Category: US Dollar
The analysis published under this category are as follows.
Monday, August 15, 2011
UnHappy 40th Birthday for Fiat U.S. Dollar / Currencies / US Dollar
By: Jeff_Berwick
August 15 marks the 40th birthday of the Federal Reserve Note as a completely fiat currency.
On that date, on August 15, 1971, Richard Nixon commandeered the airwaves to announce the closing of the gold window. According to him, this was necessary to protect the US dollar from attacks from the "international money speculators'.
Read full article... Read full article...
Sunday, August 14, 2011
Death Star Washington Mulls The U.S. Dollar's End / Politics / US Dollar
By: Andrew_McKillop
What is is not in doubt is that the world's single reserve currency is nearing the end of its viability at
least in its current form. The only other two options, the euro and the yen, are in as bad or worse shape
regarding the fundamentals of the economies they are based on. The end game has arrived for the
current monetary system which began for the US in the 1930s, and for the world with Bretton Woods in
1944. The US sub prime crisis, Japan's Fukushima disaster, and Europe's PIIGS rout are the final nails
in the coffin of the dollar reserve system, which in "gold money" terms already died a long time ago - in
1971 - when Nixon pulled the plug on official and fixed dollar convertibility with gold. This system
was far from ancient and only dated from 1933, with Roosevelt (who pegged the dollar to .888 grams of
gold, or $35 per ounce). This was therefore at maximum a 38-year "gold money interlude", suspended
during the war years and only covering, in fact, about 33 years.
Friday, August 12, 2011
Can Revulsion with the Federal Reserve Note be Sustained over the Weeks and Months Ahead? / Currencies / US Dollar
By: Aftab_Singh
We seem to have reached an intermediate-term extreme in revulsion for the Federal Reserve note. It seems to us that the status quo of the currency markets is highly dependent on the Federal Reserve accommodating the market’s perception of it. Here, I present the usual Federal Reserve balance sheet charts and briefly outline why we continue to anticipate a short-term rally in the dollar.
Thursday, August 04, 2011
The Dollar is the World’s Currency, but the Federal Reserve is America’s Central Bank! / Currencies / US Dollar
By: Aftab_Singh
When considering the dollar’s status as the world’s reserve currency, I cannot help but recall the words of Jim Grant (of Grant’s Interest Rate Observer):
Read full article... Read full article...The dollar is the world’s currency but the Federal Reserve is America’s central bank! Period!
Thursday, August 04, 2011
Fed Given License To Debase U.S. Dollar Further, Gold Strong Breakout / Currencies / US Dollar
By: Jim_Willie_CB
The US Federal Reserve has no monetary options whatsoever. They have been backed into the corner since 2007. It was coerced to reduce interest rates as the subprime mortgage crisis morphed into an absolute bond crisis, as the Jackass loudly stated during that fateful summer. The US bank leaders claimed it was contained. It was not. The USFed was backed into the corner in 2009, unable to raise interest rates from near 0% (the Zero Interest Rate Policy disease) and put into effect its propaganda theme of an Exit Strategy. The US bank leaders knew the longest period of time for the Fed Funds rate to stick at 0% was nine months, ensuring a future disaster. They saw it. They claimed a move toward normalcy. It did not come.
Tuesday, July 26, 2011
U.S. Dollar Default to Change Gold and Silver Markets / Currencies / US Dollar
By: Julian_DW_Phillips
Last Friday we were led to believe that the debt-ceiling crisis would be over by the start of Asia's business on Monday. The weekend has gone and so the deal. The markets are very nervous and beginning to worry that a deal will not be made. This is merely a political game to earn a name because one or the other gives-in first. But the two leaders represent national parties and not themselves; therefore, the sensitivity needed to back down just in time isn't there. The structure of politics doesn't allow it. Not only that, but it takes a few days to implement the ceiling change.
Read full article... Read full article...
Wednesday, July 20, 2011
Making the U.S. Dollar Safer: Return ON Your Money / Currencies / US Dollar
By: Axel_Merk
Today’s debate may be focused on whether the debt ceiling will be raised, but it’s tomorrow’s debate that really concerns us. Last week, Standard & Poors made it clear that raising the debt ceiling would be one thing, but in order to withhold a downgrade to the U.S. credit rating, the U.S. must show that it is not “maxed out.” In other words, show that it would be able to manage another crisis, or a potential war. What would be the implications of a credit downgrade? And what policies would need to be engaged in, in order to avert a downgrade and strengthen the U.S. dollar over the long-term?
Thursday, July 14, 2011
Bernanke’s Nightmare / Currencies / US Dollar
By: Brady_Willett
The Great Ron Paul (no factiousness intended as Dr. Paul is truly one of a kind), has once again stymied the not-so-great Bernanke. After listening to Bernanke ramble on about people buying precious metals because of tail risks*, Mr. Paul finally interrupted and asked Bernanke point blank: ‘Do you think gold is money’? Bernanke’s answer, after an awkward pause, was as follows:
Read full article... Read full article...
Thursday, July 14, 2011
The Bell Tolls For The U.S. Dollar / Currencies / US Dollar
By: Jeff_Berwick
What an incredible day. I spent most of my day overlooking the beach in southern Mexico and so I was unaware of the buzz of activity that was going on worldwide. Around sundown, as I do most evenings, I then made my way to my office, Starbucks, and took my place in my usual seat, the red comfortable chair with armrests and began to scroll through the news of the day via the last free place on earth, the internet. And what a day it was!
