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The US Dollar Is Dumping Again...
For the second time in a week, the market is running (not walking) away from the USD. Despite all the equity market exuberance over the taper, the USD is now unchanged from the FOMC decision and in relative free-fall for the world's reserve currency - on a scale we saw during last Friday's craziness... Treasuries are modestly bid this morning, equities are flat and precious metals are lower (thogh gold is recovering as the USD sinks)...
It seems the need to repatriate JPY and EUR into year-end is weighing heavy on the USD once again
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Not as badly as this guy.
Don 't go to the Eiffel Tower to celebrate the New Year!
http://www.youtube.com/watch?v=39X4sXc0Ubc
What I find amazing is the cable.
How can it be breaking through 1.65 when Carney has been here for how long now?
I thought Carney was going to be the death of the pound?
Forget dollars, they don't have to pay you at all now.
http://americandictators.blogspot.com/
Boy that was really stupid.
Which?
The constant promotion of the idiots video or the video itself?
Hey, can I choose all of the above?
Yes.
Bbbbbut comrade Joe Wiesnthal at Communist Insider said all is good in the world???
http://www.businessinsider.com/gold-crash-2013-12
Was he a cub reporter for Tigerbeat before becoming a business journalist?
"A secondary effect of lower gold prices is that there's less urgency to spend labor and energy digging up gold from the ground. Watching people spend lots of resources to dig up useless rocks is a sad thing for the world, so lower prices has a nice knock-on benefits."
He should be a "clubbed" reporter!
dollar needs a 20% correction downward to stimulate this economy.
I think you meant that government spending needs a 20% correction downward to stimulate the economy and for ther remaining 80% to be reprioritized away from the Pentagon.
Who wants to buy American shit?
Your cars are an international joke. Your software is nothing more than a portal for the NSA, your hardware just the same.......and who is really going to trust the Americans when buying advanced weapoons....like the JSF...I am 100000000% certain now, that the Americans will have built in their own code to "turn off" the war machines if they feel they are doing something against American interests.Airbus is kicking the shit out of Boeing, it goes on and on and on.....face it, you got Fat and Lazy.
America is done. I mean FFS, even American Allies......shit, even Americans are now saying the RUSSIAN leader is more trustworthy than the American gvt.........all you seem to have left is Hollywood and TV, and that is becoming obsolete too.
Hope and change... baby, hope and change.
/s
We can only HOPE that this fascism will CHANGE, but it WON'T!
Thanks to our liar in chief.
as a once proud americican, i agree humbly. to first correct or turn around a situation, one must realize the situation.
unfortunatly for most of us(minority), we have to stand by and watch democracy be hijacked by fascism...
sad truth(s) realized here on ZH.
but, all is good-just look around! s/
two worlds...
Those who study history are doomed to watch others repeat it.
Find me a country that has English as an official or common language, fully respects at least all rights enumerated in the US Constitution and its first 10 amendments, has low taxes, and has 1br rents no more than 25% median net income.
Oh, and I get to keep my guns and ammo, with no restrictions as to quantity, functionality, caliber or capacity.
You're correct, but you present it as an unalloyed good thing that America is f*cked. The 'old' America, before it was systematically destroyed by internal enemies, was in general a good place. Their leadership of the world, was, on balance positive IMHO.
All equity indexes are green, and hey that's all that matters anymore.
Gold and Silver taken down with a falling dollar. Talk about fucked up markets.
Sorry, wrong answer. When dollar goes down, metals go down. Dollar up, metals down............makes perfect sense.
Yeah, I keep forgeting it's just a puppet show for speculators. Has nothing to do with real Gold or Silver. Just need to remind myself to laugh.
The cheap metals are being purchased by the same people taking them down.....those cats don't like to pay retail.
I know it's a hard concept to grasp.....but just trust me on that.
Excellent point! Futures through contracted third parties and cash purchasing for pursuing Reserve Currency Status.
something that makes cents...
manipulation for your benifit-join in.
1200 floor, gather round my friends,
welcome to the show that never ends...
.....we're so glad you could attend.....come inside...come inside.
This BS show of currencies sliding up and down against each other would be seen for what it is by generations gone by who agreed and respected the universality of gold and silver.
It is obvious how much of Wall St would disappear if there were no paper currencies with which to play around with.
Is it any wonder paper currencies continue to exist?
