This page has been archived and commenting is disabled.

Relentless Dollar Pummeling Continues

Tyler Durden's picture




 

At the current rate of collapse, in a few more days the dollar will take out all time lows. Currently holding at 73, after hitting 72.8 overnight, the DXY appears set to test the last support from when the dollar carry trade was all the rage again back in 2008. Of course, for that to happen crude will have to be north of $130, which not even the most incompetent CNBC pundits will be able to spin as positive for corporations (let along the US consumer). It will also mean that any opex inspired corrections in precious metals will not be a frequently recurring phenomenon. But at least Bernanke's plan of inflation our way out of insolvency through a complete currency devaluation is working: after all for all who listened to the Bernanke conference, the only way to rescue the flailing dollar, is first to kill it...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 04/28/2011 - 05:17 | 1215045 Goldenballs
Goldenballs's picture

Sooner or later a new reserve currency made of a basket of currencies will appear but the weakness will still remain all it will do is buy more time once again.

Thu, 04/28/2011 - 05:30 | 1215050 Silver Alert
Silver Alert's picture

Don't put all of your golden eggs (see, Fables, Aesop's) in one basket (origin, unknown) because you might kill the goose.

 

mixed metaphor

Thu, 04/28/2011 - 05:48 | 1215064 writingsonthewall
writingsonthewall's picture

I say - "A bird in the hand - catches the early worm"

 

mixing metaphors is vastly underrated.

Thu, 04/28/2011 - 07:57 | 1215198 Cash_is_Trash
Cash_is_Trash's picture

Bernank is The Gimp in Pulp Fiction; ass-pounding the dollar to worthlessness.

In other news, the public remains comatose.

Thu, 04/28/2011 - 08:51 | 1215358 Pool Shark
Pool Shark's picture

 

We'll burn that bridge when we come to it...

 

metaphor mix-master

Thu, 04/28/2011 - 11:25 | 1216052 AchtungAffen
AchtungAffen's picture

I say, better bird in hand than father at 15.

Thu, 04/28/2011 - 09:47 | 1215589 Chuck Walla
Chuck Walla's picture

A gland in the hand 

is worth a squirt in the dirt

Thu, 04/28/2011 - 05:18 | 1215047 FOC 1183
FOC 1183's picture

Where's Lazlo and his ruler?

Thu, 04/28/2011 - 05:39 | 1215061 equity_momo
equity_momo's picture

He is deep throating it in an attempt to make his voice break. Poor guy , hes been going through puberty for about 50 years.

Thu, 04/28/2011 - 05:21 | 1215049 falak pema
falak pema's picture

Until we have a big asset cum debt correction all four fiats are going to be a problem. $,yen,euro and £...but in what order will they burn? The $ is showing the way!

The current asset spike compensating easy money and USD deval must correct. 

China will be the big winner. Even though we don't know its true current down side. The tiger is very much in its tank for the next decade!

Thu, 04/28/2011 - 05:30 | 1215055 Hephasteus
Hephasteus's picture

First hit into 72. Probably won't stick till friday.

Bad dollar bad dollar what ya gonna do.

What ya gonna do when 72 comes for you.

Thu, 04/28/2011 - 05:46 | 1215066 ZeroPower
ZeroPower's picture

The quicker we get there, the quicker it should bounce.

obamao must have some trick up his sleeve for re-election, and the masses will be stupid enough to fall for it.

Thu, 04/28/2011 - 06:02 | 1215073 Hephasteus
Hephasteus's picture

I already told you the trick. USA becomes the new germany gassing it's people. China becomes the new US saving everybody.

You canadians just have to come in and take films and say we were all jews.

Jews all move to ghost towns in china.

You think china is building massive cities and ghost towns for no reason? Just to quickly build stuff and have it boost GDP? Bullshit.

Thu, 04/28/2011 - 06:56 | 1215127 magis00
magis00's picture

and I have trouble imagining using my Mossberg against the motorcycle gangs ... tough to sleep, much?

Thu, 04/28/2011 - 07:21 | 1215156 Hephasteus
Hephasteus's picture

Do you know how the snake biting it's tail works? The head (rich) reaches around swallows up the tail (poor). The center (heart) of the snake is responsible for sympathy and keeping the entire snake alive and beating.

The river (emotional waters) of the snake is what keeps it alive and also what allows it take advantage of the poor.

If they go with their plan the heart of the snake will shut off. You'll be able to take a sharp shovel and dig the guts out of a guy and fling it over your shoulder. You won't feel a thing unless you relentless ask for it. If you let guilt get in your way they'll surround you and steal it and give it to other people. Just like they steal money and fame and credit and respect and everything else. The sodiers who die and pretend to get punished will do it just for a few cheap thrill rapes and stuff and little taste of a dreamworld where they can do just what they want to do without any opposition. All they think about is crushing night and day and asserting their rights night and day. And when I say they I don't mean just a small percentage of jews. I mean they composing a small percentage of every race and culture. They simply means the 15 percent that aren't completely mind wiped when they come here like everybody else. Who aren't drenched in controlling passifying emotions. Who spend a great deal of time and energy pretending to be subjected to the same rules.

