Sir:
Over this past weekend, I began re-reading “Patriots: Surviving the Coming Collapse” . I hadn’t touched it since mid-2000. Wow! page 10 includes:…”just before the Crunch…unofficial debt topped 19 trillion dollars…” a president that didn’t let trifles life ledger sheets and statistics get in his way…the real deficit was growing…”a full scale default on US Treasuries appears imminent…”
Then I look at Internet financial and economic news feeds [and see] Fleet Street (London’s Wall Street) recommending that their client firms get out of the US Dollar (USD), China, UAE, Russia and others moving out of the USD. Many estimates of the debt are running at $40+ trillion, if you count off table and un-funded “liabilities”. A graph of the $USD index since 2003, shows a 30+% drop (no joke!). Pundits like Kudlow crowing that the economy has never been better, even claiming the “dollar is strong!”
In my opinion, we are close to a USD collapse! I’m not blowing smoke at you, as I think its hard to call tops or pick times of events and really no one can, but we are close, if not there!!! – Wardoctor