Watch the credit markets and for major dislocations in the currency markets

There have been many red flags going up, and basically what I think we are seeing is the eye of the storm. a calm like no other. Its setting people up. A lot of people. i see it here on the board. complacency. I dont think its possible to really call this exactly, but I just really doubt we can make it 3 more weeks. I dont think central bankers, the IMF, the FEd, anyone can do anything to prevent the massive dislocation that is about to occur. I think we are looking at some countries or currencies simply being wiped out. This next dislocation could triggle an extremely massive run on the dollar. Far beyond what we have even witnessed thus far. You can nearly smell this in rodgers gold/xau ratio chart that is way out of whack. There are many more red flags which I have diagramed out on paper to look for clues. There are just too many scenarioes that could play out given the obvious indcators such as TED spread, Libor, Vix, carry trade numbers, bond defaults, and so on. we just haven't fully digested the foreclosures that will happen, the 6 million plus homes on the market now, and the increasingly precarious situation that many millions more homeowners are now in, being compltely upsidedown on the mortgages. prices continue to fall rapdily in key amrkets as homewoners keep dumping foreclosures, and others desparate to sell, just want out and FINALLY are starting to drop their prices. The markets have NOT priced this into stocks. Its impossible to do so at present. People just do not want to admit how bad this can really be, and will be. They know it will be horrendous. We are not anywhere near being out of this,. Its hard to fathom this. I think the thing is going to avalanche in europe and from what Im hearing about their banks, its far uglier than our banks here. We are looking at the eye of a global and systemic meltdown. (and I just bought some gold coins when prices were in the low 700's. I now regret doing so. These gold prices are going to go far far lower, Im afraid. My timing was poor. I could sense something in the dealers rep's voice at blanchard. This was a mistake on my part. It just is now coming together over the weekend here for me. I took the day off on friday, got away from everything. Then all of sudden today, it started dawning on me. I bought coins at the wrong time, I fear. This whole situation just really sucks. We cant hide from it. )

Edited by nimblebear, 01 November 2008 - 11:44 PM.

Dude, lower the meds. That bipolar thingy is more south than north.

Dude, lower the meds. That bipolar thingy is more south than north.

Dont despair, it's ok to have physical coins for their purpose which I think is for eating in the worst of cases. No matter how much "things" go down, the coins should have buying power relative to anything else you could hold for that purpose. But I did think about $550 gold and havent bought, I would buy silver instead.

You mean run from the dollar or run to the dollar?

these end of the world posts are killing me...life will go on, it is that simple...from where who cares till it gets here...does me no good to sit and worry about this ********....as a matter of fact i hate feeling depressed about it so i say don't worry be happy:) come on the world is not going to end...there will be changes along the way like thee always is..we can adapt..