US Dollar in free fall

Discussion in 'Stock Market' started by thereisnospoon, Apr 21, 2011.

  1. thereisnospoon
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    thereisnospoon Gold Member

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    News Headlines.
    For those of you who blame speculation on oil prices as the sole reason for the recent price spikes in gasoline, look no further than Capitol Hill and 1600 Pennsylvania Ave to point the finger. Oh you can add the Federal Reserve as well.
    Anything which ties it's value to the US Dollar will see huge price increases for the foreseeable future due to out of control government spending, an increasingly illogical domestic energy policy and the Federal Reserve's refusal to raise interest rates and take action to correct it's monetary policies.
     
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  2. JackDan
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    JackDan ooo-ooh that smell.

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    this spells trouble. gold, silver, nickel, copper, and all precious metals and commodities are going to keep going up. hopefully you have been moving your greenbacks into these categories.
     
  3. LordBrownTrout
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    LordBrownTrout Gold Member

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    Big time troubles are looming.
     
  4. Toro
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    Toro Diamond Member

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    The US peso.

    I will pedict this though. Sometime within the next 12-18 months there is going to be a violent rally in the dollar and precious metals are going to get hammered. But you should put zero credence in predictions.
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    Yeah and oil will crater too. Maybe just in time for the elections. Convenient.
     
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  6. JackDan
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    JackDan ooo-ooh that smell.

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    pretty much the US needs to cut all spending. shrink the government completely. Get rid of all the handouts to both people and big business. Cut the deficit. do it now. not just a little, all of it. This country needs to run like a business, and business can't survive in the red forever.

    This will never happen, but it is the only way to right the ship.
     
    Last edited: Apr 21, 2011
  7. JackDan
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    JackDan ooo-ooh that smell.

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    I could see it.
     
  8. LordBrownTrout
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    LordBrownTrout Gold Member

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    I'm starting my third company and this is the first time that I've ever had to worry/contemplate have contingency plans on a horrid dollar crash.
     
  9. william the wie
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    william the wie Gold Member

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    As best of the worst on unfunded liabilities the US dollar will eventually rally. The iron rice bowl of the Chinese housing bubble assures that, as China's export machine gets hurt by the declining dollar and China's own shrinking labor force the dollar will be forced up. Likewise with the EU.
     
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  10. signelect
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    signelect BANNED

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    When we start to elect businessmen and women to congress and elect presidents with real world experience where you have to understand basic economics we are going to continue down the road. Blame Bush all you like, we blamed Clinton, but now it's your turn again, wear it like a man.
     
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