” I have studied each of their reports, in which they have consistently labeled Fall 2008 as the point in which the world in general, and the U.S. in particular, would enter the heart of the system crisis. The only variation I note is that LEAP estimates that the dollar’s role as the world’s reserve currency will cease around the end of the 2nd quarter of 2009. My source believes that it will happen sooner. Or perhaps it is the case that the process begins in October and culminates in June. In any event,
the Fall and Winter are going to be extraordinarily brutal.
I am hoping that all who read this will understand the message that I am trying to relay to you: time is short. Many of us have been expecting what is coming from months or years. Some have only awaken to what is coming a few months ago. Others still don’t understand what is coming. But as Wall St literally disintegrates before our eyes, I don’t think there can be any question at this point that we are on the verge of something unprecedented and catastrophic.
If you have money in the markets, you need to get it out NOW.”
Partypup, Sept 2008[/quote]
I believe the Dow lost 3,000 points by mid-October 2008 when the system failed to within an inch of its life (as Bernanke and Geithner now feeely admit – or did you miss their comments?) Did you leave your money in the market and are you still hanging on, hoping it gets back to 14,000?
EJ, play this as you’d like and believe what you like. But let me ask you: will it help you if the timing of the dollar crisis occurs a year later than I expected? Or two years? Seems to me that the real issue isn’t the timing, but the outcome. I’m not alone in making these predictions now. There is an entire chorus behind me, and gold is singing the loudest.
