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10/25/2010 video by Peter Schiff Expert's Gold/Dollar Outlook: Dollar Headed Down to "Uncharted Territory" In the CNBC segment below, which aired earlier today, Peter Schiff of Euro Pacific Capital (who I've interviewed before) sounds off on where gold and the dollar are headed... He says in the clip that the dollar is headed into "uncharted territory." Not good. Unless you own a ton of gold and silver, as Schiff presumably does. His company, Euro Pacific, also advises many of its clients to hold precious metals in case currency devaluation continues.

by Mary Anne & Pamela Aden, October 25, 2010 Courtesy of www.adenforecast.com "...But now 10 years later, we’ve seen the gold price produce consecutive annual gains. And with gold up more than 20% this year, 2010 will mark 10 full years of gains. This is the longest winning streak since the 1920s! Times have changed. But it took the financial crisis and the ongoing aftermath to change the way people view gold. Confidence is growing and the change in the central banks’ actions and attitude toward gold was key in giving a green light to investors. Central banks stopped selling gold and they’ve become net buyers this year for the first time in two decades. They’re expected to buy 15 metric tones of gold this year, which is a major turnaround. Gold is becoming an important reservable asset and again, this bull market has further to run. So use weakness in the weeks ahead as an opportunity to buy at a better price… and then plan to hold on for the long haul..." Norto...

comments by Jesse's Cross Roads Cafe Anglo-American financiers to the Rest of World: We've a Gun to Our Heads, Better Surrender. "To put it crudely, the US wants to inflate the rest of the world, while the latter is trying to deflate the US. The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create. What needs to be discussed is the terms of the world’s surrender: the needed changes in nominal exchange rates and domestic policies around the world." Destroy the world economy by trashing the global reserve currency? Yes we can. I hate to make light of this because it does offer a useful vignette of the deployment of opposing lines and basic strategies in the currency war, at least from one perspective. Several years ago I forecast that the Bankers would make the world an 'offer they cannot refuse,' or at least that the Bankers think that they cannot refuse. Hank Paulson made such an offer to the US Co...

Economic Policy Threatens The Dollar by Paul Craig Roberts at Trend Research Institute KINGSTON, NY, 2010 October 10 — The illusion of a "weak recovery” – language the government prefers to “double dip recession” – continues being perpetuated by monthly “reporting errors” of economic data. Just as the Census Bureau’s August report of a small gain in July residential housing starts was due to a downward revision of the prior month’s report, the Federal Reserve Board’s September 15 report of a slight increase in industrial production was achieved by revising downward July’s initial reporting. The optimistic July report made July look good, and the downward revision of the optimistic July number made August look good. It is by such means that the public is being fooled into believing a recovery is underway. Many forecasters and policymakers continue to expect a recovery, because postwar Keynesian macroeconomics (demand management) is operating at full blast. According to K...