muses of the moment

January 23, 2012


Filed under: Dollar Crisis, Martin Armstrong, Precious metals — totallygroovygirlfriday @ 1:43 pm

Dollar is taking a dive today and gold has passed 1675, but so far meeting resistance at that level.

It could be that Martin’s turning point on January 18, 2012 is tied to a temp top in the US Dollar. We shall see.

The Fall of the Dollar

Filed under: Dollar Crisis, The Dollar Crisis — totallygroovygirlfriday @ 9:25 am

Almost 50% of US Dollars are held outside the US as a store of value and a vehicle of exchange.

The dollar’s ultimate power is mainly the purchase of oil. That is changing quickly. China is making deals left and right to purchase oil in anything but dollars.

When the US Dollar is debased, the oil producers make a lot less money and countries pay way more than their home currency for energy. Dollar inflation is exported, the globe is getting very unhappy about that.

Lots of dollars come back home. Because currency can travel faster than light electronically and all countries have too much debt, we will probably see some spikes downward before a collapse in the dollar and a forced restructure of the dollar and/or US debt.

Not sure on the timing of the collapse of the dollar, I will leave that to Mr. Williams.

Bill Moyers

Filed under: Bailout Nation, Bank bailout, Odds 'n ends — totallygroovygirlfriday @ 9:07 am

Bill Moyers is back (as gg mentioned before). He is doing a five-part series on The Financial Crisis and Bank Bailouts. Click here for part 2. Very informative, if you not familiar with the details. Great reporting, even if you are familiar with the details.

“If they are too big to fail, they are too big to exist.”

Latest Release from Martin Armstrong dated January 21, 2012

Filed under: Long term investing — Tags: — totallygroovygirlfriday @ 8:53 am

Click here for Martin Armstrong’s latest release entitled Gold: Near Term dated January 21, 2012 (17 pages). Includes one gold chart and one DOW chart. Starting on page 9, examples of monetary crisis.

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