Aired on the Doomstead Diner on October 7, 2014
Discuss this Rant at the Podcast Table inside the Diner
…Looks like the FOREX and Commodities markets are finally catching up to reality, and our friends in Eurotrashland and Japan are getting squeezed first and hardest. I”ve long held the position that these currencies would collapse before the Dollar does, which is one of the key reasons the Dollar doesn’t hyperinflate, despite QE and all the rest.
It’s amazing to me these currencies hold any value at all these days, the main reason for this is inertia, along with the inability of people in the investment biz to grasp that the whole model of industialization is failing.
There all all sorts of Hindenberg type signs going on here at the moment, besides the crashing Yen and Euro, Oil has been getting hammered for the last week, and now Gold & Silver have dropped to around 4 year lows, and likely have a good deal further to fall as well, though there are likely to be upward bounces as well due to short covering and numerous other games played in volatile makets by speculators…