Look at the trolls like Dangertime. They come here flat out bold face lie to people, attempt to manipulate and use them and then when they get a fight for it they attack anything and everything looking for any weak spot.

And just keep playing the game. Take over everything violently. Keep calling us children who can't take care of ourselves because we won't violently take everything like the real "grownups".

Thu, 04/28/2011 - 07:32 | 1215167 magis00
magis00's picture

Letting your thought experiment sink in ....

 

 

I suppose it's easier to imagine the young, restless, anarchical types  (or the deadbeat f*¢king burned out druggies) storming my one house, right, than it is to envision that same zombie "thrill rape" mindset writ large, ie USSA goes Third Reich and China (?!) comes and saves the day.  But I don't see any reason why the micro doesn't support the macro, either ....

Thu, 04/28/2011 - 07:37 | 1215172 pan-the-ist
pan-the-ist's picture

At first I thought you were chemically enhanced when you wrote this.  Then I wasn't so sure, but in conclusion, I'll say that you've hit something here, but that you've tried to compress it too much for those of us who don't quite follow to grasp completely.

Thu, 04/28/2011 - 07:59 | 1215199 Hephasteus
Hephasteus's picture

That's because I don't talk like normal people. I don't like language and don't like explaining things. I like working with what are callled rotes or thoughtballs. They are huge interconnected streams of thoughts in a networked connected fashion. If you try to adopt it to a stupid human brain it'll give you an epilleptic seizure as you flatten out the 3 dimensions of it and start listing a huge amount of dependencies like they need to know this and this and this and this and this for this to make sense.

So when I'm fuzzed out. It's like a neptunian dissolve acid bath that makes you feel falling down drunk and your nervous system isn't working right at all. I just dump it out and let people connect it however they want to.

I'm used to being called crazy and I don't care. I know when I got something that will rattle around your skull like a bb in a box car. And this is one those things. It just keeps on rattling for the last 2 days sucking in more and more connections.

Thu, 04/28/2011 - 08:28 | 1215265 cartonero
cartonero's picture

Hmmm.  You do pattern recognition and don't like working with language?  Sounds like a  left brain / right brain thing.  Read this and see if any other patterns become visible.

http://www.bbc.co.uk/news/uk-12225163

Thu, 04/28/2011 - 09:24 | 1215489 Hephasteus
Hephasteus's picture

Me - Cares about learning ideas and language.

Language sucks. I like finding roots of words and stuff like that but not diagramming sentences and stuf that is meaningless.

LOL I don't have epilepsy but I know what it is so I know to use it as a descriptive.

Thu, 04/28/2011 - 08:49 | 1215333 pan-the-ist
pan-the-ist's picture

There is evidence that shows that people who possess a high level of intelligence operate by building loose connections and applying patterns from one set of phenomena to another set that to most people wouldn't seem related. 

These models are tested, some work and some don't.  (It is key that one recognize when it doesn't) It is a great way to build models of reality, and to large extent it works, until it doesn't...

It is also theorized that this is why schizophrenia is common among the higher functioning.

If you're ever kept up at night with these thoughts coalescing, mind racing, then you really need to find a sleep aid (at least temporarily).

Thu, 04/28/2011 - 09:23 | 1215484 Hephasteus
Hephasteus's picture

It's not like that. You may not have the information I have.

I know that electronics packages in aircraft, ships, everything are constantly being updated. I know that people get to trust the old packages and are very mistrustful of the new electronics packages in the equipment. I know that problems where recently found in electronics pacakges on several bombers and aircraft. I know that predator drones are suceptible to the captain midnight affect. Where you simply take a more powerful transmitter and over ride them. I know that plot discovery and uncovery has slowed down time tables. I know that there's deep divisions and mistrusts within the US military. But nobody can find the enemy because they are all being distracted with "justifying" and defending themselves and their morality. I think the story about the first ever predator drone friendly fire killing 2 soldiers was the first test of the captain midnight transmitters.

Just because a thought ball connects and makes sense given things I've run across doesn't mean it will make sense given someone elses experiences and understanding .

I've had 3rd eye experiences. They were interesting and everything that happened along the communications channel happened and it was all real. But it was also all staged. I'm a kind of logical that will just fuck up a good foolng device.

It's the same thing with the intel sales and iphone sales and stuff. I know it's bullshit. I know it's slowly infesting other people who know it's bullshit. I don't need mainstream media perp walking these guys to jail to know what is going on. If I'm wrong I'll apologize but I'm going to dig around nontheless.

Nobody leaves that much construction empty under a guise of stupidly misidentifying your markets ability to pay for it or some sort of building mania overhang.

