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(EU) Authorities lose patience with collapsing dollar

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posted on Apr, 20 2008 @ 10:24 AM
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(EU) Authorities lose patience with collapsing dollar


www.telegraph.co.uk

Jean-Claude Juncker, the EU's 'Mr Euro', has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds. David Woo, currency chief at Barclays Capital, said the Europeans and Americans are talking past each other. Whatever the G7 wording, Washington is happy to watch the dollar slide. "They are not going to worry unless there is a knock-on effect on US equity or bond prices. So far that hasn't happened. There are no signs that the dollar decline has turned disorderly," he said

(visit the link for the full news article)




posted on Apr, 20 2008 @ 10:24 AM
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Matters could get out of hand unless America took steps to halt the slide in the dollar". Is it because we are printing too much money?



www.telegraph.co.uk
(visit the link for the full news article)



posted on Apr, 20 2008 @ 10:31 AM
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This article came to mind.

Ron Paul slams Federal Reserve as US money printing de-stabilize world


Texas Congressman Ron Paul has slammed the Federal Reserve for printing money to manipulate interest rates and undermining the salaries of workers and savings of older people.


From my understanding, please correct me if Im wrong. Europe has every right to be concerned.
The US prints more dollars undervalueing those already in circulation as the new money is not based on any assets or value. So do the US wins at the expense of anyone holding dollars?

Is this is what is causing the slide of the dollars value?



posted on Apr, 20 2008 @ 11:53 AM
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Very interesting article, thanks for the posting.

The most important elements are actually about what the weakening dollar is doing to the Euro and European competitiveness.

To wit: foreign investment in the Euro zone is drying up; since the dollar is still the world reserve currency--meaning goods are still mostly traded in dollars--corporations are pulling out of the Euro-zone countries and moving their plants to the dollar zone, where they can avoid the "Euro tax" of having their goods priced it high-value Euros. Ironic twist that paradoxically will benefit the dollar and the US economy in the longer term.

Second, the high Euro is putting strain on the underperforming economies of the bloc--notably Spain, Greece and Ireland, who are seeing their debt rise alarmingly as the high cost of doing business with the strong Euro cuts deeply into their trade. So you are seeing a north/south cleavage in the currency that the ECB is having increasing difficulty in papering over.

If the Euro continues to remain strong--i.e., if China and the ME oil producers continue to shift their money from US treasuries to Eurobonds--this will only create further strain on the cohesion of the Euro zone and widen disparities in competitiveness and the financial health of its member states.

So, the Euro may well fall victim of its own success and the whole experiment come unglued. You might see a complete fracture, or individual countries dropping out of the Euro to save their economies.

In the end, unforeseen strains due to ignored fundamentals--Germany and Greece sharing the same currency is after all absurd on its face--may well destroy the Euro and deeper European integration.

Major NWO setback in the offing, if so inclined to think in those terms.



posted on Apr, 20 2008 @ 12:17 PM
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reply to post by Master_Wii
 


this is all planned, ...the wealthy of the world, have over the years been buying precious metals and commodities. they will do very well, as currency de-values, they become richer. pretty simple economics really, and for the wealthy its a win-win. as regular people become more poor, those people will seek out any job even if it pays less. the wealthy will gain on the regular people being paid less and thus more desperate. really, really poor people will die off, which to the wealthy is fine, far less productive and of no use. this leaves the remaining poor enough to keep working. actually, this is how it has worked for most of human history. and people now are SHOCKED!! YES...SHOCKED!!!! . ok, i'll ask a simple question.... why were representative governments formed? TO PROTECT THE GENERAL POPULACE FROM THE WEALTHY!!!! even our censored history books will give you this information, if you actually read and understand the darn things.



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