RE--Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar by Hussman

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Subject:	FWC: RE--Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar by Hussman
Date:	Mon, 23 Aug 2010 11:53:39 -0700
From:	Jas Jain

Date: Mon, 23 Aug 2010 17:54:44 +0000
From: akhtar
Subject: Jas, Jas, Jas
To: jas_jain

Any thought on this bombshell from Hussman?

Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar by Hussman
http://www.hussmanfunds.com/wmc/wmc100823.htm

 

You failed to perform the basic test: Is Hussman a born-and-bred American? Every born-and-bred American suffers from the knowledge that he, or she, does not possess in the areas of economics, investments and political systems. Hussman's record on the US Treasury bond market, over the years, is horrendous. Anyone with that bad a record on USTs is unlikely to understand currencies, especially, the USD. He should limit himself to the US Scam Market.
 
Like the Japanese Yen and Swiss franc, low-inflation currencies, the USD should remain a strong currency thru the deflationary depression, volatility notwithstanding, which is primarily due to speculators. The US dollar would collapse only after the US econo-political system collapses. Then all bets are off on the USTs and the USD. That is when gold as an insurance would pay off big time. This is extremely important to remember.
Jas

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