Tony Caldaro writes the USD Secular trend, or Supercycle if you will, has been bearish against most foreign currencies since 1985. We have reason to believe this ended at the 2011 price low of 72.70 DXY. In the past few weeks the USD has confirmed an OEW long term uptrend, and the EURUSD an OEW long term downtrend. This confirms our previous analysis and we expect most foreign currencies will be declining against the USD for the next seven years. The JPYUSD pair appears to have topped at the recent 132.18 high. Thus far, it has not declined much while the CHF and EUR have headed lower.
I relate how true. Carry trade investing that characterized the Milton Friedman Free To Choose Floating Currency and Banker Regime is now over. The debt debauchery practiced central bankers, has run up bad credit to grotesque levels. The monetization of debt by the world central banks is causing the death of fiat money, and a most painful deleveraging and derisking out stocks. The end of money actually commenced when carry trade lending began to fail when the Yen began to rise relative to world currencies beginning in May 2011 as is seen in the chart of FXY, CEW, FXE, FXS, FXB, FXC, FXRU, FXA, INR. The Beast Regime of Neoauthoritarianism is rising out of the death of fiat money. This behemoth of statism and regional global governance is the monster seen in Bible prophecy of Revelation 13:1-4; it’s a monster, having seven heads, that is rising to occupy in all of mankind’s institutions, and ten horns, that is going to rule in all of the world’s ten regions. Regional global governance is rising out of the failure of fiat money; it will come to govern mankind through a soon coming credit bust and global financial collapse. In about seven years more or less, that is when currencies utterly fail, all governments will collapse, and a world leader, Revelation 13:5-10, and his banking partner, Revelation 13:11-18, will install a one world government, a one world currency, and establish global seigniorage, via a charagma, meaning a mark upon or etching in a person, which will be required in order for one to buy or sell, Revelation 13:17-18.