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Sunday, March 27

Dollar begins another decline

Looks like we need another war to boost confidence in the Dollar's backing: the strength of the US Military.

The Death of the Dollar


By Jason Hommel
March 18, 2005

www.Silverstockreport.com


Ceasar was supposed to be a god. Julias Caesar was killed on the Ides of March. (March 15th)

Today, we don't make men gods. Instead society has made our financial system into a false god.

On March 15th, 2005, (the ides of March) we may have just witnessed the beginning of the death of our financial system as General Motors stock took a nosedive from $34/share down to $30. http://finance.yahoo.com/q/bc?s=GM&t=5d&l=on&z=m&q=l&c=

It does not seem like much (GM down just over 10% in one day), but as of March 17th, the stock is down to $28.35, and the market cap is down to $16 billion. (GM is down nearly 18% for the week.) It's the type of volatility that we usually only see in silver stocks!

What does this mean?

. . .

If the government can't sell bonds while running a deficit, then the government must simply be printing money to fund the deficit--and they are, as can be seen in the rate of growth of the money supply, M3! Therefore, inflation is raging, and interest rates must keep pace, which is why GM is doomed!

Interest rates must head up, as confidence in the U.S. dollar bond market will be shaken like a tree in a hurricane!




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