The demise of the dollar

we've read about china buying gold, but in a way that doesn't hurt them too much with respect to price, so they time their buys. there was a significantly-timed spike in gold price a few hours ago . . .

right at the close of hong kong, an $8 spike

yesterdays big spike looks like it could have been at the close of
london

sunday's smaller run up was at the open of hong kong

the last major dip was on friday, 2 oct at the open of new
york. gold dropped like a rock that day, down about $12 to
start.

london was still open, and gold immediately responded with a
massive $25 spike UP over the next 2 hours.

london closed a few hours later (leaving only the *alegedly* crooked NY market open) and gold dipped $10 over the next two hours.

odd that since friday, it's looked like a case of the world
gold market vs NY gold market. there has been very flat
trading now when only NY was open, spikes at the open and
close of other global gold markets.

it's been an odd 96hrs for gold. maybe nothing to it at
all, but on the charts it looks, well, odd.

especially w/in the context of this article (which we've all read in some form over the past 6mos or so).

now . . . if i was a conspiracy guy . . . here is how i would
interpret the above price moves . . .

at the g-20 there were serious talks of phasing out the buck
WRT oil, switching from the petro-dollar to some other
petro-currency

probably with gold as the currency to bridge the gap between
today and this future petro-currency, whatever it is, as the article
claims, in 9 years

at open of business on friday, NY smacks gold down
significantly, basically a show of testosterone . . . saying
in effect 'yeah, well if you want to switch to gold let us
show you just how quickly we can bring down the value of
your treasuries so you better think twice' . . .

at which point *someone* --cough cough china-- responds with
an immediate massive buy, basically doubling the strength
of the NY dip, saying in effect 'nice try, but we HAVE
thought about it and times have changed' . . .

but i'm not a conspiracy guy

the silence out of NY the last couple days is odd

and i think the times have in fact changed

but who knows?

reply to post by TailoredVagabond


You completely ignore the fact that disclosure is not needed for this technology to come out. In fact disclosure would cause panic in many religious circles. Many would fear the end of the world and stop going to work.

If there is disclosure of anything regarding UFO's its for disclosure's sake, and nothing else. Disclosure isn't needed for the the technology to come out, and the disclosure would probably hurt the economy.

Without knowing you, and just reading what you wrote, I get that you want disclosure badly. However, the motivating factor won't be the economy.

How will this affect you? It might affect prices as deflation or inflation becomes a real problem. Personaly I see deflation as the problem, as in the great depression. The goods available will be unable to accomadate the low money supply. You can create inflation by just charging more for goods. Deflation is different. You don't have the goods for which you charge more. This is a true nightmare that can make the inflation of the 1970's look like a walk in the park.

Originally posted by silent thunder
We need a gov't with some sack, if you'll pardon my straightforwardness. I want Andrew Jackson or Lincoln back. SHUT DOWN THE FED. I want to see several hundred sobbing Wall Streters frog-marched in orange jumpsuits to a real PMITA prison.

I would absolutely love to see that. Of course not all banks are bad, just the fed and the "too big to fail because we have people in the government and fed" banks. I imagine many of those 100+ smaller banks that have failed this year would have been run by more decent people and at the very least did not have the power to bribe and manipulate markets.

I also have to wonder if some of those banks would not be out of business if they did not have to compete with government funded banks this year. Government funded power consolidation in the private sector is not capitalism, it's facism.

Originally posted by arbiture
How will this affect you? It might affect prices as deflation or inflation becomes a real problem. Personaly I see deflation as the problem, as in the great depression. The goods available will be unable to accomadate the low money supply. You can create inflation by just charging more for goods. Deflation is different. You don't have the goods for which you charge more. This is a true nightmare that can make the inflation of the 1970's look like a walk in the park.

Inflation and deflation aren't as simple as you may think. Right now, we have asset deflation, but inflation of goods. Asset prices are more closely related to supply and demand. Goods are also subject to supply and demand, but given that these goods are bought from overseas, if the dollar drops substantially in value, deflation in goods is near impossible. Assets would deflate further, sure. You just need to understand that there are different classes to what can inflate and deflate, and also why each happens to each class.....

reply to post by Finalized


Why is everyone in shock? Ron Paul predicted this for YEARS and nobody listened. He talked about this during his campaign and he was ridiculed.

We were warned.

First of all, some of us have been convinced for a while that TPTB have planned global currency collapse for years - it was always going to be the us dollar first. But that's just the beginning (actually it's more like stage 95 of a 100 step plan - I won't go OT and I use those numbers for illustration only).

I am thoroughly convinced that Sterling will be attacked next, with the Euro and other major currencies following pretty quickly.

It's not the Chinese plotting against the US - it's the global elite plotting against the entire population. Please don't let the demise of your currency set you against one country or another! Divide and Conquer is an old ploy - it's the people who they divide, when in truth, the Oriental, Old Europe and New World leaders are, and have always been working together.

Originally posted by Mr_XIM
China, Japan and France are in meetings right now deciding the dollars fate. Stay tuned for the decision, but remember: the USA always, and I mean always wins!

Well honestly you have in your military arsenal so many weapons that can crush us (in my case France) that I have to agree. (Our soldiers are good soldiers but our technologies are outdated so Even with the help of the rest of Europe and a Germany we will be beaten in less than a week)

But what if the international conspiration are true ? what if all of those top secret Balck project are in fact not for the amercican but for the international Bankers? you will be naked.But I don t think it's the case so long live to America !

Some of the comments in this thread scare me. The mentality of "us versus them" is so totally wrong.