Tuesday, July 12, 2011
Panic in the Markets, Making the U.S. Dollar Safer, Return OF Your Money / Currencies / US Dollar
By: Axel_Merk
There is panic in the markets: reviving memories of the peak of the financial crisis, investors have recently appeared less concerned about the return on their money, rather focusing on the return of their money. In what is a hallmark of grave investor concern, investors are paying for the privilege of lending money to the U.S. government: the yield on one and three month Treasury bills has been flirting again with negative yields.
Saturday, July 09, 2011
Coiling U.S. Dollar Set to Unwind / Currencies / US Dollar
By: Joseph_Russo
Over the medium-term, like many other broad based indices, the dollar continues to consolidate in a rather large sideways range. Its boundaries however, are not visually discernable in looking out over the short and near term as we’re doing here.Over the near-term, the dollar has been coiling in a contracting triangle from late May. Although it reserves the right to continue coiling for a couple of more weeks, the longer it does so, the more violent the unwind may be.
Read full article... Read full article...
Tuesday, July 05, 2011
Technically Speaking, U.S. Dollar Flirts With Trendline Support / Currencies / US Dollar
By: Joseph_Russo
After tagging a short-term downside whipsaw reversal target of 74.35 last Thursday, the US Dollar is just a whisker away from (TLS) trendline support on the daily bar chart.
Saturday, June 25, 2011
The Beaten Down U.S. Dollar Is A Buy! / Currencies / US Dollar
By: Sy_Harding
Where are investors to turn for profits?
U.S. and global stock markets are in corrections, producing losses for investors, and they do not look like their declines have ended yet.
Friday, June 24, 2011
U.S. Monetary System Descent into Fascism / Politics / US Dollar
By: David_Galland
The following interview with Dr. Vieira was conducted in early June of 2011 for the subscribers of The Casey Report – but after careful consideration, we decided that the content is so important; it needs to be shared with a wider audience. Feel free to pass it along.
Edwin Vieira, Jr., holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School).
Read full article... Read full article...
Tuesday, June 21, 2011
If the U.S. Dollar Collapses, What Happens to Your Portfolio? / Currencies / US Dollar
By: Jeff_Clark
Jeff Clark, BIG GOLD writes: Have you considered what will happen to your portfolio - and all the other areas of your life - if the dollar fails? The ramifications will be widespread, painful, and inescapable if you're not properly diversified.
Last month, I attended the Global Currency Expo sponsored by EverBank. The overarching theme, as you might expect, was that diversification out of one's home currency is paramount. While there were plenty of traders on hand, it was the big-picture talks that had the most pressing messages.
Read full article... Read full article...
Tuesday, June 21, 2011
Is the Euro Safer than the U.S. Dollar? / Currencies / US Dollar
By: Axel_Merk
Which one is safer: the euro or the U.S. dollar? Before jumping to a conclusion one way or the other, let's look at different sides of the respective coins. We have been warning for years that there may be no such thing anymore as a safe asset and investors may want to take a diversified approach to something as mundane as cash. We believe Greece has rather serious issues, but concerned investors may want to take a closer look at their dollar holdings for potential “contagion” risks. Let us explain…
Monday, June 13, 2011
How Do You Kill the U.S. Dollar? / Currencies / US Dollar
By: PhilStockWorld
That's the question that was on everyone's mind last week. The smallest indication of Dollar strength caused a Global equity meltdown. As Stock World Weekly has been pointing out all year, and as evidenced by this 2-year chart of the Dow relative to UUP (Dollar index), essentially our entire 40% rally since last summer was at least augmented by QE2's 20% weakening of Dollar buying power. Read full article... Read full article...
Thursday, June 09, 2011
US Dollar Death Spiral, Economy Hurtles Toward System Failure / Currencies / US Dollar
By: Jim_Willie_CB
The combination of $trillion bond fraud, dependence on inflating home equity for economic development, oversized cars, oil dependence, constant market intervention, insolvent banks, insolvent homes, outsourced industry, endless war, budget deadlock amidst runaway deficits, raided US gold treasury, mammoth future benefit obligations, and handing over the keys at USDept Treasury to Goldman Sachs has left the United States to fend off systemic failure. The creeping price inflation that stems from USFed hyper monetary inflation and total ignorance on basics of capitalism like business formation have left the US vulnerable to disorder and chaos. The chaos in fact grows with the passage of time and the ruin of money, against a background of a cruel middle class squeeze. With one citizen in seven on food stamps and over 22% of the population jobless, the sunset of the American Empire is well along. The banker oligarchs are gradually killing the nation, its democracy, and its wealth engines during a sustained strangulation process.
Friday, June 03, 2011
U.S. Dollar Unable to Strengthen / Currencies / US Dollar
By: Seven_Days_Ahead
The Dollar’s recent rally appears over, or is it?
Until the start of May the Dollar had been under relentless selling pressure that drove it to within a whisker of 1.50 against the Euro. Then suddenly it corrected, very vigorously. The catalyst was a mix of events, but the Portuguese debt crisis was at the centre of the drama weakening the Euro.
Read full article... Read full article...
Thursday, June 02, 2011
Washington Killing U.S. Dollar's No1 World Currency Status / Currencies / US Dollar
By: Adrian_Ash
SO the YIELD offered by 10-year US Treasury bonds just fell through 3.0%, a five-decade low when reached (and then breached on the way down to 2.0%) in 2009.
More telling, the real 10-year yield – the rate of interest paid to new buyers after you account for inflation – just slipped back below zero, even on the official CPI measure of living costs.
Read full article... Read full article...