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Dollar plummets - Thank you Mr. Fed!

I can't believe how quickly the Dollar has fallen from it's gains. It lost 20 cents in less than a month vs the euro. 15 years erased vs the Yen...

Man, things are getting bad quick. All hale one world currency.

http://money.cnn.com/2008/12/16/markets/dollarwrite/?postver...



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You get what you pay for.

The media is hawking the brilliance of the Fed's move toward a 0% rate. The Fed has effectively told the world the dollar is worth NOTHING. FACT: There is no value in holding a dollar.

Consumer: Dear Mr. Banker how much interest will you give me on my account balance?

Banker: I will give you nothing. Nanda. Zip.

Consumer: Why?

Banker: Why should I pay you a nickle in interest when the government will loan me money for free! Look, I can borrow your tax dollars a 0% interest. I don't need you. As a matter of fact managing consumer's accounts is now a liability to my bank. I will need to raise your fees.

--
"A centralized government is no less corrupt than a centralized church."
- Brent R.

The bigger picture...

"Is that you can't spend your way out of debt."

Ron Paul

You can only work your way

You can only work your way out of debt. You have to produce tangible wealth (products, resources, food, etc.). This is the only way to truly pay off a debt.

Services can also be rendered, but this assumes that there are people wealthy enough to pay for services out of abundance of their physical wealth. We have enjoyed an unparalleled prosperity in this country in which all of us had such abundant wealth. We will all soon be getting a better picture of Reality soon, I think.

And a little savings...

If possible doesn't hurt the debt situation either.

Really, we should never have

Really, we should never have debt. It should be avoided at all costs. As the proverb says, "the borrower is the slave of the lender".

Instead, as you said, we should have savings so that when problems arise, we do not need to seek debt to survive.

Our current economic system is completely backward because it is entirely built upon debt.

People are just not getting it.

The media is completely failing in America.. I was watching Lou Dobbs the other night and he had a panelist say that the Fed lowering interest rates will help fight inflation... then after that panel Dobbs said he was going to bring on his 3 favorite radio hosts to figure out the economic mess... what the heck are radio hosts going to solve unless they are economists which they weren't...

failing?? they failed

failing?? they failed many decades ago!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

The dis-information is staggering

They say "It is a tool used by Japan earlier this decade to combat deflation and stimulate the economy"

But they fail to say that it was a complete and utter failure and decimated Japan's economy.

http://federalfallacy.com

Exactly. You simply cannot

Exactly. You simply cannot create wealth out of thin air. Essentially all wealth boils down to four basic things: food, water, clothing, and shelter. All of these things require work to procure and therefore have intrinsic value. Gold and silver have been used throughout history as currency for the same reasons and because they are relatively scarce and easier to trade.

Fiat currency is imaginary money, especially with a massive infusion of paper currency without any tangible asset with which to back it. This simply will show that our currency is based on nothing real and, like monopoly money, is only worth the value of the paper it is printed on. In this case though, since all of the money exists only in computer memory, it isn't even worth that.

And it is about to get much

And it is about to get much worse:

http://www.reuters.com/article/idUKTRE4BF68Q20081216

"The message is they're instituting quantitative easing on a fairly large scale," said Doug Roberts, chief investment strategist at Channel Capital Research.com.

The last trick from the FED did not stick

for long. Watch today-----the market is down, the dollar is going straight down. Where will it end up by the end of the week? Gold and silver headed straight up but of course not to where they should be in respect to the state of the world economy.

When you say the dollar has

When you say the dollar has fallen do you mean gained value or deflated?
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"We will never give up. We will never give in." - Dr. Ron Paul

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"We will never give up. We will never give in." - Dr. Ron Paul

Republicae's picture

There are two different

There are two different evaluations concerning the dollar, one is its exchange rate, which is being talked about here. The other, more important is the purchase value of the dollar which has been depreciated through inflation to the point that its effective purchase value compared to a 100 Cent Dollar is now somewhere between 3 to 4 Cents based on official inflation calculations, the real calculation is probably closer to 1 Cent per face value.

http://www.1776solution.blogspot.com

"The principle for which we contend is bound to reassert itself, though it may be at another time and in another form." ~Jefferson Davis

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

The dollar is losing value

http://quotes.ino.com/chart/?s=NYBOT_DX&t=f

Ben Bernanke, fighting fire with gasoline since 2006.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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The Aussie dollar is rocketing.

Damn.

*****

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!

I can believe it

That dollar chart is quite vertical.

From a technician's standpoint the dollar price had very little "support."

Look at platinum over the last 24 months. For that matter look at ANY commodity for the last 24 months.

The charts were silly and any experienced investor would look at them and wait for the collapse.

Will the dollar establish a new low against the euro?

I bet no. The Euro is getting demolished at about the same rate as the dollar. If you study charts you will see the dollar has probably bottomed.

I know this irritates gold people, but I have been following gold for over 30 years. The gold price really along with everything else is CONTROLLED.

Debating that gold prices are not controlled by the people who control everything in our lives, to me, doesn't make sense.

Suggesting that the big shots who happen to own most of the gold, who own the commodity exchanges, who own the industries that mine and use precious metals not to mention the governments that regulate the above not to mention the media that reports on it, to me, seems naive.

But, if you want to suggest that the entire planet is fully controlled and planned EXCEPT for gold...go right ahead.

In 1980 gold hit $850. For it to match that amount inflation adjusted it needs to hit about $2200 an ounce. You need the dollar to tank badly...I think it already did.

As for the dollar? It is doing what "they" want if to. They already collapsed it once, I don't think they will again as I don't l see the motivation for annihilating it once and then annihilating it again.

All prices are controlled. Tell everyone the truth an then, they won't be.

Unify

Well perhaps they boosted

Well perhaps they boosted the dollars strength so a few select people who knew the jig was up could buy out plenty of gold just below $700 an ounce, right before the dollar collapsed?

It's down 20 cents vs the Euro, the Euro is not in the same position as us. We saw the low of the dollar and there is no place but up.

The only good thing is it is still down nearly 50 cents vs the British Pound. But that is because they inflated their currency as well.

But I can't argue that commodities, the stock market and currencies are controlled assets.

"We saw the low of the dollar and there is no place but up."

???

*****

www.women4ronpaul.com

Ron Paul "Sign Wave Across the USA" -- November 5th!