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IPFS News Link • Federal Reserve

Currencies Trading All Over the Map

• Washington Post
Currencies including the dollar and the euro have entered a period of extreme volatility that is hindering global commerce and adding further uncertainty to a world economy facing its worst downturn in decades.

1 Comments in Response to

Comment by PureTrust
Entered on:
I have heard over the years that the volume traded on the Forex daily is in the rang of $1.5 trillion. Lately I have heard that it is up to $3.5 to $4 trillion - per day, probably in part because of the declining US dollar.
What other factors figure in - besides a declining US dollar?
Is the fact of an international Internet and ease-of-getting a Forex account part of it?
Is this a sign that the advances in economic control worldwide, made by the International Monetary Fund and/or its predecessors over the last 100 years, is about to collapse?
If the people in the US can no longer rely on foreign-made goods because of poor international money relations, will we be able to start over, re-manufacturing everything for ourselves?
If a true and final money collapse is sudden, will there be a real emergency situation where the US will really fall under dictatorship through the Emergency Powers Act?
Should we trust anybody who seems to have an answer to the money problem?



PurePatriot