barcswine

Technical Snapshot on the U.S Dollar

The US dollar is clearly undervalued; perhaps as much as 40% as I view it. The US economy is still the strongest in the world, and will stay that way long into the future as contrasted with the EU states which are now showing really serious signs of economic instability with the sole possible exception of Germany.

The EU leadership (Ha !) is in complete denial about how this weak and socialistic hodgepodge of member states really is; how weak the euro actually is; and how inferior the "nanny state" is compared with the good old American "can do" mentality and real democracy.

The recent NO vote on the Lisbon Treaty by Ireland is just another crack in the EU mentality that "big brother knows best." Road apples, I say.

I also bet that the EU will cobble together another treaty (Lisbon II, let us say) within 18 months or so, and force the Irish people to vote once again for that which they just turned down. And they call that democracy. Another HA !

But by that time, I will have left Ireland after residing here for the last 15 years, and returned to the USA where a vote counts for something more meaningful than it does in the EU, and where elected officials are not faceless and unaccountable as they are in the monster EU matrix posing as democratic.

Who knows, as the European press is now full of EU palaver about punishing Ireland for its NO vote, perhaps Ireland just might petition the USA for admission as its 51st state. Unlikely of course, but what a HOOT that would be.

Poor Taoiseach Brian Cowen, who now, has to explain to the EU bigwigs in Brussels next week what the Irish people meant by voting NO! There is only one explanation: NO means NO ! It also means "Feck off!" That is what I like about the Irish; Paddy is not as stupid as the EU leadership had assumed. Another Guinness, thank you !!!!


I predict that the EU chickens will come home to roost within 18 months, and then the dollar will once again be the safe haven it has historically been for the last 100 years. Hence, I am truly bullish on the USD.