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Jim Cook



Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive


Condensed Articles

November 3, 2014

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By John Williams


Given the basic nature of the beast, precise timing of a financial panic generally is extremely difficult to call, and when it can be called, there usually is a very limited lead time.  I expected that the U.S. dollar would face panic selling in the first half of 2014.  That did not happen.  Yet, the underlying fundamentals, which determine the global valuation of the U.S. dollar, continue to deteriorate and are about as negative as they get.  While some of the basics still are not yet fully recognized in the markets – such as a faltering domestic economy – there is nothing unfolding that would alter those underlying fundamentals. 

Short-lived hype, occasional jawboning and intervention can keep the U.S. currency afloat for a while, but heavy dollar selling will follow, as underlying fundamentals win out over hype and unsustainable actions (such as intervention).  The fundamentals always have been the ultimate drivers of the U.S. dollar’s value. 

Massive dollar selling is possible at any time.  When it happens, it likely will be without much warning.  It could be triggered simply by a “surprise” negative economic statistic or political development, and it likely would be accompanied by heavy selling of U.S. stocks and bonds.

As the globally-driven flight from the U.S. dollar intensifies, such should trigger a resetting of the props used to delay the 2008 day of reckoning, discussed earlier.  The ultimate day of reckoning still looms.