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Author: Subject: The Dollar Is In Trouble

Extreme Peach





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  posted on 12/4/2008 at 02:44 PM
Technical analyses and market fundamentals both point to a lower dollar short and long term. This chart of the US dollar shows how much of a run up it has had in the past few months, but with the recent negative MACD crossover, it is setting up for a short term downtrend. If it drops below 85, the next stop is 80. If it breaks below 80, who knows how low it will go.

Fundamentals also point to a short term down trend in the dollar. Bernanke has slashed interest rates and is flooding the market with newly printed money in his effort to avoid a depression. It is a strategy known as Quantitative Easing.

One problem with this is US interest rates are lower than other countries. When other countries lower their rates, it will cause the dollar to go down. This will happen in the short term. The other obvious long term problem is the expansion of our monetary base. This will hurt the dollar long term and almost certainly lead to hyper-inflation



 
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Maximum Peach



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  posted on 12/4/2008 at 03:19 PM
You can only fool the math for so long. You can't forever print up useless paper and claim it has real value without eventually being called on it. The Fed's been destroying the currency for decades now, and this latest spurt of stimulus spending madness may be the final straw. I certainly hope not, but I find it hard to believe we won't see a dollar crash as a result of all this.

 

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Sublime Peach



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  posted on 12/4/2008 at 03:29 PM
BUY SWISS FRANCS!!! Get out of the dollar. It is worthless.

Funny how the swiss weren't at the G20, especially how they have the 4th largest traded currency in the World. Why would they need to be at the economic summit?

Put your money where the ubers are and get yourself some insurance by purchasing Swiss Francs. It will only take your bank 1 working day to get them and they are the most solid currency in the world.

 

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Zen Peach



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  posted on 12/4/2008 at 03:40 PM
quote:
BUY SWISS FRANCS!!! Get out of the dollar. It is worthless.
Out of curiousity ... are Swiss francs easily traded in Belize?

 

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Extreme Peach



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  posted on 12/5/2008 at 10:54 AM
quote:
BUY SWISS FRANCS!!! Get out of the dollar. It is worthless.

Funny how the swiss weren't at the G20, especially how they have the 4th largest traded currency in the World. Why would they need to be at the economic summit?

Put your money where the ubers are and get yourself some insurance by purchasing Swiss Francs. It will only take your bank 1 working day to get them and they are the most solid currency in the world.


guys, this is worth serious debate. JPB, i'm gonna start a new thread and would appreciate your thinking in it.

 

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