It appears that those holding dollars are putting them into equities. The stock market is way over sold. Look at the PE ratios. It reminds me of the run up to the Dot Com fiasco. Companies that never paid a dividend had their stock soaring.
When I get those "we want to buy" letters on some of my real estate, I know people are looking for places to dump dollars.
Stores are closing all across the country. Fiat Chrysler will no longer manufacture sedans in the US. That is going to Mexico. The government cannot lie a depression away.
Worse, look at the price of precious metals. They rise until the bankers in New York have had their coffee and then they begin selling paper gold. Then it falls.There is real gold that one can keep in your safe, and then there is paper gold that says one has gold on deposit. They can sell that paper gold all day, but if everyone wanted their gold in their hand, the COMEX would crash. There is only so much precious metals, but there is a lot of paper out there. This multiplier gives the dollar a false value.
I read the seventeen per cent of the loans held by Italian banks are not performing. If they go down, so will the Portuguese and Spanish banks, and then Deutsche bank will be next. Where will it stop?
Will we see buy ins where the bond holders and account holders assets will be used to save the institutions? It scares me!