Has anybody seen the US dollar index over the last week? Well I have and take a look at this.

[URL]http://www.fxstreet.com/rates-charts/usdollar-index/[/URL]

This is very bad news for the purchasing power of the dollar. It went from 78.5 down to 76.72.

George Soros also said this week that the closest comparison would be to the break up of the Soviet Union. That also goes along with Rockefeller's (In his book) wish to break up the United States to form a global governance. For the record I hate Glen Beck but I like Ron Paul.

[URL]http://www.informationclearinghouse.info/article23468.htm[/URL]

On this next page is a good Soros interview with Reuters from April 10th. Scroll down to the bottom of the page.

[URL]http://www.shtfplan.com/george-soros/george-soros-you-have-to-realize-that-the-system-has-broken-down_04112009[/URL]

Re: US Dollar Falls off a cliff

yep, been keeping track of it myself.

but no need to worry brother, nobody plans these things, they just happen...lol

Re: US Dollar Falls off a cliff

Soros is full of shit...always was and always will be.

Re: US Dollar Falls off a cliff

if by full of shit you mean very connected politically and a billionaire.. then ya forsure..

Re: US Dollar Falls off a cliff

[url]http://www.forbes.com/feeds/reuters/2009/09/11/2009-09-11T133651Z_01_N11441459_RTRIDST_0_MARKETS-FOREX-UPDATE-6.html[/url]

Read this - the irony is that this short-term trend may likely be happening because data has recently come out, suggesting that things are starting to look better with the world's economy. As a result, investors are moving back into equities and other higher-yielding currencies away from traditionally "safe" money markets investments.

Longer term, it's probably because people fear inflation in the US as a result of the policies initiated in order to keep the financial system and general economy from falling apart.

Re: US Dollar Falls off a cliff

those policies are making it worse Miro. It can't keep the economy from falling apart but only delay the innevitable.

Re: US Dollar Falls off a cliff

[QUOTE=runningman;788387]if by full of shit you mean very connected politically and a billionaire.. then ya forsure..[/QUOTE]

No what I mean is that what he says is what he wants others to believe...its like a self fulfilling prophecy. He is a man of great influence because he is connected and because he is a billionaire. Therefore he knows or believes that what he says will be taken seriously and that it will have an influence on the markets so that he can make money. If you read his statements in chronological order he contradicts himself at least quarterly so...yeah he's full of shit.

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Ya I read his book. He is very manipulative. I conquer.

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[QUOTE=runningman;788414]those policies are making it worse Miro. It can't keep the economy from falling apart but only delay the innevitable.[/QUOTE] perhaps... I dunno. The risk is certainly there.

Re: US Dollar Falls off a cliff

hi. welcome to economics 101.

balance of trade = exports - imports

the US currently has a MASSIVE balance of trade deficit. it imports far, far more than it exports. this is not a good thing when sustained, and the US has been sustaining it for decades. i am too lazy to look up figures at work.

what the falling dollar will do...make goods made in america cheaper for the rest of the world to buy, simultaneously forcing more americans to buy goods made locally. exports go up, imports go down. thus sending the balance of trade in the right direction.

so in short, its not a bad thing at all. and you, runningman, are still an idiot.

good times.

Re: US Dollar Falls off a cliff

thank you for blessing us with your pressence DFN.. always a pleasure reading your indepth analysis of things. No when it is the worlds reserve currency it is not a good thing at all.

Re: US Dollar Falls off a cliff

[QUOTE=day_for_night;789158]hi. welcome to economics 101.

balance of trade = exports - imports

the US currently has a MASSIVE balance of trade deficit. it imports far, far more than it exports. this is not a good thing when sustained, and the US has been sustaining it for decades. i am too lazy to look up figures at work.

what the falling dollar will do...make goods made in america cheaper for the rest of the world to buy, simultaneously forcing more americans to buy goods made locally. exports go up, imports go down. thus sending the balance of trade in the right direction.

so in short, its not a bad thing at all. and you, runningman, are still an idiot.

good times.[/QUOTE]

[QUOTE]thank you for blessing us with your pressence DFN.. always a pleasure reading your indepth analysis of things. No when it is the worlds reserve currency it is not a good thing at all.[/QUOTE]

Runningman took the words out of my mouth...this is bad. Potentially very bad for the US.

[QUOTE]According to our estimates, about $200 billion to $250 billion of U.S. currency was abroad at the end of 1995, or more than half the roughly $375 billion then in circulation outside of banks.[/QUOTE] - Federal Reserve 1996

So imagine if all these people/companies decided that the dollar was not a stable currency and that it would continue to fall...they would exchange it for another more reliable one e.g. the Euro and the US would, to put it bluntly, be fucked.

