Very exciting Juncture in the U.S. Dollar

I have maintained a solidly bullish long-term stance on the U.S. Dollar on this blog since its inception (first post on U.S. Dollar in November 2009). However, I thought there was a chance the U.S. Dollar index could take out its 70.70 March 2008 low before starting its massive Bull Market. Very Recently, Objective Elliott Wave (OEW) developed by Tony Caldaro has confirmed a long-term uptrend in the U.S. Dollar. This suggests the Dollar bottomed in 2008 and has been basing since. This is the original stance I took, however I started to entertain the idea that the U.S. Dollar needed another all-time low first. However, with the OEW long-term uptrend confirmation in the USD and long-term downtrend confirmation in the EUR/USD currency pair, the odds now shift to that the Dollar bottomed in 2008. Tony expects the U.S. Dollar index to reach 140 by 2018.....I expect much higher than that...possibly to 300 or higher. However, it will likely continue to base until the Gold market tops out in 2013-2014. In my view, this is all a topping process. With the bearish expanding wedge pattern developing in the DOW going back to the late 1990's, the foreign currencies topping out in 2012, the USD cycles bottoming in 2012, and commodities due to top out completely by 2014. It seems as if Deflation is about to come back with a vengeance. The safest place to be is cash as I have reiterated many times before...and with all these cyclical events happening.....people need to act now to get liquid and stay that way until the deflationary storm is over.

Just as an FYI: this chart IS drawn to scale....yes I expect the DXY to hit 300 before the end of the decade.

Gold Silver and Commodities are NOT crisis hedges

Many analysts on Wall Street take Gold, Silver and commodities to be hedges against financial turmoil. The reality is that they are just assets that are sold to generate cash in economic contractions. Additionally, the entire time that Gold and Silver have been in bull markets since 2001, the stock market has held up and, in my view, been in a gigantic topping process. When this topping process ends, and the real financial collapse happens, which I believe is very soon, all of these markets should collapse with it. Gold and Silver will likely initially be viewed as hedges, and will likely be the last markets to top. But in the worst portion of the deflation, they will top out and collapse along with everything else as the 80-year credit bubble comes unwound along with the debt-money system. Dollars are is scarce supply and will be in great demand as the credit system collapses. Here is a great clip by Robert Prechter in which he illustrates how Gold and Silver go DOWN in bad economic times, not up.These markets may have a little more upside left, and the Dollar a little more downside, but 2012 is going to be a MAJOR bottom for the U.S. Dollar. I expect the USD to soar as the financial environment gets worse, as the margin calls come in and the USD shortage takes hold. The key to the end of this bear market rally, and ultimately I believe a decade long topping process, will be the appearance of certain cyclical DNA markers that have occurred at EVERY major top since 1896, discovered by Tim Wood. Once we get this setup, financial hell will break loose, and the U.S. Dollar should launch its greatest bull market of all time.

And the Numbers are in....Happy New Year

Well, the numbers are in the for year. Today was the last trading day of the year and here is how everything worked out:

Which Asset won this year? That's right. U.S. Treasuries. Even with ALL the fear mongering by the media and the S&P Downgrade of U.S. Debt, the yield on the 10-year collapsed to a new all-time low. And as we know from 2007-2008, falling rates are NOT bullish. I think the drop in yields this year is a harbinger of things to come next year, keyword DEFLATION. Indeed, 2012 is setting up to be one for the record books and likely financial hell will come upon us because of the recklessness of people like Mr. Sarkozy, Mr. Obama, Mr. Bernanke, Trichet, Geithner, and all the other clowns in Washington and at the FED. Oh, and of course you can't forget our friends at Bank of America, J.P. Morgan Chase, and Goldman Sachs. Nice going guys, you have assured financial destruction around the world because of your recklessness, irresponsibility, and outright fraud. In the end, the music will stop and these crooks will get what is coming to them. But to everyone else, I wish a happy and healthy New Year. May 2012 bring you success and prosperity.

Bill Still responds to Republican Presidential Debate

All of these politicians are concentrating on the wrong things. The only politician out there that I know of that actually gets it is Congressman Dennis Kucinich of Ohio. Some other politicians have some of the right ideas but nobody is concentrating on the real problem: the Debt Money System, and until this fundamental issue is addressed none of the other solutions will work. The FED and their cronies are just providing a smoke screen for the American people to make us THINK the FED is in control of our money supply when it is really the big commercial banks that have a complete stranglehold on this economy.

Bill Still reporting from Occupy Wall Street in New York City

The road to serfdom this world is currently traveling.....private unelectable bankers rather than elected officials by the people and for the people. There IS something we can do about this. Bill Still for President.

www.still2012.com

The Latest from Bill Still

Bill Still's Presidential Bid

Bill Still, writer/director and monetary reformist, has announced his bid for the libertarian nomination. Please support him and spread the message. Bill Still is our only hope from escaping the choke hold of the debt money system that is strangling the global economy to death. There ARE long term solutions to this economy, but no politicians or economists are talking about it. This solution is monetary reform. A few simple reforms can fix the fundamental problem: Debt. All of the crony  politicians  in Washington and corrupt bankers are the problem. Bill Still is the solution.

http://still2012.com/