The Future of the US Dollar is in the Charts (26:08)
Peter Schiff has two home runs under his belt. He was right about the bursting of the housing market bubble and he was right about the rise in Gold from 2001 to 2011. He’s very bearish on the US Dollar (and has been for years) but is he going to be right for a third time?
Jim Rickards is a very smart dude, surrounded by other very smart dudes (like Chris Whalen) at Tangent Capital Partners. I’ve said before I’d like to be a fly on the wall at their monthly strategy meetings. Rickards thinks the Europeans are confronting their issues and will solve them first. Hence he’s bullish Euro (and bearish US Dollar).
Martin Armstrong is an enigma – a modern day John Galt. First lauded and then persecuted by the establishment. He is convinced that we are pulling down the whole capitalist structure onto ourselves – the creative destruction required to start over fresh. But in the process capital will seek the safe haven of the US Dollar and the short US Dollar debt bubble will burst.
So who will be right?
- Peter Schiff: US Dollar Bear
- Jim Rickards: Euro Bull (and US Dollar Bear)
- Martin Armstrong: US Dollar Bull
Inflation or deflation? Short US Dollar or Long? Gold or cash? Short US Bonds or Long? They’re all part of the same conundrum, the same two-sided coin. Get the answer right and you’ll preserve and growth wealth. Get it wrong and you’ll have missed the next decade-long trade.
Good luck with your Emini trading.