Futurist Gerald Celente predicts violent revolutio

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Topic: Futurist Gerald Celente predicts violent revolutio

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hallmark
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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

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hallmark
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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.

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shivkumar
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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!

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rapidriser
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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

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basant
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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

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rapidriser
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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

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