You're exactly right. The entire 'show of currencies sliding up and down against each other' is happening inside a basket that has been thrown off a cliff. The camera through which this show is being televised is also located inside the basket. But step outside the basket and look at the real world, something the media shills are absolutely forbidden to do, and we get the real picture. Sure, gold and silver are being hammered down by JPM just like they have been for the past 100 years. The FED is exactly 100 years old this month. Sure, oil is only up 250% since the low of 2009, but so are the stock markets only up 250% in the past 4 years.
They say there is no inflation. To my way of thinking, when all the major markets in the world are up 250% in 4 years, I'd say there are at least sniffs of inflation on the wind. Step outside the basket though, and what do we find? Lo and behold... Bitcoin. The only form of money that has ever existed that is not subject to interference by the banking cabal... the oldest professional of all time... prostitution... banking whores, fucking the entire world ever since the invention of 'time itself', just because they can. Bitcoin isn't going anywhere... it's the banking theft machine that's going to vanish right back into the same imaginary void their fiat shit comes from.
And to them I say "Good fucking bye".
Until the banks get into BitCoin.... BitCoin is not a currency, it is an exchange medium. If the value of that exchange medium is perceived to be more valuable, then its price will go up. If not then... well y'know.
BItCoin doesn't have an army to protect it. The transactions are not private, therefore .... well y'know.
Yes indeed, Bitcoin is a medium of exchange... a 'real' money, but not a currency in the traditional sense. Not subject to the whims of fractional reserve banking... impossible to dilute in value by the creation of more coins out of thin air. Bitcoin is actually the only 'real money of the people'. In fact, the simple truth that there will never be more than 22 million Bitcoins in existence... that fact alone spells the "only possible" direction for Bitcoin. So... well, y'know.
This is so stupid I had to log in and reply.
They're not making any more land, either, real estate can only ever go up!!
Couldn't you at least be a bit more honest about it and just admit that you don't understand what Bitcoin is? Because if you had any understanding about Bitcoin at all, about the entire reason it was created in the first place and understood that it is actually a global revolution against the only monetary system that humanity has ever known so far, then you wouldn't have posted that comment. You just don't understant... pure and simple. Sadly you're one of the majority who are going to finally "get it" about 30 years too late.
Next time you go on vacation, make sure you take along $20,000 worth of land in your "Land Wallet". Meanwhile, I'll just carry a slightly lighter load and use my Bitcoin wallet. How does that sound to you?
Riiiiiiiiiiiiiiiiiiiiiiiiiiiight.
Love how the "violence dictates legitimacy" thing has been thoroughly indoctrinated into your point of view. No wonder the USA is failing, most of its citizens can't think critically anymore.
Hahaha... that's funny. "Until the banks get into Bitcoin". Hahaha... what are they going to do then, go out into the Bitcoin futures market and manipulate it lower just like they have done with every other market that has ever existed? Short story... they can't slam the Bitcoin market down without a futures market. I will admit though, I'm not at all surprised that there are so many people in the world like you who don't have enough understanding about the history of monetary systems to even grasp the concept of Bitcoin. You simply don't understand what it is.
Who would not want the global reserve currency backed by the full-spectrum spying by the NSA, the infinite printing and interventions of the Fed, and the drones of the Nobel Prize winner?
i know right, value doesnt get any more intrinsic than that.
<TNX 3.00/>USD 79
The trend is obvious.
two DOWN and one to go.
Dumping the USD drives the Euro, Yen and GBP - three economies in far worse shape than the US.
Here's the math behind this comment:
http://bullandbearmash.com/about/usd/
Only way to control the yield on Treasuries left is FX manipulation.
"The US Dollar is dumping again..." -- an appropriate headline, signaling the upcoming day when toilet paper becomes more valuable than a paper US Dollar...
On a (back) side note, I have been watching the number of sheets of said toilet paper (per roll) shrinking, but just recently noticed that the actual width of each roll is now smaller than the rolls I have stashed away... but, of course, there is no inflation...
The Fed's huge Ponzi scheme will one day be recognized bt the rest of the world.
A US dollar free-fall while they increase printing. They'll say they never saw it coming.
It's BS, they know the risk.
does the the dollar have a builtin back door by the nsa too?
Yep, the Amurikan taxpayer!
I wouldn't exactly call this "free fall" but the Tylers always exaggerate on this topic. Some very smart people say that the boost to the Euro is coming from hot money fleeing Turkey.