[IslandCrow]

At the same time maybe China would more freely tie its currency to a basket- Too long it has been closely corrolated to the dollar as it weakens, making their exports cheaper.

[patience]

Okay. What happens now?

Dollar is down some, Gold price hit a record $1042.70 today, silver is up to $17.36. Oil bounced above $71 yesterday, but dropped back some this morning.

What's next? We wait for the shoe to drop, if/when this is no longer denied, as it was today, then oil goes up, along with all other US imports?

[mcgowanjm]

$this->bbcode_second_pass_quote('cipi604', 'E')ven for Weimar Republic hyperinflation took few years to speed up. It takes time, but the trend is obvious.
And don't forget people , we've peaked, and this move to take USA out of the game helps everyone.

[RonMN]

Patience, ofcourse we sit & wait for the next shoe to drop...what else can we do? (perhaps buy more ammo & canned goods...but I assume you've already done that).

This story has more legs than I thought it would. Already saw it on CNBC & I find the denials of ALL the countries listed in the report to be quite disturbing. If there was no truth to this it would take weeks to get everybody to deny it.

[mcgowanjm]

Robert Fisk is the Tell. He is not the finance GoTo Guy.

This is not Hyperinflation but Declaration of War.

Instead of HI we'll get Rationing.

$this->bbcode_second_pass_quote('', 'T')o the Ministry the scheme had the great advantage of being infinitely adjustable. If tinned sardines or baked beans proved too popular and stocks began to run low, they simply raised their points value; if cream crackers or tapioca were piling up unwanted, they had only to cut it to clear the shelves. Guessing, towards the end of a rationing period, which items were likely to go up or down, added a new interest to the weary routine of catering for a family, and housewives turned to the list of 'Changes in Points Value’ in the newspaper with all the zeal of a gambler looking for the racing results. To discover some points 'bargain’ was also a matter for deep satisfaction. The outstanding 'buy’ was generally agreed to be the large tin of American sausage meat which cost a whole sixteen points, but besides providing enough meat for several main meals contained a thick layer of nearly half a pound of fat, invaluable for cooking.

[Carlhole]

No reaction in the markets.

Looks like this story will only be a big deal on PO.com.

[Sixstrings]

$this->bbcode_second_pass_quote('Carlhole', 'N')o reaction in the markets.

Looks like this story will only be a big deal on PO.com.

[eastbay]

$this->bbcode_second_pass_quote('Carlhole', 'N')o reaction in the markets.

Looks like this story will only be a big deal on PO.com.

[Geodesic]

$this->bbcode_second_pass_quote('patience', 'O')kay. What happens now?

Dollar is down some, Gold price hit a record $1042.70 today, silver is up to $17.36. Oil bounced above $71 yesterday, but dropped back some this morning.

What's next? We wait for the shoe to drop, if/when this is no longer denied, as it was today, then oil goes up, along with all other US imports?

[Revi]

I think to go long you have to think long term. It's great that everything is up today, but what I really care about is in about 10 years when I cash out and try to eke a living off of what I invested in.

[mcgowanjm]

$this->bbcode_second_pass_quote('Carlhole', 'N')o reaction in the markets.

Looks like this story will only be a big deal on PO.com.

[Maddog78]

$this->bbcode_second_pass_quote('', 'G')et cash in your hand now.

[Carlhole]

$this->bbcode_second_pass_quote('eastbay', '')$this->bbcode_second_pass_quote('Carlhole', 'N')o reaction in the markets.

Looks like this story will only be a big deal on PO.com.

[eastbay]

$this->bbcode_second_pass_quote('Maddog78', '')$this->bbcode_second_pass_quote('', 'G')et cash in your hand now.

[Carlhole]

$this->bbcode_second_pass_quote('eastbay', '')$this->bbcode_second_pass_quote('Maddog78', '')$this->bbcode_second_pass_quote('', 'G')et cash in your hand now.

[Maddog78]

$this->bbcode_second_pass_quote('eastbay', '
')
Darn tootin'. I dern near doubled it in assorted energy service stocks since early this year. If I had followed the 'experts' and went to cash I would have done like 1% too. US cash blows. Stay away from it.

[Carlhole]

Gold Jumps to Record as Inflation Outlook Fuels Investor Demand

$this->bbcode_second_pass_quote('', 'O')ct. 6 (Bloomberg) -- Gold rose to a record on speculation that currencies will depreciate, spurring inflation and boosting the appeal of the precious metal for investors seeking to preserve their wealth.

Gold futures climbed as high as $1,045 an ounce in New York, topping the previous record of $1,033.90 in March 2008. The spot price is headed for a ninth straight annual gain, the longest rally since at least 1948. The dollar fell as much as 0.7 percent against a basket of six major currencies.

“Gold is acting like the ultimate currency,” said Chip Hanlon, the president of Delta Global Advisors Inc. in Huntington Beach, California. “Central banks are following the same monetary course and trying to stimulate and inflate their way back to growth. Everyone’s concerned about the dollar, but it’s not like you can hate the dollar and fall in love with the euro or the yen.”...

[dinopello]

The gold peddlers have been hyping the story today (APMEX)

$this->bbcode_second_pass_quote('', 'W')hat is causing this recent price rise and will it be sustained? There is incredible pressure on the US Dollar to no longer be the currency of choice for trading oil. According to a report released by “The Independent,” a British news organization, “Gulf Arab (states) are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, and GOLD…”

[patience]

Oh, yeah, the goldbugs are having a field day! Not without some reason. however. This video with Max Keiser expounds on it.
http://www.youtube.com/watch?v=D7dH4e8H ... _embedded#

"Dollar Drowning", is the headline. It's not just the Arabs. We have been living at the expense of the rest of the world, and they are tired of it. Max says he thinks it won't take 9 years to dump the dollar as reserve currency.

$this->bbcode_second_pass_quote('Maddog78', '')$this->bbcode_second_pass_quote('', 'G')et cash in your hand now.