Thu, 04/28/2011 - 08:50 | 1215338 Canucklehead
Canucklehead's picture

You are channelling your Oriental mind... looking to assimilate the hate and channel it outwards at foreigners.

You are thinking like the Boxers and many of today's Muslims.

It's means you don't know where to turn.  You don't see a way out.  You feel you think like everyone else and feel a need to express those feelings.

You are wrong.

Thu, 04/28/2011 - 09:22 | 1215486 LFMayor
LFMayor's picture

++ on the wrong
It also means you're probably going to get your squirrely ass killed.  Just like the boxers and all those ulullating savages have over the years. 

In the near future, they're won't be much of this PC drivel to keep the rain off.  It's going to be a bad day for freaks and their enablers.  Be sure and print off info from your state's child sexual predator lists folks.  As good a place to start as any.

 

Thu, 04/28/2011 - 07:01 | 1215131 Hdawg
Hdawg's picture

Interesting theory...

...After all is said and done build a new route to China if they'll have you,

Who will survive in America,

Who will survive in America,

Who will survive in America,

Who will survive in America.

 

- "Who Will Survive In America" Kanye West (or his big nosed handlers i mean)

 

Thu, 04/28/2011 - 07:26 | 1215159 Hephasteus
Hephasteus's picture

Yep. Good clue find.

Thu, 04/28/2011 - 07:52 | 1215193 Holodomor2012
Holodomor2012's picture

Where to even begin. 

1.  US didnt 'save' anyone in WW2.  They assaulted yet another peaceful nation for not cooperating with the international jewish plutocrats.  International Jews started the war:  http://www.biblestudysite.com/judeawar.htm

2.  No evidence of gas chambers what-so-ever.  We must move past letting Hollywood Jews write our history.

3.  No evidence of '6 million' dead figure.  In fact, Jews had been crying about 6 millions since ww1:  http://www.codoh.com/incon/incrucifix.html

It's Sad that all of our history, like our food, bears the mark of Kosher certification:  http://www.youtube.com/watch?v=6NiMEWHvG8Q.  But I think my work is done for now.

Thu, 04/28/2011 - 08:02 | 1215206 Hephasteus
Hephasteus's picture

None of that's important. What's important is how we can make germany feel more guilty so they can send money to people.

Bad germany. You're bad and terrible and disgusting. You should be ASHAMED.

Thu, 04/28/2011 - 08:32 | 1215269 Terminus C
Terminus C's picture

Holodomor is mislead by propagandists with an agenda.  He will counter with the same for me.  However, he needs to read "History on Trial" with an open mind.

As for your comment, you have it bang on.  I notice here in North America we don't spend much time paying for our own genocide (North American Indians) or imperial conquests.  Yet those derned Germans need to pay for what they did.

Thu, 04/28/2011 - 09:08 | 1215427 Holodomor2012
Holodomor2012's picture

You do know that Christian colonists sat on the beaches for two centuries before being subjected to the currency act.  This put their money under the Jewish bank of england.  This is the real cause of the revolution.  But we lost that revolution as shabbos goy Hamilton gave us our first central bank.  Usury drives exponential growth.  Usury drove white man across the country.  Jews are responsible for the indians, and for the african slave trade.

http://www.youtube.com/watch?v=kAFhYEiwldc

Thu, 04/28/2011 - 09:53 | 1215634 Hdawg
Hdawg's picture

Careful there Holodoor2012...too much truth for ZHers...once you start dealing with the true causes they'll shift this story to page 5 by publishing a tonne of ready to go articles....
...upps, too late.

Keep up the good work.

Thu, 04/28/2011 - 08:25 | 1215253 Magnix
Magnix's picture

This is the most ignorant message I've ever read! There are TONS of evidences out there and you missed them all! You're an idiot!

Thu, 04/28/2011 - 08:28 | 1215266 UGrev
UGrev's picture

You choose an odd name (or maybe ironic) for spouting off about the lack of evidence of genocidal activities. 

Thu, 04/28/2011 - 08:33 | 1215273 Terminus C
Terminus C's picture

+1

Thu, 04/28/2011 - 09:01 | 1215350 Holodomor2012
Holodomor2012's picture

You guys do realize it's +1 for every shabbos goy and jew junk, right?  Btw excellent work ignoring irrefutable evidence of a Jewish war declaration on Germany + Jewish false cries of 6 million decades earlier. 

Hasbara handout manual 101:

1. Any mention of genocide by an American - retort with Native American genocide.

2. Any evidence of Jewish lies - ignore.

3. In all other cases - ridicule, ridicule, ridicule.

Anyways, here is my absolute favorite peace of anti-semitic propaganda, I have to share it with the world:

http://www.state.gov/g/drl/rls/40258.htm

This demonstrates the need for global anti-semitism laws, JUST LOOK at all those cases of anti-semitism around the world since ~2002.  If I didnt know better I would say the entire world is anti-semitic.  I am sure you sociopathic Jews think the entire world needs to go on the couch and take some meds, rather than look in the mirror and see how criminal you are.

