Dollar Loses More Ground [Don't look now, but.....Dollar Death Accelerating]

The Wall Street Journal ^ | 04/28/2011 | STEPHEN L. BERNARD

[Rich21IE]

Dollar Loses More Ground. NEW YORK—The dollar dropped after economic indicators pointed to a dismal employment picture and slowing economic growth. The dollar has been hammered recently, losing out on interest-rate differentials and regularly hitting multiyear lows against other major currencies. Losses were especially bad Wednesday after Federal Reserve Chairman Ben Bernanke indicated the central bank is far from tightening monetary policy as economic growth remains slow and unemployment remains high.

[Rich21IE]

At some point, we may find ourselves witnessing a panic sell-off of the dollar. At that point I have to wonder, what relevance does politics anymore have to this debacle.

[dalebert]

will someone please tell congress..I think the president knows and approves.we are looking more like Mexico everyday.

[mountainlion]

This may be what the phony birth certificate was supposed to cover up.

[BenLurkin]

[VanDeKoik]

I’m almost wondering if I should trade in my dollars for Confederate money at this rate.

[TSgt]

Gas jumped today well over $4.00 a gallon here in the Midwest.

I don’t think this is going to end well...

[kittymyrib]

This morning on CNBC’s Worldwide Exchange, the head of the Gold and Silver Exchange was on and made a very vivid point. He held up a 1935 dime with its 90% silver content and said that in the Depression, that dime would buy one gallon of gasoline. That same amount of silver, at $48/oz. today, would also buy one gallon of gasoline.

Commodities tend to keep their value relative to each other. It’s only our paper currency that has become practically worthless. We have the wizards at the Federal Reserve to thank for that.

[qam1]

Surrre

The stock market is up and above 12,500 and the job losses are just an "unexpected" blip is this great wondrous recovery brought about by our Dear leader.

And any day now my unicorn will arrive

[qam1]

Surrre

The stock market is up and above 12,500 and the job losses are just an "unexpected" blip is this great wondrous recovery brought about by our Dear leader.

And any day now my unicorn will arrive

[Crazieman]

Does it crap rainbows and skittles?

[TSgt]

[Sidebar Moderator]

To prevent duplication, please do not alter the published title. Thanks.

[DCBryan1]

Whew....I was going to sell my silver today.....maybe I’ll keep a hold of it. I have ALOT of 90% commemorative coins, and a few rolls of Engelhard 1oz bars and coins that I bought at @$5.00/ea in the 80s.

[AU72]

The dollar decline has as much if not more to do with the rise of retail gas/oil then does the wholesale cost rise of crude.

[Godebert]

"I’m almost wondering if I should trade in my dollars for Confederate money at this rate."

I would think about converting it to at least 90% Silver U.S. coins. Anything minted after 1964 is garbage. Any paper money will soon be useless IMHO.

[dead]

Valet tip:

[R_Kangel]

"Dollar Loses More Ground [Don't look now, but.....Dollar Death Accelerating]"

Hey who cares about any of this?......The only real important issues right now are the Royal Wedding and Birth Certificates.....

[ponygirl]

There’s an African in the White House; why shouldn’t we have an African economy? Hope & Change, folks! Repeat it until you believe it.

[Titus Quinctius Cincinnatus]

Time to start converting our dollars over to more stable currencies like ammunition, canned food, bottled water, and generators!

[SnuffaBolshevik]

Time to split some more firewood.