The Attack on the Dollar – Part 1 of 2
by admin on Sunday, March 14th, 2010 | 15 Comments
In this Video, Richard Maybury discusses the dangers facing the US Dollar. In response to the recent economic downturn, the government has drastically increased spending and is paying for it by printing dollars. This tremendous increase in the money supply can have only one outcome a massive inflation.
How is that short on gold going, CB9YT? It hit 1200 today…987 sure was a “top” huh?
Yea, OK, where is gold now?
I notice that CB9YT. Makes a comment and promptly closes his YOUTUBE account. Typical liberal tactics. Cannot stand behind what he/she says… Thx Richard …what a service to all who are interested.
I really am enjoying listening to the various scenarios and ideas which Mr.Maybury talks about in these videos. Are the ideas and scenarios all going to happen? I seriously doubt it. But, I think some of them will without a doubt happen, and if not entirely, they will to some extent. Use your head, listen to what he says, and see if it makes sense to you. I hope the U.S. enjoys another few hundred years of prosperity, but I am not betting all my (fiat) dollars on it!
Thank you Mr. Maybury! You are doing an excellent job with these videos. Having read ALL your books with my kids (some more than once!), it is great to have your up to date perspective on what is happening now. We are all very grateful for your work and the way it has opened our eyes!!
CBY9T…. why do you waste your time listening to him then? They say time is money but that’s not true because no one can add more time to their life whereas money has no end, so one ought to think more about what they spend their time on than what they spend their money on. At any rate — metals are for diversity and long term value protection, not get rich quick.
I think more or less that many of these ‘gloom and doomers’ aren’t saying that the sky is falling, as much as saying that the government is building a house of cards, ripe to collapse.
I think that’s a much harder argument to refute. 1) What if there’s another war? 2) What if countries stop funding our debt? 3) What if a few bonds are called?
Most of the gloom and doomers write about the fragility of our current system, a key difference from your point.
I’m short gold from 987. I went short in February, 2009. My protective stop is 1,019. My profit target is 832. If gold trades above 1,019, I’ll shut my big mouth and admit my mistake. However, it will never happen. Gold is headed lower (much lower). The gold bull market is over.
Just before 9/11, gold was $271, silver $4.18, and platinum $443. Platinum has more than doubled, silver tripled, and gold almost quadrupled. Mayburys clients are swimming in profits. Its not over till its over. Give it time. Be patient. Take a deep breath, and exhale sloooowly.
First of all, who the hell is “Miley?” Second, you “gloom & doomers” come out of the woodwork about once every ten years. You tell us that the “sky is falling.” It happened in 1964, 1972, 1981, 1990, 2001, and now again in 2009. Guess what? The U.S. will survive this crisis. We always do. The economy will recover and the U.S. Dollar will still be the global reserve currency (just like it has been for many years). $3,000 gold? What a joke! Gold can’t even manage to stay above $1,000.
CBY9T wow you can actualy look back 10 years this is astounding! Most Americans ability to look back at history is only 6 months. Your grasp of the big picture is incredible, what will miley do next? Bet you know……Gloom and doom or more specificaly doom only hapens to those people who are oblivious to what is going on around them and make poor choices that are based on thier ignorance of important current events and history.
What fantasy world are you living in? Maybury predicts $3,000 gold in almost every monthly newsletter that he writes. If the war will take decades to become fully develped (as Maybury claims), then you & I will be dead by the time gold hits $3,000.
You “gold bugs” need to face the facts. Gold formed a multi-year high in March, 2008 @ $1,034. Gold has been dropping for 18 months. The gold bull market is finished. It’s over.
Before you libel someone, get your facts straight. I have the archive of all Mr. Mayburys writing since 1990. He has never issued an unqualified forecast for $3,000 gold. In the 1990s, he wrote that gold would go to $2,000 to $5,000 when the coming war was fully developed. Since 9/11, he has often said that the war will last decades and we’re still in chapter one. He also said that after a series of devaluations, gold would be $3,000 and $10,000. The devaluations haven’t happened yet.
Another “gloom & doom” forecast by Richard Maybury. This guy is no different than Jim Sinclair. They have been talking about the collapse of the U.S. Dollar for ten years. Guess what? It will never happen. The U.S. Dollar is the reserve currency of the world. Always has been and always will be. Maybury and his followers are clueless. Hey Maybury, where is the $3,000 gold you’ve been preaching about for the past decade? Wrong again!
Richard Maybury posts an excellent video again! Great info contained in this video.