Dollar v. Euro
Posted on 10/20/2009 11:17:05 AM PDT by blam
US Hyperinflation?
By Chuck Butler
10/20/09
St. Louis, Missouri – The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day…
Front and center this morning, the currencies – which had given background overnight to the dollar – are back in rally mode, and are taking liberties with the dollar once more. For most of the night, that was not the case, though. The dollar had rallied back and sent the euro, for instance, to the 1.48 handle, after the single unit spent yesterday at 1.49 and change… There seemed to be a move to the dollar, but that didn’t last long, and the currencies are once again rallying versus the dollar this morning, and the euro has pushed to 1.4970 as I write.
Daily noise, eh? Yes, you have to wade through it most days, and keep your eyes fixed on the horizon…
OK, I mentioned above that the finance ministers of the Eurozone met yesterday, and tried to stem the dollar’s decline by backing the US administration’s stated preference for a strong dollar… Of course we all know that the US administration’s stated preference for a strong dollar is a bunch of horse dookie! So… What was it that the Eurozone FMs were backing? A false statement by the US? Now, that’s something to hang your hat on, eh? The dolts just continue to mount daily don’t they?
[snip]
(Excerpt) Read more at dailyreckoning.com ...
??? Does a monetizer crap in the woods? ... Thank Bernanke for the devaluation
US Hyperinflation?
Don’t we have it right now????????
Sure seems like it to me !
I'm just amazed that there is still no consensus.
At this point, the Fed is printing money like crazy.
However, banks are not lending and consumers are not consuming.
Currently, we have deflation, because it doesn’t matter how much money has been printed; if it isn’t being used, there’s nothing to drive inflation.
My quick take, anyway.
Dollar v. Euro
I'm just amazed that there is still no consensus.
It's a battle of Obama killing the economy, businesses and the local banking system of saving and lending money (as opposed to the New York banking system of skimming the taxpayers) versus Ben Bernanke and his magic printing press.
I'm betting both will win with a high inflation depression. No jobs plus hundred dollar bills for toilet paper. Time to see how people survived in Zimbabwe.
What would be even one example of that?
There is an overall destruction of money going on in our economy right now - not an increase.
And I was kinda happy today.
Depends on which money calculations you choose to use.
Yeah. I confess that I cannot imagine what it might be like here. The people who went through the 1930's had a clear ability to make do and take care of themselves. Today, I think a lot of people have very high expectations, no appreciable skills, and angry personalities.
There are regions of this country where people will NOT pull together and try to get through. They will simply lash out and turn their area into Sudan.
LOL. Sorry bout that.
Thanks. See post #15.
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