Thirty days ago, I predicted the dollar's collapse within a month. I believe that time is now.

Over the last six months, the dollar index has formed a bearish wedge and broken downward:




Gold

As for gold, November 28 looms large as the First notice day for the December contract. If somebody is going to take delivery from the COMEX, that's when we'll know about it. Should enough investors call for delivery, it could create the mother of all short squeezes for gold.

Expect hyperinflation soon

There will be hyperinflation on par with that experienced by the Weimar Republic. Gas and food prices will jump up sharply to new highs and keep rising. Meanwhile, Consumer spending on anything outside food and energy will completely collapse, and most retailers will be forced into bankruptcy. Unemployment will soar, and there will be social unrest.

Last Stock Market Rally

Initially, the stock market could continue to rally higher as falling treasuries and rising oil are mistakenly interpreted as a positive sign. However, as the dollar's fall accelerates, everything but commodity related stocks (energy, mining, etc) will collapse.

Steps to take

Buy gold and other precious metals. Lock in fixed rates on all of your loans, especially your mortgage. If you have relatives/friends outside the country, consider a planning a vacation there should events turn ugly here.