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RED ALERT: FX Dislocation In Process

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posted on Feb, 17 2009 @ 01:51 PM
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reply to post by The Vagabond
 


To be honest. Nobody. At least not yet.

America is still vastly superior in that respect to everyone else on the planet.
Often times people look at the ground conflicts that we have waged recently as an indicator of our military strength. However, if THAT were to happen, we wouldn't conduct our business as usual type warfare. It would be devastating.

That being said, I'm still waiting for China to dump the dollar. Just not yet. They need to buy some more stuff first.




posted on Feb, 17 2009 @ 01:55 PM
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Regarding this situation, the St. Louis Fed chief just released this statement:
hosted.ap.org...

Fed's Bullard warns of deflation By JEANNINE AVERSA AP Economics Writer Advertisement Buy AP Photo Reprints Interactive Multimedia Bios: Key Players on the Fed Your Questions Answered Ask AP: State stimulus plans, buying Iraq's oil WASHINGTON (AP) -- With the economy spinning deeper into recession, the country might suffer a dangerous bout of falling prices, or deflation, a Federal Reserve official warned Tuesday. "I think we face some risk - at this point only a risk - of sustained deflation," James Bullard, president of the Federal Reserve Bank of St. Louis, said in a speech to the New York Association for Business Economics. A government report, released last month, showed that consumer prices tumbled in December, and inflation last year logged its smallest advance since the early 1950s, fanning new fears that the country may face a dangerous bout of deflation. Falling prices sound like a gift at first - at least to consumers. But a widespread and prolonged decline can wreak more havoc on the economy, dragging down Americans' wages, and clobbering already-stricken home and stock prices. Dropping prices already are hurting businesses' profits, forcing them to slice capital investments and lay off workers. "Ongoing deflation in the United States might be particularly pernicious," Bullard said. To fend off any deflationary threat, the Fed is expected to hold its key interest rate at a record low for the rest of this year. America's last serious case of deflation was during the Great Depression in the 1930s. Japan was gripped with a period of deflation during the 1990s, and it took a decade for that country to overcome those problems. "In some ways, our current environment parallels the Japanese experience after 1990," Bullard said. "The Japanese banking system encountered difficulties with 'troubled assets' and the intermediation system broke down. That is an experience that neither we, nor the rest of the world's economies, want to repeat."


Apparently, the Fed is still more worried about DEFLATION, NOT INFLATION. You know what that means. This is another signal that more "bailout/stimulus" bills are a possibility, since they obviously don't believe the last two added significantly to the inflation threat, balanced against deflationary pressures.
Translation: The Fed is as much as admitting that we are headed into a depression, if not already in one. They aren't using the "D" word, but let's face it, they called it that, in so many other words.



posted on Feb, 17 2009 @ 02:04 PM
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There is a very good video with Howard Davidowitz, chairman of Davidowitz & Associates, who believes American's standard of living is undergoing a "permanent change" - and not for the better as a result of:

* An $8 trillion negative wealth effect from declining home values.
* A $10 trillion negative wealth effect from weakened capital markets.
* A $14 trillion consumer debt load amid "exploding unemployment", leading to "exploding bankruptcies."
Here is the link to the full article and the video(it's not youtube or Google video:

finance.yahoo.com...
The video is about 5 minutes, and worth watching.



posted on Feb, 17 2009 @ 02:20 PM
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I can has groceries!



posted on Feb, 17 2009 @ 02:22 PM
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If all the other currencies are short falling against the dollar,and world markets drop accordingly.There will be many countries in an insolvent depression.Who are they going to blame for this currency manipulation?

The U.S. that's who. This actually looks like a concerted effort to make the U.S. the one at fault.

If all this information we are getting leads to a collapse of the Euro/Asian economies,war will be just on the horizon.

I wonder if this is tied to the same people that made the electronic money market run on the Fed on sept.15 2008? 550 billion was pulled out in less than two hours.



posted on Feb, 17 2009 @ 02:35 PM
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Originally posted by Jay-in-AR
reply to post by The Vagabond
 


To be honest. Nobody. At least not yet.

