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bg Original500© Member 
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The Condition Of The Dollar By Lindsey Williams 3-4-7 There is so much to touch on regarding the dollar this month, I hardly know where to start. Regardless of where I begin, the news is not good and affects all of us. First on our list is China. They have now announced that they are refusing to accept American Corporations purchasing into their stock market any longer as they did in the past. China also said that they are no longer going to be purchasing our securities as they have in the past, including bonds and T-bills. China's decisions and subsequent announcements at the beginning of the week has sent a panic across the World's markets. Additionally, OPEC met recently and they have also stated they will be diversifying into other currencies instead of just the American dollar. They will now begin accepting other currencies and limit the trade of oil via the American dollar. March 21st 2007 will be one of the most significant dates this month. Iran has outlawed the American dollar and will put anyone in jail that uses it in their country after that date. They have the ominous notoriety of being the first nation in the world to do such a thing. The real issue in Iran is NOT nuclear, but rather the decision to not use the American dollar for trade and the sale of oil. On the heels of Iran's decision, North Korea has followed suit and also outlawed the use of the American dollar in their country. Finally, Malaysia the next day did the same thing. Central banks around the world are increasingly diversifying their reserves, including cutting holdings of American dollars, according to a survey sponsored by Royal Bank of Scotland Group PLC, the U.K.'s second-largest bank. Italy, Russia, Sweden and Switzerland have made "major adjustments" in foreign-exchange holdings favoring the Euro and the British pound, according to the poll conducted by Central Banking Publications Ltd. between September and December. "Central banks are open to saying they've been diversifying to improve returns and reduce exposure to any single currency," said Sean Callow, senior currency strategist at Westpac Banking Corp. in Singapore. There's no doubt that when they say 'diversification' they mean selling dollars. Last week a friend of mine told me they called their bank president in Vancouver, BC and he agreed with everything I have been saying about the dollar. What amazed me the most was her comment that he told her his bank is currently making preparations for the crash of the American dollar! My dear friends, I urge you to structure yourself and get out of the liquid dollar immediately. I suggest that you get out of stock markets and into international hard assets such as real estate, gold and other assets. Structure your family by setting up proper International Business Corporations and Foundations that will preserve your finances. Article Link
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24HourNut Administrator  Body pillows rock!
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I didn't realize this:
 The best human beings start good new topics and vote on the better posts. |
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newbiecollector Pioneer100© Member  You can't fake real
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Surely that this can not be a concern Oil cutoff spurs N Korea to outlaw use of US dollar class="" class=""AFP, SEOUL Tuesday, Nov 26, 2002, Page 1 North Korea has reportedly ban-ned the use of US dollars in what experts in Seoul speculated yesterday was retaliation against Washington's suspension of fuel oil supplies to Pyongyang. The Stalinist country has adopted euros as an alternative international payment, China's Xinhua news agency reported. Quoting a letter sent from the state-run Korean Trade Bank, Xinhua said foreigners and North Koreans were advised to convert US-dollar accounts into euros or other currencies this month. The dollar ban was imposed on North Koreans Nov. 18. Foreign residents are required to convert their dollars by Sunday, the bank's letter said. Come next month, the greenback will no longer be accepted in hotels, foreign-related shops or as payment for services in North Korea, a Korean Trade Bank official told Xinhua. South Korea's Unification Ministry said yesterday it had yet to verify the news report, while North Korea's media remained silent. Dong Yong-sueng, chief researcher at Samsung Economic Research Institute in Seoul, said Pyongyang's reported move reflected anger with a US-led decision to suspend fuel oil shipments to North Korea over its suspected nuclear program. "I see more of a political motive than an economic one behind the North's decision because US dollars are preferred to euros in international trade," Dong told the English-language Korea Herald. Under a 1994 accord with the US, North Korea agreed to freeze its nuclear activities in return for the US-led provision of two light-water nuclear reactors and 500,000 tonnes of heavy oil a year. But the deal has all-but foundered since the US revealed last month that Pyongyang had admitted developing nuclear weapons in violation of the Agreed Framework. The suspension of oil supplies precedes by just weeks the harsh winter months normally faced by North Korea. "The present grave situation is pushing the DPRK [North Korea] to the phase where it cannot respect the Agreed Framework any longer," Rodong Sinmun, the North's ruling communist party newspaper, said in a commentary yesterday.
Enjoy the pleasure of life Wayne |
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Iwog Pioneer100© Member 
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The dollar will collapse in the next 0-5 years and devalue by 50% or much more. The reason I wont narrow the time frame down further is that the timing depends on fear and loss of faith by foreigners and foreign governments. It seems so odd saying that in a nation that's done so well for so long, but the facts do not support any other possibility.
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newbiecollector Pioneer100© Member You can't fake real
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You have been saying something similar for a long while. So sell me your stocks or bonds or what ever you have for 50%. I'm buying LOL
Enjoy the pleasure of life Wayne |
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Iwog Pioneer100© Member
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newbiecollector wrote: You have been saying something similar for a long while. Yup I've been saying the same thing for about 2 years now. In those two years, the national debt has skyrocketed and the trade deficit has reached new absurd levels. Everything that was true 2 years ago is amplified in 2007 and even more true. Anyway, no thanks on your generous offer. There are suckers willing to pay more than you.
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newbiecollector Pioneer100© Member You can't fake real
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And the markect crashed like you siad. Good on you 
Enjoy the pleasure of life Wayne |
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Iwog Pioneer100© Member
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newbiecollector wrote: And the markect crashed like you siad. Eh, not like I thought it would. It might actually rally to new highs from here. I didn't take into account the massive increase of U.S. money overseas and the record expansion of the M3. (up 11% in 2006) Foreigners holding U.S. dollars need to use them to buy U.S. assets that will appreciate and earn an income. They buy stocks and bonds because it's quite easy to open an American brokerage account from Europe or elsewhere. This trend isn't going to stop until: 1. The M3 starts to contract. (we eliminate our trade deficit, this is impossible) 2. Fear caused by a U.S. recession. This will lead to a much larger stock market crash and finally loss of faith. 3. Fear caused by a central bank dumping the dollar by the hundreds of billions. (this will be China)
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