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US$ GETTING DESTROYED!!! (71.31)

What's on your mind?
General interest discussions, not necessarily related to depletion.
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What should we change the title of this thread to?

The US$ ain't worth sh!T?
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Bend Over Ben's T-Paper?
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Parity with peso or bust?
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So much for saving...US$ cratering hard?
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Amero...coming to a theatre near you...?
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The US$ defaults on global debts...?
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Nothing - leave the thread name alone - Rocc Roccs!!!
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Other
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Total votes : 76

Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Troyboy1208 » Thu 17 Apr 2008, 12:32:55

Last time I checked its a 1.60 dollar to one Euro....
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Revi » Thu 17 Apr 2008, 12:57:41

We are at the beginng of a really hard time. This hat trick letter is excellent:

http://www.321energy.com/editorials/wil ... 41708.html

I love somebody who calls it like it is.

It's pretty grim.
Deep in the mud and slime of things, even there, something sings.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby roccman » Thu 17 Apr 2008, 14:22:25

$this->bbcode_second_pass_quote('Revi', 'W')e are at the beginng of a really hard time. This hat trick letter is excellent:

http://www.321energy.com/editorials/wil ... 41708.html

I love somebody who calls it like it is.

It's pretty grim.


Excellent post!

Covers all the bases.

Thanks
"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
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Troyboy1208 » Thu 17 Apr 2008, 17:33:16

Thats the best opinion/article I have read in a LONG time. Great find. Thanks for sharing that!
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Kaj » Thu 17 Apr 2008, 22:52:35

Is it really going to collapse though? I don't pretend to understand Wall Street but it just seems that with the Fed mechanisms and various economic voodoo that they could get away with anything...

Plus, a weak dollar is a boon for American exports. If they are engineering inflation, maybe its just for this aim?
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Micki » Thu 17 Apr 2008, 23:47:54

$this->bbcode_second_pass_quote('', 'I')s it really going to collapse though? I don't pretend to understand Wall Street but it just seems that with the Fed mechanisms and various economic voodoo that they could get away with anything...

Plus, a weak dollar is a boon for American exports. If they are engineering inflation, maybe its just for this aim?


FX is largely dependent on foreigners. So what WS and Fed Reserver are trying to do is to convinve foreigners US$ is near bottom. i..e G7 tried some spiel that was supposed to be US$ supportive, Paulson keeps repeating his strong dollar support etc.
This is however lip service only. So far not much has been done to actually fundamentally support US$.
What I think we may see is however a race to the bottom where nations that don't want strong currencies start lowering interest rates etc. Europe recently also started to talk down Euro. Once again this is talk only at this stage.

With exports, you have to remember that USA has got rid of much of it's manufacturing base etc. What you are more likely to see is that with weak dollar, foreigners will be increasingly interested to buy up companies they see as having value. (i..e resource companies)

At some point in time US economy will be competative again.
Perhaps when Chinese and Indian shoppers prefer things from USA as they are made by low cost labourers.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Denny » Fri 18 Apr 2008, 00:42:31

$this->bbcode_second_pass_quote('Micki', '
')With exports, you have to remember that USA has got rid of much of it's manufacturing base etc. What you are more likely to see is that with weak dollar, foreigners will be increasingly interested to buy up companies they see as having value. (i..e resource companies)


Don't forget that the U.S.A. has an ace card in this commodity mad world. It has the highest base of agriculture production to population of any major country. In fact, the U.S. produces more farm production value than does all of Europe, though Europe has a larger population and has price supports which inflate the value of its production.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby roccman » Fri 18 Apr 2008, 01:01:04

$this->bbcode_second_pass_quote('Denny', '
')
Don't forget that the U.S.A. has an ace card in this commodity mad world. It has the highest base of agriculture production to population of any major country. In fact, the U.S. produces more farm production value than does all of Europe, though Europe has a larger population and has price supports which inflate the value of its production.


Not according to this article...

$this->bbcode_second_pass_quote('', '[')url=http://www.reuters.com/article/sphereNews/idUSN1636045320080416?sp=true&view=sphere]But domestic demand, coupled with exports, could quickly drain supplies to critically low levels by summer of 2009 summer.[/url]

"If you benchmark on the 86 million acres, it basically runs you out of corn by the summer of 2009. Of course it won't go to zero, but basically you have to ration demand to correspond with the limited supply," Nelson said.

"The food-versus-fuel battle is going to get bigger and it's a political year in the United States so I don't see anyone making any changes (to ethanol policy)," Haugens said.


I guess we could stop exporting food...

Hmmmm...

Ya think oil producing countries will stop exporting oil to us if we don't send them food...

Naw....

We would just threaten to bomb them back to the stone ages...

See...it's all good.
"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
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby roccman » Fri 18 Apr 2008, 21:04:55

$this->bbcode_second_pass_quote('golem', '
')
I kid you not...wanna see some images...?


namaste

golem


Helllllllllllllllllllllllllllllllllllllllllllllllllllll Ya!!!!
"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
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby roccman » Sat 19 Apr 2008, 01:12:04

$this->bbcode_second_pass_quote('golem', '')$this->bbcode_second_pass_quote('roccman', ' ')

How did you know I found this stuff under the Vatican?


