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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
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
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."
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