Barry Sotoero

A Warning for U.S. Dollar Bears and Commodity Bulls

Hiper Inflation is on it's way. We have not seen anything yet!!

We have not even seen any economic data that is reflective of any past rate cuts. It takes about 9 months to a year to see true economic data reflective of monetary policy. It's almost funny, in about three to five years we will see rates raised in the same fashion as they Fed is cutting them now. Inflation is at 10% right now, believe it or not. The only hedge against the falling dollar and inflation in the past have been gold and oil. Keep buying on dips. The Fed should have just cut rates to zero at least we would have a bottom in the falling dollar. HAHA

What the Fed should be doing is raising interest rates to fight inflation and letting irresponsible lenders and borrowers default on their loans. A free market trade got us here and should be allowed to continue.
It would be nice to see some of this money that the Fed is pumping into banks be used instead to finance projects for alternative energy through large tax cuts or some other means. Many countries like Brazil and Germany are becoming energy independent. Brazil has not raised the price of gasoline since 2005 to their citizens. We need to focus on real issues here like becoming energy independent, cutting interest is a coat of icing on a pile of shi...