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Foj
Citizen
Username: Foger
Post Number: 1314
Registered: 9-2004
| | Posted on Wednesday, May 10, 2006 - 11:06 pm: | 
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http://www.businessweek.com/ap/financialnews/D8HDNSM07.htm?campaign_id=apn_home_ down&chan=db
http://www.opednews.com/articles/opedne_mike_whi_060508_the_last_gasp_of_the.htm |
Dave
Supporter
Username: Dave
Post Number: 9396
Registered: 4-1997
| | Posted on Wednesday, May 10, 2006 - 11:37 pm: |
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Weakening US Dollar. Warren Buffett is heavy into international stocks now to hedge against it. Gold and silver are soaring. |
Chris Prenovost
Citizen
Username: Chris_prenovost
Post Number: 896
Registered: 7-2003
| | Posted on Thursday, May 11, 2006 - 10:11 am: |
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Those articles are rather alarmist, and they exaggerate some points, but the overall conclusions appear correct. |
Foj
Citizen
Username: Foger
Post Number: 1324
Registered: 9-2004
| | Posted on Friday, May 12, 2006 - 12:59 am: |
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With no one to buy US bonds.... think inflation......... Print more money. |
Foj
Citizen
Username: Foger
Post Number: 1341
Registered: 9-2004
| | Posted on Saturday, May 13, 2006 - 12:59 pm: |
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A currency crash would mean $5.50 a gallon for gas, & collapse of the US ecomony. |
Foj
Citizen
Username: Foger
Post Number: 1343
Registered: 9-2004
| | Posted on Saturday, May 13, 2006 - 3:11 pm: |
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The US dollar is falling. But the fall of the dollar has been preceded by the Neo Conservative economic policies & regressive tax policies. Lets call it supply side economics, of the wrong kind.
What very well could be the trigger event for a US currency crash, is the Iranian Oil Bourse, where oil will be traded in euros instead of dollars.
The solution is shock therapy.
-Immediate withdrawal of US troops from Iraq.
-A balanced budget for the next fiscal year. This will reduce the need for the US to sell Bonds & should stem inflation.
-A breakup of the US Oil cartels.
-Special attention must be paid to US automakers, a universal single payer healthcare system must be put into place that removes the Big 3 from the healthcare business. Special grants or tax deals for the Big 3 that specifically target the immediate production of a 3 cylinder, 55+ mpg car.
-Special grants or tax deals that facilitate increased production of roof top solar panels, coupled with a CCC style program to get these panels installed ASAP. As well as a CCC program to improve the Public transportation infrastructure.
-The Federal tax system must be progressive. 50 years ago corporations paid 40%, while the top personal tax rate was 92%. This will not only produce a balanced budget, but lead to tax relief for States, and local governments, as well as property tax relief for the working class and the middle class.
Global stock markets tumble as U.S. dollar shatters
Equity markets around the world plummeted Friday as the U.S. dollar went into freefall.
The American currency's near collapse followed several weeks of declines, which has seen the dollar lose 7% of its value against the euro, yen, and the pound, in the last month alone. Here: http://story.northkoreatimes.com/p.x/ct/9/cid/3a8a80d6f705f8cc/id/9b6a1c22154c3b cf/
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Relentless U.S. dollar selling turns into rout
The U.S. dollar has been pounded on foreign exchange markets Friday, following on from several weeks of declines. Here:
http://story.malaysiasun.com/p.x/ct/9/cid/3a8a80d6f705f8cc/id/0de61f94e27d3c53/
Global stock markets tumble as U.S. dollar shatters
The American currency's near collapse followed several weeks of declines, which has seen the dollar lose 7% of its value against the euro, yen, and the pound, in the last month alone. >snip<
Here:
http://feeds.bignewsnetwork.com/?sid=9b6a1c22154c3bcf
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Consumer mood buckles as high gas prices bite
"If sentiment stays at this level -- it might even decline further -- you should expect a serious slowing in second quarter and third quarter consumption," said Ian Shepherdson, chief U.S. economist with High Frequency Economics.
Here:
http://today.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=2006-05-12 T212507Z_01_N12360888_RTRIDST_0_BUSINESSPRO-ECONOMY-DC.XML
Dollar Index Continues To Slide
The US Dollar Index extended its losses, with the Dollar falling heavily against the Swiss Franc, Euro and Yen. The Dollar hit a new one-year low versus the Euro and eight-month low versus the Yen.
http://www.tradingmarkets.com/.site/daytrading/commentary/day_trading/Dollar-Ind ex-Continues-To-Slide-51634.cfm
Ok, so we know the dollar is falling. But the fall of the dollar has been preceded by the Neo Conservative economic policies & regressive tax policies. Lets call it supply side economics.
And what very well could be the trigger event for a US currency crash, is the Iranian Oil Bourse, where oil will be traded in euros instead of dollars.
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Western analysts have speculated that the bourse could undermine the dollar by valuing Iran's oil exports, the 4th largest in the world, in euros. Here:
http://www.ameinfo.com/85102.html
Iran sees oil bourse in two months
Web posted at: 5/6/2006 1:15:2
Source ::: REUTERS
BAKU: Iran plans to launch an oil bourse on the Gulf island of Kish within the next two months, Iranian President Mahmoud Ahmadinejad said yesterday.
“Our specialists are currently working on the plan and the bourse will start working within the next two months,” he told a regional conference in the Azeri capital of Baku.
Iranian officials have previously said the bourse would be a small pilot operation trading only two or three petrochemical products and it would start before March 2007, a delay from previous plans.
Western media and think-tanks have speculated that Iran’s oil bourse could undermine the importance of the dollar by pricing the world’s fourth biggest exports of crude in euros. Here:
http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsecti on=share+market&month=May2006&file=Business_News200605061152.xml
The Last Gasp of the Dollar; Iran bourse opens next week, Here:
http://www.uruknet.info/?p=m23118&l=i&size=1&hd=0
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