Philman

The Great Dollar Pump of 2008: A Doomed Central Bank Intervention

NG, the only place you will pay $10 for a latte in France is at the airport, or in a fancy cafe in the center of Paris. Try buying a latte at a fancy restaurant in Manhattan. It is quite expensive. Most of France is still cheaper than the USA.

The dollar has a long way to fall, but, I admit, so does the euro, pound and a lot of other currencies. Basically, paper money will fall in value, everywhere, because they are printing too much. Gold and silver would fall in value (in more than a temporary way) only if the central banks could print it...but they can't. They can only use the futures market to manipulate the price in the short and medium term.

Mr. Conrad began the discussion of futures market price manipulation, and still leads the discussion, with the clarity of his reasoning, and the excellence of his writing -- but others are following the lead, and making discoveries beyond where Conrad leaves off.

Check out this article on Bloomberg. Apparently, everything that Conrad has been saying about corruption on the futures markets is slowly being proven to be true.

www.bloomberg.com/apps...

The Great Dollar Pump of 2008: A Doomed Central Bank Intervention

User 118015, are you joking! Are you a believer in socialism?

This takeover is an unmitigated disaster, proving that the credit crisis is far from over. The U.S. government will be forced to print up to $500 billion, as noted by James Conrad. That is extremely inflationary.

Do you believe that Soviet style communism is an efficient way of handling the economy? That is what we've now got, complete with Orwellian double-speak from the Soviet days. Except it is in America! Who would have ever believed it would come to this?

Capitalism is the best system, not socialism. Fannie and Freddie should have been forced to file Chapter 11 bankruptcy. Did you know that their former Presidents are going to get over $10 million in severence pay from the government? Incredible! All of us will pay for this, big time.

Socialism will sink us, just as it sank the former Soviet Union. Freddie and Fannie's bailout by taxpayers, after all profits were sucked out by executives, is the worst example of how socialism has taken over in America. It will put us into a Wiemar Republic style inflationary depression. Look forward to real inflation (not the baloney statistics coming out of Wash DC) of 30-40% two years from now, or much more.

The Complete List of Currency ETFs

Good work! A lot of meat in this article. No fluff. Nice!