The Mother of All Currency Crises
This encompasses nearly everything I have to say about the U.S. dollar at this juncture.
I urge every Fool to read this article, spend some time chewing on the topic, and consider the ramifications of a world unwilling to bankroll the outlays already committed to by those in charge.
The fundamental case for gold and silver has never been more rock-solid, and the dip into quantitative easing will be shown to have placed a cement floor beneath gold prices that will not be breached again for many years. With a caveat of extreme volatility to come, all commodities related to human necessities such as food, fuel, and the core industrial metals like copper will see a resumption of the multi-year bull market even in the face of dwindling demand from the (former) Western economic powers.
Like it or not, Fools, this is the new economic reality of the 21st century. The USD, as discussed here, is doomed. The $1+ quadrillion market for derivatives set the stage for the collapse of the currency, and the bankers and bureaucrats chased the things right into the void with $13.5 trillion to date and much much more to come. Fellow Fool Alyce lays out here some other things to be thinking about in this context, and I hope many of you will give it serious consideration.
Last year many headlines instructed you that it was time to panic. Well, it never was. It has always only been a time to prepare. Good luck to all Fools.