http://www.freerepublic.com/tag/dollar/ en-us Wed, 6 Jan 2010 15:17:17 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2422183/posts The United States is honoring our Nation's Presidents by issuing $1 circulating coins featuring their images in the order that they served in office. The United States Mint issues four Presidential $1 Coins each year, with Presidents Fillmore, Pierce, Buchanan, and Lincoln being honored in 2010. Each coin has a common reverse design featuring a striking rendition of the Statue of Liberty. These coins feature large, dramatic artwork, as well as edge-incused inscriptions of the year of minting, or issuance, E PLURIBUS UNUM and the mint mark. In 2009 "In God We Trust" was moved from the edge to the... US Mint http://www.freerepublic.com/focus/f-news/2422183/posts#comment Wed, 6 Jan 2010 15:17:17 GMT http://www.freerepublic.com/focus/f-news/2420104/posts Investing in currencies is notoriously tricky. If anyone needed a reminder, just consider the recent behavior of the dollar. The pundits, pointing to the Fed's zero interest rates and to the prospect of budget deficits as far as the eye can see, have been predicting a weaker dollar. Yet just within the last few weeks the greenback rallied by 3% against the euro. Anyone taking the conventional bet would have been caught out. This movement is a reminder of what is special about exchange rates. An exchange rate is the relative price of two currencies. For someone betting that the... Motley Fool http://www.freerepublic.com/focus/f-news/2420104/posts#comment Sun, 3 Jan 2010 19:07:37 GMT http://www.freerepublic.com/focus/f-news/2417229/posts U.S. Dollar Collapse 2012 Currencies / US Dollar Dec 29, 2009 - 03:19 PM By: Christopher_Laird Devolution of the USD 2012? - As the first public article for me just before 2010, it seems appropriate for me to comment on one of the biggest stories we will be all facing – that is an end game of events leading to the end of the USD. The implications for the world are no less than Armageddon – like. I mean it. Before we get into some details, I have been working on forecasts for 2010, and my study of the USD... The Market Oracle http://www.freerepublic.com/focus/f-news/2417229/posts#comment Tue, 29 Dec 2009 22:43:14 GMT http://www.freerepublic.com/focus/f-bloggers/2414336/posts The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit. In its wide-ranging report this fall, the UN Conference on Trade and Development (UNCTAD) stated that the system of currencies and international banking practices within today’s economies were inadequate, and responsible for the present economic crisis. The report advocates that the present monetary system, wherein the dollar acts as the global reserve currency be re-examined “with urgency”. The UNCTAD Report was the first time a major... Examiner http://www.freerepublic.com/focus/f-bloggers/2414336/posts#comment Thu, 24 Dec 2009 07:55:06 GMT http://www.freerepublic.com/focus/f-news/2412579/posts GETS FORMER SEQUOIA CO. VP NAMED AS ADVISER TO U.S. ELECTION ASSISTANCE COMMISSION Earlier this month, Obama made his first official move to corrupt and undermine the 2010 elections. The move consisted in the little noticed appointment of a technical adviser to the Technical Guidelines Development Committee (TGDC) of the U.S. Election Assistance Commission (EAC). The importance of the appointment was explained at The Brad Blog last Monday. The Official Press Release of the U.S. Election Assistance Commission read as follows: U.S. ELECTION ASSISTANCE COMMISSION 1225 New York Ave. NW – Suite 1100 Washington, DC 20005 For Immediate Release December... The Post & Email http://www.freerepublic.com/focus/f-news/2412579/posts#comment Mon, 21 Dec 2009 23:42:04 GMT http://www.freerepublic.com/focus/f-news/2412254/posts Just as the year end onslaught on the dollar was spearheaded to a climax by Blankfein’s minions, so did Europe finally decide to convulse under an unbearable lead of ridiculous mispriced “assets” and vomited up a whole load of troubling financial data, which spread from Greece to Austria to Ireland, setting sovereign CDS to multi month highs. Obviously, this did not help the weak dollar case and cost GS traders a few hundred million. A note to traders indicates that while Goldman has not lost the war of intergalactic domination, it too, can lose the occasional battles: Last Friday we... ZeroHedge http://www.freerepublic.com/focus/f-news/2412254/posts#comment