Posts Tagged ‘Dollar’
Dollar’s Slump Erases Months Of Solid Gains
The dollar yesterday staged one of its biggest one-day drops against the euro and fell to a 13-year low against the Japanese yen as near-zero interest rates and the Federal Reserve‘s plan to print vast sums of cash dilute the value of the greenback
Live Gold Phase chart
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The Fed Says Buy Gold
December 17, 2008
by David Nichols
On Tuesday we received direct confirmation from the Fed that the U.S. dollar will continue to be sacrificed to resuscitate ailing credit and asset markets. “Helicopter Ben” is finally living up to his advance billing, as dollars are set to rain down on the economy. Source
I came across the following story on Guerrilla News Network posted on bacchuss blog. Being a lover of monkeys, and always on the lookout for a good analogy, I thought it would be worth sharing:
Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort.
He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.
The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!
This is a financial controlled demolition ! like 9/11
The people in control believe in Fiat money.
Somehow they are keeping the Gold price down yet they are printing infinite amounts of paper money.
Yet a Gold 1 ounce coin on Ebay is getting a bid of over 1100 dollars, and the bidding isn’t over. ???
EU Nations Commit 1.3 Trillion Euros to Bank Bailouts (Update3)
By Gregory Viscusi
Oct. 13 (Bloomberg) — France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders, racing to prevent the collapse of the financial system.
The announcements came as Britain took majority stakes today in Royal Bank of Scotland Plc and HBOS Plc. The coordinated steps followed a pledge yesterday by European leaders to bolster market confidence as the global economy slides toward recession. MORE
Fed Releases Flood of Dollars, Market Rates Fall (Update3)
By John Fraher and Simon Kennedy
Oct. 13 (Bloomberg) — The Federal Reserve led an unprecedented push by central banks to flood the financial system with as many dollars as banks want, backing up government efforts to revive confidence and helping to reduce money-market rates.
The European Central Bank, the Bank of England and the Swiss National Bank will offer European banks unlimited dollar funds with maturities of seven, 28 and 84 days at fixed interest rates against “appropriate collateral,” the Washington-based Fed said today. The Fed had capped at $380 billion the currency it would swap with the three central banks.
Glenn Beck Warns Of NWO World Currency