Collapse of the Dollar
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16 March 2008 at 7:43 a.m.
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taxslave (Anonymous) says…
Is anyone watching? I highly suggest that those who have money in the banks get it out and put it into something more inflation proof, like gold or silver. The future of the Dollar is grim.
Keep a close eye on your IRA's, 401K's and pensions…..they are dwindling. I'd cash them in and take the penalty.
We are approaching the end of an era. The American Gold Eagle is worth 1,038 today. The rise in gold and silver is telling us the market is very weak and that confidence in the dollar is falling at a record pace, 1.2 percent on Friday alone.
The Carlyle Group collapsed on Thursday and Bear Sterns on Friday. I expect JP Morgan and others are next.