Skip to comments.Is the dollar beginning it's decline?
Posted on 05/04/2009 1:13:38 PM PDT by mikelets456
Is this the VERY beginning of the downward spiral of our currency? I am beginning to notice that the Euro and Pound are going up daily. The Euro was at 1.23 now at 1.35 and the Pound previously 1.36 to 1.50...is this the beginning of inflation? Oil rising as well...this could be the tip of the "turd" ready to erupt. Hey, printing all that $$$ will eventually have consequences, there really is no escape from that. Never in the history of man kind has "throwing money" at a crisis helped...NEVER!
...Bob Brinker doesn’t think so, for what it’s worth.
Bob Brinker voted for Obama
Aren’t they spending like drunken Obamites over there too? Question is, who is going to win the race?
As are almost every commodity.
A bet on the dollar is a bet on Obama.
Right now he is still fairly popular. Watch what happens to the dollar if he becomes unpopular.
Natural gas bottomed last Thursday and it’s current trajectory is sharply vertical. See UNG (NYSE) up 12.75% in three trading days. Yippee!
Wait a minute......are you saying that if I owe a whole bunch of money, that I can’t pay back, borrowing more won’t help? I’ll be darned. I didn’t know that.
“Beginning” its decline????
Is the Pope Catholic?
Was the Prophet Mohammad a child molester?
Is Obama a sneaky little bitch?
.....Yes, Yes, Yes and Yes. Of course the dollar is declining.
By removing all those dollars from the pool, you'll make the remaining dollars more valuable.
If this doesn't bring up the value enough, then just print another few trillion and burn them.
Well, here’s a chart. The dollar did fairly well for a while, because other countries were having even worse economic problems. But Obama has been spending money like there’s no tomorrow, so that will probably shift.
Peter Grandich, who has a pretty good forecast record, has come out recently with a VERY BEARISH report on the dollar. I can’t link to it here, but here’s an earlier report of his:
Almost time to max out the credit cards ;)
I’d like to know why the stock market is doing so well.. suspicious.
The dollar has been falling occasionally without much interruption since 1973. But it isn't going to zero. The financial crisis consisted (and consists) in an epic crowd of credulous fools all betting that it would at once, all being wrong.
If the dollar in the future were going to be worth zero, borrowing dollars to buy any real asset in existence would be an automatic win. Everybody tried that, and they can't pay back the dollars, because those dollars are not worth zero, but oh about 3-4 times as much as the reckless bettors expected (in oil, in houses, in every industrial commodity you can name...).
Central banks that tighten enough to break bubbles even if it wipes out $10 trillion in wealth do not see repudiation of their currencies. It is all reckless slander and always was. Stop regurgitating it, already.
I find it very hard to believe that my right wing bias is blinding me to Obama’s brilliance. Something is not making sense.
The market always moves so as to inconvenience the greatest crowd of fools. Always.
Yeah, I posted that somewhere else...How the heck can the market be going through the roof with all this “Anti-business, Government control and massive spending...”!
it’s all a mirage and will disappear very soon!
And I told you that conservatives predicting the end of the world instead would look like fools, and that the Dems would stand there and take credit for the natural recuperative powers of capitalism and the technocratic strength of the Fed and the whole system, all while slander those who actually run it.
And you-lot were played like a violin...
Nothing makes sense anymore.. and Im sure that is the way they like it. We are being lead to a cliff..