Loading ...He states:
“The US Neocons would do well to heed the old saying “People who live in glasshouses shouldn’t throw stones” – the key to neutralizing them is to dedollarize, collapse the dollar and starve the US military – industrial complex of the torrent of foreign funds that it depends on for its power. The rest of the world knows this and, after making sure that they are able to defend themselves militarily (in the case of the major powers), are taking steps to dump the dollar and push it off its perch. This of course will be a huge driver for gold, especially as most other currencies are also in a parlous state.”
I agree with him here but we really don’t see the wholesale dumping of dollars, even with rates falling and an inverted yield curve. I’m not sure the rest of the world has enough strength or stomach to dismount the dollar.
Current Standings:
Buddha 3-1-1
Gartman 1-3-1
