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The inevitable collapse of the dollar

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Summary:
Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation

Channel: News & Politics
Uploaded: September 14, 2007 at 9:27 am
Author: GHoeberX

Length: 00:07:06
Rating: 4.90
Views: 362796

Tags: US Dollar Collapse Crash Crisis Recession Economic Economy Currency Euro Financial Market

Video Comments:

WakeupsCall (December 4, 2008 at 9:48 pm)

"July 2008: Euro 1.62/dollar
December 2008: Euro 1.27/dollar

Canadian Dollar July 2008: 1.02/dollar
December 2008: .78/dollar

British Pound: July 2008 1.98/dollar
December 2008 1.47/dollar"

Looking at 5 months of a trend is nothing like looking at a multi-decade one.

Here's a projection: 30-50% U.S. dollar decline by summer 2009.

Jacobrester (December 4, 2008 at 9:37 pm)

Once again:

July 2008: Euro 1.62/dollar
December 2008: Euro 1.27/dollar

Canadian Dollar July 2008: 1.02/dollar
December 2008: .78/dollar

British Pound: July 2008 1.98/dollar
December 2008 1.47/dollar

These quotes are the facts, not a bunch of ignorant projections based upon ones envious hatred.

Jacobrester (December 4, 2008 at 9:27 pm)

Chinese officials urged the U.S. to do everything possible to restore calm to financial markets and said they are preparing for a worst-case scenario as the global crisis deepens.

Zhou told U.S. officials that, while China remained confident of maintaining growth in the worlds fourth-biggest economy, it needed to prepare for the worst, central bank official Jin Qi said.

Jacobrester (December 4, 2008 at 9:23 pm)

Russias oil-led economy is deteriorating as crude trades below $50 a barrel. Manufacturing contracted more in November than during the 1998 financial collapse in the worlds worst financial crisis since the Great Depression. Russia has drained a quarter of its international reserves since August to arrest the rubles 16 percent slide against the dollar, and probably doubled spending last week, according to analyst estimates.

Jacobrester (December 4, 2008 at 9:23 pm)

Things are a complete mess in Russia and Troika, Goldman claim Ruble Requires 20% Decline to Lift Economy.

Russia should abandon its defense of the ruble to kick-start economic growth by devaluing the currency by at least 20 percent, according to Troika Dialog, the countrys oldest investment bank, and Goldman Sachs Group Inc.

The sooner they do it, the more chance that the economy will start to recover, Evgeny Gavrilenkov, Troikas chief economist, said in Moscow yesterday. "

WakeupsCall (December 4, 2008 at 9:18 pm)

"US dollar trades only 21 cent INFERIOR lol Could have been much worse eh?"

The U.S. dollar IS inferior. The world panicked the last 3 months, got the hell out of stocks and into treasuries and the U.S. dollar. But guess what the next stage of the game is?

I doubt you know.

tcmitton (December 4, 2008 at 11:34 am)

heh Done with dusty ol propaganda reel? lets get some info coming from the Euro side....OR just take a look at the Euro trading throught out your 2 month ol paste jobs that US dollar trades only 21 cent INFERIOR lol Could have been much worse eh? What I mean All those people fleein the Euro n' all lol

Jacobrester (December 3, 2008 at 6:03 pm)

These once-emerging countries sink into depression, those loans are beginning to go sour. European banks are ALREADY getting hammered — and investors who own their shares are ALREADY getting slammed.

Huge loan defaults in emerging markets like Ecuador, Hungary, Ukraine, and Argentina ...

Massive losses and even outright failures among Europe's largest banks ...

Panic selling on stock exchanges throughout the Eurozone ...

A massive flight to safety — OUT of euros

Jacobrester (December 3, 2008 at 5:57 pm)

Governments throughout Asia and Europe are facing similar circumstances: Foreign demand for the products they produce is virtually non-existent ... their own citizens are unable to buy the products their factories produce ... and even oil producing nations are starving for cash as energy prices crater.

Japan pledged $100 billion for emergency loans to the governments of South Korea, India, Indonesia and other economies and urged other potential donor nations to do the same.

Jacobrester (December 3, 2008 at 5:54 pm)

As the economic crisis has slashed oil prices by nearly two-thirds, oil-producing emerging nations — Russia, Venezuela, Ecudor and others — are suddenly starving for cash to pay their bills.

Combined, these two events are now conspiring to set off a chain reaction that will bring the biggest creditors to these emerging markets — such as Europe and the UK — to their knees.

Russia is now begging China for a $25 billion loan to save its cash-strapped energy companies.

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The inevitable collapse of the dollar

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