Art Cashin: This Is a Very, Very Dangerous Period We Are Going Through

Art Cashin, UBS Financial Services director of floor operations appears to be pretty much in sync with my, The Big Collapse Could Be Very Near, post.

On CNBC Friday he stated:

I'm really concerned about the dollar. I'm trying to figure out whether it's [the decline] due to overt market action or covert government action...Maybe the government is quite content to see the dollar fall. ...But there's a risk of competitive devaluations [among world governments]...

As for the dangers of a bond collapse being foreseen and thus neutralized, Cashin said:

Just because you know something's going to happen doesn't mean you should be calm about it: 'Gee, I see that iceberg. Wow, we just hit it. I think that means the ship's going to sink.' We need to fund a huge, huge deficit. And we need cooperation from outside [the U.S.] to do it.

This is a very, very dangerous period we're going through.

You can listen to his full remarks below. One thing to note is that this guy is a trader right on the exchange and not some economist sitting on the 30th floor of a glass enclosed building or a newsletter writer dispatching from a rainforest, somewhere. This is fear talk from the floor of the New York Stock Exchange. These guys know there is something new and big coming. No one knows exactly what it is going to look like, but, for anyone watching markets for a long time, it doesn't look good at all.