Active Topics Memberlist Calendar Search Help
	Register Login

Buffet, Lynch and other legends - Investing Strategies
The Equity Desk Forum :Market Strategies :Buffet, Lynch and other legends - Investing Strategies

Topic: Futurist Gerald Celente predicts violent revolutio

	<< Prev Page of 3

Author

Message

hallmark
Senior Member

Joined: 27/Jan/2008
Location: India
Online Status: Offline
Posts: 366

Posted: 22/Dec/2008 at 5:51pm

Let me humbly submit that Marc Faber is predicting that the US would have to declare bankruptcy. We cannot rule out the possibility of Sovereign Wealth Funds looking for higher returns and eventually buy the Chinese Yen and Indian Rupee. However, you have to aks whether China which has given economic rights to it's citizens at some point would be forced to give political rights. When man is given food,water he later protests,etc. Would China crack down like in 1989?

Edited by hallmark - 09/Jan/2009 at 12:24pm

IP Logged

hallmark
Senior Member

Joined: 27/Jan/2008
Location: India
Online Status: Offline
Posts: 366

Posted: 22/Dec/2008 at 6:07pm

the dollar's underlying asset is Gold. At some point these SWF will shortsell the dollar and go into other currencies. As all the commodities are denominated in dollars, No wonder! Marc Faber gave a price target of 3500 US$ for Gold.

The commodity cycles according to Jim Rogers are of 17-20 year time spans. The cycle of boom which began in 1999 would last for that timeframe. We will see Gold at that level.

Think about it. Central Banks are printing currencies like there is no tomorrow. There is excess liquidity. Nobody wants to be a farmer. The commodities are in short supply. They can be increased only in time. No wonder Jim Rogers is through with US stocks.

IP Logged

shivkumar
Senior Member

Joined: 02/Oct/2007
Location: India
Online Status: Offline
Posts: 2037

Posted: 22/Dec/2008 at 6:45pm

No longer is gold the underlying asset of the dollar. Printing presses owned by the Fed seems to be the main underlying asset. The other assets are trees that produce the papyrus pulp!

IP Logged

rapidriser
Senior Member

Joined: 18/Nov/2007
Location: India
Online Status: Offline
Posts: 966

Posted: 22/Dec/2008 at 6:19am

Originally posted by shivkumar

No longer is gold the underlying asset of the dollar. Printing presses owned by the Fed seems to be the main underlying asset. The other assets are trees that produce the papyrus pulp!

Shivkumar ji! You have presented a very biased view of the US Dollar. It's also backed by another valuable underlying asset...........the printing ink

IP Logged

basant
Admin Group

Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403

Posted: 22/Dec/2008 at 9:27am

to cut down the cost and once the dollar gets devalued they can print more of US$ 1000 notes!!!

'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in

IP Logged

rapidriser
Senior Member

Joined: 18/Nov/2007
Location: India
Online Status: Offline
Posts: 966

Posted: 22/Dec/2008 at 9:56am

Originally posted by basant

to cut down the cost and once the dollar gets devalued they can print more of US$ 1000 notes!!!

......or they can follow Zimbabwe - the world leader in currency printing.

On August 1, 2008, ten 0's were removed from the Zimbabwean Dollar, reducing 10 billion old Zimbabwean dollars to one new Zimbabwean dollar Shocked

IP Logged

<< Prev Page of 3

Printable version

Forum Jump

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

This page was generated in 0.105 seconds.

Bookmark this Page

Most Participated Topic