The dollar has already started to fall.

Discussion in 'Economy' started by Bigfoot, Nov 7, 2012.

  1. Bigfoot
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    Bigfoot NRA

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  2. francoHFW
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    francoHFW Platinum Member

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    zzzzzzzzz
     
  3. Oddball
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    Oddball BANNED Supporting Member

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  4. Bigfoot
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    Bigfoot NRA

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    It's just the beginning. Anyone who has been responsible enough to plan for their future is still loosing money and it will likely continue now that some of you dumb shits elected such an ignorant bastard.
     
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    Last edited: Nov 7, 2012
  5. SniperFire
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    SniperFire Senior Member

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  6. LordBrownTrout
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    LordBrownTrout Gold Member

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    Currency debasement will escalate dramatically. We have massive debt that's rising. It's not going to be pretty. Factor in more QE's to provide temporary fixes....
     
  7. Wehrwolfen
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    Wehrwolfen Senior Member

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    Dollar falls broadly after Obama heads for re-election​




    reuters.com ^ | November 7, 201




    The dollar fell broadly in Asia on Wednesday as media projected U.S. President Barack Obama won a closely-fought election, ensuring that the Federal Reserve's quantitative easing will be in place.

    The Democrats look set to retain a majority in the Senate while the Republicans also appear to be solidifying their control of the House of Representatives, keeping intact the risk of policy paralysis over the looming "fiscal cliff" -- a sharp fiscal tightening due to start next year.

    "The Fed's quantitative easing is essentially a policy to cheapen the dollar. Republicans have been criticising the policy but it seems like that policy is likely to stay," said Yunosuke Ikeda, senior forex strategist at Nomura Securities.

    The dollar fell to as low as 79.81 yen, nearly a full yen below its four-month high of 80.68 yen hit last week, before bouncing back slightly to 80.14 yen, still down 0.3 percent on the day.

    An immediate support is seen at 79.275 yen, a low hit on October 30 right after the Bank of Japan's easing.

    The dollar's drop came as the 10-year U.S. Treasuries yield dropped seven basis points to as low as 1.68 percent.

    On top of Obama's support for quantitative easing, which Romney and many Republicans are opposed as a dangerous intervention that could stoke inflation, Obama's tougher stance on financial regulations is viewed as positive for bonds and negative for stocks.

    "After the election, the market will likely shift its focus to the fiscal cliff. It's not clear what Obama can achieve (to reduce the impact of the fiscal cliff)," said Junya Tanase, chief FX strategist at JPMorgan Chase.

    About $600 billion in government spending cuts and higher taxes will kick in early next year, unless U.S. lawmakers take steps to mitigate their impact.


    (Excerpt) Read more at
    Dollar falls broadly after Obama heads for re-election | Reuters
     
  8. Bigfoot
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    Bigfoot NRA

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    Yeah and the dollar was gaining ground, slightly but it was up. But of course 47% of the nation will never understand what it actually takes to plan for one's own future needs. As long as they can keep voting themselves free shit they will continue on a path to take us alll down with them.
     
  9. Nova78
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    Nova78 Silver Member

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    No problem, Obama will look deep up his ass and pull out a few more trillion ,further diluting the dollar,Greece, here we come........

    $120212-athens-hmed-12p_grid-6x2.jpg

    $1180156_f496.jpg

    $c7e8c23043ed4572b44e6ea1bab1ff06.jpg
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Oh no no no! That doesn't mean that the Dollar is worth less, it just means that Gold is worth more. There's no connection between the two. :uhoh3:

    Gold is just a commodity to be bought and sold. Toro will be along shortly to explain that to you!
     
    Last edited: Nov 7, 2012

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