Gold jumped $41 dollars today. This is allways a sign of lack of confidence in the dollar. People are finding a place to store their wealth out of fear the dollar will collapse. There was also a spike on the DOW today. The dollar IS going to tank. The govt printed a new $700,000,000,000 to give to the bankers and wall street types. You can not do this without deflating the money already in existence. The US dollar now being 100% a fiat currency, the values is directly tied to how much is in circulation. Supply and demand. The more there is of something the less its worth. This will mean it will take more USD to buy the same shit.
As the pillars of this economy crash around us so to will the dollar. GM is looking at having to file bankruptcy. GM has been a staple in our economy for generations. Ford, and GM = Large chunk of exports. So many people do not even know the money they hold is why they are taxed. My advice is get gold, silver, platinum or palladium and wait. If you read any economist will tell you, this is just starting. There is nothing in the pipe to fix this.
The credit card market is about to melt down, latter the much unregulated derivatives market which just might have more debt in it than there is money in print money. What you are about to witness is a select few will buy up companies and property for pennies on the dollar. The Kennedys made their fortune during the last depression doing this.
