That it's official, I am on the US 1st ever $1,000,000,000 (TRILLION) dollar bill!
Yup, I just got the word today, and man, I am so proud of myself! I was in shock when President Obama AND Treasury Secretary Paulson...I mean Guithner called and asked my permission. Since I'm on massive pain killers, I said YES!
PLEASE keep this under wraps, you guys and gals are the 1st to know this TOP SECRET info, and the Fed wants to keep it quiet til its unveiled. So, shhhhh!
I knew I could trust you!
OK, so I'm on FOX Business TV Friday around 2 pm, I was supposed to be on today but was preempted by the President (aren't they silly?). Stay tuned, I may just unveil the 1st Trillion Dollar bill! Tune in!
A few people (a bunch) asked me to comment on the Fed's move yesterday. You should know my stance, I think they continue to make every move I predicted, and it's all wrong. Thing is, if every other country wasn't just as screwed as we are, the US Dollar right now, and I mean RIGHT NOW would be worthless.
Who the hell is dumb enough to buy their own currency? That's what 3rd world countries do. That's what Zimbabwe does! We are clearly sacrificing the future for instant gratification, and the pity is, it won't even work in the short run (maybe it'll work in the very short term). This was perhaps the main reason we are in this mess, and here we go recreating it under the guise of saving the economy. It's absurd in my opinion.
You can not have any integrity of your money if you are buying it yourself! That's ridiculous! Yet, that's what we are doing.
ALL of this would have been and would be skirted had we nationalized the banking system. It's insane what they are doing. INSANE.
There ya have it, my simple opinion. The stock market very well may go higher, for now, but if you recall I said that the only way the DOW is over 5000 this year is if they devalue the dollar. That's exactly what they are doing. It's a total con job, like many other things they do. So, the idea is to make those $1 MIL homes stay selling at $1 MIL, but to do that they know they have to devalue the currency. If the US Dollar is worth 70% of what it is now, then that $1 MIL house may sell at $1 MIL, but the owner is only getting $700,000 in real money terms.
Instead of allowing the market to fall organically, they are artificially keeping it propped up, and at the same time they are destroying wealth and savings for EVERY American.
Anyone who thinks this is good and they have things under control is going to be very sad when they realize the truth, that the US Dollar today is worth at least 20% less then it was 2 days ago.
Watch X, CLF and commodities for further upside potentially and watch me on FOX Friday!