I don't believe the US is being systematically attacked by the worlds financial powers in order to see its demise. America is a partner of this current trend in ushering in ....what did Bush Snr call it? A New World Order?
The US dollar or more to the point, a more "international" friendly US, no I'll cut right to the chase - a more dependent US, instead of an independent US is the plan here.

Its not outside influences at work here. Like a "their out to get us" scenario. This is from within. This started a LONG time ago. What we are seeing today happening to America is no financial accident.

This is all leading to a world currency. Unfortunately for America, in order to bring this about, your power must be taken away from you. Whilst the US dollar is mighty and strong, there is little to no hope of bringing America "into the fold" as it where.
So the systematic destruction of the US dollar BY US power brokers is at play here. Not overseas international bankers plotting your demise.

It is not the world against the US. Don't fall for that lie. We are being led down a "global community" path here. The push for a new currency, a new order has been working away for many many years. Right inside the US as has been the case all over the globe, right across the board.
This is an international effort, of which the US is a major player and partner.

This isn't a war against countries anymore, but a war against ALL peoples the world over. Those who don't join the "international community" are sanctioned, starved and financially ruined. Those who by luck, or bad luck, who have the natural resources to resist the sanctions are invaded and occupied. Hence Iran's plan for nuclear power in the hope it will stave off the wolves.

The ONLY way it can work is for a NEW world currency. Whilst Americans might like and feel proud that the world uses their currency as the benchmark. There is too much political/national pride the world over for any one countries currency to be deemed the one to use. And now its Americas turn, crying and screaming, to tow the line and get with the plan.

Welcome to the New World Order.

Originally posted by Freenrgy2
reply to post by Finalized

 

Why is everyone in shock? Ron Paul predicted this for YEARS and nobody listened. He talked about this during his campaign and he was ridiculed.

We were warned.

Because Ron Paul is a part of the conspiracy !^^

I feel US is going to do something big, maybe Iran Invasion or another middle east war.

IMHO, it is too early for gulf states since they are weak.

Gold Hits Record High at $1,035.95 on Weak Dollar
www.cnbc.com...

Saudi C. Banker Denies Talk of Replacing Dollar for Oil
www.cnbc.com...

Report sends dollar down
www.cnbc.com...

Report sends dollar toward year's lows
www.cnbc.com...

According to an article I read at MSNBC, the Federal Reserve has been keeping the value of the dollar down intentionally. It was intended to keep the costs of our exports down, so that our economy would rebound. As a result of dropping the value of the dollar, the prices domestically for goods and services are now too expensive. People living in the United States can no longer afford luxuries; thus, people are not buying foreign imports. During this past weekend, the Federal Reserve decided that it was time to raise interest rates. Unfortunately, raising the rates has the potential of sending us back into a deeper recession.

Lowering the value of the dollar was not done deceitfully; however, the federal reserve did know about its long term consequences. After preaching to everyone about being responsible, the federal reserve ended up not practicing what they preached.

They messed up.

Originally posted by bluepanic
I feel US is going to do something big, maybe Iran Invasion or another middle east war.

IMHO, it is too early for gulf states since they are weak.

I like your thinking. Good observation. Unfortunately, our military is stretched way too thin. In order to go back into Afghanistan and invade Iran at the same time, we would have to reinstate the military draft.

Normally we would go into war, so we can fix the overall economy. We are in new territory. Who knows.

A massive war in Afghanistan could be inevitable. It will cost Obama his remaining political capital, but it might be necessary for fixing our overall economy. Its all about what he considers to be important. What does he value? What type of morals does Obama have?

Lets see what happens in the next few days. It a moral question with a double-edged sword.

[edit on 6-10-2009 by Pathos]

I think this is conveniently happening to push gold prices up, so the World Bank Gets lots of $$$$$$$$$$$$$ selling off the gold.
Then they will buy it back later at a 10th of the price.

Just a thought

edit typo

[edit on 6/10/2009 by wycky]

I just found this, its toward the bottom www.google.com...

Meanwhile, the United Nations called for a new global reserve currency to end dollar supremacy which has allowed the United States to build a huge trade deficit that has helped foster the global imbalances that stoked the crisis.

hey no problem with the dollar ...right????
www.marketwatch.com...

hit the (5 year) button below the chart

with all the talk on the media channels, the proof is right there in the charts. our dollar has lost 50% of it's value in 5 years. so, how you felling now.

[edit on 6-10-2009 by jimmyx]

[edit on 6-10-2009 by jimmyx]

reply to post by Finalized


[Link]http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html[/Link]

In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises

I felt this was relevant to this disqussion.

Gold at 1040 right now.
Remember it is not nearly as useless as in olden times,this soft pretty metal.There won't be any buy it back at one tenth the price.Dollar=toast?Sure hope not.

you can watch the gold live here currently at $1,038.50

Edit for got linky goldprice.org...

(now at $1,039.17)

[edit on 6/10/2009 by wycky]

Commodity currency's such as Aud, Nzd, and the CAD are gaining the most on the dollor at the moment and will continue also the Yen is very strong. Aud raised interest rates last night to 3.25 % the first country to do so since the slashing of rates. I been trading the forex for 5 years I would advice finding a good broker I could suggest some if your interested and open a trading acct for as low as 500 bucks. Right now making money is as easy as breathing.

as an american, i am still worried. i'm one of those that paid off a 15 year home loan in 2001 and DIDN'T go out and buy a bigger house and put myself in debt. i have no credit card balance, no auto debt, no revolving credit debt. but the reason i'm worried is that the money i now have from being frugal, is going to be eaten up by rapid inflation, by the destruction of the dollar. my only way to keep what i have is to put 1/2 of my money to work in a inflationary-protected monetary index fund and 1/2 in commodities, but there are no guarentees.