[quote=Arraya][quote=paramount]The New York Federal Reserve will fail by 2012.[/quote]
I think before that.[/quote]
Agree. I am hearing that by Fall 2010 the entire Fed will become irrelevant. They may still be around, but no one will be paying attention.
I find this newest development fascinating because the predictive linguistics at halfpasthuman.com (don’t know if anyone here subscribes to them) had been anticipating the death of the dollar to begin in earnest around the end of October/first week of November. They had been forecasting this for the last 18 months. They just couldn’t be sure what the trigger would be. They also claim that turning point will be reached on or about October 25 and that events will progress so quickly that most – especially talking heads on TV – will not know what to make of them or how to spin them. Jim Sinclair has given the same countdown/time frame on his website. As has Jim Willie. So I would say that a variety of indicators suggest that life is about to get extremely hairy in the next 3 weeks. If you haven’t bought gold or silver, I would so so now before they go parabolic when the dollar’s woes become front page news.
On a side note, I am being forced to close an account at a foreign bank because the U.S. has been leaning on them. I spoke with my banker today about recent events, and I said, “Well, it doesn’t look good for the dollar. I think it will die very soon.” And the banker, who is generally stoic and had always insisted that the buck had a long (if dreary) future, replied, “Yes, it certainly looks that way now.”