THEY have been planning this quite some time... 8)


Holy hell...!!!!!!

So how did you find this under the Vatican?
"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
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby chuck6877 » Wed 04 Jun 2008, 18:48:24

The dollar has been "REBOUNDING".....

How far will it rebound? Not much higher....
How much longer will it rebound? Not much longer......

The Dollar is hitting serious resistance right now at the 100day moving average. We could be seeing the top now!

LOOK HERE at the Dollar hitting the 100 day moving average which is the red line which represents the 20 week moving average. This has held for the last year and a half!:
[web]http://stockcharts.com/h-sc/ui?s=$USD&p=W&b=4&g=0&id=p72584563816[/web]

Let's look at the other US Dollar Technical Analysis Charts and see what they look like:
[web]http://stockcharts.com/charts/gallery.html?%24usd[/web]

Especially look at the long term 2nd chart.

Markets technically love to go back to their 200 day moving averages before resuming their upward or downward paths and if the Dollar somehow can bust the 100dma it will go there.

Look how the 40 week moving average(200dma) on the 2nd chart is dropping about $1 per month. At this rate this "rebound" will last NO LONGER than 2 more months.

It's more likely to only last about a month when the $USD probably climbs a little more to meet the 200 day moving average.

If the 200 day moving average is hit by the $USD that will be it. It will trigger a SELL SIGNAL for the USDollar by all technical analysts and the resumption of gold and oil bull markets will really gain traction again after working off their overbought conditions.

Chuck
Last edited by chuck6877 on Wed 04 Jun 2008, 19:14:21, edited 2 times in total.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Chuckmak » Fri 06 Jun 2008, 21:42:53

HEY ROCC! You know this post had to be resurrected, right? :twisted:

along with you i consider myself co-keeper of this post! 8)
"if god doesn't exist, it is necessary that we invent him" - Voltaire

"they say prescott bush funded hitler" - Nas

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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Homesteader » Fri 06 Jun 2008, 21:50:03

$this->bbcode_second_pass_quote('Chuckmak', 'H')EY ROCC! You know this post had to be resurrected, right? :twisted:

along with you i consider myself co-keeper of this post! 8)


Damn, I tried squishing that avatar 3x.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Chuckmak » Thu 03 Jul 2008, 07:38:07

HEY ROCC!

It's about that time again for this post :)
"if god doesn't exist, it is necessary that we invent him" - Voltaire

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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby chuck6877 » Sat 05 Jul 2008, 08:18:26

Jim Willie thinks the dollar is about to break down in this article: http://www.321gold.com/editorials/willi ... 70308.html

Here he shows on the chart below how the Dollar has just broken out of its "Bearish Flag Pause Pattern" and will be going down a lot more soon.
[web]http://www.321gold.com/editorials/willie/willie070308/1.gif[/web]
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby DantesPeak » Sat 05 Jul 2008, 12:09:15

I am much in agreement with Jim Willie here (although not always).

This may sound surprising, but the average price the US paid for oil was only $64.26 in 2007 (check out page 27 of this government report).

US BEA - International Trade Deficit

When the US price for oil imports gets about $140, the US balance of trade will worsen by $400 billion per year. I don't think foreigners will let the US charge an unlimited amount for oil on our (figurative) national credit card.

While foreign central banks and funds have surprisingly also stepped up their purchases of US dollars to a $500 billion annual rate in the second qaurter 2008 (per the Federal Reserve), that's only about $100 to $200 billion above the trend since 2003. I would be very surprised if they would - or even could - step up purchases even more to accomodate a trade deficit of about $1 trillion per year.

Talk of a dollar 'rally' in the second half, along with an economic 'recovery', just seems plain silly to me.
It's already over, now it's just a matter of adjusting.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Chuckmak » Tue 15 Jul 2008, 09:24:41

TIME FOR AN UPDATE

*sends dollar collapse batsignal*

Last trade 71.502 Change -0.447 (-0.62%)
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby drgoodword » Tue 15 Jul 2008, 10:31:53

Here's a telling quote:

$this->bbcode_second_pass_quote('', '[')b]LONDON (MarketWatch) --- 15 July 2008 -- It's tempting to think it's a typo.

The euro rose to a new record high after data showing investor sentiment in Europe's largest economy, Germany, is at a record low.

But, alas, it wasn't a mistake -- confidence is so low in the U.S. economy and its financial institutions that all indications that the European economy is sputtering don't seem to matter.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Muckingfess » Tue 15 Jul 2008, 11:06:31

Look at what it is today as compared to the beginning of this thread 3 months ago.
A man should never wear a hat that has more character than he does.
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Re: US$ GETTING DESTROYED!!! (71.70)

Unread postby Nogloom » Tue 15 Jul 2008, 14:07:38

$this->bbcode_second_pass_quote('DantesPeak', 'I')...

While foreign central banks and funds have surprisingly also stepped up their purchases of US dollars ....


Not surprising at all.
Reason being there really are no foreign banks, they are a at the top one bank and they are committed to not let tthis crash happen until they are ready with the amero, they arent ready yet.
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