I’m still predicting a dramatically weaker US Dollar in foreign exchange in the months to come. As I’ve mentioned before, you should watch the US Dollar Index (USDX) closely. If and when it dips decisively below 72, watch out. From there, we might see a precipitous drop! (Back in August of 2007, I first mentioned the “magic number ” 72. It is a sort of “line in the sand” number for currency traders in their assessment of the US Dollar. Anywhere south of 72 lies extreme peril–and below 55 perhaps the traders will start to question the very existence of the US Dollar as a viable currency unit. It is notable that the USDX has been bouncing off the new-found “floor” of 72 for the past three months. Continue to watch the USDX closely. It is an important barometer that may provide a brief warning of of a Dollar Collapse.
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Speaking of weaker currencies, Paul from Kentucky sent us this: Zimbabwe to remove [more] ‘zeros’ from currency.
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Jack B. mentioned this: Inflation dogs Russia’s booming economy. When inflation worsens, move even more of your assets to tangibles.
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Thanks to Cheryl N. for this article link: Costco to Raise Prices as much as 15%. If you haven’t done so already, it is time to implement an Alpha Strategy, in anticipation of mass inflation. The spiraling price of fuel, just by itself, is making significant inflation inevitable. If you need to exactly what to stock up on, see my “Rawles Gets You Ready” preparedness course. It is geared toward stocking up at “Big Box” stores such as Costco and Sam’s Club.
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It has been announced that Terminator: The Sarah Connor Chronicles (TSCC) will return to the small screen on September 8th. IMHO, it is the best quasi-survivalist show on television. (But I’m probably not the best judge of that, since I don’t get the chance to see much television. We don’t own a television set. The few shows that we do watch are either on DVD or via Internet streaming.) OBTW, this reminds me: One of the stars of TSCC is Summer Glau, who played River Tam in the outstanding television series Firefly, and in the subsequent Hollywood movie Serenity. A new Collector’s Edition of Serenity was recently released. Great stuff!