How many Jews knew about Madoffs scam?  Plenty.  Why didn't anyone turn him in?  They didn't want to be a moser or else they might be put in cherem.

Thu, 04/28/2011 - 09:57 | 1215644 Hdawg
Hdawg's picture

BRILLIANT LMFHO!!!!

BOOM, THAT JUST HAPPENED!!!!

Thu, 04/28/2011 - 09:57 | 1215649 Creed
Creed's picture

it makes me wonder what kind of asshats your parents were to raise a child as enwrapped in bullshit as you seem to be

 

wanna be nazis are kind of pathetic in my book, right up there with Obama voters & global warmers

 

 

by Holodomor2012
on Thu, 04/28/2011 - 09:01
#1215350

 

You guys do realize it's +1 for every shabbos goy and jew junk, right?  Btw excellent work ignoring irrefutable evidence of a Jewish war declaration on Germany + Jewish false cries of 6 million decades earlier. 

Hasbara handout manual 101:

1. Any mention of genocide by an American - retort with Native American genocide.

2. Any evidence of Jewish lies - ignore.

3. In all other cases - ridicule, ridicule, ridicule.

Anyways, here is my absolute favorite peace of anti-semitic propaganda, I have to share it with the world:

http://www.state.gov/g/drl/rls/40258.htm

This demonstrates the need for global anti-semitism laws, JUST LOOK at all those cases of anti-semitism around the world since ~2002.  If I didnt know better I would say the entire world is anti-semitic.  I am sure you sociopathic Jews think the entire world needs to go on the couch and take some meds, rather than look in the mirror and see how criminal you are.

How many Jews knew about Madoffs scam?  Plenty.  Why didn't anyone turn him in?  They didn't want to be a moser or else they might be put in cherem.

 

 

 

 

 

Thu, 04/28/2011 - 08:15 | 1215232 trav7777
trav7777's picture

yes, that is exactly why China is building ghost cities.

what, you bought into all this "Chinese play Go, Chinese think in centuries" bullshit?

Thu, 04/28/2011 - 09:52 | 1215619 Creed
Creed's picture

China becomes the new US saving everybody.

 

so a communist dictatorship is going to display the same altruism that America has over the last 70 years?

 

I don't think so.

Thu, 04/28/2011 - 11:06 | 1215933 Hephasteus
Hephasteus's picture

No that's not the scam. They finally got germany to cough up all the 11 billion in you did bad things to us. Now the US has to become the new blackmail target. Because we are going to gass a bunch of jews in denver international airport cause were like all anti-semitic and terrorists and besides we never paid back the 14 trillion we owed them. Only it won't be jews in the gas chamber it will people goyims taking one for the jews bank accounts.

I can't see anything else making sense. I don't hate jews and I don't hardly even know them. But it just seems to match the method of operation of the group. I'm not going to kill them but I'm damn sure going to go the gas chamber with my AR-15 blasting.

Thu, 04/28/2011 - 10:08 | 1215686 D1eeeeeNAHHHHH
D1eeeeeNAHHHHH's picture

I newver thought of it that way, thank you for sharing!

Thu, 04/28/2011 - 05:36 | 1215058 Cassandra Syndrome
Cassandra Syndrome's picture

Disappointing GDP figures today, may push it below 72 by the weekend. Plus disappointing GDP figures increases the likelihood of QE3, so that will be bullish for the Dow, which of course is inverse to the Dollar.

I would expect records set before the end of next week and once the psychological barrier of 70 goes, then shortmaniac frenzied herd Nash Equilibrium attack.

Thu, 04/28/2011 - 05:38 | 1215060 equity_momo
equity_momo's picture

I sense the shakedowns in PMs just arent working. If they did manage to knock gold down 10% and silver say 30% , all it would do is create more buyers. Biggest disappointment yesterday was that no one pinned Bernanke on the move in PMs. Very simple question : why is silver moonshooting and why is gold at all time highs Mr Chairman?    

Thu, 04/28/2011 - 05:57 | 1215071 Cassandra Syndrome
Cassandra Syndrome's picture

Problem with them questions is that they are logical.

Thu, 04/28/2011 - 07:38 | 1215173 They_Live
Thu, 04/28/2011 - 10:45 | 1215834 Temporalist
Temporalist's picture

Classic.

Thu, 04/28/2011 - 05:45 | 1215063 vincentmulleman
vincentmulleman's picture

History suggests that a currency is supplanted the same way Ernest Hemingway said a man goes broke: gradually, then suddenly!

Thu, 04/28/2011 - 06:45 | 1215113 SME MOFO
SME MOFO's picture

Business plan idea #17

get ready for the day the dollar cracks by 50%.  What and how can portable stuff be bought and exported quickly enough to double your money.  Boats?  cars?  forklifts? computers? machinery? get the containers ready and the suitcases of cash for the buying raids.  how much and how fast can you buy before people realize it.

the dollar isn't dying it was murdered

http://www.youtube.com/watch?v=-av7F1JBmj4

Thu, 04/28/2011 - 08:18 | 1215233 Henry Chinaski
Henry Chinaski's picture

Good used fuel-efficient economy cars.

