Talk of dollar devaluation getting stronger by the day.

[ThePythonicCow]

Re: Talk of dollar devaluation getting stronger by the day.

The People will demand that Congress prosecute the guilty, or they will vote them out of office. Congresspeople may not need to fear torches and pitchforks, but they are not going to sleep well, especially as some of them are enablers of those that caused the fraud.

The Banksters and their powerful friends have much experience in controlling unruly populations. See my immediately preceding reply to myself. I changed my prediction. Congress critters will continue to fear the Banksters more than the masses, and their elections will continue to depend more on whether they serve the powerful than on whether they serve the people.

The extent of mass control, in my view, is worse than Alex Jones imagines. Perhaps after I have my morning cup of coffee, things will look better. But for now...

[kartius919]

Re: Talk of dollar devaluation getting stronger by the day.

So long as people are housed, fed, and clothed they won't rebel. You don't bite the hand that feeds you. A hungry public is what the oligarchs fear the most. They are the ones that will bring out the guillotine. That's why food stamps and unemployment benefits are the most important gov't programs out there.

[jk]

Re: Talk of dollar devaluation getting stronger by the day.

the romans understood the necessities: bread and circuses.

[touchring]

Re: Talk of dollar devaluation getting stronger by the day.

3 weeks on, the dollar looks like it is about to collapse.

http://www.google.com/finance?chdnp=...:USDEUR&ntsp=0

http://www.google.com/finance?chdnp=...:USDCAD&ntsp=0

http://www.google.com/finance?chdnp=...:USDCHF&ntsp=0

[touchring]

Re: Talk of dollar devaluation getting stronger by the day.

Another 3 weeks on. Unless something drastic is done, the dollar's finished.

[goadam1]

Re: Talk of dollar devaluation getting stronger by the day.

Another 3 weeks on. Unless something drastic is done, the dollar's finished.

dollar down, assets up, debt floated away. Rich richer, poor poorer. Maybe some export jobs. It's not an accident.

[goadam1]

Re: Talk of dollar devaluation getting stronger by the day.

So long as people are housed, fed, and clothed they won't rebel. You don't bite the hand that feeds you. A hungry public is what the oligarchs fear the most. They are the ones that will bring out the guillotine. That's why food stamps and unemployment benefits are the most important gov't programs out there.

But not the only gov job program for the working poor

[GRG55]

Re: Talk of dollar devaluation getting stronger by the day.

Another 3 weeks on. Unless something drastic is done, the dollar's finished.

Okay, the cab drivers are on to it now, so I'm almost ready to sign on to icm63's contrarian DollarGoinUp thesis...

dollar down, assets up, debt floated away. Rich richer, poor poorer. Maybe some export jobs. It's not an accident.

Actually the real reason Wall Street wants a weaker Dollar [other than Goldman's short ] is that the US multinationals convert foreign earnings to Dollars to report each quarter, so what better way to show the recession is over than another bunch of fun-with-numbers earning "beats"? :rolleyes: Dow 12,000, baaaaaby.:p

[goadam1]

Re: Talk of dollar devaluation getting stronger by the day.

Okay, the cab drivers are on to it now, so I'm almost ready to sign on to icm63's contrarian DollarGoinUp thesis...



Actually the real reason Wall Street wants a weaker Dollar [other than Goldman's short ] is that the US multinationals convert foreign earnings to Dollars to report each quarter, so what better way to show the recession is over than another bunch of fun-with-numbers earning "beats"? :rolleyes: Dow 12,000, baaaaaby.:p

I know. That's why I bought ko, intc, oil companies and mcd in the summer. Very on itulip but it was my anti dollar trade. If profits need to be turned into dollar they will look better.

[meechpod]

Re: Talk of dollar devaluation getting stronger by the day.

With respect -this observation while right in principle can once in a while be specious in practice.

For two very long five and then six year periods (1980-1985 and 1995-2001) the USD went up about 50 percent, which in the staid world of international exchange rates are huge moves. To get too entrenched into a macro view on the USD's direction and stubbornly stick to that view in those anomalous periods can then actually prove to have been a stopped clock's posture, like the permanently dollar bearish Peter Schiff's.

