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Is the dollar beginning it's decline?
Me | 5/4/2009 | Mike

Posted on 05/04/2009 1:13:38 PM PDT by mikelets456

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1 posted on 05/04/2009 1:13:39 PM PDT by mikelets456
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To: mikelets456

...Bob Brinker doesn’t think so, for what it’s worth.


2 posted on 05/04/2009 1:14:51 PM PDT by MSF BU (++)
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To: MSF BU

Bob Brinker voted for Obama


3 posted on 05/04/2009 1:16:23 PM PDT by goodnesswins (WE have a REPUBLIC.....IF we can KEEP IT!!!)
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To: mikelets456

Aren’t they spending like drunken Obamites over there too? Question is, who is going to win the race?

The NappyOne


4 posted on 05/04/2009 1:16:51 PM PDT by NappyOne
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To: MSF BU

As are almost every commodity.


5 posted on 05/04/2009 1:18:38 PM PDT by spyone (ridiculum)
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To: mikelets456

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.


6 posted on 05/04/2009 1:23:07 PM PDT by PGR88
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To: spyone

Natural gas bottomed last Thursday and it’s current trajectory is sharply vertical. See UNG (NYSE) up 12.75% in three trading days. Yippee!


7 posted on 05/04/2009 1:23:29 PM PDT by pingman (Recession be damned; I refuse to participate!)
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To: mikelets456

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.


8 posted on 05/04/2009 1:25:05 PM PDT by RC2 (WE ARE A REPUBLIC.......act like it.)
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To: mikelets456

“Beginning” its decline????


9 posted on 05/04/2009 1:27:01 PM PDT by SandWMan (Even if you can't legislate morality, you can legislate morally.)
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To: mikelets456
Is the dollar beginning it's 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.

10 posted on 05/04/2009 1:28:22 PM PDT by Jeff Gordon (I don't trust Obama with my country. Do you?)
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To: mikelets456
Just print a few trillion dollars up, then burn them.

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.

It's foolproof.

11 posted on 05/04/2009 1:30:19 PM PDT by Born to Conserve
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To: mikelets456

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.

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=4&dy=0&id=p24903662436

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:

http://news.goldseek.com/Grandich/1230739382.php


12 posted on 05/04/2009 1:31:57 PM PDT by Cicero (Marcus Tullius)
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To: mikelets456

Almost time to max out the credit cards ;)


13 posted on 05/04/2009 1:33:53 PM PDT by Centurion2000 (We either Free America ourselves, or it is midnight for humanity for a thousand years.)
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To: mikelets456

I’d like to know why the stock market is doing so well.. suspicious.


14 posted on 05/04/2009 1:33:53 PM PDT by divine_moment_of_facts
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To: mikelets456
No.

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.

15 posted on 05/04/2009 1:40:54 PM PDT by JasonC
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To: divine_moment_of_facts
So would I.

I find it very hard to believe that my right wing bias is blinding me to Obama’s brilliance. Something is not making sense.

16 posted on 05/04/2009 1:40:59 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: divine_moment_of_facts
Because it was oversold by reckless doom-mongers and the world didn't end on cue.

The market always moves so as to inconvenience the greatest crowd of fools. Always.

17 posted on 05/04/2009 1:42:08 PM PDT by JasonC
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To: divine_moment_of_facts

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!


18 posted on 05/04/2009 1:42:18 PM PDT by mikelets456
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To: qam1
It has nothing to do with brilliance, it is simply the Fed did the right, necessary things last fall and with the typical 6 to 9 month lag they are having their predictable and predicted effects.

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...

19 posted on 05/04/2009 1:44:31 PM PDT by JasonC
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To: qam1

Nothing makes sense anymore.. and I’m sure that is the way “they” like it. We are being lead to a cliff..


20 posted on 05/04/2009 1:45:05 PM PDT by divine_moment_of_facts
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To: mikelets456

All the metals were up today, energy was up, the Euro and the Sterling were both up. So maybe.


21 posted on 05/04/2009 1:47:14 PM PDT by NeoCaveman (control the teleprompter, control the world)
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To: JasonC
And I told you that conservatives predicting the end of the world instead would look like fools

In the short term you're probably right. In the long term, not so much.

22 posted on 05/04/2009 1:51:06 PM PDT by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: BfloGuy

the UK Currency is going down as well. Their problem is worst than the US at moment. plus they dont have the advantage of having their currency as the reserve currency.


23 posted on 05/04/2009 1:53:39 PM PDT by 4rcane
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To: MSF BU
...Bob Brinker doesn't think so, for what it's worth.

