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US DOLLAR COLLAPSE IN PROGRESS...
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[quote:Anonymous Coward 8139030:MV8xOTgyNDQ1XzMzMzA2NjQ2X0YxQUJCRTI5] Blah...Blah...Blah The dollar was dealt a hefty blow this past week. The Dow Jones FXCM Dollar Index (ticker = USDollar) dove into four-month lows Friday with its biggest single-day decline in 10 weeks. From a chart of the USDollar or EURUSD, it seems as if the dollar has had the floor ripped out from underneath it. http://www.ashraflaidi.com/charts/us-dollar-index.asp http://futures.tradingcharts.com/news/futures/US_Dollar_Hits_Four_Month_Low__Fed_Decision_to_Make_or_Break_Trend_185145174.html May 2011 http://www.moneyweek.com/investments/currencies/currencies-forex-usd-endgame-for-the-us-dollar-12009 April 2011 http://www.infiniteunknown.net/2011/04/05/the-us-dollar-collapse-index/ The public does note that it takes more dollars to buy food (price of food rising), the public does note that is takes more dollars to fill up the tanks of their cars (gasoline prices rising). The public notes that their college tuition bills and their medical bills are rising. In other words, the public experiences that their dollars buy less and less, with each passing month. [/quote]
Original Message
PANICS DO NOT DESTROY CAPITAL: THEY MERELY REVEAL THE EXTENT TO WHICH IT HAS BEEN PREVIOUSLY DESTROYED BY ITS BETRAYAL INTO HOPELESSLY UNPRODUCTIVE WORKS......(John Stewart Economist 1806-1873)
The U.S. Dollar index is now in jeopardy of failing the very important 80 level.....
[
link to finviz.com
]
Thank you so much to user id: 1531577 for the following clip from the 1981 movie "Rollover" a movie made 30 years ago about a US Dollar collapse!
Here is it in its entirety. Believe me it will send a shiver down your spine....
...as the
extreme pressure
of the U.S. $16,000,000,000,000 debt
[
link to www.usadebtclock.com
]
....load is now finally wreaking havoc on the currency that is no longer backed by Gold!!
The following lecture
Explains Clearly
why the U.S. Debt backed Dollar is in serious trouble!
[
link to www.peakprosperity.com
]
Kudo's to User ID: 1138565 for his link to the 3 Hr. Crash Course.
Must see!!!!!
[
link to www.peakprosperity.com
]
Lets see if the FOMC can pull the rabbit out of its hat one more time...
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