March 2012 prognostication

[Ryder]

"Making war for oil or for Allah is not the cause of the sickness of the world but its dramatic symptom and tragic consequence.  The cause is old thinking - wrong thinking.
http://urbansurvival.com/week.htm   Here is todays posting on the free site Urban survival.

[offdalip]

Imagine a world where massive numbers of US service personal come home and are "flipped" into being corporate mercenaries just to keep them employed, when the US dollar is devalued, where Europe has entered utter economic collapse, the volcanoes are going off all over the place, drought challenges global food product, and let's toss in political deaths and disease globally for good measure.

His analysis of wrong.............

The US dollar will not devalue, if Europe goes collapses. At least not until the FED can engineer the mother of all QE's.
Reason being that people with all those euros will sell them and flee into the dollar.
Look at the $USD US dollar index lately?

http://stockcharts.com/

hit $USD

people still think Europe is bye bye

[Atash Hagmahani]

Reason being that people with all those euros will sell them and flee into the dollar.

Financiers, yes, but average people are somewhat trapped.

Money is flowing generally from southern Europe, where the banking system is going down, to northern. Gold is doing well despite taking an initial hit right around the time of the MF Global fiasco.

Bear in mind that the crises are being "managed" at a high level. Greece and Italy are in the news...but the UK is not?!!! California and Illinois?!

The dollar is not in trouble--yet--because it was decided at a high level that the crises would be managed piecemeal,with the most "expendable"--least influential--economies dealt with first.

[Lore]

George Ure's followup comment from Jan. 12 bears quotation for consistency:

...When the "blow off top" in the USD comes along and we get the sudden surge of interest in Dollar-denominated assets as Europe implodes, set your clock between then and three or four weeks later when we - the Grand US Markets - start to collapse because of dirty, filthy despicable problem we can only speak of in hushed tones around here:

When the Euro implodes, there's a good chance it will wipe out borrowing capacity globally because of capitalization issues.  When it does that then there will be no one able to buy US bond/debt instruments, and then we (the US) will have to shut down "entitlement programs" and when that happens all those troops coming back from the sandbox will be flipped into corporate security firms (Blackwater/Xe/Academi perhaps?) to maintain the corporate version of law and order when people losing their benefits start to "take it to the street" in the March-July timeframe.

Ramping up the anti-Iran cover story so early in the year may foreshadow something near-term, but I still think we'll 'muddle through' until after the stupid election...