"The definition of the word 'dollar' has undergone such a transformation to hide the fact that it is not money, but a unit of measurement for gold and silver coin. Logically, if there are no gold and silver coins, there are no dollars of anything. Dollars cannot be money any more than quarts can be milk. A unit of measurement cannot replace or become the "thing" for which it is a measure."... Steven Jacobson, Journalist,Wake Up America
The dollar has been in free fall for several months now, the plunge actually started a few years ago, but the signs were to subtle for most to notice, it is rather amusing now to see all the noise the penguins in wall street are making about the Dow Jones making new highs. If you look at my previously Tilted essay the Dow has done nothing this year you will see this noise is nothing but an illusion. Most of these so-called Wall Street pundits are nothing but charlatans in disguise, instead of selling you snake oil they are busy pumping worthless shares. They seem to be more gifted in the BS department then in the Fact finding department. Do yourself a favor, if you want to be a better investor, fire your broker and stop listening to these imbeciles on Wall Street.
It is interesting to note the derivation of the word broker. If we remove the r it spells broke, which means having no money or nothing, so we can simply assume that subconsciously 90% of the brokers know that their advice will simply make you poorer.
However lets get to the topic at hand. As they say a picture is worth a 1000 words so I am going to fill this article with charts. I have purposely chosen some very obscure currencies to show you once and for all the Dollars mighty days are over.
The next step is for the world to declare a new reserve currency and the last step that will kill all the currencies, will be when the public finally embraces Gold as the only true currency.
You have some very simple choices to make, the dollar will probably stage some technical rally shortly however this is just short term, there is no long-term strength left in the dollar.
You can either start investing in other currencies or do the best and safest thing buy Gold and Silver bullion on every decent pull back as these are the only sure ways of safe guarding your self. Playing the currency game can be profitable, we provide a free newsletter service where we monitor the currency markets and the Gold markets carefully. However we are more bullish on Gold and Silver bullion than any other paper currency in the world.
Take heed its time to protect your self now. Waiting and doing nothing will simply result in your driving yourself deeper into the hole of financial poverty. As it is the dollar has already lost approximately 30% of its former value, 30% is not a joke.
If you want to know the true significance of what has happened, imagine how you would feel if your boss suddenly told you that he was going to cut your pay by 30%, you would not feel to happy right. Well wake up your pay has already been cut, you are just not aware of it, welcome to the insidious world of inflation and the only measure of protection against this plague generated by the central bankers are Gold and Silver Bullion. Wake up and smell the coffee now or remain in the comatose state of self-denial.
Sol Palha
TACTICAL INVESTOR
www.tacticalinvestor.com
December 8, 2003