I pay close attention to whatever Bob Brinker recommends... and then try to do the opposite. I can remember him talking up SPDRs when the S&P 500 was 50% higher than it is now. Thanks, Bob.
24 posted on 05/04/2009 1:54:01 PM PDT by irishjuggler
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To: JasonC

I held tight when it was all going into the crapper.. Just seems like the same careless money lending is happening again.. It won’t end well this time, either.


25 posted on 05/04/2009 1:55:10 PM PDT by divine_moment_of_facts
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To: BfloGuy
Capitalism always recovers, and the American economy always grows. The sun also comes up each morning and water remains wet. Pretending that Obama is only bad if these things stop happening on his watch is setting a bar so low that any fool can clear it, and is stupid, stupid, stupid.

Obama may well screw up foreign policy stuff enough to let Iran get nuclear weapons, and five or ten years from now a million or more people may fry in consequence. He can be a disaster of that sort. But capitalism isn't going to roll over and die because he isn't as conservative as the Cato institute, and betting the movement on that happening was and always will be, dumb as rocks.

Don't make the Dem mistake of betting against America... and don't conceed to Dems, victory if American succeeds. America will succeed, small thanks to them, and never let the people forget it.

26 posted on 05/04/2009 1:55:50 PM PDT by JasonC
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To: divine_moment_of_facts
It doesn't end, there is never any "end". It is a normal economic cycle, it busts and it booms. Expecting neat morality plays from economic or financial cycles is dumb, it is like expecting a rainstorm net week to end civilization. When did conservatives lose their trademark sense of proportion for ideological extremism and doom-mongering?
27 posted on 05/04/2009 1:57:36 PM PDT by JasonC
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To: JasonC

Over half of this country will passively watch as Obama plays Hugo Chavez II. If nothing is done, it won’t be business cycles as usual.


28 posted on 05/04/2009 2:13:03 PM PDT by TexasRepublic
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To: mikelets456

It may have. I’ve bet on the dollar’s demise personally.

Of course, it may go back and forth over the next couple of years, but the trajectory is down. Below 80, I’d get out completely.


29 posted on 05/04/2009 2:14:26 PM PDT by OpusatFR (Those embryos are little humans in progress. Using them for profit is slavery.)
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To: mikelets456

Inflation is dead, kid. D E A D.

They’ve been searching for inflation since 1989 in Japan...can’t find it.

Won’t find it here for years, either. Maybe longer.

...but...

You’ll see lots of people continuously promising you that “it’s just around the corner.”

They’re clueless.

Inflation isn’t even close.


30 posted on 05/04/2009 2:18:54 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: MSF BU

I used to listen to Bob Brinker. Maybe it was me, but it seemed he talked alot but never said anything.


31 posted on 05/04/2009 2:26:45 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: JasonC
Don't make the Dem mistake of betting against America... and don't conceed to Dems, victory if American succeeds. America will succeed, small thanks to them, and never let the people forget it.

That's a good thought. The Dems didn't credit Reagan/Bush Sr. for the Cold War ending on their watch or feel any compulsion to reelect Bush Sr. as a result, and we don't have to credit the Dems should America pull herself out of this recession.

32 posted on 05/04/2009 2:28:24 PM PDT by TwelveOfTwenty (Hey Nancy, how many jobs have been lost since you and the Democrats took Congress?)
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To: irishjuggler

We were rather PO’d that he recommended Ginnie Maes as dead solid, and then they died.


33 posted on 05/04/2009 2:44:08 PM PDT by tbw2 (Freeper sci-fi - "Humanity's Edge" - on amazon.com)
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To: JasonC
It is a normal economic cycle, it busts and it booms

You have to be kidding me. This has not been a Normal bust and boom.. for crying out loud!
34 posted on 05/04/2009 8:34:51 PM PDT by divine_moment_of_facts
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To: JasonC

“...It doesn’t end, there is never any “end”. It is a normal economic cycle, it busts and it booms....”

I guess printing trillions of $$$, allocating billions to “pork projects”, lying and ready to spend another 3.7 trillion will have no consequences? You call this a NORMAL business cycle?

This will change the course of American history...come on!


35 posted on 05/05/2009 6:32:37 AM PDT by mikelets456
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To: rbg81

Well, I get more of an economics lesson than anything else, although his guests are often interesting.


36 posted on 05/05/2009 8:59:00 AM PDT by MSF BU (++)
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To: divine_moment_of_facts
Sure it has. You are just spoiled by the last 2 recessions being unusually mild, and continuing the long financial uptrend since 1982. This sort of thing is utterly normal in the history of capitalism. In 1973-4 we had it, it was worse at the end of the 70s, about the same in 71, much worse in the 30s, worse in 1922, worse in 1907, worse in the 1890s, etc. Read Kindleberger sometime and then we'll talk.
37 posted on 05/05/2009 12:45:20 PM PDT by JasonC
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To: mikelets456
The course of American history hasn't been changed by anything short of world war, for centuries. Even those have provided only inflection points. No, the election of Obama is not the end of the world, nor of capitalism. A bear market is not poverty. Unemployment hitting for a year the levels western Europe has lived with for a generation is not catastrophe. This too shall pass.