Re: US Dollar Falls off a cliff

has anyone seen gold prices this week? 1017USD/oz last I checked. As the dollar declines gold seems to skyrocket.

Re: US Dollar Falls off a cliff

[QUOTE=Shpira;789178]Runningman took the words out of my mouth...this is bad. Potentially very bad for the US.

• Federal Reserve 1996

So imagine if all these people/companies decided that the dollar was not a stable currency and that it would continue to fall...they would exchange it for another more reliable one e.g. the Euro and the US would, to put it bluntly, be fucked.[/QUOTE]

Please don't encourage him. It is not the end of the world at all. A one time correction will not be cataclysmic for the US economy. The trade inflows would likely offset any increase in cost, and it would buyo the currency from falling further. A new, lower equilibrium would be hit, and the rest of the world could still use it as a reserve currency.

You guys are acting as if the world is stupid. Companies and countries may not like a falling dollar, but It doesn't mean their gonna go set their house on fire to switch currencies.

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I love how you talk like I'm not even here. Your comments would be true if this was in the 80's or 90's but this correction that you are talking about is much more then that. China, Russia, Brazil, and India are calling for a new reserve currency already. What do you think is going to happen after the next round of bailouts? The dollar is sinking at a rapid rate and the world won't want US dollars which will kick hyperinflation into high gear.

Do yourself a favor and listen to me. If you listened to me a few months back when gold was $930 you would have been making money already. The sky is the limit for gold. First it will be $1030/oz, $1050/oz finally at $2000/oz by the end of 2010 early 2011.

Re: US Dollar Falls off a cliff

there is a saying in the investment community that i think is apt.

"those who know, don't speak; and those who speak, don't know"

Re: US Dollar Falls off a cliff

ya that is when times are good... when times are bad it is the other way around.

Re: US Dollar Falls off a cliff

:?:

Re: US Dollar Falls off a cliff

[QUOTE=runningman;789562]ya that is when times are good... when times are bad it is the other way around.[/QUOTE]

no, its pretty much a universal truth regardless of the state of the economy.

Re: US Dollar Falls off a cliff

[QUOTE=day_for_night;789522]Please don't encourage him. It is not the end of the world at all. A one time correction will not be cataclysmic for the US economy. The trade inflows would likely offset any increase in cost, and it would buyo the currency from falling further. A new, lower equilibrium would be hit, and the rest of the world could still use it as a reserve currency.

You guys are acting as if the world is stupid. Companies and countries may not like a falling dollar, but It doesn't mean their gonna go set their house on fire to switch currencies.[/QUOTE]

no it would be fine if what you are saying was true...if it did hit a new equilibrium. The problem is $ volatility...i.e. its constant shifts...the dollar is just way too unstable right now.I don't think its a cataclysmic event at all...the pound was the standard before and gold before that so if it changes it changes nothing truly spectacular will happen.

p.s. not trying to encourage anyone just trying to have a healthy debate.

Re: US Dollar Falls off a cliff

Dollar is done for, don't believe the talking heads, china is already shifting it's dollars to commodities like oil wells and mines and such.

[QUOTE]China has been buying into oil with size and at a premium. This has analysts puzzled:

"Sinopec’s offer is equivalent to $34 a barrel of proved reserves and $14 a barrel of proved and probable reserves. The African transaction average in 2007, when the average crude price is similar to current prices, was $14.40 a barrel for proved reserves and $9.90 for proved and probable reserves, respectively. On a proved basis, the 2007 average suggests $3.1 billion total value for the deal. Therefore, $7.2 billion implies a 135% premium."

But when it becomes obvious to investors the world over that a US dollar devaluation is the only possible way to manage the kind of debt burden the US has accumulated, those premiums will vanish instantly. Oil quoted in US dollars could easily make new highs beyond $147 in such a scenario. China will not only have safe guarded the wealth of its citizens by owning oil fields, but will also have increased the global political power of the country thru the acquisition these strategic assets.

[URL]http://benbittrolff.blogspot.com/2009/06/china-cleverly-dumping-us-dollars.html[/URL] [/QUOTE]

Re: US Dollar Falls off a cliff

Celente pretty much hit the nail on the head.

[YOUTUBE]http://www.youtube.com/watch?v=JhaEc_4zuFI&feature=player_embedded#t=677[/YOUTUBE]