Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

US$ GETTING DESTROYED!!! (71.31)

What's on your mind?
General interest discussions, not necessarily related to depletion.
Post a reply

What should we change the title of this thread to?

The US$ ain't worth sh!T?
12
No votes
Bend Over Ben's T-Paper?
6
No votes
Parity with peso or bust?
8
No votes
So much for saving...US$ cratering hard?
4
No votes
Amero...coming to a theatre near you...?
14
No votes
The US$ defaults on global debts...?
6
No votes
Nothing - leave the thread name alone - Rocc Roccs!!!
22
No votes
Other
4
No votes
 
Total votes : 76

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 78.195)

Unread postby Tyler_JC » Fri 28 Sep 2007, 00:56:02

$this->bbcode_second_pass_quote('threadbear', 'Y')up. I'm watching the gold chart. In the last hour gold has gone up about 5.00 American!


Bring it on!

I'm praying for $1,000 gold. Not because I particularly care how much my pathetic little stash increases in value, but because I want to see how the financial newspapers accommodate the extra digit. :razz:
"www.peakoil.com is the Myspace of the Apocalypse."
Tyler_JC
Expert
Expert
 
Posts: 5438
Joined: Sat 25 Sep 2004, 03:00:00
Location: Boston, MA
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 78.15)

Unread postby roccman » Fri 28 Sep 2007, 09:14:24

And the march into the abyss continues...

78.15

Got gold?
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 78.15)

Unread postby Chuckmak » Fri 28 Sep 2007, 09:51:51

$this->bbcode_second_pass_quote('roccman', 'A')nd the march into the abyss continues...

78.15

Got gold?


nope! i can only afford Ag
"if god doesn't exist, it is necessary that we invent him" - Voltaire

"they say prescott bush funded hitler" - Nas

Image
Chuckmak
Heavy Crude
Heavy Crude
 
Posts: 1000
Joined: Sat 19 Mar 2005, 04:00:00
Location: Bridge City
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 78.15)

Unread postby roccman » Fri 28 Sep 2007, 10:10:25

$this->bbcode_second_pass_quote('Chuckmak', '')$this->bbcode_second_pass_quote('roccman', 'A')nd the march into the abyss continues...

78.15

Got gold?


nope! i can only afford Ag


Agreed - silver will out perform gold in the long run and is less expensive.
Last edited by roccman on Fri 28 Sep 2007, 10:46:07, edited 1 time in total.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.93)

Unread postby chuck6877 » Fri 28 Sep 2007, 10:26:47

The Dollar is falling to new lows again. [web]http://www.weblinks247.com/indexes/idx24_usd_en_2.gif[/web]
Gold is skyrocketing because of the fall:
[web]http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif[/web]
Oil is launching into orbit with the falling dollar today too:
[web]http://www.321energy.com/charts/tmp/chart.jpg[/web]
Is this thing gonna crash like everyone has worried about or are the central banks going to slowly let her fall???? It really depends on China, Saudi Arabia, and others huh?

I think China will wait till we do something to piss them off though before they'll bail big time out of the dollar. Maybe the USA attacking IRAN might piss them off enough. They'll probably even threaten the USA that if they attack Iran they'll dump the dollar.

Scary times for those of us living in the USA.....

Chuck
User avatar
chuck6877
Tar Sands
Tar Sands
 
Posts: 513
Joined: Mon 16 May 2005, 03:00:00
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.93)

Unread postby mattduke » Fri 28 Sep 2007, 10:41:05

Don't worry guys, that tick up in the gold price was just me dumping my "bernanke just might show some spine and not lower rates" dollars at the local coin store. :lol:
User avatar
mattduke
Intermediate Crude
Intermediate Crude
 
Posts: 3591
Joined: Fri 28 Oct 2005, 03:00:00
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.87)

Unread postby roccman » Fri 28 Sep 2007, 12:31:46

77.87

4/10ths TODAY!!!!
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.87)

Unread postby roccman » Fri 28 Sep 2007, 14:51:33

$this->bbcode_second_pass_quote('Shannymara', 'I')'m not sure if you're looking at spot or futures prices, but the Dec. contract is now down .50 to 77.745.

Edit: Make that 77.72... 8O


http://quotes.ino.com/
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.72)

Unread postby emersonbiggins » Fri 28 Sep 2007, 14:56:23

Well below 78 now - I wonder where we'll encounter some resistance?
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.72)

Unread postby roccman » Fri 28 Sep 2007, 15:02:19

$this->bbcode_second_pass_quote('Shannymara', 'T')hanks rocc. So the spot price is a little bit higher than the Dec. contract, but it's down about the same absolute amount on the day.


This is getting unnerving...

I hear toothpaste at some grocery stores is in the $4-7 range - and that is LAST weeks price!!!