Once upon a time, conservatives has a better sense of proportion and hard nosed realism than flighty hysterical liberals and their doom mongering panics. Apparently something got into the water and you have all lost your marbles...

38 posted on 05/05/2009 12:49:19 PM PDT by JasonC
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To: Southack; mikelets456
"Inflation isn’t even close."

Now that our beneficient government has re-defined inflation, they can also take a moment and re-define re-distribution, taxes, government spending, growth of government, loss of freedom, and all the rest.

That way, we are living fat and happy because daddy o-bomber will take care of us.

Since when does printing more money NOT mean inflation?

That is the definition that most of the intelligensia use, so why not you, too?

39 posted on 05/07/2009 9:37:29 AM PDT by Designer (We are SO scrood!)
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To: JasonC

Printing 4 trillion dollars + of currency (even if it’s electronic) is not a normal business cycle.


40 posted on 05/07/2009 9:40:53 AM PDT by Centurion2000 (We either Free America ourselves, or it is midnight for humanity for a thousand years.)
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To: MSF BU; goodnesswins
"Bob Brinker voted for Obama"

Bob Brinker has his, and that's all that's important to him.

Just listening to him, I realized he was a liberal.

Wealthy liberal, but just as ignorant as all the other liberals.

41 posted on 05/07/2009 9:41:07 AM PDT by Designer (We are SO scrood!)
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To: Designer
"Since when does printing more money NOT mean inflation? That is the definition that most of the intelligensia use, so why not you, too?"

Printing new money is only part of the equation. The other part is Credit.

Cash + Credit = Money Supply.

If credit availability is destroyed (e.g. no more sub-prime home loans) faster than new money is printed, then you get Deflation because the Money Supply shrank.

42 posted on 05/07/2009 12:10:51 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack
"If credit availability is destroyed (e.g. no more sub-prime home loans) faster than new money is printed, then you get Deflation because the Money Supply shrank."

That is all correct, but don't look for any deflation in this lifetime.

43 posted on 05/07/2009 12:48:39 PM PDT by Designer (We are SO scrood!)
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To: Designer
"That is all correct, but don't look for any deflation in this lifetime."

Deflation just means that prices deflated. Well, prices on homes and stocks are quite a bit down from their peak. They've deflated.

Salaries are down. And because employment is down, wages and overtime hours are down in aggregate.

Less credit being available generally brings prices down, too.

Stocks and homes are big-ticket items. So are salaries and wages.

They are all down.

Oil has fallen from $147/barrel down into the $50's.

Copper is half of its peak.

The daily rate for supertankers making the crude run from Saudi Arabia to Japan has plunged from $177,000 last year to $16,000 this month.

That's substantial deflation.

I don't know...maybe you could find some grandma to tell you that she's paying a few pennies more for milk...but not much is going up in price compared to the peaks last year.

Deflation is here in a big way.

44 posted on 05/07/2009 12:57:27 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Designer

I don’t know if he is a liberal. I DO KNOW that I have NEVER heard him make mention of any family member ever having served in the military. Interesting.


45 posted on 05/07/2009 6:31:09 PM PDT by MSF BU (++)
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To: Southack

We shall see what happens when the treasury tries to fund the deficit. It will be interesting.


46 posted on 05/07/2009 6:32:17 PM PDT by MSF BU (++)
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To: goodnesswins

Bob Brinker totally missed the market downturn.


47 posted on 05/07/2009 6:33:17 PM PDT by cornfedcowboy
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To: MSF BU
"We shall see what happens when the treasury tries to fund the deficit. It will be interesting."

That's been going on already. You're 2 months behind the times.

Deflation.

Just like Japan for the past 20 years.

48 posted on 05/07/2009 7:13:37 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack

Not in ernest, the real spending and the debt to finance it has yet to begin.


49 posted on 05/08/2009 5:04:31 AM PDT by MSF BU (++)
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To: MSF BU

The U.S. has poured $12.8 Trillion in new cash and credit into the economy since May of 2008.

That’s 100% of GDP. Huge!

From a year ago.

Where’s inflation?

It’s MIA.

You’re stuck claiming the same thing as every other discredited inflationist...that somehow inflation is “just around the corner.”

Nope.

Not even close.

Inflationists have been wrong for at least a year here in the U.S., and have been wrong each year for the past 20 years in Japan.


50 posted on 05/08/2009 6:39:31 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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