One point evidenced in the same chart you employ to illustrate your dollar bearish point below, is that on a couple of occasions, permabear insights about the dollar's long term trajectory have been interrupted by agonizingly wrong five and six year interludes to the contrary, and this is a good example of how rigorously correct macro economics can put you in dangerous opposition to an occasional market paradox.

Something which fundamentally driven analysis is tempted to dismiss as irrelevant for instance, is "how long has the USD been descending uninterruptedly, to date"? In our present case, it's been trending hard-down for a long time already, since 2001 when the last multi-year uptrend ended.

iTulip (elegantly) prefers the long term view on the dollar, which is most certainly the only rational course long term - the thesis that's overhwelmingly more popular here is that we must finally be at the cusp of a definitive unravelling. But these same charts you post to substantiate your bearish macro-point show the extent to which violent five year long reversals can make mincemeat of the most logical macro insight once in a while.

Currencies can be affected by speculative as well as fundamental factors, in the short and even intermediate terms, when fundamentals go out the window for a little while (years)? You implicitly recognise this risk by adhering to the iTulip stance of keeping a large position in USD. Given one holds a large USD position "for balance", I would adjust my pronouncements to align them just a little more with that implied caution.

how silly... they've been depreciating the dollar since 1971...

google site:itulip.com dollar pound

[Spartacus]

Re: Talk of dollar devaluation getting stronger by the day.

http://exiledonline.com/parasites-we...t-sea-insects/

[ATTACH]2064[/ATTACH]

This crab is infested with Sacculina carcini, a kind of sea lice.

Not only is that white blob the sexual organ of the parasite - not the crab, but this crab may well have once been a male:

There are more things in heaven and earth, Horatio,Than are dreamt of in your philosophy

Or, more appropriate to the above:
Not only is the universe more queer[*] than you imagine, it's more queer[*] than you CAN imagine
[*] ha ha ha ha - although Haldane may have said "strange", not queer.

[Jay]

Re: Talk of dollar devaluation getting stronger by the day.

I have had two people at work mention the spike in gold prices to me. No specific mention of dollar devaluation though. The level of awareness hasn't reached that point yet. Both of these people have been putting up with my warnings for years, and one actually bought more Au on Oct. 1st without my prompting which I found noteworthy as it took all the persuasion I had to initiate her first puchase 18 months ago. Early majority, I think, is here.

[touchring]

Re: Talk of dollar devaluation getting stronger by the day.

Okay, the cab drivers are on to it now, so I'm almost ready to sign on to icm63's contrarian DollarGoinUp thesis...

China's quietly converting dollars to gold. Not if every American decides to exchange their dollar with gold or the Euro.

Once China decides to support gold, and gold breaks $1000 convincingly, the dollar's finished, like it or not.

Actually the real reason Wall Street wants a weaker Dollar [other than Goldman's short ] is that the US multinationals convert foreign earnings to Dollars to report each quarter, so what better way to show the recession is over than another bunch of fun-with-numbers earning "beats"? :rolleyes: Dow 12,000, baaaaaby.:p

Upon devaluation, interest rate has to rise, like it or not. The Fed has to shore up confidence in a currency crisis just as it did during the banking crisis.

[touchring]

Re: Talk of dollar devaluation getting stronger by the day.

http://www.bloomberg.com/apps/news?p...d=aPoUCijvAfCk

Devaluation now looks inevitable. Even the Chinese are giving up on the dollar and exchanging for gold!

[medved]

Re: Talk of dollar devaluation getting stronger by the day.

http://www.bloomberg.com/apps/news?p...d=aPoUCijvAfCk

Devaluation now looks inevitable. Even the Chinese are giving up on the dollar and exchanging for gold!

I am afraid, this talk is getting too loud with Bloomberg/MSM/Politico joining the choir. Together with the news like this http://www.itulip.com/forums/showpos...42&postcount=1 we may be due for a serious dollar bounce/gold drop. The Chinese would be really happy to see it.