Thu, 04/28/2011 - 05:46 | 1215065 There ya go again.
There ya go again.'s picture

Don't worry , this is just the unwind of the flight to quality trade. Besides , Tim reassured us he's for a strong dollar.  

Thu, 04/28/2011 - 05:51 | 1215068 writingsonthewall
writingsonthewall's picture

The demise of the Dollar is like watching a die hard car crash, in super slow-mo, through a fishtank....whilst off your face on meth.

 

Slow, slow, die slowly....when will someone put the thing out of it's misery?

 

The Chinese should pull the plug - it's the humane thing to do.

Thu, 04/28/2011 - 06:06 | 1215075 dognamedabu
dognamedabu's picture

I sit here shaking my head in amazement. I'll tell the inlaws or a friend what I see going on anand they just look at me as if I just did drugs (well I did, but thats beside the point). The most common answer I get is, OK you may be right but what can I do about it? To me, it'd be like a thief coming into your home, me saying hey buddy there is a thief in your home and then you saying "well what can I do about it?" How about kick their fucking ass? How about quit bitching about your taxes and instead understand why you pay taxes? How about you wake the fuck up? I'd send them to zerohedge but unless you have top 40 tunes, I think they may not be interested. Sorry. Just pissed the 95% of society seems to be The View type citizen and I am reaching a breaking point on trying to get these fucks to understand what is happening under their noses. /rant off

Thu, 04/28/2011 - 06:13 | 1215088 writingsonthewall
writingsonthewall's picture

dognamedabu,

I know it's frustrating - but after the crash these people will be known as 'victims'. The rest of us will be 'insurgents'.

Every ounce of preparation taken today will be worth a tonne in the future.

My current favourite pop question and answer on the street is

Q. "What do you think about the economic crisis, the rise of the PM's and the fall of the FIAT currencies, the printing of money to rob everyone via inflation or the imposing of austerity in order to protect the banks"

A. "Well i try not to think about it"

 

That says it all for me - they are clinging onto the desperate hope that ignoring the problem will make it go away.

....as we know, this has never worked in the past.

Just look forward to the day when you and I can stand on a hill and scream "I told you so" to all the starving fools being rounded up for extermination.

 

It may be Schadenfreund - but it's been deserved.

Thu, 04/28/2011 - 06:21 | 1215093 dognamedabu
dognamedabu's picture

I agree. They can suck my big hairy silver balls. Fuck 'em. You want to play stupid? Go ahead, me and my kids will have the best out of the crap you sheep are allowing to happen. I seriously have people around me who think that b/c they listen to the nighlty news, they have it all down pat. Fuck you, you ignorant fools.  

Thu, 04/28/2011 - 07:50 | 1215185 obelisks
obelisks's picture

i agree with all you guys ....and I am not

even American but even i am as mad as hell. but i am

sufficiently public spirited  to look at Americans and share the

anxiety. No different to how i would feel seeing a thief

trying to rob an old grandmother. And when i see Ben fucking

Shalom bernanke and Tim Geithner on tv - i really want to

punch them in the face. Why do Americans accept this bullshit

like it is all inevitable ???? Are you going to just wait for

Bernanke to say in the future " I was wrong " like Alan

Greenspan eventually did ? This is theft !!!

Thu, 04/28/2011 - 10:06 | 1215691 Creed
Creed's picture

yeah there's a lot of people with head in sand

 

but there's also a ton of folks who simply don't have time to hang out on blogs like ZH bemoaning the state of modern civilization;

 because they are doing productive things with their lives

 

the ramp in precious metals purchasing & emergency food & gear purchasing over the last 3 years should tell you there are a lot of people waking & preparing

Thu, 04/28/2011 - 06:24 | 1215099 slewie the pi-rat
slewie the pi-rat's picture

keep self-medicating, abu, and if you move out, leave the spouse behind for 'em.

you can always go back for the angelissimo/a if ya run outa drugs,...

...or for any other inconvenient truth.

stop watching TV or you will snap like a voodoo doll.  drugs, TV & in-laws----i'm glad i got a chance to intervene, here...  you must stand alone for liberty and country.  go on a diet of pickeled eggs, refried beans and clamato w/ vodka to practice clearing out any room w/ yer Presence.  be yer own Bermuda Triangle.  fuk em all!

Thu, 04/28/2011 - 07:56 | 1215197 1100-TACTICAL-12
1100-TACTICAL-12's picture

That was a coffee spiter, pickled eggs & refried beans holy shit...

Thu, 04/28/2011 - 09:26 | 1215501 LFMayor
LFMayor's picture

"be your own Bermuda Triangle".

