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Dollar?s dramatic decline comes out of your wallet


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The currency market is the ultimate outlet where votes are cast against a central bank that is acting foolishly. Thanks to the actions of our central bank in the last few years, we have seen a dramatic decline in the dollar. It?s not been portrayed as such. In fact, it has been deemed to be orderly and has many people trumpeting how good it is. (Compare the carnival barkers at the Fed to their responsible counterparts in Australia. Last week, these real men from Oz raised the overnight lending rate 25 basis points, to 5.25%, as a pre-emptive move against the speculative fantasies that give rise to a mania.)

 

Let's call a spade a spade. When the value of your currency goes down, it is bad, plain and simple. It is a de facto increase in the cost of living -- your cost of living . . .

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Great read over on Puplava last night...

 

"The key major driver in this new bull market in gold and silver is a monetary one. It began with Fed policies to reinflate the financial system and the economy to prevent asset deflation. Since 2000 M3 in the U.S. has grown by $2.3 trillion. Credit and money growth has also been inflated through the issuance of mortgages being underwritten by GSE?s such as Freddie and Fannie. The U.S. is in the midst of a credit boom that is unprecedented in history. No other nation throughout history has expanded its money supply, issued as much credit, or taken on more debt than the U.S. Since succeeding Paul Volker as Fed Chairman in 1987 the hallmark of the Greenspan Fed has been to print, print, and print money.".......more

 

http://www.financialsense.com/Market/daily/monday.htm

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She's Real Fine

 

My 409

 

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The currency market is the ultimate outlet where votes are cast against a central bank that is acting foolishly. Thanks to the actions of our central bank in the last few years, we have seen a dramatic decline in the dollar. It?s not been portrayed as such. In fact, it has been deemed to be orderly and has many people trumpeting how good it is. (Compare the carnival barkers at the Fed to their responsible counterparts in Australia. Last week, these real men from Oz raised the overnight lending rate 25 basis points, to 5.25%, as a pre-emptive move against the speculative fantasies that give rise to a mania.)

 

Let's call a spade a spade. When the value of your currency goes down, it is bad, plain and simple. It is a de facto increase in the cost of living -- your cost of living . . .

All that great beer in Fokkerland....................is getting more and more expensive.................with everything else.................

 

Great piece on Fleck, Glad..................

 

If American high school students could read.............most can't...........It would make fabulous required reading...................

 

This is by design.............The Matrix wants to keep the sheep stupid..............

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Morning all... Lots of open and accepted talk about inflation the past 2 days on Crapvision, and other general financial stations. I think the spark that will take Gold to the next levels is going to be an alerted public. If they think they are smelling out the early trend, the PM Miners and Gold itself will make a nice move. The question will be whether it will be worth it to step back from any corrections. My thinking is that unless we see huge daily moves, I'm holding mine close.

 

Good fortune today.

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The Fed has much on their spinning plates today

The fate of the worlds financial markets rest on the words "considerable period"

If they choose to drop "considerable period" the stock market tanks with the bond but the dollar, {whats left of it}, is temporarily saved

If "considerable period" is retained say goodbye to the dollar and hello 10000. The bonds reaction is the big unknown, however a tanking dollar does not bode well for US paper.

The feds job is to preserve the purchasing power of the dollar. Seems they have lost their focus. With the pound at a 11 year high, the euro setting its 8th record in a row this morning, one would think the last outcome desired today, would be a further spooking of the greenback. The real fed funds rate when adjusted for inflation has been below 0% for 15 months running. I, {I know nothing}, vote they put the brakes on the dollars decline. Could be a bad afternoon on the bond markets.

Whatever they decide to do it will be a day to remember!

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