Dear Friends,

There are 97 days to go before confidence waning enters into the collapse phase.

When the dollar senses this its fall will be violent and quick.

Respectfully yours,
Jim

Martin Armstrong’s latest:

“Once public confidence is destroyed, respect for government indeed collapses, hoarding of wealth takes place and a refusal to accept the currency on faith.”

“The threat we face is that the entire system must be looked at as a whole. Seeing California broke is the tip of the iceberg. As this contagion spreads from one state to the next because we have perhaps $50 to $100 trillions of unfunded promises not just Federally with Social Security, but in pensions to government workers. All of this has been based upon the presumption that someone will be there to buy the debt. What happens when that day does not come? How can we live indefinitely on credit card with no hope of long-term solutions for the politicians only care about their holding office? The future being someone else’s problem.”

“This is why we will see a rally in gold and stocks, but stocks must wait for the 31-month low from the 2007 high before we can see a rally of those assets to offset the risk of government debt.”