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Why world confidence in the U.S. dollar is evaporating...
PLUS, how the Fat Cats in Washington are lying through their teeth about the Federal Deficit...
Ignore these sober warnings and you may as well take your savings... your retirement—and your very financial security—and KISS THEM GOODBYE.
It's no secret that our government is bleeding the single greatest gushing of red ink in history.
And no institution on earth—not the White House, not Congress... and certainly not the abomination we so politely refer to as the 'Federal Reserve'—has the faintest hope of slowing it—let alone STOPPING it.
Despite what the Fat Cats and Bureaucrats try to tell you, the undeniable truth is that Washington has completely LOST CONTROL of the federal budget.
And far worse than that, they're oblivious to what this means for you and me—namely, that a nightmarish wave of hyperinflation is set to demolish everything we've EVER worked for.
Now what? If Spain still had its own currency, like the United States — or like Britain, which shares some of the same characteristics — it could have let that currency fall, making its industry competitive again. But with Spain on the euro, that option isn’t available. Instead, Spain must achieve “internal devaluation”: it must cut wages and prices until its costs are back in line with its neighbors.
And internal devaluation is an ugly affair. For one thing, it’s slow: it normally take years of high unemployment to push wages down. Beyond that, falling wages mean falling incomes, while debt stays the same. So internal devaluation worsens the private sector’s debt problems.
If that doesn't make you sit up and pay attention, what does.
Why world confidence in the U.S. dollar is evaporating...
PLUS, how the Fat Cats in Washington are lying through their teeth about the Federal Deficit...
Ignore these sober warnings and you may as well take your savings... your retirement—and your very financial security—and KISS THEM GOODBYE.
It's no secret that our government is bleeding the single greatest gushing of red ink in history.
And no institution on earth—not the White House, not Congress... and certainly not the abomination we so politely refer to as the 'Federal Reserve'—has the faintest hope of slowing it—let alone STOPPING it.
Despite what the Fat Cats and Bureaucrats try to tell you, the undeniable truth is that Washington has completely LOST CONTROL of the federal budget.
And far worse than that, they're oblivious to what this means for you and me—namely, that a nightmarish wave of hyperinflation is set to demolish everything we've EVER worked for.
Whatcha gonna do?
*LMAO* At you post.
You keep talking about the decline of the dollar and it keeps appreciating against the Euro, the Pound, the Aussie Dollar and just about every other major currency in the world. In fact the U.S Dollar has appreciated by about 20% versus the Euro when compared to its low in October 2008.
The U.S. Dollar does NOT exist in a vacuum. The biggest thing driving U.S. dollar trades right now is sovereign debt issues in Ireland, Spain and Portugal. It would be different is every other major economy was in tip top shape and the United States economy was by itself in trouble. But United States Dollars are exchanged IN THE MOST OPEN MARKETS IN THE WORLD with other currencies. Each of these other currencies has their own issues with relation to their respective economies.
You keep writing about the demise of the U.S. Dollar and I'm keep making money off of Dollar trades.
You keep talking about the decline of the dollar and it keeps appreciating against the Euro, the Pound, the Aussie Dollar and just about every other major currency in the world. In fact the U.S Dollar has appreciated by about 20% versus the Euro when compared to its low in October 2008.
The U.S. Dollar does NOT exist in a vacuum. The biggest thing driving U.S. dollar trades right now is sovereign debt issues in Ireland, Spain and Portugal. It would be different is every other major economy was in tip top shape and the United States economy was by itself in trouble. But United States Dollars are exchanged IN THE MOST OPEN MARKETS IN THE WORLD with other currencies. Each of these other currencies has their own issues with relation to their respective economies.
You keep writing about the demise of the U.S. Dollar and I'm keep making money off of Dollar trades.
The problem here is not our paper money vs other paper money. They all are inflating their paper money. Central bankers and big governments are the big winner while everyone bare the cost. If you look at paper money vs hard asset, then it is going down for all of them. When the cost of commodities increase, everything become more expensive. The dollar can appreciate all they want against other currencies, but it still does not change the fact the it buy less and less. When today's dollar buy less tomorrow, we have inflation.
When I moved to Jersey 6 months ago, milk at BJs was $2.44, now I think it's $2.64 or 2.84. That's a 10 to 20% increase a month in just 6 months.
You keep talking about the decline of the dollar and it keeps appreciating against the Euro, the Pound, the Aussie Dollar and just about every other major currency in the world. In fact the U.S Dollar has appreciated by about 20% versus the Euro when compared to its low in October 2008.
The U.S. Dollar does NOT exist in a vacuum. The biggest thing driving U.S. dollar trades right now is sovereign debt issues in Ireland, Spain and Portugal. It would be different is every other major economy was in tip top shape and the United States economy was by itself in trouble. But United States Dollars are exchanged IN THE MOST OPEN MARKETS IN THE WORLD with other currencies. Each of these other currencies has their own issues with relation to their respective economies.
You keep writing about the demise of the U.S. Dollar and I'm keep making money off of Dollar trades.
Explain to me why commercial and residential real estate prices remain low. I mean if there were hyper inflation wouldn't they be booming as intrinsic value assets? Also why is Gasoline cheaper now then it was 2 years ago?
China wouldn't dare sell off the dollar because it would make their products more expensive in the U.S. Not good marketing to drastically raise your prices to your best customer! Oh, also: http://www.unc.edu/depts/jomc/academics/dri/idog.html
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