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AGORACOM News Flash

2 Big Announcements On AGORACOM Blog Today:

1]  Billionaire Investor, George Soros, Takes 5.19% Stake (11.7 million shares) In AGORACOM Client. Which Company? Full Story Here.

2] AGORACOM Acquires www.Grandich.com and Appoints Peter Grandich As Chief Commentator. Full Story Here.  New Grandich Blog Here.

Regards,
George

 

Rolling Rock Resources Corporation > Message
Nevadagold

US Dollar weakness is good for RLL

Posted by: nevadagold on July 08, 2008 09:43AM

The value of RLL's deposits is goiing to increase substantially as the dollar weakens, theoretically increasing value of the stock. It is a waiting game for sure.

"The supply of money in the U.S. is suddenly surging at an annualized growth rate of more than 16%. By some estimates, that's the highest rate of growth in the money supply since 1971!

The scary part — things will only get worse ...

  • There is no way the U.S. dollar can hold its current value when fiat money is being created with abandon out of thin air.
  • There is no way the U.S. dollar can hold its current value when the Fed refuses to raise interest rates ... while other countries around the world are actively raising rates to bolster their currencies and put a damper on inflation.
  • There is no way that the U.S. dollar can hold its current value when foreign economies are outgrowing the U.S. economy by miles.
  • And there is absolutely no way that the U.S. dollar can hold its current value when so many overseas investors — who have lent Washington hundreds of billions of dollars to prop up the economy — are now waking up to the fact that holding dollar-denominated assets is a losing proposition.

Foreign investors are losing loads of money on their investments in U.S. Treasury bonds. They're even further in the red on mortgage bonds, real estate and stocks.”

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