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1 The dollar going up is what breaks the back of the world monetary system, so a lot of these people who keep calling for the dollar to crash for gold to go up or something, I just laugh at them because the world monetary system is going to do great if the dollar goes down.
2 Dollar going up pretty strong into 2020 or 2021 at latest. That’s what’s going to break the monetary system. The dollar is reserve currency because it’s only place to park money. People keep talking about US debt at $20 trillion, but global sovereign debt is over $200 trillion
3 The dollar is not going to crash. It’s impossible. There’s nothing on the opposite side to compete against the dollar. China is not fully free yet. Japan is a joke. They’ve been buying 97% of their own auctions. It’s really a complete mess. There is no competition to the dollar
4 The dollar is not even a petro currency. That is an absolute falsehood. If you take the energy (sector) and compare it to global GDP, you’re talking about 7%. I don’t care if you want to price it (oil) in Turkish Lira, it’s not going to change the dollar.
5 What’s going to happen is the whole thing is going to break and the Federal Reserve has to become the central bank of the world by default. Fed wanted to start raising rates in 2014. They waited until the last quarter of 2015. Why? Because emerging markets were saying...
6 “Please don’t do this.” The IMF was lobbying, ECB said, “If you raise rates, all our banks, it’s going to be difficult.” Yellen kept coming out and saying, “Listen, we have to normalize interest rates” because you have all the pension funds that need effectively 8% going bust
7 Fed has lost the power to actually control the domestic economy. It’s lost domestic power to International. It’s become the International reserve currency and central bank because everybody else is lobbying and saying, “Please don’t raise your rates because then we get hurt.”
8 by 2020 or 2021 you’re going to see a currency reset. You have ten year Italian and Greek bond rates below that of US... a completely manipulated market; both Japan and Europe have destroyed their bond markets, completely utterly destroyed them. They are the buyers. That’s it.
9 Once you start seeing the cracks in Europe, you’re going to see interest rates rise fast because there’s nobody in their right mind who can buy a ten-year Italian bond at 1.3%. Once the ECB is forced to stop (manipulating), those rates are going to jump to 10%, instantaneously
10 capital has no choice but to come to US. you’re going to see a rush into stock market and key will be the Dow. The price of gold will go up when whole monetary system cracks. the big rally in gold will probably come after 2020, 2021--Martin Armstrong https://www.youtube.com/watch?time_continue=183&v=DFRuRoqLKZU …
The dollar is the "root of all evil" spread out all under the ground. 9/11 created "Ground Zero", which took everyone's feet off the ground. Instead of "down to earth" people, that marked the beginning of narcissism. We have to get on the ground again and cut the weeds.
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