ROFL... that's pure art slewie!

Thu, 04/28/2011 - 08:20 | 1215239 Henry Chinaski
Henry Chinaski's picture

5% of people think.  10% of people think they think.  And, 85% of people would rather die than think.

Thomas Edison

Thu, 04/28/2011 - 06:05 | 1215080 orca
orca's picture

USD, EUR, JPY are all sinking stinking currencies. However, I just entered EUR/USD at 1,4829 (.6744) for the heck of it. Either a quick retrace to 1,44 or I'll continue buying for an average of 1,55 (.645). Diversification in a shit surrounding is still diversification. Howver, substantial % of cash in relatively small non USD/EUR/JPY currencies.
Loaded to the gills with fysical gold (partially hedged by a ponzifiat instrument), some short ES exposure, long the long end of the curve (hi Bill!) and in a week long real estate after 5 year renting. Tangible you know, everything else sucks apeballs, and even tangible won't protect you but at least it's lose instead of lose more.
Fuck 'm all.

Thu, 04/28/2011 - 06:46 | 1215119 topcallingtroll
topcallingtroll's picture

Interesting diversification play. Same as me essentially without the pm's and a little extra cash and oil. I aso got a permanent hard on for brazil, at least until the olympics are over.

Thu, 04/28/2011 - 08:27 | 1215257 Henry Chinaski
Henry Chinaski's picture

I don't think this is the Big One for the dollar yet.  The euro will crash first.

Thu, 04/28/2011 - 06:10 | 1215082 slewie the pi-rat
slewie the pi-rat's picture

0 i wish i wuzn't in the land of cotton money

hi timez there R soon verboten, honey

goin south, goin south, goin south

DXY (may never) land...

0 i'm glad im not in DXY

hooray, ole'

till japan gets well, it'll go to hell

for the yen we'll fry ol' DXY

get away, get away, get tf awaaaaayyyyyyYay

from DXY!!!!

Thu, 04/28/2011 - 07:40 | 1215175 jplotinus
jplotinus's picture

:-)

 

ZH has tunes after all!

Thu, 04/28/2011 - 06:18 | 1215091 scatterbrains
scatterbrains's picture

I wonder sometimes if one of these countries being harmed by this dollar printing (China) might decide to lay a   missile in the belly of one of our best carriers (especially if they can do it in a way that can not be traced back to them) making a statement that if the dollar must collapse then lets not pretend the U.S. is the reserve currency of the world anymore. Nothing like pointing out a countries weakness like destroying what was thought to be invincible.

Thu, 04/28/2011 - 06:24 | 1215095 orca
orca's picture

Oh, but fight back they do
04-28 06:08: China's Central Bank Governor says to make monetary policy more flexible
They will suck the living daylights out of the commodity complex with this action

Thu, 04/28/2011 - 07:06 | 1215134 magis00
magis00's picture

Please explain in two or three sentences?  Because yuan will supplant gold as the safe haven? In Asia only?  Interesting thought - but not sure I grasp in entirety.  Danke!

Thu, 04/28/2011 - 07:34 | 1215165 SoNH80
SoNH80's picture

Pretzel logic, orca.

Thu, 04/28/2011 - 15:00 | 1217145 orca
orca's picture

Maybe, maybe not.
This just out: 04-28 14:32: Senator Schumer says "more convinced than ever" legislation needed to force China to raise value of CNY
The Chinese will not go quietly, with their $3TR. They have learnt from the Japanese. They are fighting back in the commodities. Thing is USA ultimately controls their own corrency. When (not if) the USA wins this battle with China the Chinese will go for thermo-monetary warfare, with their own currency, which has (for now) more credibility than the USD. They will unleash CNY, which has to be available in massive amounts. Damn the torpedoes, we'll worry about the consequences later (just as the USA is telling the world). This is war and the USA started it. The Chinese are not blameless either, but this whole nightmare started in the USA.

Thu, 04/28/2011 - 06:38 | 1215109 topcallingtroll
topcallingtroll's picture

China is being harmed by intentionally suppressing the value of the yuan in order to gain a mercantilist style advantage. They are harming themselves.

Clearly silly season is upon us. I will have to remember to avoid looking at the comment section of " dollar crashing" articles because of all the stuff like this that is going to appear.

Thu, 04/28/2011 - 08:02 | 1215212 scatterbrains
scatterbrains's picture

My bad, so should I assume that China out of a sense of guilt will do nothing about their devious mercantilist designs being crushed by the U.S.?  Pleasant folks they are.. extremely docile.. safe to pet too.. go ahead, it's safe.

Thu, 04/28/2011 - 07:25 | 1215160 SoNH80
SoNH80's picture

When the Chinese finally drop their mask of studied disinterestedness, the whole world will tremble.  I've been waiting since June 4, 1989.  The build-up of Red China has been a project many years in the making, Kissinger, Baker, Rumsfeld, et. al.  Big schnoz Krugman will be the first to suck their small egg rolls.  "I, for one, welcome our new brutal Chi Com overlords..."