Mon, 21 Dec 2009 15:49:38 GMT http://www.freerepublic.com/focus/f-news/2412233/posts <p>The popular narrative about the dollar — that it is on a greased banana peel skidding downhill — has been pretty well verified by price action of the dollar versus the euro and other major foreign currencies this year. The more extreme adherents of this view suggest that the dollar is doomed because of U.S. government debt and other indicators of decline and decay. I have never shared the long-term dollar doom and gloom viewpoint, but I do believe that very low short-term interest rates and other government policies have definitely hurt the dollar.</p> Marketwatch http://www.freerepublic.com/focus/f-news/2412233/posts#comment Mon, 21 Dec 2009 15:26:07 GMT http://www.freerepublic.com/focus/f-news/2411084/posts Harder to buy US Treasuries Created: 2009-12-18 0:13:35 Author:Zhou Xin and Jason Subler IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday. The comments by Zhu Min, deputy governor of the People's Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds. Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their... Shanghai Daily http://www.freerepublic.com/focus/f-news/2411084/posts#comment Sat, 19 Dec 2009 13:25:52 GMT http://www.freerepublic.com/focus/f-bloggers/2410330/posts Here is a "blog novel" about the collapse of the dollar, and the consequences to the USA. The writing is at the very highest level. If it was in a printed, published hard copy form, I'd buy it and recommend it. Yet here it is, for free, just click to it and enjoy. (If enjoy is the word.) The link takes you to Part One of "The Day the Dollar Died." Shenandoah, JohnGaltFLA.com http://www.freerepublic.com/focus/f-bloggers/2410330/posts#comment Fri, 18 Dec 2009 13:40:49 GMT http://www.freerepublic.com/focus/f-news/2410292/posts BEIJING (Reuters) - It is getting harder for governments to buy U.S. Treasuries because the United States' shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said on Thursday. The comments by Zhu Min, deputy governor of the People's Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of U.S. government bonds. Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its $2.3 trillion reserves are tied to their value, and markets always watch any such comments closely... Yahoo News (Reuters) http://www.freerepublic.com/focus/f-news/2410292/posts#comment Fri, 18 Dec 2009 12:10:04 GMT http://www.freerepublic.com/focus/f-bloggers/2409945/posts (912 on the mall) The left's anti-American coup d'etat on America, made possible by the first radical Marxist in the White House, calls for distinctly American counter measures. Dr. Jack Wheeler has "a strategy for any Republican wanting to get elected or re-elected to Congress in 2010, and for any Tea Partyer wanting to take individual action now against a government that ignores the Constitution -- Defund and Disobey." Here's an excerpt of "The Double -D Strategy for rescuing America": Let's talk about the Defund D first. The Founders in their usual brilliance place the power of the purse in... Atlas Shrugs http://www.freerepublic.com/focus/f-bloggers/2409945/posts#comment Thu, 17 Dec 2009 23:05:13 GMT http://www.freerepublic.com/focus/f-news/2409916/posts It's often said markets function better when there is gridlock in Washington, D.C. because there's less of a chance for government will interfere in the private sector, creating a sense of security. But in this day and time, that theory applies to the U.S. dollar as well. On CNBC's Dec. 17 "Squawk Box," CNBC Chicago Mercantile Exchange reporter Rick Santelli debated what was causing the recent rise in the U.S. dollar. Santelli, the original inspiration for the tea party movement, squared off with Jim Iuorio, CNBC "OptionsAction" regular and CME trader, about the cause - a weakened European economy or... NewsBusters http://www.freerepublic.com/focus/f-news/2409916/posts#comment Thu, 17 Dec 2009 22:33:57 GMT http://www.freerepublic.com/focus/f-news/2409625/posts China, once a proud holder of United States post-World War II debt, is getting scared. For years the People's Republic has bought U.S. Treasuries, eventually becoming the largest holder of U.S. debt ($799 BILLION to be exact!). Those days are long gone, though. During 2009, China hasn't been buying many Treasuries and has been unloading dollars in a way that makes Geithner shiver at night. And other big