The dollar short-squeeze resulting from the trillions in wealth destruction in the United States has ended and the near term dollar strength is over. American and foreign investors in dollar denominated investments will over the next decade discover the value of the dollar may well lose 80% of the value at the end of 2008. American investors should diversify their IRA and retirement plans, personal savings and even real estate investments outside their home and maybe vacation residence outside the United States and our collapsing currency.
Bernanke did not cause the Bush/Greenspan Depression but his efforts with the Federal Reserve at the request of the political establishment of both political parties will turn a severe but short-term recession/depression into a year-after-year worldwide depression of uncertain severity and duration.
Get out of the dollar over the next few years while you still have some value and purchasing power to convert to hard currencies outside the dying Washington empire dollar.
Escape sooner rather than later!
Sion
