When will we see the dollar crash? DXY 75? 70?

Ron Paul said that we are already in the 20% region for unemployment..
Shadow stats verifies that as well. Mark Faber says he expects the dollar to strengthen over the next few months. So we could have the same situation this fall/winter like we had last year... the dollar could strengthen.. If that happens Gold and silver should fall. I am hoping this is the case because I will be ready to purchase around Christmas time.. But who knows.... things could go the exact opposite this time.. what will crash the dollar is when the foreigners decide they do not want or mass printed FRN's..

The value would have to reach, zero....Remember it is private funds..OK
Good people do Good deeds
and are no respecter of person

I can only think of 2 occupations that have been better at predicting the future than they were 50 years go;
Hurricane forecasters and,,,
Obstetricians. { Baby doctors}
They're better at predicting the future because of technology that wasn't available 50 years ago.

I have met a famous Obstetrician and for over 30 years he has been a solid Gold Bug. So, I'm sticking to his long term predictions and holding on to Gold!

Oh yes, his name is Ron Paul !

{ snip } The U.S. dollar's value is tied to these currencies:

US Dollar Index (USD)

The U.S. Dollar Index® is computed using a trade-weighted geometric average of six currencies. The six currencies and their trade weights are:

Euro 57.6 %

Japan/yen 13.6 %

UK/pound 11.9 %

Canada/dollar 9.1 %

Sweden/krona 4.2 %

Switzerland/franc 3.6 %

These contract specifications are subject to change. Please consult the FINEX if you have any questions.{ end snip }

These currencies are supposed to get their value by how stable the country issuing the currency's total economic outlook is and by supply and demand factors from FOREX traders and other central bankers.

Unfortunately, the U.S. began backing a large portion of their dollars with the U.S. dollar value of real estate. When the real estate lost value because of faulty loans the U.S. dollar should have crashed. But it only went down to about 70 on the FOREX exchange and for the last several months the value has been propped up apparently by TARP money buying more stable assets. {??}

In my opinion, Gold is the most stable of all assets and if a central bank such as Zimbabwe starts to make their currency redeemable in Gold,,,watch out,, because once this currency produces a certain amount of stability for Zimbabwe, other central banks may follow suit and a rush out of dollars could cause the U.S. dollar to lose much more value than it already has. { estimated 96% since 1913 }

Get rich quick schemes are nothing but a gamble, in my opinion, and if I want to gamble I'll go to Reno, thank you.

DXY was already sub 75 and even hit in 70.something in early 2008 ... you will see it resume downtrend .. it is already doing so ... remember it was at 71/70 before all these companies started failing and the bailouts started lol

imagine what will happen once those trillions of inflation hit the market lol ... *1942 dive bomber sound* sschwwoooom ... bye bye dollar say hello to 35 30

I don't expect the dollar fall any time soon. With a little study it is easy to understand that what is happening is foreign collaborative central banks are buying up dollars and depositing them at the IMF in exchange for SDR's. This removes FRNs from circulation maintaining demand for FRNs on the market. This is being done to create a new world currency. SDR's are the wave of the future. There is no Amero on the horizon. The FRN is going to be replaced, the Federal Reserve is going to fall, and then of course all those working for the Federal Reserve will be hired to work at the IMF, since they are highly qualified and only with their expertise can it work.
grant

They have to cull the masses, before a banking collapse happens.

Think about the logistics for a moment !

The dollar almost slipped below 70 over a year a go, when Henry Paulson and the plunge protection team stepped in.

The dollar index is not reflective of real numbers ever since that time.

Remember, "the dollar" is measured against a basket of other fiat currencies. If that other paper is even weaker than Federal Reserve notes, "the dollar" will rise.

A far better measure of FRN strength is the price of gold.

But "the dollar" is not doing so hot of late. It's dropped from around 90 to around 78 over the last few months.

Well, if I'm remembering correctly, black Friday got its name due to that being around the time where many/most retailers got out of the red and became profitable for the year. So that means 1 month is basically responsible for many of our retailers even having profits at all. I wonder if this year main retailers will still be operating in the red far beyond black Friday...

After the bankers are done looting the world of it's wealth, the dollar will sink like a stone. They are all paid in dollars, so they will make sure to prop up the dollar until they are through using it.

I heard this from a talking head...

Apparently everyone is so down on the dollar right now that it is over shorted. So even if the dollar is destined down in the long term it looks like a bunch of short sellers will temporarily push up the dollar so that they can cover becase the dollar has not fallen as fast as they expected.

The banks can not force feed a system that does not want what they offer...There is no market for FRNs ..This is what is keeping down inflation....This is driving the economy to correct itself.
Good people do Good deeds
and are no respecter of person

Fortune Favors the Bold

I think this is very hard to predict. Your question reminded me of a book i read called "Against Empire." The thing is, humans seem to organize economically in such a way that there is always a small group or individual at the top who gets the lion's share of the resources. I think this happens for basically the same reason people prefer monopoly governments (as oppossed to competing governments). It creates order.

Think about it. In a primitive medieval type society, the king is like the gold standard. Anything that the king values, will also have value in the eyes of others, because the king will always be able to pay.

I think it is this phenomenon, and fear of the alernative, that maintains the world financial order.