US$...reserve Currency

[cash123 10]

http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM817/PR

 

Not for long according to this research...

 

comments?

[MadMarketScientist 11]

Video seems a little over the top, but hard not to agree with the logic. The debt is killing the US and with the downgrade, it looks like it is happening. You are lucky being in Vancouver!

 

MMS

[Cory2679 11]

The video was interesting, but like so many videos with an agenda of its kind, it mixes truth with misinformation, disguising itself as wholly truth...the Zeitgeist videos come to mind...

 

This chart, in particular, jumped out at me as a red flag...scary looking right? The current activity is mimicking that of after the 29 crash, right? Since it begins in the 30's, it must be relevant to the crash, right? That's what they implied in the video, more or less...

 

They overlayed the current market action, starting witht the 2008 crash, with some action from the 30's (implying, to me, that the same thing is happening now that happened after the 29 crash)...

 

 

But a closer look will show that this is a stupid, irrelevant comparison, which appears to me to be intentionally misleading...

 

 

And then, as I got to the end, it all made sense...they're trying to sell something!

 

Interesting to watch, but use a healthy level of skepticism.

Edited August 7, 2011 by Cory2679