That is why I invest every spare $ and then some in ammo. It will be worth more than gold or silver shortly!
I'm your huckleberry! Help love the least of these. God-Water.org
[ame=http://www.youtube.com/watch?v=GFxZDTAXEhg]YouTube - Federal Reserve - Intentionally Causing Economic Crisis![/ame]
[ame=http://www.youtube.com/watch?v=cJqM2tFOxLQ]YouTube - High Quality Version: Is Anyone Minding the Store at the Federal Reserve?[/ame]
[ame=http://www.youtube.com/watch?v=bLCHWhmyn8w&feature=related]YouTube - Who owns the Federal Reserve?[/ame]
[ame=http://www.youtube.com/watch?v=A4kxTkhwR_Q]YouTube - Ron Paul 0wnz the Federal Reserve[/ame]
[ame=http://www.youtube.com/watch?v=hWC4fdC2w7k]YouTube - Eye Opener: Who Owns Federal Reserves? American Government?[/ame]
Ron Paul calls for fed audit,and then end it.
Ron Paul: What Has The Federal Reserve Done To Our Money? | Ron Paul .com
He has a nice chart on his website.It show what the dollar is worth from 1913 to current.In 1913 it was worth ...well one dollar.Today .04 cents. 86 cents of every dollar in circulation is actually debt.
And MCD's is going to start asking for Yen,or Eros soon.
FoxBusiness.com Live Reports on HR 1207, Ron Paul’s Bill to Audit the Federal Reserve | Ron Paul .com
This is a must watch vid that shows just how screwed the dollar is.7 Trillion in spending by the fed,with NO oversight.They even talk about how the 7 trillion is not even "taxpayer" money but money the fed printed out of thin air....that will not be paid back.It simply makes every other dollar on the planet worth less(nearly worthless as a point of fact).
Last edited by smokingman; 06-01-2009 at 01:27.
The primary driver of US dollar strength last year was fear of a global economic meltdown, and now that that fear is abating, the US dollar is in serious trouble. Panic-driven dollar buying has morphed into almost-panic-rate dollar selling, and it is now more than unwinding last year's flight to safety play. Sentiment has swung dramatically from wanting the safety of dollars, even at zero return, to being afraid of being caught holding dollars. The markets are genuinely nervous about what lies ahead for the dollar as the global economy recovers and the US has to continue to fund its massive deficits in a world of eventually rising interest rates. The US is the world's biggest debtor and has the most to lose if and when interest rates rise. So far, the Fed has done a miraculous job keeping interest rates at exceptionally low levels, but they can't keep this up forever and, as we discussed yesterday, the bond markets are already under pressure of rising long-term interest rates. We are now at the stage where the US dollar is feeling the pressure of rising interest rate expectations. The longer the Fed keeps flooding the market with dollars to keep short-term interest rates low, the lower the dollar is going to go. The questions soon to be on everyone's mind are: "Do the Fed and the US administration care about the dollar?" and furthermore: "How low are they prepared to let it fall?" I don't think anyone likes the probable answer to those questions at this time.
*source HoweStreet.com - The Source for Market Opinions
The Associated Press: Gold, other commodities soar as US dollar tumbles
Great video in the following article on CNBC.
UBS - Dangerous Conditions with Gold, Oil, and USD
Last edited by smokingman; 05-30-2009 at 04:40.
And more VERY bad news for the dollar.
Yen Advances Versus Dollar as GM Prepares to Declare Bankruptcy - Bloomberg.com
The Dollar Index fell the most in three weeks on concern the U.S. government will end with a 60 percent stake in GM, the world’s largest automaker for 77 years. The government is “a reluctant equity owner,” the Obama administration said yesterday in a statement.
GM intends to suspend production at an additional three factories, the administration said, without estimating how many jobs would be eliminated. The automaker has said it aims to cut its U.S. hourly workforce to about 40,000 next year from 61,000 at the end of last year.
The Dollar Index, used by the ICE to track the greenback against the euro, yen, pound, Swiss franc, Canadian dollar and Swedish krona, fell 1.6 percent to 79.112, the biggest decline since May 8.
The dollar dropped beyond $1.41 against the euro last week for the first time this year after the Congressional Budget Office projected the U.S. budget deficit would quadruple to about $1.8 trillion.
“The trend is for a decline in the dollar on the deteriorating quality of U.S. government debt,” said Susumu Kato, chief economist in Tokyo at Calyon Securities, the investment banking unit of Credit Agricole SA.
“The market is very skeptical of the growing budget deficit.”
The US dollar fell sharply against its major counterparts during Monday's early Asian trading as the stock markets across the Asian region are trading higher, reducing the appeal of the safe-haven greenback. The dollar tumbled to a new multi-month low against the pound.
This may become an almost daily thread as I do not see the slide stopping.Ill keep posting updates.
"Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s.
His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home.
Yep they laughed when the head of the US treasury said the dollar was safe.The other shoe is going to drop soon.
The complete article
Geithner reassures China over assets | Reuters
and US version
Geithner's Asia Background Shows During His China Trip - TIME
Currencies - Currency Converter & Latest Rates at CNNMoney.com
Dollar down against every currency in the world again this week.
On CNBC they are talking about the stock market hitting 20,000 because of the falling dollar and said "Of course it would be in worthless money".
CNBC Stock Blog ? Stock Market, Investing ? Currency Crisis Looming ? Don't Short the Market ? CNBC.com - CNBC Stock Blog - CNBC.com
Also of note Russia is getting out of the dollar as there reserve currency.
I was thinking about this the other day while listening to talk radio (Micheal Savage maybe) and my thought was if the SHTF, what the hell is gold and silver going to do me? How about food, guns, and ammo. I can eat and hunt with that stuff.
Originally Posted by redneckmedic