maverick4

Not anything new on this forum, except that it's now for real, not just educated guesses. Central banks around the world aren't parking their savings into US assets anymore. RIP dollar as reserve currency.

The good news is, we likely won't be able to maintain our 950+ military bases and multiple military campaigns around the world anymore...


Dollar loses reserve status to yen & euro

Obama Dollar Retreats Most Against Commodities in Wealth Shift - Bloomberg.com

The Great Debate Debate Archive Dollar faces long journey downward | The Great Debate |

Holy Diver

AMERO! here we come!


Will the NWO get their wish here?


I'm hoping the answer is no, but the way things are going.....to quote my man Vince Neil...it looks like the 'same ol ball and chaaaaaaaaaain'

http://api.ning.com/files/TtpWyvuRP1...Xqp8wy/Bio.jpg

Wolfpack

I think it may be a bit premature to bury the U.S. dollar. It is obviously very weak right now and people are running away from it, but these things are cyclical. The dollar will bounce back and be the "popular" currency again.

ljuneau

I have my doubts, not with the US currency printing presses running overtime. There are way too many dollars floating around now. Subsequently, our dollars are becoming less and less valuable. The only way out I see is for the Feds to jack up interest rates to above Carter-year levels (say Round 2 to housing bubble?) I don't see any country ever trusting in the dollar during our lifetimes.

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“If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves.” ~ Thomas Sowell

maverick4

It's not just because we are over-printing dollars like monopoly money.

It's also because the rest of the world doesn't want dollars anymore, the demand has dropped off a cliff.

The Fed has been pretty clever in disguising and hiding this information as much as it could, going back to the mid-2000's when it stopped publishing M3 data.

Nixon managed to set up a nice little scam for us in the 70's when he got the Arabs to agree to sell oil in dollars, creating artificial world demand for our currency.

It looks like the charade is about the end. Most banks bought dollars over the past 12 months to protect assets, but there is no longer a need to buy dollars anymore. It's a bad investment, pure and simple.

patsfan13

Everyone the US debt will be monetized by the government and that we will see extreme inflation, no one wants to buy into that.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

ljuneau

Come on, Mav. Why don't you think they want our dollars? It's because we are debasing our currency via creating magic dollars out of thin air. I pointed out the problem, you just pointed out the affect.

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“If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves.” ~ Thomas Sowell

PatriotsReign

Keep in mind that all the bailouts and Tarp didn't "add to the money supply" since all it did was pay down debt. If the banks recieved $800MM to pay down debt (mortgages), then the money supply remains exactly the same....no changes. If you owed $100,000 in debt and I gave you the money to pay them off, you still have zero assets. The American Recovery and Reinvestment Act of 2009 has and will add to the money supply.

I just wanted to point out that not all gov't bailouts result in the devaluation of the dollar.

In hindsight, we may have been better off NOT bailing out so many....some things are better off done the old fashioned way.

maverick4

Please link where you ever pointed out anything.

I've been here for several years now, I hardly recall your username in any of these discussions.

Run DMC

Like people trust the Euro or yen when push comes to shove? All central bankers are printing like crazy right now. I think the dollar trade is a pure momentum trade just like gold. People need to chillax. If we go under, the whole world is going with us. Paper money is and always was a con game. Best to have diversified assets.

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