Bernanke’s Plot To Overthrow the US Dollar
by Bill Bonner
Where’s the Bastille…?
The Dow got a boost Thursday – up 143 points.
Gold remained where it was – about $1,617.
Dear Readers know what we think.
The Great Correction has a lot of work to do – there are so many things that need correction. And it will take time to do it. Meanwhile, your goal as an investor is to lose less money than everyone else. He who loses least wins!
Stocks should go down. Real estate should go down. Even gold should go down…as the dollar goes up!
Cash will be king…
…until the revolution.
What kind of revolution? When?
Ah…dear reader…you’re asking a lot from a free service!
But what the heck… We’re happy to tell you what we think. We just hope it’s worth at least what you paid for it.
Here’s the way we see it. Cash is king in a de-leveraging, dis-inflationary, depressing slump. The king should reign for a long time…because it will take a long time to squeeze the excess debt out of the US economy.
But as you know, there’s a lot more going on. While the private sector reduces its debt the public sector adds debt. And the people who run the public sector are activists…determined to de-throne the king. They are plotting treacherous acts of insurrection… They are looking for the Bastille!