Acamar Online

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In this month of: The Acamar Journal

Warning: Global Stock and Credit Collapse

I started writing the Acamar Journal in April 2004 on the premise that the levels of debt (government, corporate and personal) in the US were rising to unsustainable levels, and that there would be a day of reckoning.

All this has happened but we are only partially through the adjustment process. read the full newsletter

$ 3,400 Gold

The Acamar Journal has been warning about a sustained decline in the US Dollar (and predicting a historic bull market in gold) since it began publishing in April 2004. At that time, the US Dollar was above 93 on the US Dollar Index and gold was around $ 325 per ounce. read the full newsletter

Previous Journals

Insight of the Day

From the Guardian (UK) on the Fed lowering interest rates:

" But hang on a minute, I hear you say: isn't there a risk that making borrowing cheaper will get us back in the same dreary speculative cycle that got us into this mess? Without the credit controls that buttressed the system in the 1930s, the answer is yes. There is a risk that the Fed's manipulation merely substitutes a bubble in the bond market for a bubble in the housing market, and that like all the previous bubbles, this will collapse disastrously. And there's a risk that printing money leads to an inflationary surge in two or three years. The Fed knows all about these risks but thinks they are worth taking: that's a measure of how serious things are."

Recently Profiled

Chris Wood, Chief Strategist, CLSA:

 

The financial meltdown will "produce the most devastating wealth destruction" in the U.S., "which conventional monetary policy will be powerless to prevent."