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View Full Version : Bubble watch: The U.S. dollar



LETMYSILVERGO
30th October 2008, 23:03
http://www.theglobeandmail.com/servlet/story/RTGAM.20081029.WBmarkets20081029110936/WBStory/WBmarkets

THIS GUY END ARTLCLE WITH """THE DOLLAR IS KING AGAIN WITH THE PM FOLKS COME TO THEIR SENSES...WHAT A GUY OR GIRL....YIKES!!!

There is always a bubble somewhere, and these days it looks as though the U.S. dollar is being pumped up to a level that is looking increasingly bizarre. Wednesday was a notable exception, when the Canadian dollar rose 2.7 cents (U.S.) against the greenback, to 81.2 cents. But since the end of September, the loonie has fallen 16 per cent. Other currencies, including the euro, have been similarly decimated.

The U.S. dollar was on hard times until recently, pummelled by the slowing economy, massive deficits and concerns that the financial sector was done. Its resurgence is being explained by a rush to safety, as investors around the world buy U.S. dollars to protect themselves from meltdowns like the one seen in Iceland.

“Of course, as more money comes flooding into the U.S. dollar the better it does, and the better it does the more money comes in, and the more hot money (read: hedge funds) follows it,” said Paul Kedrosky, author of the Infectious Greed blog, writing on The Daily Beast.

He believes that this rush in the U.S. dollar, like other rushes, will end badly – though these trends tend to run longer than you might expect.

“A good guess for when the end might come?” he said. “Sometime in the next few months when arriviste gold bugs, who bought the precious metal over the last six months in anticipation of a dollar collapse, give up on gold and accept that the dollar is once again king.”

research24
31st October 2008, 06:45
CBs will not allow the dollar to go too high because it will wreck too many other currencies and give George Soros (the great humanist pretender) a chance to make a killing wrecking other peoples lives with currency speculation.

You'd do well to educate yourself about currency swaps and how they're being used to manage the dollar. And how the G-7 is doing everything in its power to crush the yen and keep the carry trade going so japan can continue destroying our industries with imports.

Kelly
31st October 2008, 09:00
You'd do well to educate yourself about currency swaps and how they're being used to manage the dollar. And how the G-7 is doing everything in its power to crush the yen and keep the carry trade going so japan can continue destroying our industries with imports.

I truly have to wonder how many people on this forum are actually aware of how many foreign based corporations the Wall Street biggies now own considerable shares in. And the reverse is also true. A huge number of blue chip comapanies that were born in America and still retain their American names and are identified as American, are actually owned lock, stock and barrel by foreign corporations.

The citizens of America think like people who are fully vested in the identity of this country, but Wall Street and the major corporations by in large have no more loyalty to America than they do to Japan, China or a company operating in the EU.

In their minds these people have absolutely no bounderies or borders; the whole world is their playground. This is why we see such a big diconnect between Wall Street and the people. This is why big business and Washington DC supports the WTO, while the average worker despises what is going on.

The big businees community doesn't think like an American does anymore, because they literally no longer consider themselves just an American. They have ties and business interests in every part of the world, and most likely the spend as much time residing in a foreign nation as they do in America. The only thing that qualifies them as an American is their birth certificate. That's it.

This is why the economic crises threatens the whole world today. It's because big business and banking are no longer loyal to or operate in any one single nation.

This is why people who think like many folks on this forum; people who used to be called "patriots," are now being derogatorily referred to as "isolationists."