Thu, 04/28/2011 - 07:17 | 1215142 Dr. Impossible
Dr. Impossible's picture

...an offer..

Dear President Oblivious,

 I wish to extend an offer to cover any and all U.S. debts out of my own pocket. As per the interview between Ron Paul, and Ben Bernak, regarding the assumed value of the current tender agreements. It has been brought to my attention that i may project this rare opportunity to you and the people of the U.S. I wish to open a contract to which i take full responsibility for all debt, public and private ($140 trillion+).

Contract Terms: i am willing to pick up and dispose of two(2) cigarette butts off the side of the road. With compensation of nine hundred trillion dollars($400,000,000,000,000) to be rendered prior to action.($900 trillion is the nessessary amount to insure coverage my local taxation policies to cover the $140TRIL+)..in addition i'm almost out of toilet paper.

   In the testimony Ben gave before Ron a short time back, it was made clear by Ben, that the value of the "$" was the basket of goods it could purchase. At this point i offer the permanent removal of 2 cigarette butts from public view. An offer that may not be repeated. As this is a tremendous offer to you, and a limited offer, as the value of the $, and tax rates change so rapidly in the surrounding marketplaces.You have 1hr to respond before this offer expires, as the $ value cannot be assured for a longer time frame.

Thu, 04/28/2011 - 07:21 | 1215155 Dr. Impossible
Dr. Impossible's picture

...damn..now i have union squatters parked in front my house...not even 5mins

Thu, 04/28/2011 - 07:22 | 1215157 THE DORK OF CORK
THE DORK OF CORK's picture

The dollar was dead a long long.... long time ago.

Ben is just trying to give it a decent burial.

But no matter what it stinks to high heaven.

 

Thu, 04/28/2011 - 07:31 | 1215166 Pumpanddump
Pumpanddump's picture

Ship of Fools

Thu, 04/28/2011 - 07:33 | 1215168 uno
uno's picture

don't rule out the CNBS clowns, they are competing against each other for suck up du jour.  They know no limits on groveling to management.

Thu, 04/28/2011 - 08:10 | 1215222 cossack55
cossack55's picture

How does one objectively compare one incompetent boob to another incompetent boob on CNBS? Should one use Santelli as the baseline?  Is it just a question of the size of boobs on CNBS.  Thats why I mute it as soon as I turn it on. Boobs don't talk.

Thu, 04/28/2011 - 07:34 | 1215170 sunnydays
sunnydays's picture

So how many more agreements will be made between other countries to use their own currencies?  I would bet in a short amount of time all kinds of agreements will have been made to use the Yuan and individual currencies for trade.

 

The last will be when oil trade switches, then all hell will break loose and the dollar would go down below Zimbabwe values.

Thu, 04/28/2011 - 07:46 | 1215182 CosmoJoe
CosmoJoe's picture

Caught this on CNBC; my fault I know, I shouldn't have even bothered reading it but .. Lord help us:

http://www.cnbc.com/id/42794512

“It must be remembered that the US is a domestically-biased economy. The big costs like healthcare are not exposed to a weak dollar. What Geithner is trying to do is stop domestic inflation that will be felt by the average American,” he added.

Where do you even start.  "that _will_ be felt"?  Do any of these nimrods shop at a grocery store or pump their own gas?

Thu, 04/28/2011 - 08:04 | 1215217 SoNH80
SoNH80's picture

Manhattan, NYC is an interesting place.  There, they have "personal chefs" doing the food shopping, and ride around in "black cars" driven by chauffeurs.  One day, though, there will be a million hungry New Englanders and Long Islanders demonstrating under their noses, say when heating oil hits $9/gal.  Maybe then they still won't get it.

Thu, 04/28/2011 - 08:45 | 1215331 Terminus C
Terminus C's picture

That is some awesome Orwellian propaganda.

No animal shall sleep in beds... with sheets

No inflation domestic inflation... shall be felt

I personally liked the "domestically-biased (was that supposed to be based?) economy. 

 

Thu, 04/28/2011 - 09:05 | 1215424 THE DORK OF CORK
THE DORK OF CORK's picture

It means you will be importing less oil and exporting more cotton.

Thu, 04/28/2011 - 08:02 | 1215207 Walking Horse
Walking Horse's picture

Mr. Bernanke came across yesterday as a Politburo apparatchik offering up the new, improved five year plan, that looks suspiciously like the old five year plan.

The markets took appropriate note of the fact that this emperor is buck naked

Thu, 04/28/2011 - 08:05 | 1215220 SoNH80
SoNH80's picture

Let us fulfill and overfulfill the plan, comrades!  Onward, to new horizons of currency debasement!

Thu, 04/28/2011 - 08:01 | 1215210 ParaZite
ParaZite's picture

I wish there was an easy way to post a picture up on this board... I have a "We Zimbabwe Now" picture and a " You gonna get loved tenderly" picture that would go so well with this mornings articles. 

