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Re: [RT] Where is the beef?



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I did not try to pass it off as my own. I stated that it was another opinion.  If you want the whole article go to Money and Markets.  I am sorry that I left the title off of the article, but that isn't the point is it?
 
----- Original Message -----
Sent: Sunday, July 06, 2008 7:17 AM
Subject: RE: [RT] Where is the beef?

Sending copyrighted information to this list without acknowledgement is illegal Ira.

It goes to your very credibility and integrity when you try to pass it off as your own, and would normally been seen by the list owner as immediate grounds for being taken off the list.

From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Ira
Sent: Monday, 7 July 2008 12:11 AM
To: realtraders@yahoogroups.com
Subject: Re: [RT] Where is the beef?

One other thing, if you think my warnings of inflation are the rantings of an old man remembering days gone by, here is someone elses opinion.  I have tried to warn people about what inflation can do as I have lived through both inflation and depression and I dont' like either.

The Dow has flashed a giant sell signal, and is headed much lower. Gold is trading at $945, and headed much higher. Oil is at over $145 a barrel!

Corn is flying. Soybeans are soaring, now over $15 a bushel. The price of sugar is up more than 30% in a month!

If you think the disasters you've seen in the stock market so far are bad, or the price increases in commodities are due to top out, think again.

Reason...

The currency upon which most of the world's economies ultimately rely ... the world's reserve currency ? the U.S. dollar is about to get trashed again, big time.

--

My forecast is not just rooted in my 30 years of experience trading the markets, nor from my travels to Asia three or four times a year. Nor is it the result of my focus on natural resources and tangible hard assets as an investment class.

I'm also looking at powerful forces that are jumping out of my charts and my research ...

Force #1. The Latest U.S. Dollar
Rally Has Faded and Fizzled

I told you that the dollar was weak at the knees, that any rally would be nothing more than a temporary bounce. And that's precisely what's happening.

When the dollar bounced off its record low in late April, the pundits again started touting "the end of the bear market in the dollar."

But all it's been able to muster up is a meager 5% rally since then. And now it is plunging anew ? giving back almost all its gain in just the past two weeks, sliding from a high of 74.50 on the Dollar Index to as low as 72.38 ? a mere 1.8% away from a NEW record low.

Looking back, the so-called "dollar rally" was nothing more than a temporary bounce. Like dozens of others over the past seven years.

And looking ahead, there's nothing on the economic horizon that will change its direction, which leads me to ...

Force #2. Fed Chairman Ben Bernanke
and Treasury Secretary Henry Paulson are full of baloney.

Recently two of the most powerful officials in the world started trying to talk up the dollar. But have they done anything at all to back up their words?

Hardly! Neither one of these men has come up with the slightest of actions to back up their words. And let me tell you why: They don't want a strong dollar. They want a weak dollar because they believe that boosting U.S. exports ... that paying off debts with cheaper dollars ... and inflating away our debt-addicted economy is the cure-all for the U.S. economic problems.

Don't believe me? Well then, why hasn't Ben Bernanke taken tougher action on inflation? Why is Paulson running around the world talking about some hair-brained scheme to liquidate failing financial institutions, trying ? to no avail ? to convince other countries that closing weak institutions will somehow save the U.S. dollar?

This is a problem. When two of the most powerful men in the world say something, but don't back it up with action, you get ...

Force #3. A Rapid Decline in
Confidence in U.S. Investments

Every day, I put myself in foreign investors' shoes. Then I look back at the United States from their eyes. If you do the same, here's what you'd see ...

  • The biggest budget deficit in the history of industrialized society. For a country that's supposedly one of the most prosperous in the world ... that's already shocking.
  • Second, you'd see another $55 trillion in unfunded liabilities in social security, Medicare, and government pensions. If the U.S. were a developing country, you might understand. But such a huge debt pyramid in America? Hard to believe. Harder to understand.
  • Next, you'd see a new Fed Chairman who's afraid to lift a finger ... who's actually giving money away for free ... and who seems willing to let inflation roar out of its cage like a wild lion.
  • Then you'd see the virtually non-stop decline in real estate values ... banks reeling from the morass ... companies like American icons GM and Ford on the verge of bankruptcy ... a tumbling stock market ... an imploding Wall Street.
  • And you'd see a Federal Reserve that doesn't give a hoot about savers. Instead of giving them a positive return on their money, it's willing to let their money lose value each and every day

So is this the country and the currency you want to invest in?

Hardly. Don't get me wrong. I love this country. But as the month of June's stock market performance just showed us ? the worst June since the Great Depression ? it should be abundantly clear to everyone now that the U.S. economy is in big trouble.

No wonder ...

Force #4. Asian Central Banks
Are Already Dumping Dollars

If you think the dollar is vulnerable to big selling by private Asian investors, wait till you see the danger of big selling by Asian central banks!

So far, most Wall Street analysts assume their bark is louder than their bite: The foreign central banks, say they, merely talk about dumping the dollar. But they never really do it.

True? No.

According to the June 30 update of the Currency Composition of Official Foreign Exchange Reserves (COFER) report from the Bank of International Settlements, central banks of developing economies now hold just 52 percent of their reserves in U.S. dollars, compared to 81 percent back in 2001.

India and China have made the biggest shifts, slashing the composition of their reserves away from the dollar and into the euro, other currencies, and gold.

Recently, other influential holders of U.S. dollar reserves ? Korea, Sweden, Qatar, the United Arab Emirates, and Russia ? signaled they may also start cutting back their dollars.

If just a few of these central banks start pulling out of the dollar ? which I believe could happen any day now ? that alone will spell disaster.

What happens when the dollar plunges? Every dollar you have ... every investment you own ? will be severely impacted. Some will be annihilated.

----- Original Message -----

From: Adrian Pitt

Sent: Sunday, July 06, 2008 6:21 AM

Subject: RE: [RT] Where is the beef?

He is, and always has been one of the words offenders of blatant advertising for his services.  Most of the other emails he posts just rant on about how prices are always going up and everything is more expensive than when he was a kid 40 years ago.  It really doesn?t add anything.

From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of EAdamy
Sent: Sunday, 6 July 2008 11:02 PM
To: realtraders@yahoogroups.com
Subject: [RT] Where is the beef?

Re: bonds and spx

Re: The British Pound and Bonds.

Am trying to find some information content in these posts beyond message which boils down to "visit my website" and I can't find it.

Earl


From: realtraders@yahoogroups.com [mailto:realtraders@yahoogroups.com] On Behalf Of Ira
Sent: Saturday, July 05, 2008 11:51 AM
To: Undisclosed-Recipient:;
Subject: [RT] The British Pound and Bonds.

I have just read an article about the British housing bubble and found the premise very interesting.  After reading the article I did a study of the British Pound to see what it looked like considering the situation there.  How big of a problem will they have and how far down can the BP go.  In relation to that and the inflation problem I also did some work on the 30 year bond future.  My comments and charts can be found at the web site.

Hope that your 4th is going well.



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