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What happens when the U.S. dollar goes below 73???

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posted on Apr, 20 2011 @ 09:47 PM
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I don't quite understand economics and wonder what happens when it drops below 73 its all most there now




posted on Apr, 20 2011 @ 09:52 PM
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reply to post by alchemist2012
 


Go to a gasoline station and watch the attendant come out every few hours to raise the price of fuel. As the dollar index gets lower, see how said attendant comes out to raise prices more frequently.



posted on Apr, 20 2011 @ 09:54 PM
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The reason i ask is because its flirting with 73 as we speak



posted on Apr, 20 2011 @ 09:55 PM
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TSHTF.

Also known as: Fun For The Rest Of Us (FFTROU)



posted on Apr, 20 2011 @ 09:57 PM
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Originally posted by alchemist2012
I don't quite understand economics and wonder what happens when it drops below 73 its all most there now



I don't know for sure but take your pick:

1- An earthquake
2- A hurricane
3- A new disease outbreak
4- An attack on the internet
5- Another war

Good news is though it will have to drop a bit lower than that for an all out major False Flag.



posted on Apr, 20 2011 @ 09:59 PM
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Invade Canada and Australia.



posted on Apr, 20 2011 @ 10:03 PM
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Really guys what happens i hear people screaming 73 is when the SHTF



posted on Apr, 20 2011 @ 10:06 PM
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reply to post by alchemist2012
 


Really.

I was being serious.



posted on Apr, 20 2011 @ 10:07 PM
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My guess would be a rise in gas, food, ect....Inflation maybe? Basically everything costs more because the value of the dollar isnt worth as much the day before.

Heres the chart Ive been following on the dollar index.

www.bloomberg.com...:IND



More detailed charts in the link above

Edit - I think back in 2008, the dollar was around 71.
edit on 20-4-2011 by buni11687 because: (no reason given)



posted on Apr, 20 2011 @ 10:14 PM
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Okay, take a deep breath. The world isn't over (yet).

It has flirted with the "73" value before. Of course, that was in mid-2008, when the recession started.

I do think it will continue to go down. The downgrading of our status to "negative", the nearness of the debt ceiling being reached, the QE2/QE3 issue, BRICS meetings, etc., are all combining to make for a very bumpy ride. If those "running" things (and I use that term loosely) don't change things, and within the next month or two, then TSWHTF, for real.

And the dollar index will fall like a drunk that just got kicked out of a bar.

Might want to start making some gold, there, Alchemist.

edit on 20-4-2011 by notsofunnyguy because: (no reason given)



posted on Apr, 20 2011 @ 10:16 PM
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reply to post by buni11687
 


Has anyone taken the time to review the related stock market chart from where it was and going before the Iraq invasion and then afterward?

It's more than a little revealing.

My point being when economic things go south, 'disaster capitalism' rears it's ugly head.

You may think I'm kidding, I would simply say be prepared.



posted on Apr, 20 2011 @ 10:19 PM
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reply to post by Tecumte
 


I havent seen the charts leading up to the invasion. The furthest Ive seen back is 5 years. Ill look for a site that has the lead up to the invasion on it.

And yes, bad economy = followed by war, sometimes



posted on Apr, 20 2011 @ 10:25 PM
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reply to post by alchemist2012
 


the lower the dollar goes the more dollars will be invested in America. and we are pretty damn close to the bottom- but dont get yuppiedy ok, there is one more down draft to finally cause a capitulation. and that will be bottom. and a new economic system will crank up and away we go. another 40 - 50 yr cycle. but each cycle we lose more and more of our freedoms ... thats the common denominator... no punt intended.



posted on Apr, 20 2011 @ 10:37 PM
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Repeat of summer 2008, just without the safety nets they had back then, I would think.

Hard to say because this partiucular combination is kind of uncharted territory. Never before has the dollar been collapsing, the economy in the middle of a full blown recession (as opposed to entering one), gas prices through the roof before the devaluation, AND the main creditors of the US so uppity all at the same time.



posted on Apr, 20 2011 @ 10:39 PM
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More of what we already have.. Inflation, rediculous interest rates, inflation, more rediculous interest rates, more inflation.

