It looks like the doller is going down

[mu2143]

http://finance.yahoo.com/q;_ylt=AkT8...WsA?s=EURUSD=X

[Soulmate7]

In the 10 years I've been following the markets, I can't remember having witnessed such a move in one day.

[TheChosen]

and so it begins..

[mu2143]

Hmm You should check this out, it look like it is finally going to kick the bucket.

http://quotes.ino.com/chart/?s=NYBOT_DX&v=w

[pineal-pilot-in merkabah]

http://www.reuters.com/article/rbssF...=11604&sp=true

[Steve_A]

Hi mu2143,

Fluctuations of 1% between the US dollar and the Brazilian Real are common place, however the Real is considered a softer currency.

Has the Dollar become softer against the Euro? I don't know for sure,but if it has, we can expect these fluctuations to occur more often, which is great for Forex traders in the know.

Remember, the dollar can go up as well as down in short terms, despite the overall picture looking glum.

Best regards,

Steve

Originally Posted by mu2143

http://finance.yahoo.com/q;_ylt=AkT8...WsA?s=EURUSD=X

[mu2143]

I know that it can go up as well, but we all know there planning to replace the dollar with another currency.

Only we don't when there realliy let the dollar go down, Gold is now going up.

The only thing what we can do is watch and see how it goes.

But it like like there planning the new currency some what in 2010. Because there talking about 2010 for a recovery. If you follow the main stream Movie media then you can pick what there planning for us.

So far they said it is not yet recovered(economy), so it seems there waiting for something to happen to let the dollar go down, what ever that is going to be.

[Thunderbird]

your avatar is scary

[mu2143]

I know

[THE eXchanger]

xxx

[mu2143]

1 USD wil be still 1 USD only when you realise that the price of food whent up 50 time of that!!! then oeps
That what happens when a currency fails so be ready the food will be like gold !!

[THE eXchanger]

xxx

[pineal-pilot-in merkabah]

http://blogs.telegraph.co.uk/finance...price-of-gold/

[THE eXchanger]

xxx

[Steve_A]

Hi eXchanger,

But who would be responsible for this new currency? The same people who put the dollar out there!

There needs to be a basket of actual currency to keep everything safer and there should be no floor nor ceiling for exchange rates, that way each government would be responsible for their own countrys' economy.

I think giving an open hand or a scapegoat (a new global currency) to the people who got everybody into this mess is definately the wrong thing to do.

Best regards,

Steve

Originally Posted by eXchanger

someone is following "the wrong script"

I suspect that the elite
are trying to get in front of the gold bull price rise
before the grassroots wake up
as to how easy it is to use digitized
and decentralized gold as a currency.


http://www.telegraph.co.uk/finance/c...ce-dollar.html


maybe, it's time, to create 'the eXchanger's silver 1/20th round'

[Malynda]

Let's all just barter. That seems to have worked for a looooooong time. We all have things we can make or grow or do that are beneficial and valued by others.

[THE eXchanger]

xxxx

[sassydr8n]

This is interesting...

First off, we don't watch TV (cable or state) - it rots your brain anyway and is so riddled with lies. So, I keep an eye on current affairs when loading to check my email. If something catches they eye, I investigate.

The one thing I do do is listen to a radio station for Traffic Updates mostly, on my way to work in the morning. Inevitably the news pops up and this morning one of the main headlines came down to: "Allan Greenspan warns world of another financial crisis that is coming..."

Yup, and he will know I guess. I had to laugh...bastards.

Just thought I'd share what is polluting our airwaves waaaaayyyy down South!

[sassydr8n]

Found this one...

http://www.reuters.com/article/ousiv...5881R720090909

My husband mentioned a while ago that the next 'crash' is due for November 2010. I will find out from where the info came and post it. Maybe they are choosing to hurry things along??

Still...no surprise.

[Northern Boy]

http://www.forbes.com/2009/09/08/dol...d-nations.html
Currencies


The Dollar Collapses
Carl Gutierrez, 09.08.09, 04:05 PM EDT
Commodities, stocks and foreign currencies all rise as investors sell dollars.

The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading.

Stocks in Asia and Europe saw big gains, and gold topped $1,000 an ounce. (See "Stocks, Commodities Rally After Long Weekend.") Oil also gained 4.9%, or $3.31, to $71.33, on the New York Mercantile Exchange, due in part to Goldman Sachs affirming its year-long outlook. By midday trading one euro traded for $1.45, meanwhile the Dollar Index, which tracks the greenback against a basket of currencies, fell to its lowest level since September of 2008.


"It isn't as if the fundamentals are better in Europe," said Jessica Hoversen, a foreign exchange and fixed income futures analyst at MF Global. "There are other factors outside of economic growth taking hold in the market."

Japan's special drawing rights holdings hit a record $18.5 billion, from $3 billion in July. SDRs are the currency of the International Monetary Fund and other international institutions. It's a basket of currencies composed of the dollar, euro, sterling and yen in a fixed weighting determined by the IMF and World Bank every five years.

