“Dollar Index Headed for Rapid Collapse” Over Next 3 to 4 Weeks?!

• I do not believe that the western Illuminati will allow their premier world reserve currency the USD to collapse without a fight. Their attitude is: “If I am going to hell, all of you are going down with me too!”. What will they do when the dollar starts to collapse? They will very likely start their Satanic World War 3! This will give a temporary fillip to the USD as money flees to safety. But not for long. Thereafter, they will collapse the global financial system via their financial weapon of mass destruction: the financial derivatives meltdown! It will be followed by a global currency crisis, hyperinflation!
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• Although I do use technical analysis, I have found them not so useful in highly manipulated markets like gold, silver and USD! The warning signs are on the charts though!
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  “Dollar Index Headed for Rapid Collapse” Over Next 3 to 4 Weeks! 
  by Mac Slavo, http://www.shtfplan.com/ 
  If you think the Federal Reserve’s quantitative easing will only affect the US dollar, think again. Now that the United States has officially begun it’s third round of money printing to the tune of at least $40 billion monthly, central banks around the world will also act to ‘defend’ their currencies in kind.
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  Moreover, because everyone is joining the fray, all of that extra money will make its way into key resource stocks and commodities, adding further upside price pressure to essential goods like food and fuel. It’s a race to the bottom, and the losers are the 99.9% of us who aren’t being kept in the loop.
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  Quantitative easing is really another word for currency wars. A weak U.S. currency puts continued pressure on the Japanese Yen, the Chinese Yuan, the South Korean Won, the Australian dollar and other currencies.
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  Cheap money also fuels speculation and this money quickly drifts into commodity markets and the ETFs that help propel commodity market speculation. This is inflationary for food prices.
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  The lower the U.S. dollar the greater the intensity of currency wars. The break below the key uptrend line on the Dollar Index chart was an early warning of the third round of quantitative easing (QE3).
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  The most important question now is to use the chart to examine the potential downside limits of a QE3 weakened U.S. dollar. … The weekly close below this uptrend line was the first signal of a major change in the trend direction. It came before the announcement of QE3, last week.
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  The third significant feature is historical support near 74.5. This is the upper edge of a consolidation band between 73.5 and 74.5. This is the downside target for the Dollar Index following a fall below 79. This target can be reached very rapidly over three to four weeks. A rapid collapse of the U.S. dollar puts immediate pressure on other dollar-linked currencies.
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  There is a very low probability the U.S. dollar will resume its uptrend. The move below the value of the uptrend line and a fall below 79 confirm that a new downtrend has developed. The weakness in the U.S. Dollar will hurt export dependent economies and companies. CNBC 
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  There are two ways this may end – neither of which is going to be good for the average Joe:
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  read more!

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