the Fed pool
Who's game to make a guess
at the date of the demise of the US dollar?
I mean, there'll be several more warning tremors,
like the ones we're seeing now,
but what day will people look back on and say, "that was the day
( when the world finally had to admit the bloody obvious? )
at the date of the demise of the US dollar?
I mean, there'll be several more warning tremors,
like the ones we're seeing now,
but what day will people look back on and say, "that was the day
( when the world finally had to admit the bloody obvious? )
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then i could roll on in blissful denial!
Now, would you like to join this game,
and pick a date of your own?
A little currency might make it more interesting (not to mention ironic) -
whoever's date is closest wins the kitty.
I'll put 100 yuan down (just under 20 bucks), any takers?
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The 1929 crash, for example, took a month from top to bottom,
starting on Thursday 24 October,
and that's not including a 17% drop that occurred in early September.
But it's Tuesday 29 October that people look back on as Black Tuesday,
because that's when the realisation took hold
that there'd be no rally this time,
and people started jumping out of skyscrapers
rioting in the street etc.
So i'm talking about a psychological turning point here.
There'l be a series of collapses,
then at some point, people will say, "this is it!"
and after that the dollar will plummet.
As i mentioned above, i think that point will be signalled by China,
but if you're looking for a deeper cause,
then just beforehand, it'l be the banks radically tightening the money supply.
Again. The fuckers.
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