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Bitcoin Cash: $ USD
"I placed a big order that was $325,000, basically my wife's entire IRA. Now we've spent the last two years checking with Jim [Burg], trying to find out, where is our gold?"
There are only two choices to stop the dollar from the waterfall decline you and I have been talking about and expecting. Either the Fed raises interest rates, or politicians stop spending and it doesn't look like either one of those is about to...
At the current rate of collapse, in a few more days the dollar will take out all time lows. Currently holding at 73, after hitting 72.8 overnight, the DXY appears set to test the last support from when the dollar carry trade was all the rage...
With a subtle wave of his baton, the aspiring Maestro may have started the music for another round of Federal Reserve monetary easing.
Gold and silver are on fire to start the week, and obviously that means the dollar is sagging hard.
The reason for gold's ability to do well in any market lies in its recent role as a haven from concerns about the dollar, inflation and shocks in Europe, the Middle East and Japan.
So remarks Axel Merk, currency specialist and founder of the Merk Mutual Funds, who is perplexed by those waiting for additional warning signs to sell the dollar. In his view, we have all the evidence we need.
Thanks to a dollar in freefall as evidenced by a spike in the price of gold, always limited capital was migrating toward the hard, unproductive assets least vulnerable to currency devaluation.
Get rid of the dollar and all will be well. An "expert" says so.
This has a high probability of forcing corrective actions by The Fed, perhaps even before the futures market reopens Sunday night. The risk for The Fed and United States is that the dollar winds up gapping down by hundreds of pips...
Things are certainly speeding up, and it is my conclusion that we are not more than a year away from the next major financial and economic disruption.
We're in a contest for the ugliest currency; I don't think people are heavily position in euros. Most people still have 70-80% of their money in USD. Huge overhang of U.S. dollars globally.
To begin with, the US Government now employs cash-sniffing dogs at most international airports. If you are carrying more than $10,000 in cash and don’t declare it to the Government when coming in or out of the US, your cash will be seized.
If the denomination of oil sales changes to another currency, such as the euro, many countries would sell dollars and cause the banks to shift their reserves, as they would no longer need dollars to buy oil. Forty years of petrodollars would start...
The currency which in 2011 has traded like anything but the world's reserve currency is less than 1 point away from 2009 lows. But that could be just the beginning. Citi's head of FX has released a not warning about the potential avalanche...
In March, Pimco's flagship Total Return Fund (TRF) has now taken an active short position in US government debt: -3% on a Market Value basis (or $7.1 billion), and a whopping -18% on a Duration Weighted Exposure basis.
Surely we would see a collapse of the dollar. The cost of everything we import would triple++ in a very short period of time. The price of gas would be $10? 50? 100?
In addition to the Federal Reserve, the politicians in Washington DC are spending money so quickly that the federal deficit for the first six months of this year has already eclipsed the first six months of last year by roughly 10% despite promises..
Somewhere, someone is furiously drafting the impeachment proceedings for Chairsatan Bernankebub and TurboTaxTinyTim.
"When a country's public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak.
In 10 months, the Dollar Index has lost 14% because the world keeps accumulating dollars it doesn’t want and sells them. Asian central banks are key.
We're very concerned. Europe's leaders need to try harder. Otherwise the whole world needs to get together to come up with a solution. Hey, what about some new international money?
The Federal government is trying to establish bartering private currency of any type as an illegal enterprise in a false interpretation of the court's recent conviction of Liberty Dollar's owner Bernard Von NotHaus. In a case where the governmen
Things are bad all over. With so much going on in the world, it's time for everybody to pull together and come up with a global solution. The world is inter-dependent after all. It is because we say it is.
But aside from the SDR eventually being forced upon us all, Stiglitz clearly wants to make the SDR the money of central bankers, now. Stiglitz, Geithner, Bernanke and the rest of crew know the days are limited for the dollar as the reserve currency
So there is this meeting in Nanjing where all countries but one are trying to figure out how to get rid of the USD as the world's major reserve currency, one country is trying to keep it's currency as the world's major reserve currency but have it...
I am confident that this country will default on its debt; not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies – inflation, currency devaluation...
Soros, up to his old tricks. This leftist billionaire should just go home.
The Swiss Franc, also a traditional safe-haven currency, has quietly made its way towards successive new records against the US Dollar.
As if the IMF's trillions in open lending facilities were not enough, we now learn that the world lender of last resort is about to activate a "Special Funding Pool" - Dow Jones explains: "The IMF is expected to soon activate a special funding pool..
