By Astrology Traders
The following is an excerpt from this weekend’s Astrology Traders update.
The media narrative for a strong dollar continues unabated, while oil, the commodity backing the dollar, is falling through the floor of price support. According to Jeff, oil is potentially headed to $20 dollars a barrel near its 2002 lows. It does seem a coincidence for oil prices to plunge through long time support levels at $35 dollars a barrel on January 6th, the date I have highlighted as critical for THE DOLLAR!
A symbolic coincidence?, McDonald’s chain restaurants officially eliminated their popular dollar menu on January 4th! So, they just eliminated the dollar and replaced it with the $2 bill- a “McPick 2” menu, which allows customers to pick items for $2: a McDouble, a McChicken, small fries and mozzarella sticks. This is pure comedy, McDonald’s is proving wrong the theory of Keynesian monetary policies. Pumping money into the system is creating long term problems- it’s called INFLATION.
“Never let a disaster go by without turning it into an opportunity to further your agenda.” This is the mantra of the power elite. They will likely capitalize on the opportunity to print more $2 bills to replace the $1 bill with George Washington’s image. The rarely used $2 bill has Hamilton’s image, the architect of the original central bank in America, the First Bank of The United States, which preceded the Federal Reserve.
The dollar index took another setback last week confirming my theory the currency is at risk. This setback may be temporary in the short term and next week, near January 14th, we may see the dollar bounce back up. Oil could drag lower to offset, or stop, a continued drop for the dollar. The problems for the dollar will escalate further in June. Near June 21st there will likely be another sudden currency crisis and critical event for the dollar that has long term consequences. Again, 2016 holds the promise of inflationary pressures that have not been seen for a very long time. The pressure on wages will become a regular topic in the media.
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