Dollar Collapse Soon (tax, workers, invest, inflation)

[richrf]

Repeal of the folks standard was the first step. The final step was repeal of Glass-Steagall which gave Banks and their cronies an unlimited amount of money to gamble with. It was the crowning accomplishment of crony capitalism and Oligarchical government - and it took a Democratic President named Clinton to push it through.

[Brikson]

So, what's everyones forecast for usd now, when Fed's rate hike is so close, and yet no-one is 100% sure it will happen in December? Will it rise or fall? I think there is a chance there will be no rate hike and the dollar may fall off, I trade with Forex Trading | Trade Forex with Alpari and closed all my EUR/USD deals for now — too much of uncertainty!
I'm considering to buy euros to hedge risks.

[Hoonose]

IMO the Fed will soon raise the overnight rate the bare minimum, 0.025%, and the USD will get stronger.

[Lowexpectations]

Originally Posted by Hoonose

IMO the Fed will soon raise the overnight rate the bare minimum, 0.025%, and the USD will get stronger.

I bet they raise rates 0.25%

[Hoonose]

Originally Posted by Lowexpectations

I bet they raise rates 0.25%

I meant that!

(LOL)

[MTAtech]

Originally Posted by Hoonose

IMO the Fed will soon raise the overnight rate the bare minimum, 0.025%, and the USD will get stronger.

That may be good for U.S. tourists but bad for exports.

[Hoonose]

Originally Posted by MTAtech

That may be good for U.S. tourists but bad for exports.

Exactly!

[lieqiang]

Originally Posted by Fran66

I was listening to an interview with Peter Schiff (who predicted the 2008 crash -- about 4-5 years before it happened -- and he hit it right on the head -- no, he had the year right but he was one month off) and other economists who say the same thing: that the dollar isn't going to collapse a little but that it's going to collapse A LOT.

And three years later you now know why you shouldn't listen to Peter Schiff.

[Pub-911]

We knew it three years ago as well. Schiff is a kook who is interested in selling pointless advice to people. The more dramatic it is, the more subscribers he gets.

[ticking]

Originally Posted by lieqiang

And three years later you now know why you shouldn't listen to Peter Schiff.

I've been listening to Schiff since around 2004-5. I was lucky enough to panic at the right time in late 2005 when I sold my property at the very top of the market in the area, thanks in part to him.

For the last 4-5 years I realized that it was just luck. Schiff says the same things over and over, and is wrong way more often than he is right. He has a 34 minute recording just today. I will listen because his melodic voice and predictability will do what it always does for me, which is PUT ME TO SLEEP. He could make his stake and fortune in the creation of background noise when it is bedtime.