Well, we have arrived what might be at the final nail in the coffin. I guess the other countries have decided they will not intervene in the devaluation of the dollar anymore. The G-20 countries have said, they will not have a currency war and will let the dollar do what it will. Even Japan it seems is resigned to the Yen going up against the dollar. Gosh, Japan has already dumped who knows how many billions down the drain, trying to keep the U.S. dollar Up against the Yen, but all the interventions have failed!
Besides the countries know they can not compete with the Fed, who seems intent on destruction of the U.S. dollar. In fact it has come out today the Fed will buy 2 Trillion of U.S. Treasury bonds if they have to, to get inflation where they want it! (Yeah, Weimer, hyperinflation, to inflate our way out of Debt) Hello Zimbabwe - you got room for us?
So there will be a 500 Billion buy from the Fed as part of the QE program and then more if need be. (Yeah, no one else will touch the U.S. debt now).
I wonder if China and Japan will furiously try to unload as many T-bills/bonds as they can in the next few weeks?
What will be coming? Well, just talk to someone from Germany who is still alive from the Weimer days and chat with someone from Zimbabwe, you then might get an idea, of what the U.S. future holds when everyone drops the dollar like it is the Paper that it is! Just That - Paper that is printed with Green Ink and Nothing to back it, but a printing press!
EDIT - 10:42pm EST - From looking at the dollar index, the countries are standing by what they said at the G-20 meeting - no Currency Intervention will be done anymore - Dollar is Dropping Big Time and Metals Are UP - Gold $10 Up already.
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