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View Full Version : How Low Can The Dollar Drop???


LETMYSILVERGO
21st March 2009, 10:46
Myself ,i Have No Idea

What Do You Think It Will Or Can Fall To, Thanks Ross
LETMYSILVERGO
21st March 2009, 10:49
I Think I See My Grandad In That Picture--- No Wonder I Come From A Family With No Freeking Money !!!!!!!!!!!!!!!!!!!!!!!!!
The Gov... Never Gave It Back--bastards
cabtrom
21st March 2009, 10:52
I have been thinking about that. I was thinking that the government doesnt care what the dollar is worth because they can provide everything for us so what does it mater. Food, clothing, healthcare, housing, schools, and energy have basically been taken over by the government so who cares how much the dollar is worth? they will simply distribute it at their discrestion and we will be one big happy collective family whooot!
Ancona
21st March 2009, 11:07
A dollar has zero intrinsic value. It's "value" is derived from the confidence in the rest of the world that accepts these "notes" as a promise that they can be redeemed later for goods and services. They are nothing more than I.O.U's, a promise for some amount of work at a later time. Federal Reserve Notes are actually an encumbrance on your productivity.

Silver however, has no encumbrance and is only promised if you do so yourself.
PSUDave
21st March 2009, 11:23
Myself ,i Have No Idea

What Do You Think It Will Or Can Fall To, Thanks Ross

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JesterJay
21st March 2009, 11:50
Perhaps less,
You know,
"I'll take those FRNs off your hands, but it's gonna cost you 2 ounces of silver."
Hey, it's expensive to have the trash taken away!
JesterJay



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Katwoman
21st March 2009, 11:52
I vote for 1 to the nth times!!
rstu324
21st March 2009, 12:02
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LETMYSILVERGO
21st March 2009, 12:15
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WTF --- THIS GUY MUST NEED TO SELL SOMETHING SO HE CAN BUY SOME SILVER--

OK WEB-MASTER BLAST THIS GUY
LETMYSILVERGO
21st March 2009, 12:19
Dear Kat Women , Where U Talking About The Dollar To The Negative 9, Like -- The Term "nano-dollar" ---negative 12 = Pico-dollar.

If Has A Nice Ring To It---

But It Will Most Likely Be The Other Way, " That Will Be One Mega-dollar For The Fries- Thanks" " You Want Fries, With Those Fries??"
Katwoman
21st March 2009, 12:52
No I was thinking how low, in how little purchasing power, so that you would need a trillion dollars to buy a Big Mac to go with the fries! All this spending of big money by the government is just preparing us for the denominations we will soon be using in our daily lives.
duneyman
21st March 2009, 15:37
No I was thinking how low, in how little purchasing power, so that you would need a trillion dollars to buy a Big Mac to go with the fries! All this spending of big money by the government is just preparing us for the denominations we will soon be using in our daily lives.


Am I missing something here ? The dollar has risen quite a bit since last summer. It slipped last week but rebounded on Friday. To 90 !
cugir321
21st March 2009, 15:42
Yes you are.....missing quite a bit. You're eyes. Take another look cowboy.


Am I missing something here ? The dollar has risen quite a bit since last summer. It slipped last week but rebounded on Friday. To 90 !
Homer
21st March 2009, 16:11
Last July the Dollar index was around 72-74.
cugir321
21st March 2009, 16:57
It was 5 points higher a month ago. So.....the dollar is tied to all currencies.
Last July the Dollar index was around 72-74.

T
akak
21st March 2009, 18:20
About as low as Bush's standing and reputation as a president.
Crashdyv
21st March 2009, 18:31
What i see on the USDX. Dollar was trading around 86.75 on the 18th. FED announced their buy of 1.2 trillion in paper stuff. Dollar dropped to about 85 right off. On the 19th the dollar traded lower, to around 83.25, and since then has traded upward a little to about 84.40 as of saturday evening.

What it will do from here is the question. Foreign currencies being debased drives the dollar higher. Further debasing the dollar will drive it lower.

China has been making a lot of unhappy sounds. So have other nations. If they dump treasuries the dollar will die quickly.
valerb@bellsouth.net
22nd March 2009, 01:44
About as low as Bush's standing and reputation as a president.

Two months of Obama and Bush is starting to look better already.
valerb@bellsouth.net
22nd March 2009, 01:50
What i see on the USDX. Dollar was trading around 86.75 on the 18th. FED announced their buy of 1.2 trillion in paper stuff. Dollar dropped to about 85 right off. On the 19th the dollar traded lower, to around 83.25, and since then has traded upward a little to about 84.40 as of saturday evening.

What it will do from here is the question. Foreign currencies being debased drives the dollar higher. Further debasing the dollar will drive it lower.

China has been making a lot of unhappy sounds. So have other nations. If they dump treasuries the dollar will die quickly.

Other than the race to debase. What about the need for dollars to settle these derivative monsters?