Category: US Dollar
The analysis published under this category are as follows.Monday, October 19, 2009
Orderly U.S. Dollar Depreciation Is Better Than Protectionism / Currencies / US Dollar
For all of the furore about the dollar’s slide, it is easy to lose sight of the underlying forces at play. However, we should not be complacent, as these forces can still have destructive effects on global growth prospects. Global imbalances, represented broadly in the growing US current account deficit and rising surpluses in many other parts of the world, were one of the prime - for some, the only - reasons for the global crisis that is still unwinding.
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Friday, October 16, 2009
Death of the U.S. Dollar, Again? / Currencies / US Dollar
The following article is based on analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.
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Thursday, October 15, 2009
U.S. Dollar Real Value Crash to 18cents / Currencies / US Dollar
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report -“A dollar is worth only 70¢ now,” my Dad jabbered as we worked in the backyard. “And they say it’ll only be worth 50¢ in a few years.”
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Thursday, October 15, 2009
End of U.S. Dollar Global Reserve Currency / Currencies / US Dollar
The heralded end to the Petro-Dollar defacto standard completes the loop, the vicious cycle that will work to destroy the USDollar. In a sense, the US$ had to face an end, its sunset guaranteed when Nixon defaulted on its redemption value. The United States served as custodian for the global reserve currency. Naturally, the most damage will be to the US as a consequence of its twilight, especially after the recent era of fraud & counterfeit. Few look back to that date in 1971 as prophetic for declaring the USDollar’s days as limited and finite.
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Wednesday, October 14, 2009
U.S. Dollar Develepments, The Most Critical Financial Developments of Your Lifetime… / Currencies / US Dollar
Make no mistake about it. The developments over the last three weeks affecting the U.S. dollar — which continues to sink in value — are the most critical financial developments of your lifetime.
The U.S. dollar has now entered the final days of its reign as the world’s reserve currency.
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Wednesday, October 14, 2009
U.S. Dollar Loses Reserve Status to Yen and Euro, NOT / Currencies / US Dollar
The New York Post is reporting that the Dollar loses reserve status to yen & euro.
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Tuesday, October 13, 2009
Abandoning the USS Dollar, As Gold Shines Again / Currencies / US Dollar
Robert Fisk's article in The Independent on October 6, “The Demise of the Dollar,” has created many shock waves in the currency markets. Fisk reported that major Arab nations are secretly planning to dump the current petrodollar scheme in favor of pricing oil in a basket of currencies. Included in this basket will be the yen, yuan, euro, a new, pan-Arab currency, and gold bullion. Co-conspirators include Saudi Arabia, Russia, Brazil, China, France, and the formerly compliant Japanese. This validated my July prediction that the Persian Gulf states will eventually accept yuan in exchange for oil.
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Friday, October 09, 2009
Geitner, Summers, AND Bernanke Lobbying for the U.S. Dollar / Currencies / US Dollar
All I can say is that when you have Geitner, Summers, AND Bernanke all chiming in with comments about the need for a strong dollar, smart money listens – and dumb money had better be prepared for some wicked volatility (against their short position). In the extremely interventionist world in which we find ourselves, my sense is that you really need to reevaluate a short dollar position when the three highest US financial market officials are telling you that they don’t like your attitude.
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Friday, October 09, 2009
Death of the U.S. Dollar, Again: Before You Mourn, See This Chart / Currencies / US Dollar
The following article is based on analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.
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Thursday, October 08, 2009
Gerald Celente, U.S. Dollar’s Demise Will Be Felt Worldwide / Currencies / US Dollar
If the dollar collapses, it would spell economic disaster not just for the United States, but for the world, says Gerald Celente, director of the Trade Research Institute.
“It is more than just the demise of the dollar – this is going to be felt worldwide. There’s a major financial crisis ahead. The United States, the world’s superpower, is failing on its most basic level,” Celente told RT.
Thursday, October 08, 2009
Death of Petro-Dollar, Told You So / Currencies / US Dollar
The story hit like a thief in the night, even bearing Biblical proportions. The end of the exlusive sale of MidEast oil in USDollars, the rise of Russian and Chinese influence in the Persian Gulf, the rise in importance for the Intl Monetary Fund basket of currencies, the final clarion call for the free ride by Americans on the Dollar Credit Card, and hidden implications that the Saudis must shop for a new security lord in the region with broad military might, these are revolutionary steps with profound geopolitical implications.
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Wednesday, October 07, 2009
The New Currency Cabal Targets U.S. Dollar / Currencies / US Dollar
On October 6th, The Independent newspaper of London set off shock-waves around the world with a report that secret meetings were held between the OPEC states, China, Russia, and others, in which the participants charted a course toward a new world reserve currency. Not surprisingly, the U.S. dollar nosedived on the news. The rout was only stemmed by Saudi and Chinese officials publicly denying the story.
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Wednesday, October 07, 2009
Will the U.S. Dollar Be Hit By Arab Oil Shock? / Currencies / US Dollar
Arab oil producing nations and the some world’s largest oil consumers including China and Japan are reliably reported to be secretly planning a long-term exit from pricing their oil trade in dollars. If true, it would spell the death knell for the dollar as world reserve currency and for the USA as global economic power.
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Tuesday, October 06, 2009
Ditching the U.S. Dollar, Video Interview With Robert Fisk / Currencies / US Dollar
Gulf states have held secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in the trade of oil, the UK's Independent newspaper says.Read full article... Read full article...
Tuesday, October 06, 2009
U.S. Dollar Collapse Hysteria / Currencies / US Dollar
Robert Fisk lit the fuse with his hyperventilating narrative which appeared in Tuesday's UK Independent titled, "The Demise of the Dollar". The article went viral overnight spreading to every musty corner of the Internet and sending gold skyrocketing to $1,026 per oz. Now every doomsday website in cyber-world has headlined Fisk's "shocker" and the blogs are clogged with the frenzied commentary of bunker-dwelling survivalists and goldbugs who're certain that the world as we know it is about to end.
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Tuesday, October 06, 2009
Ridiculous Hype Over Secret Arab Crude Oil Currency Meetings / Currencies / US Dollar
Once again everyone is hyperventilating over "secret" moves to trade oil in currencies other than the US dollar. Please consider The demise of the dollar by Robert Fisk.
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Monday, October 05, 2009
U.S. Dollar 50% Devaluation and IMF Part of Global Central Bank? / Currencies / US Dollar
“A year ago,” said law professor Ross Buckley on Australia’s ABC News on September 22, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.”
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Monday, October 05, 2009
U.S. Dollar Doom or Boom?, How to Trade the Dollar Through the Stock Market / Currencies / US Dollar
Everywhere you turn, you hear pundits screaming that the U.S. dollar is ready to collapse and will be suitable only for confetti, wallpaper, and bird cage liner before you know it.
"Buy gold now before it's too late!" is heard from every goldbug and commodity investor on the planet.
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Saturday, October 03, 2009
Stock Market Reversal Bodes Well for U.S. Dollar / Currencies / US Dollar
The G-7 meets this weekend in Istanbul. So what’s on the minds of these leaders of the top industrialized countries of the world?
They’re all worried about currencies. Specifically, how currencies will impact their own recoveries and the recovery of the global economy.
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Thursday, October 01, 2009
Helping the Fed Trash the U.S. Dollar / Currencies / US Dollar
Across the river is the great "City" of London...where finance is the #1 industry...
...where earnest men and women toil long hours in glass towers. What are they doing?
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