US Dollar Falls Again. Has The Dollar Bubble Burst? By Gregory Mannarino
Have a look at the charts below.
This one is the US Dollar index from today, Monday 1/15/18. (Down again).
This next chart is also the US Dollar index. (One year).
The current trajectory of the dollar value, and hence your purchasing power, is in terminal decline.
What the main stream media should be concerned with is not if cryptocurrencies like Bitcoin are in a bubble, but if the Dollar bubble has finally burst. The fact is the dollar is a unit of debt, which may indeed be in an irrecoverable fall. It appears that the dollar has started a "random walk" with a downward drift moreover, why would a reversal of this trend occur?
FACT: Global debt and deficits will continue to inflate exponentially, which means that debt notes (The Dollar) will continue to deflate. It is a simple cause, effect scenario.
The general public believes that the dollar value is constant, therefore they will continue to hold those dollars despite every evidence that the dollar is in serious trouble.
Gregory Mannarino, "The Robin Hood Of Wall Street."
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Instead of holding Dollars I bought Steem today. I think it's a good buy after the pullback from 8.40 to 4. Now it's at 5.75. upvoted and resteemed
What is the time to get steem in steep demise?
@sniper08...yesterday would have been the best time. But now it is more secure. The storm is over. Now is a very secure time to buy steem or ether. In the worst case it will go sideways the next couple of weeks but not really lower (maybe sometimes to 4$ for a short time). If you didn't buy so far buy now.
Thats good idea
steem will be above 15 $ before march 2018.
@markzuckerbergs...This is absolutely realistic. I think somewhere between 12-16 $.
i'm expecting more from steem
but there is no loss at all in investing steem
@markzuckerbergs...at least for the next 3 month.
@mafsteem @markzuckerbergs Seriously, there have been a lot of numbers being thrown around as a target by certain certain date. It isn’t just steem but also other coins like smart cash which rose a lot recently. If people would have studied the chart carefully, they would have been more cautious regarding the path of crypto going forward. In the stock market, a stock needs to prove itself if it fails to break its ath. The bitcoin reached its high dec 17th and since then it’s been making lower and lower low, so I am not sure what makes people that certain that one coin can reach such and such price by a certain date.
That said, I have a preference towards steem since it has a real system that gives cash flow through steem power and sbd unlike other cryptos.
Hi! @mafsteem, where are you gone some this day...
I always thought that the euro would go down the drain faster, but it seems I was wrong.
Thanks for all your work Gregory.
Upvoted and resteemed.
@stehaller...I thought this too. But the Dollar is the main currency so it is logically it's the first who runs to the intrinsic value.
@mafsteem ...I want my Deutschmark back!
@stehaller...Deutschmark is lost foreever. Maybe there will be a Deutschtaler.
@mafsteem...let's hope it will be gold backed.
@stehaller...at least a part of it.
@mafsteem...Thank God they brought the gold home.
Agree with you
sunguh interesting your articles i like if there is time come my blog thanks friends
You will be proven correct. People here are faked out thinking that the usd is ending now.
@stehaller Look at the rally in USD when it was so lope-sided on one side today after this report got published. The hedgefunds now showing the biggest long in EUR. Just look at the election in March in Italy and the growing discontent in the EU towards the refugees policies. Just search online for how many got 1000EUR just for becoming a refugee in italy while locals and elders are forced to pick up left-overs from recycling bin. Those people even had the guts to protest against their treatments in Rome recently nearly the Termini station.
@marketreport are right on a lot of things but I believe the call for the USD going straight down to hell is a little premature. There are so many bad apples out there before the USD.
Also, check out Martin Armstrong. His computer model is saying 2018 will prove to be a fake-out year meaning there will be lots of fake-out move either on the downside and on the upside.
Very important info.. thanks for the update sir.. 👍
Yes very important...👌
upvoted and resteemed.
This is a dollar centric view. There are a lot of other currencies like the Euro that will need to fall first before the usd will finally crash. Don’t fall for these fakeout. The usd will be a lot higher compared to eur and other currencies by the end of the year.
Check out Martin Armstrong latest blog.
yes sir mr. robin hood
Really Nice Post and Upvote and Resteem
upvoted and resstem
he is robin hood
Upvote & resteem done sir
@marketreport
Thank you sir
your market reports and news are wonderfull work for me and help me always @resteemd
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