U.S. debt carriers like Japan may follow suit if confidence is lost. This presentation, courtesy of RBS, takes a deeper look into China's holdings and associated volumes since 2005. Get ready for... The Business Insider http://www.freerepublic.com/focus/f-news/2409625/posts#comment Thu, 17 Dec 2009 16:25:35 GMT http://www.freerepublic.com/focus/f-news/2409558/posts Stocks Hit By Dollar, Jobless Claims By Melinda Peer 12/17/09 - 09:44 AM EST NEW YORK (TheStreet) -- Stocks opened lower Thursday as weekly jobless claims rose more than Wall Street expected and the dollar strengthened. More on C Amazon.com: Analysts' Upgrades, DowgradesBank of America, New CEO Face ChallengesFedEx Earnings Down, but Beat Estimates Market Activity FedEx Corporation| FDX DOWNDiscover Financial Services| DFS DOWNDow Jones Industrial Average| ^DJI DOWNThe Dow Jones Industrial Average was down by 62.7 points, or 0.6%, at 10,378.5 shortly after Thursday's opening bell. The S&P 500 was lower by 7.1 points, or 0.6%, at 1102.1 and... The Street http://www.freerepublic.com/focus/f-news/2409558/posts#comment Thu, 17 Dec 2009 15:18:19 GMT http://www.freerepublic.com/focus/f-news/2409292/posts RPT-GLOBAL MARKETS-Dollar Rises, Asian Shares Steady After Fed Wed Dec 16, 2009 10:02pm EST By Masayuki Kitano* Year-end position unwinding lifts dollar vs euro * Dollar rises broadly, hits 3-mth high vs euro * Calm reaction to Fed's cautiously upbeat statement * Asian shares broadly steady, Nikkei hits 7-wk high TOKYO, Dec 17 (Reuters) - The dollar rose and hit a three-month high against the euro on Thursday and Asian shares were broadly steady after the Federal Reserve voiced some optimism about a stabilising economy. The Fed on Wednesday left the benchmark interest rate near zero as expected and reaffirmed... Reuters http://www.freerepublic.com/focus/f-news/2409292/posts#comment Thu, 17 Dec 2009 03:38:28 GMT http://www.freerepublic.com/focus/f-bloggers/2408908/posts The Islamic Circle of North America has been named in "a list of our organizations and the organizations of our friends" by the Muslim Brotherhood, which is bent on waging "a kind of grand Jihad in eliminating and destroying the Western civilization from within and sabotaging its miserable house by their hands and the hands of the believers so that it is eliminated and God's religion is made victorious over all other religions." They say they want to encourage dialogue via these billboards. Great. I'll start. The billboard says that Islam is "the way of life of Adam, Noah, Abraham,... Soda Head http://www.freerepublic.com/focus/f-bloggers/2408908/posts#comment Wed, 16 Dec 2009 18:56:20 GMT http://www.freerepublic.com/focus/f-news/2408791/posts Remember all that pooh-poohing when the gulf states were talking about their own currency? About how silly that would be? That it would never happen? Yeah well, sort of looks like it might. True, there is a deep and very comfortable denial in the United States such that the country can spend anything it wants, pump debt to any level it likes, play whatever games it wishes with the way it counts spending, and still enjoy the benefits of a reserve currency indefinitely. That denial may be just about ready to hit reality: “The Gulf monetary union pact has come... Zero Hedge http://www.freerepublic.com/focus/f-news/2408791/posts#comment Wed, 16 Dec 2009 16:44:04 GMT http://www.freerepublic.com/focus/f-news/2407241/posts How Barack Obama and Ben Bernanke are destroying the dollar — and perhaps ushering in the amero First under the Bush Administration and even more so under President Obama, the federal government has been seizing power and spending money as it hasn’t done since World War II. But as bold as the Executive Branch has been during this financial crisis, the innovations of Fed chairman Ben Bernanke have been literally unprecedented. Indeed, it is entirely plausible that before Obama leaves office, Americans will be using a new currency. Bush and Obama have engaged in record peacetime deficit spending; so too... The American Conservative http://www.freerepublic.com/focus/f-news/2407241/posts#comment Mon, 14 Dec 2009 17:00:16 GMT http://www.freerepublic.com/focus/f-news/2408316/posts NEW YORK (MarketWatch) -- The dollar rose to the highest level in more than two months on Tuesday as stronger-than-expected U.S. economic reports lifted the greenback and concerns over the potential for European banks encountering a