Notes from the Investment Underground Friday, March 20, 2008 Portland, Oregon, USA

Foreigners gang up on the dollar… Ben’s bitter irony… A chartist’s view on the buck… Why the Fed’s “quantitative easing” is a game changer… Investing in the “poor man’s gold”… And more!..

[Your Notes editor will be spending the day in battling Argentine bureaucracy. (It’s a long story. But basically I am trying to get residency down here.) So, today I’ll be leaving you in the capable hands of Crisis Strategy Alert senior analyst Charles Delvalle.]

*** Is this the end of the buck?

Next week a UN panel will recommend that the world drop the US dollar as the reserve currency and instead use a shared basket of currencies.

This from Reuters:

Currency specialist Avinash Persaud, a member of the panel of experts, told a Reuters ...

The headlines are dramatic. Short selling banned for 799 financial institutions. $50bn injected into money markets. Plans for a massive bailout fund to clear the system of bad debt and stabilize the housing market.

The Unholy trinity – the Federal Reserve, SEC and Treasury – has pulled out all the stops this time. But while US stocks soar, Justice Litle says the government’s bailouts are a death blow for the dollar.

This makes real, tangible assets highly attractive. Justice says the most profitable investments going forward will be energy, infrastructure, hard assets and non-US growth plays.

More from Taipan Daily:

In the short run, it’s not clear how things will play out – the markets are an absolute circus right now. (As if you needed someone to tell you that.) In the long run, though, we are seeing the reality of the Austrian Endgame unfold, here and now, right before our eyes.

I’ve been pounding …