One of the reasons cited for the rise is an increased in commitment in overseas aid, but Hoversen noted that to a certain degree it speaks to the general demand for the dollar, and that scares the market. "It doesn't necessarily mean diversification away from the dollar, but there is a heightened sensitivity about the topic," Hoversen said.

Currency investors have been obsessed with the prospect of central banks diversifying out of the dollar. (See "Spotlight On The Dollar.") The fixation has been fueled by meetings under the G20/G8 framework, as well as candid comments from some of the largest reserve managers, namely Russia and China. The prospects of a massive diversification are low though, at least in the short-term, because most of the alternatives, including using SDRs as a global reverse currency are unrealistic.


Debt and spending can be insane, and has been, if used to prop up non-production sectors in the US or simply increased consumer spending and consumer debt. It is the opposite of insane to incur debt


The three-month London Interbank Offer Rate, commonly known as the Libor, which reached a record low of 30 basis points and that also contributed to the dollar's slide. "It makes the dollar the cheapest interest rate differential in the G10 on a Libor basis," Hoversen said.

The dollar's fall follows a United Nations report released Monday calling for a reduced role of the dollar as the world's primary reserve currency.

"This is not the first time the U.N. has called for this, but it's the most recent," Hoversen said. The report, which was produced by the U.N. conference on Trade and Development, stated that a viable solution to the exchange-rate problem would be a system of managed flexible exchange rates targeting a rate that is consistent with a sustainable current-account position.

"What the U.N. may be trying to do is eliminate global dependence on the dollar," Hoversen said. "However, more details would be needed on the mechanism for adjustment to judge how it would affect the global currency markets."


To be sure, the U.S. isn't solely responsible for the global imbalance. While the U.S. current account deficit is being funded by developing countries, the demand from developed countries is improving their living standards. Meanwhile, developing countries have kept their currencies low in order to stimulate economic growth via their export market, and ultimately change will be required on both sides. (See "Decouple Or Die.")

Hoversen also pointed out that curves of the overnight index swaps have Norway and Australia pricing interest rate hikes first. "They gain on the idea the global economy is going to recover," Hoversen said. "Their central banks have also been more hawkish than other banks." Commodity-based economies will be on the ground floor of supplying the increased demand. Moreover, Australia and New Zealand will be greater beneficiaries of the Chinese stimulus than other commodity currencies. G20 members also promised to keep fiscal and monetary stimulus running on full cylinders, suggesting an increased amount of risk, Hoversen said.

[sassydr8n]

have the wheels started turning now?

[micjer]

REAL REASON WHY USA & ISRAEL WILL ATTACK IRAN



http://www.youtube.com/watch?v=EEpp9...ayer_embedded#

[peaceandlove]

Mike's View...

FeverIAm Youtube Channel

Posted 6 days ago.

Don't Panic! Oil Producers to sell in Euros!

VIDEO (10:42):
Look to right of video at youtube under (more info) for articles referenced. Also pasted below:


On the Front Page of today's Independent - The demise of the dollar:
http://www.independent.co.uk/news/bu...r-1798175.html

I have an image of today's Front Page of the Independent on my blog at:
http://feveriam.blogspot.com/2009/10...dependent.html

Iran replaces Dollar with Euro in FX:
http://presstv.com/detail.aspx?id=10...onid=351020102

Dollar's demise plotted by oil producers, China and France, report says:
http://www.telegraph.co.uk/finance/c...port-says.html

Potential end of dollar-based oil deals helps gold shine:
http://www.marketwatch.com/story/pot...old-2009-10-06

Banks brace for Latvia's collapse:
http://www.telegraph.co.uk/finance/f...-collapse.html

Ireland votes 'Yes' to EU Lisbon Treaty:
http://www.telegraph.co.uk/news/worl...on-Treaty.html

The result in Ireland shows that Europe's usurpers have succeeded:
http://www.telegraph.co.uk/finance/c...succeeded.html

Michael O'Leary admits that Ryanair's Yes campaign is to get Aer Lingus:

Irish vote sends Tony Blair racing to EU presidency:
http://www.guardian.co.uk/world/2009...residency-race

Web-bot predictions of 'Economic Collapse':
http://urbansurvival.com/nl20091003.htm

Hmmmm ??? The mystery investor who is turning the tin market on its head:
http://www.telegraph.co.uk/finance/m...-its-head.html

Goldman Sachs, CIT in talks to amend loan terms-WSJ:
http://www.reuters.com/article/bonds...39416220091005

[peaceandlove]

COLLAPSE of the DOLLAR Peter Schiff

VIDEO (3:20):


Peter Schiff Gold to Hit $5,000 Per Ounce 07 Oct 2009

VIDEO (4:58):
Economics videos articles and news
http://www.Mises.tk

more on Jim Rogers at :

http://www.Jimrogers.tk

More of Marc Faber at :

http://www.Marcfaber.tk

more on Roubini at :

http://www.Roubini.tk