new round of problems weighed on the shared euro. Currency traders also positioned themselves as the Federal Reserve began its two-day monetary policy meeting. The dollar index /quotes/comstock/11j!i:dxy0 (DXY 76.91, +0.63, +0.82%) , which tracks the greenback against a trade-weighted basket of six major counterparts, rose to 77.022, compared with 76.351 late Monday. During the session, it touched 77.092, the highest on a closing... Market Watch http://www.freerepublic.com/focus/f-news/2408316/posts#comment Wed, 16 Dec 2009 00:03:59 GMT http://www.freerepublic.com/focus/f-news/2408264/posts The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate. “The Gulf monetary union pact has come into effect,” said Kuwait’s finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait. The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil... Telegraph UK http://www.freerepublic.com/focus/f-news/2408264/posts#comment Tue, 15 Dec 2009 22:56:15 GMT http://www.freerepublic.com/focus/f-news/2408195/posts Leaders are considering a hike of roughly $300 billion to the nation's $12.1 trillion deficit, though the final figure has not been nailed down, congressional aides said on condition of anonymity. Democratic leaders had previously hoped to raise the limit by at least $1.8 trillion, enough to take care of the government's debt needs through the November 2010 congressional elections. What was your first hint the former $1.8 trillion increase attempt was a bad idea? Perhaps this? Or was it China buying a literal zero of Treasury debt in October? Or was it the TIC report this morning (which I'm... The Market Ticker http://www.freerepublic.com/focus/f-news/2408195/posts#comment Tue, 15 Dec 2009 21:19:08 GMT http://www.freerepublic.com/focus/f-news/2407981/posts I get more emails and questions about Gold than any other investment class on the planet. With that in mind, I wanted to take a few minutes today to map out my thoughts on this subject. For starters, we need to consider that there are, in fact, two types of Gold: actual physical bullion OR paper Gold (Gold as represented by an ETF or futures contract) While both of these investments are called “Gold” in common conversation, the fact of the matter is that they are very different in several striking ways. I’ve mapped out a few of the differences... Gains, Pains and Capital http://www.freerepublic.com/focus/f-news/2407981/posts#comment Tue, 15 Dec 2009 16:19:44 GMT http://www.freerepublic.com/focus/f-news/2404587/posts <p>McDonald's Corp. will start offering breakfast for a buck with the launch of a national dollar menu in January.</p> <p>The breakfast dollar menu will be backed with advertising across the U.S., and will feature five items: two sausage sandwiches, a sausage burrito, a 12-ounce coffee and a hash brown. The menu may feature some variations based on markets.</p> Wall Street Journal http://www.freerepublic.com/focus/f-news/2404587/posts#comment Thu, 10 Dec 2009 15:19:09 GMT http://www.freerepublic.com/focus/f-bloggers/2407507/posts As one Change to Win labor union blocks a Red Cross blood delivery today, what will a health care system taken hostage by labor unions look like tomorrow? As Change to Win’s Anna Burger is leading her coalition of unions to lobby all around the country “until every man, woman and child has quality, affordable care they can count on,” one of her unions is busy blocking the delivery of a Red Cross blood donation to a hospital and picketing private companies’ blood drives. The Red Cross, which has union workers in various locations who are covered both by the... Big Government http://www.freerepublic.com/focus/f-bloggers/2407507/posts#comment Mon, 14 Dec 2009 23:48:28 GMT http://www.freerepublic.com/focus/f-bloggers/2406581/posts The Republican Party, the Party of Reagan has been nearly smothered and suffocated by the RINO-virus which has spread more rapidly than any swine flu pandemic, the GOP has been infected from the top down, and IF it is to avoid the fate of the Bull Moose Party, the principles of Reagan conservatism must be re-established, the fair weather collaborators and Quislings (that means YOU Juan McCain and your butt buddy Lindsey 'Goober' Graham!) MUST be driven out and banished and if they join up with the traitorous 'Rats, so be it. Force them to show their true colors. The... Self http://www.freerepublic.com/focus/f-bloggers/2406581/posts#comment Sun, 13 Dec 2009 15:07:08 GMT