I note many argue that the US dollar has become a safe haven owing to the volatility of the financial markets. But I have grave doubts over this argument. You simply must not hold the US dollar in times of financial crisis caused by the devils in Wall Street. The US economy is in serious trouble and how come the US dollar can be strong? If you use basic mathematics, then you should have a rough estimate of the unlimited money that the Fed needs to print in order to bail out the devils in Wall Street. The effect will undoubtedly devalue the US dollar. It's just a matter of time.
You may ask then how do you explain the recent rally of the US dollar? Here are some of my ideas:
- The other major currencies like Euro, GBP, CAd, AUD are facing similar financial problems caused by the housing and financial crises created by the devils in Wall Street. Their central banks are also printing money to devalue the currencies. Once they start doing that, the US dollar would on comparison become LESS weak.
- The main reason for the strength of the US dollar, however, is something that many may have overlooked. Don't you know that the devils in Wall Street are in desperate need of US dollar in order to de-leverage, to maintain capital, to continue to manipulate the stock and bond markets? Don't you know that the devils need US dollar to cover their leverages and over-speculations?
- The toxic debts and dirts that the devils in Wall Street gave birth to have generated many blackholes in Wall Street sucking US dollars and human lives into their hellish mouths! Think about the amount of US dollars that they need in order to keeping filling the void inside the blackholes! When you need cash in US dollars, what can you do? You must sell your assets including foreign currencies in Euro, GBP, etc., stocks, commodities, bonds, real property, whatever, in order to raise cash. So when the devils are selling everything else so as to get US dollars, the price of US dollar will have to go up! Simple carry trade risks and imbalances?
So don't ask me to believe that investors are holding USD as safe haven! The situation is more like drug addiction: the devils need more drugs to keep them alive! But the drugs are precisely the poison that is killing them. Yes, drug addiction means you must give up taking the drugs at the end. So think about the losses you will get if you hold on to the US dollar like the toxic drugs that drug addicts need.
God, if you can help us, help us now.
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