Raperham Lincoln also comes quickly to mind...

Thu, 04/28/2011 - 08:12 | 1215223 White.Star.Line
White.Star.Line's picture

Tickets are still available for the inaugural voyage of our new luxury liner RMS Titanic. All upper class passengers are provided opulent cabins, exotic food and drink, and lifeboat seat assignments.
White Star Line gladly accepts gold and silver for first class transactions.

There are some "lower berth" cots still available for lower class passengers. These can be purchased with paper monies.

Thu, 04/28/2011 - 08:43 | 1215311 Bastiat
Bastiat's picture

Devastating evidence of tampering on Obama's "Certificate"

Could they be this dumb? Is is sabatogue?  WTF? 

http://www.youtube.com/watch?v=2eOfYwYyS_c&feature=player_embedded

Thu, 04/28/2011 - 08:48 | 1215345 gall batter
gall batter's picture

no, they aren't stupid but anyone who spends time on this as an "issue" is when everything is collapsing.  

Thu, 04/28/2011 - 09:13 | 1215442 Bastiat
Bastiat's picture

"stupid?" -- I mean this does seem more important than Lindsay's latest. Can you see the difference?

Thu, 04/28/2011 - 08:43 | 1215315 rambler6421
rambler6421's picture

Here's my first post on zerohedge.  But, I'm going to buy some more silver at my lunch break at at this pawn shop.  THe dollar is dead.

Thu, 04/28/2011 - 09:35 | 1215546 I Got Worms
I Got Worms's picture

Exactly what I'm doing during lunch today. Going to buy an oz. of gold though.

Thu, 04/28/2011 - 09:06 | 1215411 MrMorden
MrMorden's picture

Dollars are SO 1990.

Thu, 04/28/2011 - 09:19 | 1215469 Thunder Dome
Thunder Dome's picture

BERNANKE IS A LIAR!

Thu, 04/28/2011 - 09:59 | 1215664 j0nx
j0nx's picture

I still say forget silver in this environment of dollar debasement and world strife. You can't eat it and if you are owning it for an EOTW type scenario then it won't do you a bit of good in that world. Personally I am buying ammo and lots of it. I also am buying cartons of cigs and 5ths of whiskey to store in my freezer. These things will be the new currency if things get as bad as we think they might and we go through a world fiat crisis. Paying 15% over spot in fees and shipping costs for silver = forget it. Boxes of ammo will be worth 10x as much in trade in the new world anyway.

Thu, 04/28/2011 - 10:10 | 1215705 Creed
Creed's picture

I still say forget silver in this environment of dollar debasement and world strife.

 

 

jonx why not go back to the ticker forum where your metal hatred is officially welcomed & encouraged?

don't buy silver because the dollar is being debased? really

 

Thu, 04/28/2011 - 10:22 | 1215752 j0nx
j0nx's picture

I don't know why you think I hate metal but I just think other things will have more value for where we are headed. That and I hate paying $6 over spot for it. No need to lose your calm there sparky. We are all on the same side.

Thu, 04/28/2011 - 18:44 | 1218261 honestann
honestann's picture

You have part of the answer (guns and ammo), but you can't live very well on smokes and booze.  So I hope you also have a garden and all supplies you need to keep it productive, plus 2 or 3 comrades to man the tower full of guns and ammo to stop less the hordes of less prepared fools who will attempt to steal it.

Also consider this fact... which maybe but not likely enough people will figure out.

If the predators-that-be and predator-class remain untouchable and untouched, the world will "go down the tubes" the way you envision.

If people eliminate the predators-that-be and predator-class (or even a small but significant minority of them so the rest "scatter and hide"), the world will not get so bad, and will recover with a vigor that will amaze almost everyone.

If a sufficient number of people come to realize this, and decide to take out the predators to save themselves [and everyone else]... guns, ammo, smokes, whiskey and such will not pay off very well.

The question is... will 7 billion just lie down and let 0.1% wipe them out?  Based on recent decades the answer would seem to be "yes".  But what about when the shit hits the fan?  Then what?

Thu, 04/28/2011 - 10:14 | 1215714 Treasure Freedom
Treasure Freedom's picture

Call me crazy but a dollar rally somehow wouldn't surprise me...

Thu, 04/28/2011 - 10:22 | 1215747 Temporalist
Temporalist's picture

Au $1535.  Another day, another record.

Ho hum.

Thu, 04/28/2011 - 11:21 | 1216018 baconator3000
baconator3000's picture

Have my 10 acre in alaska pennisula. Have my Armee Jager Ap-74, 306 and 357. Have food, beer and weed ready to go. Have internet access ready to go if willing to hike 30 miles.  Have Gold, Silver. Got knives, Sharp Sticks. Ready for the collapse! Shit man I should just go now. Tired of the rat race!

Do NOT follow this link or you will be banned from the site!