Jim Sinclair has been talking about hyperinflation and the movement of the dollar for 5 years now. Listen!
My Dear Friends,
Under USDX .8200 the wheels of hyperinflation start turning.
Under USDX .7200 the impact of hyperinflation is visible to anyone who can see.
Under USDX .6200 the Quantitative Easing madness hits the fan
Under USDX .5200 Zimbabwe economics now being practiced become a US dollar condition moniker.
PROTECT YOURSELF PLEASE!
My comments:
There is talk recently of a recovery by the end of 2009. Be very careful, the dollar at .82 will signal inflation, which will “look like” a recovery. But it is really a debasing of the dollar, monetary inflation and an increase in the velocity of money. This is NOT real growth, so do not return to your normal investing procedures.
Soon after, hyperinflation and the further debasement of the dollar will start to occur. Velocity of money will start to accelerate, but only because people will spend before the price goes up again. Not becasue they are “investing” for growth.
It is very possible that around this time the government will create a 2-tiered monetary system: a less-valued dollar inside the US and a more-valued dollar in the global market. Your clue for this coming change: the government will not allow you to have your savings into another currency. Make sure you are out of the dollar before this happens.
muses of the moment 