America is still vastly superior in that respect to everyone else on the planet.
Often times people look at the ground conflicts that we have waged recently as an indicator of our military strength. However, if THAT were to happen, we wouldn't conduct our business as usual type warfare. It would be devastating.

That being said, I'm still waiting for China to dump the dollar. Just not yet. They need to buy some more stuff first.

perhaps China needs a bit more dollars so they can buy depreciated US assets? It would be a smart move. gathering maximum USD to grab more chunks of the US economy. That would explain USD increase.
By the way it s the only solution to solve the debt of USA beside hyperinflation ( that no one wants). The only way for China to erase the risk of loosing everything if the USD collapse.

[edit on 17-2-2009 by seb118]



posted on Feb, 17 2009 @ 02:39 PM
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Surprisingly, the market is having a bit of a rally over the signing of the stimulus bill.

It has regained over 70 points (Dow) and about 8 on the S&P

When the bailout passed, the markets tanked.

Now I wonder if the manipulation in currencies last night was to provide funding for the perfectly timed reverse in the market.

20 min to closing bell.



posted on Feb, 17 2009 @ 02:42 PM
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deleted double post

[edit on 2/17/09 by redhatty]



posted on Feb, 17 2009 @ 02:44 PM
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So basically this means either three things when added all together.

(1). One step closer to a major depression?

(2). One step closer to getting out of this mess?

(3). First step to a major global conflict via warfare?



posted on Feb, 17 2009 @ 02:46 PM
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reply to post by reugen
 


The top 2 ...sorry...i didn't specify...

Austria & Sweden put alot of $ into Eastern Europe...looks like their going down...fragging the rest with them...



posted on Feb, 17 2009 @ 02:47 PM
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reply to post by redhatty
 


I think it is false hope, the spending bill is just that, a false hope.

Well see if the S&P stays below 800 at closing.



posted on Feb, 17 2009 @ 02:49 PM
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Originally posted by TaZCoN
I have no idea what they are saying...but the guys on Karl Denningers forum
are seriously freaking out.

Talking as if global financial meltdown is indeed in progress.

Sorry if this is against the rules but here is the link

What the **** is going on with Currencies?!


Forum is LOCKED... bad looking for US



posted on Feb, 17 2009 @ 02:49 PM
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reply to post by daddyroo45
 





If all this information we are getting leads to a collapse of the Euro/Asian economies,war will be just on the horizon.

War with whom?
If those economies fail, they won't have enough money to conduct a war.



posted on Feb, 17 2009 @ 02:52 PM
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reply to post by ProfEmeritus
 


They will still find a way to conduct a war. Be it for food, wealth, or land.



posted on Feb, 17 2009 @ 02:54 PM
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www.telegraph.co.uk...



The mushrooming crisis has already started to spill over into Germany's debt markets, lifting credit default swaps on German five-year bonds to a record 70 basis points. The gap between French and German CDS spreads has narrowed abruptly for the first time since the credit crisis began.


Well, looks like we are starting to see the effects already.



posted on Feb, 17 2009 @ 02:54 PM
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reply to post by daddyroo45
 


That's what put this into overdrive..."Shadow Bankers" trying to get their $ for our National Debt payment that was due, and heisted back in 2003...see my matrix thread...



posted on Feb, 17 2009 @ 02:57 PM
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reply to post by Power_Semi
 


Yep that is a scary looking chart.

Most people still have not let go of the consumer economy worldview.

Its a whole new economy and it will be interesting to see who comes out on top.

The founder of Starbucks sees this....and his answer is instant coffee...lol.

[edit on 17-2-2009 by whiteraven]



posted on Feb, 17 2009 @ 02:59 PM
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Here is my daily market info here

www.abovetopsecret.com...

I also reference this thread. Feel free to check it out and plug in your own info on the market



posted on Feb, 17 2009 @ 02:59 PM
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The dollar rallied today on the currency markets. Every other economy in the world is going into the dumps except this one for now. People see the best place to have currency is in the USD....for today at least.



posted on Feb, 17 2009 @ 02:59 PM
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Yup the Dow is down 280 points. Nearly at the November lows. It'll probably go even lower tomorrow if this FX business keeps going.

Any takers on a possible 7000 or below on the Dow?



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