Dollar Death Warning

Posted on October 9, 2008 by Scott

OK, this is getting interesting now. The chances of a complete collapse of the US Dollar that leads to its replacement with a new, re-valued American currency (say, “Amero” perhaps?) have increased.
I know, this sounds completely unthinkable.
But would you have believed me a year ago if I said:
- the stock market would be down 40%,
- [...]

Filed under: > Scott's Soapbox, Amero, Mayhem, Silver & Gold, The Meltdown | Tagged: , | 7 Comments »

DJIA Down 40% From 1 Yr Ago

Posted on October 9, 2008 by Scott

One year ago today the DOW closed at 14,164.53.
Today it closed at 8,579.19, a drop of almost 40%.
And people gave me indulgent “You’re such an idiot but I’m too polite to tell you to your face” looks last year as I yanked everything I had out of the stock market, mutual funds and 401Ks.
They voiced genuine [...]

Filed under: Markets & Economy | Tagged: , | Leave a Comment »