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Dollarís dramatic decline comes out of your wallet


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#1

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Posted 09 December 2003 - 08:18 AM

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. Itís 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 . . .


#2 seamus

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Posted 09 December 2003 - 09:07 AM

This should do it...

07:45 ET GM upgraded at Goldman Sachs

#3 GregFokker

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Posted 09 December 2003 - 09:07 AM

Check out IPSU as a commodity play- anyone following this?

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#4 Lock Limit Down

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Posted 09 December 2003 - 09:10 AM

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 GSEís 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.financial...aily/monday.htm
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#5 DrStool

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Posted 09 December 2003 - 09:16 AM

She's Real Fine

My 409

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#6 Ned38

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Posted 09 December 2003 - 09:22 AM

Funny Doc

I have had that song in my head all morning

wonder why ? lol

#7 Calculus

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Posted 09 December 2003 - 09:26 AM

Where's the buying level in IVAN?

Why's it falling out of bed? News or too many specs caught the wrong way?

Anywhere below $3 looks ok to me

#8

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Posted 09 December 2003 - 09:29 AM

Silver trading -- 5.58!! :rolleyes:

#9

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Posted 09 December 2003 - 09:32 AM

This is what the Fed is going to have to face interest rate wise. If not today, soon.
Posted Image

#10 Bird D Durr

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Posted 09 December 2003 - 09:33 AM

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. Itís 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..............

#11

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Posted 09 December 2003 - 09:34 AM

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.

#12 Sphinxter

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Posted 09 December 2003 - 09:34 AM

This is what the Fed is going to have to face interest rate wise. If not today, soon.
Posted Image

Yes. I would propose that last March would have been the correct time.

Alas.

#13 Sphinxter

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Posted 09 December 2003 - 09:36 AM

Silver trading -- 5.58!! :rolleyes:

Ha ha ha ha ha ha ha ha ha!

:P :P :D :D :D

#14

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Posted 09 December 2003 - 09:39 AM

Ha ha ha ha ha ha ha ha ha!

:P :P :D :D :D

How does 5.60 grab you? :D

#15 Lock Limit Down

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Posted 09 December 2003 - 09:41 AM

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!
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson





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