I can't agree more, BUT makes me worried that the media is caught onto it.

The writing is on the wall. Here in the UK, in the last 6 months, there have been an increase in the amount of commercials on the television advertising to buy unwanted gold. I mean they are everywhere on every channel at all times of the day. Someone somewhere is using the financial situation to relieve people of gold they don't think they want or need. Very crafty.

I think the US is worried that if they lose the dollar as the global trading currency, the US will be little more than an afterthought in the international arena. What else to they have to offer the world besides invisible money and war? Their illusion is coming to an end, and pretty soon they wil be in no position to play the bully any longer. They'll be the laughing stock.

Originally posted by quackers
The writing is on the wall. Here in the UK, in the last 6 months, there have been an increase in the amount of commercials on the television advertising to buy unwanted gold. I mean they are everywhere on every channel at all times of the day. Someone somewhere is using the financial situation to relieve people of gold they don't think they want or need. Very crafty.

I think the US is worried that if they lose the dollar as the global trading currency, the US will be little more than an afterthought in the international arena. What else to they have to offer the world besides invisible money and war? Their illusion is coming to an end, and pretty soon they wil be in no position to play the bully any longer. They'll be the laughing stock.

Do you believe the UK will fare any better? Honest question. It's easy to point fingers at the US, but what exactly does the UK have to "offer the world" these days? True, they aren't as overtly aggressive as the "Yanks," but it seems to me the UK is a paper empire, built on hyper-financialization and sagging real estate...just like its old colony on the other side of the pond.

What I wish we could all tell is when this doom is going to hit. You know like is the dollar going to fail any time soon? How long do we think this process will take? I for one wish ats had a doom scale like the American terrorist threat scale. That would be nice, so I know the appropriate level of doom for the day and I can plan accordingly.

But really can a drop of .54% be that bad?
DXY

75.57

Change
-0.41 -0.54%

Would it have anything to do with gold? At the rate people seem to be buying it up, it cannot be that long. I was hearing the other day that Germany was requesting that the US return it's 3000 tons of gold reserves, and that they were just the beginning. Does the US even have their gold? Have they squandered away gold that did not even belong to them? Will Germany need to pull a DeGaulle only to find out the US has spent their gold on the Afghan war? Who knows, but it will be interesting to see.

Originally posted by ashnomadonte
But really can a drop of .54% be that bad?
DXY

75.57

Change
-0.41 -0.54%

But it's dropped from 89.62 just since March. That's 15 percent in around 9 months or an annual rate of 20%. A currency dropping at an annual rate of 20% is DRT. Dead Right There.

Originally posted by eldard

The inability of the Fed to raise rates along with the rest of the world is more bad news for the flagging dollar, and investors everywhere should pay attention.

All the FED has to do is allow the 100s of billion$ that the banks have on hand to be circulated in the open markets.

right now all these banks have the FED supplied monies sequestered within the Bank-Fed. closed-circuit... where the banks borrow from the Fed at .25% then buy Treasuries at 3-4% and have a guaranteed income flow from the ~interest spread~ arrangement, so as o build up the various banks balance sheets.

in an Overnight instant, the FED could tell the banks to release all those 100s of billion$ into the public markets, which would renew the credit rate/interest rate expansions ...

The FED has their hand on the economic spigot, and right now the money Tap is only dripping enough to keep strategic entities from bankruptcy...
at the FEDs whim, the money will flow again and we will return to the old predatory madness that's out-in-the-open instead of the covert manipulations of culling the small & local/regional banks from the power structure.

[edit on 14-10-2009 by St Udio]