TSHasHTF!
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.72)

Unread postby Twilight » Fri 28 Sep 2007, 15:10:48

[flash width=425 height=350]http://www.youtube.com/v/KJh0pDMnL8M[/flash]
Twilight
Expert
Expert
 
Posts: 3027
Joined: Fri 02 Mar 2007, 04:00:00
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.72)

Unread postby roccman » Fri 28 Sep 2007, 15:15:40

Image
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby threadbear » Fri 28 Sep 2007, 15:23:28

Mishkin, reserve member, quoted as saying words to the effect that the fed will flood with liquidity, while balancing the peril of a moral hazard. Good luck wid dat! :lol: :lol:

The words out...Helicopter Ben is going to follow Japan's lead and reduce rates to zero, if need be. Usually done to battle deflation, but what the hay, they're banksters AND mavericks. :roll:
User avatar
threadbear
Expert
Expert
 
Posts: 7577
Joined: Sat 22 Jan 2005, 04:00:00
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby roccman » Fri 28 Sep 2007, 16:01:50

$this->bbcode_second_pass_quote('threadbear', 'M')ishkin, reserve member, quoted as saying words to the effect that the fed will flood with liquidity, while balancing the peril of a moral hazard. Good luck wid dat! :lol: :lol:

The words out...Helicopter Ben is going to follow Japan's lead and reduce rates to zero, if need be. Usually done to battle deflation, but what the hay, they're banksters AND mavericks. :roll:


Here's your sign TB...

$this->bbcode_second_pass_quote('', 'W')ASHINGTON (MarketWatch) -- The Federal Reserve stands ready to cut rates again to keep the economy on a moderate growth track in the face of the financial market turmoil, said William Poole, the president of the St. Louis Federal Reserve bank on Friday. "My guess is that the inherent resilience of the U.S. economy along with future policy actions, should they be desirable, will keep the economy on a track of moderate average growth and gradually declining inflation over the next few years," Poole said in a speech in New York City. Poole said he saw tentative signs that the financial markets are beginning to recover from the recent upset, although financial fragility is obviously still an issue. "If the upset were to deepen in a sustained way, it might have serious consequences for employment stability," he said.


Then again Poole also said no rate cut...

So maybe he is really saying to raise rates...

Wow...just wow

The chimps have taken over.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby firestarter » Fri 28 Sep 2007, 16:51:57

Looks like the Fed decided to defend the $ the back-door way with an effective Fed fund rate of 5.23%

FFR 5.23%-- look here
User avatar
firestarter
Heavy Crude
Heavy Crude
 
Posts: 1171
Joined: Sun 19 Mar 2006, 04:00:00
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby roccman » Fri 28 Sep 2007, 16:57:49

$this->bbcode_second_pass_quote('firestarter', 'L')ooks like the Fed decided to defend the $ the back-door way with an effective Fed fund rate of 5.23%

FFR 5.23%-- look here


yep FS

I think it is too late.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby firestarter » Fri 28 Sep 2007, 17:03:53

Yes, rocc, it's too late.

BTW, did you notice the stock market almost ended green for the day?

Infookincredible!
User avatar
firestarter
Heavy Crude
Heavy Crude
 
Posts: 1171
Joined: Sun 19 Mar 2006, 04:00:00
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby roccman » Fri 28 Sep 2007, 17:23:57

$this->bbcode_second_pass_quote('firestarter', 'Y')es, rocc, it's too late.

BTW, did you notice the stock market almost ended green for the day?

Infookincredible!


Yep...companies like Amazon and Google holding the whole house of cards up.

Frankly - the fed is buying time for Bush to attack Iran and for the big boys to get out.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby MD » Fri 28 Sep 2007, 17:28:11

Roccman, roccman, dropping his rocks in the pond of PO.com.

Big splash roccman!!! Keeping us all up on the BIG news of the day!!!!

Oh yes!!!

Carry on rocc...carry on. Keep your flame burning.
Stop filling dumpsters, as much as you possibly can, and everything will get better.

Just think it through.
It's not hard to do.
User avatar
MD
COB
COB
 
Posts: 4953
Joined: Mon 02 May 2005, 03:00:00
Location: On the ball
Top

Re: US$ DROPPING LIKE A ROCK!!!(NEW ALL TIME LOW 77.69)

Unread postby roccman » Fri 28 Sep 2007, 17:44:04

rut roh!!

WASHINGTON, Sept 28 (Reuters) - The U.S. Office of Thrift Supervision on Friday said it closed NetBank Inc (NTBK.PK: Quote, Profile , Research), an Internet bank with $2.5 billion in deposits, and appointed the Federal Deposit Insurance Corp as receiver.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
User avatar
roccman
Light Sweet Crude
Light Sweet Crude
 
Posts: 4065
Joined: Fri 27 Apr 2007, 03:00:00
Location: The Great Sonoran Desert
Top
PreviousNext
Post a reply

Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 1 guest



cron