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Bitcoin Cash: $ USD
At its current rate of collapse, the US Dollar will do this within the next 3-4 months. This means the greenback will break into a new all-time lows by 2H11, which will precipitate the coming inflationary collapse.
Bill Bonner: None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.
We’ll enter the final stage of the process, in which the Fed buys ALL the bonds issued by Treasury directly. Or perhaps we’ll simply print the money the government spends, with no borrowing needed. At that point, no sane person will want...
The United States Department of Justice delivered a very clear and unfortunate message on Friday
Host:
Ernest Hancock
Heather Lewis - Liberty4free.com - Liberty Dollar Trail / Ahmed Al-Mulla - Saudi Arabia - Middle East
Host:
Ernest Hancock
Heather Lewis - Liberty4free.com - Liberty Dollar Trail / Ahmed Al-Mulla - Saudi Arabia - Middle East
Bill Bonner: Neither. It is in a Great Correction of the credit expansion that began after WWII. This will continue for many years to come and probably lead to enough excess money-printing by the feds to create a hyperinflationary blow-up.
Central banks and large financial institutions are constantly manipulating the Forex, precious metals and stock markets all over the globe. You see, in today's global economy the "stakes are so high" that the free market cannot be trusted.
I could be wrong—hell, most of the time, I’m way wrong. But I do think that today is the day the dollar breaks down.
The DXY has just breached the support from 2010 lows. Ben Bernanke's stealth plan to inflate the debt is working. In other news, the dollar is now one lap ahead of everyone in the devaluation race.
Either something breaks (preferably the euro), or we are going to have a dollar meltdown/panic before the summer. Be warned, this might get really ugly. Especially since there has been little or no mention of the collapsing dollar in the media.
Support broken as the dollar yen plunges to an all time record low. Everyone now watching the Nikkei to see if it opens. That the BOJ has not intervened yet is beyond ominous, and nothing short of a death sentence for the Yen carry traders.
The news agency said officials from more than 10 non-Japanese financial firms held a conference call Tuesday afternoon, with some firms calling for the market to be closed immediately, Nikkei reported, citing people familiar with the discussion.
The Germans are being quite reasonable. Frau Angela Merkel is benevolent.
The next few months may prove to be the best (and last) time to get out of the dollar.
The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression. Such will encompass a complete collapse in the purchasing power...
You may ask, how that can possibly be? It’s almost metaphysically impossible for “everything” to be expensive, if for no other reason than that it raises the question: “Relative to what?” Nonetheless, we’re in an economic and financial twilight zone.
The time has come to make a change. The IMF can lead the way to global financial efficiency.
RBC is out with a new technical note on the US dollar, noting that it stands on the precipice of breaking a major trend.
So much to muddle through. The EU will survive.
It's been nearly 80 years since the U.S. stopped using gold coins as legal currency, and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a comeback in the United States -- beginning in Utah.
One of world's top investors says there is no silver left.
There is the danger that the dollar's safe-haven status will be lost. Foreign investors—private and official alike—hold dollars not simply because they are liquid but because they are secure. The U.S. government has a history of honoring its...
China is clearly trying to position the yuan or renminbi as the alternative global reserve currency. The Chinese likely realise that they will need to surpass the Federal Reserve’s official, but unaudited, gold holding of 8,133.5 tonnes.
It’s getting harder and harder to continue to brush off Andrew Maguire’s claims as the rantings of a rogue trader with a nutty online following.
Long seen as a place of safety in times of turmoil, the dollar may be losing its haven appeal.
There is no shortage of turmoil right now… yet we are seeing the dollar get clobbered while gold, silver, and smaller currencies like the Swiss franc rise. This represents a major shift in the way that the market views risk.
Eventually the economy will deteriorate, that there will be more money-printing, and then you have inflation, and a poor economy, an extreme form of stagflation, and, eventually, in that situation, countries go to war, and, as a whole...
With US GDP plunging by 5% in the past week on the hike in oil prices, it is becoming very evident that the recovery myth is now over, despite claims by the NAR charlatans, and another round of quantitative easing is almost inevitable.
"It is a warning shot to America that we cannot simply assume flight to quality, flight to safety. That people are starting to worry about the fiscal situation in the U.S., worrying about the level of debt and what they're hearing about states and...