It is all part of the plan.. It's a crap plan, for you and me, but the rich will come out smelling like roses, as usual. So will the corporations... So basically it's business as usual.

The wealthy are busily shifting liquid assets to hard assets, the corps are seeing increasing export potential and raising prices at home. In the end, when we recover, you'll have lost most of your assets (to the corps you purchase over priced garbage from) and when you go to buy new garbage, the rich will be happy to take their handsom profits out of your survival.

Perhaps then, 0.5% can hold 99.3% of the wealth.



posted on Apr, 20 2011 @ 10:54 PM
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Originally posted by buni11687
reply to post by Tecumte
 


I havent seen the charts leading up to the invasion. The furthest Ive seen back is 5 years. Ill look for a site that has the lead up to the invasion on it.

And yes, bad economy = followed by war, sometimes


Not just war buni, we seem to be having an excess of that lately and though it has propped up things in the short term, we can see the potential long term effect.

Unfortunately, though some may not be ready to embrace it, 'disaster capitalism' has evolved way past where war is the only method, and we now have some much more high tech methods and toys to employ for keeping 'The Game' alive.



posted on Apr, 20 2011 @ 10:55 PM
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Originally posted by alchemist2012
Really guys what happens i hear people screaming 73 is when the SHTF


Mmm nope. It's been down to 71 in the past 5 years, and when the economy crashed the Dollar was technically "strong". Currently we are about where we were in November 2009.

The thing to worry about with such a weak currency is inflation of goods prices and commodities.




posted on Apr, 21 2011 @ 07:03 AM
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-->And all of this building chaos and confusion that is headed full steam our way is taking place against a back drop of the systematic take down of the economy of the USA, for several decades now the largest economy in the world. Recent headlines foretell the coming collapse of the American system with surprising forthrightness.

That loud creaking and cracking sound you can hear gaining intensity in the middle distance is soon to become a thunderous roar as the whole fake, criminally corrupt system known as The American Way spectacularly crashes to Earth. Are you ready for that? Because the ripple effects will be felt widely, all over the world.

Look, I'm not telling you anything radical or seditious here. I'm calling it like it is, straight down the middle. Trouble is on the way and it will hit you hard, real hard, you and most everyone else you know and care about. Privation and deprivation are coming to those who have never ever experienced lack in their lives, who have never wanted for anything.

Amazingly, even with all of these in-your-face headlines and warnings of the economic tsunami that is imminently going to slam the global system, there are still people who just do not get it. One man I know recently mentioned to me that the world situation seemed to him as though it were “just the usual madness.”

It seems that some people are so deeply asleep that, even if they were to be slugged hard between the eyes with a two by four, they still just would not get it. In the immortal words of Forest Gump, “Stupid is as stupid does.”

eventhorizonchronicle.blogspot.com...
edit on 21-4-2011 by Tecumte because: link added



posted on Apr, 21 2011 @ 07:15 AM
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I remember an interview with Bob Chapman stating that once it goes below 74 it will fall like a rock to the the mid 50's and hover there for a while. That was in late 2008 or so. Looks like that is happening now.



posted on Apr, 21 2011 @ 09:06 AM
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reply to post by 2ndFUTURE
 


Its a moving target. that took me a long time to learn. its all on a floating point.
the markets in a nut shell...
Greener Pasturers Promises... as we all know when stuff goes down you dont want to buy anything because you think its going further down. on the rise you think it will fall... the trick is to provide you with an illusion of your own making. to make a decision to move to greener pasturers.

now if everything is an illusion - where does the rubber meet the road... ? it meets the road on the Weekly Stochastic... it tells you the season the stock is in and never try to buy bottom or short a top... and you should do ok overall, the market will let you win 8 times out of 10 but the two you lose on makes up for the 8 winners.
that is why I use the 5% rule. I refuse to take a loss. if all appears normal I might take upto a 5% hit.. but no more. 5% easy to make up.... 50% is unrecoverable. as it takes 100% just to break even.



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