The Dollars Abyss - It's a SHAM WOW

[Virgil Showlion]

What chart are you working from, Decoy? I know there are a lot of sites that track the USDX.

[decoy409]

Virgil, I have been keeping very close time on a constant the ICE & FOREX.

ICE DOLLAR INDEX

DISCRIPTION

The ICE U.S. Dollar Index (USDX) futures contract is a leading benchmark for the international value of the US dollar and the world's most widely-recognized traded currency index. In a single transaction the USDX enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies, as well as hedge their portfolios against the risk of a move in the dollar. US Dollar Index futures are traded for 22 hours a day on the ICE platform.

www.theice.com/productguide/ProductDetails.shtml?specId=194

And through the ICE to my understanding that big and watchful eyes our. And Magic number time is just about here.

[dumdeedoe]

Here is a interesting view point on Yen/Dollar rates contolling trade imbalances.. (kinda long but worth the read....)


www.gold-eagle.com/editorials_03/chen083103.html

By the beginning of 1995, Dollar was dropping very rapidly against Yen, and US trade deficit had started to level off. The currency market was as if saying, "Yen/Dollar will be dropped to whatever level is necessary to correct the trade imbalance with US at one side and Japan and the proxy exporters at the other side." Japanese Government panicked at the thought that Japan's huge trade surplus would melt away, so it started an unprecedented and risky gamble, that is, to flood the market with Yen and thus to destroy the value of Yen deliberately. Clinton administration was worried about the first signs of stagnating economy as US trade deficit started to level off just before the reelection campaign of 1996, so it explicitly endorsed the gamble of Japanese Government under the catch phrase of "strong Dollar policy".

Kinda a mirror of what is going on now U.S. vs China...

[decoy409]

Alright! New low to start the day! 72.995

Go Blow Some Hot Air,so we can watch it rise!

[decoy409]

Hey l@@k! Why 'Puppet Central Branch From Media' are doing a duet,

May 4,2011 Biggest Story in Market’ Is US ‘Currency Crash’: CEO

Source: CNBC

“The biggest story in the market is the currency crash right now occuring in the US, I think a lot of people are debating whether it is in fact a currency crash,” Keith McCullough, CEO of Hedgeye Risk Management told CNBC.
www.blacklistednews.com/Biggest_Story_in_Market%E2%80%99_Is_US_%E2%80%98Currency_Crash%E2%80%99%3A_CEO_/13759/0/0/0/Y/M.html

[decoy409]

Amazing how the riff raff keeps preaching but their eyes our closed? Or they are just taking orders?

[decoy409]

Ahh, finally. In a few short weeks all of us here on this board are going to share something in common,imagine that!
Why we is all going to SEE what becomes.

I duly expect severe nudging from the metals world to have a great impact on the old bang of the buck.

[decoy409]

[decoy409]

Uh oh....somebody made do doo in their pants with the index.

[decoy409]

[decoy409]

Well I see that they did not like that article (the second one posted above in conjunction with the first,so catch the other article FIRST,then review the following one ) out and about as the link worked perfectly fine when I posted it.

Here is another link to that article titled,
May 6,2011 Dollar Index Review- No Strong Dollar Policy Here

www.fxstreet.com/technical/market-view/daily-client-note/2011/05/06/

[decoy409]

And in light of #285,#286 the following holds TRUE as it ALWAYS HAS which is, 'Fool me once shame on me,Fool me twice shame on you'

The Fed has kept interest rates at zero percent for 27 months and has created--out of the blue--2 trillion new dollars in the last few years alone. If these actions constitute a strong dollar policy, Americans can only cringe at the thought of what a weak dollar policy on the part of the Fed would possibly look like!

Ben Bernanke’s hour-long press conference was packed full of an amazing quantity of contradictions, and economic fallacies. For example, the price of gold soared by $25 during the conference as the dollar was falling to a new 52 week low. In fact, the U.S. dollar has lost 40% of its purchasing power as measured against a basket of foreign currencies in the last decade alone. And the price of gold has risen 400% during that same time frame. Yet somehow Bernanke wanted investors to believe that these conditions are just transitory even though they have been in place for the last 10 years. How could they possibly be transitory if the Fed maintains its zero percent interest rate policy and refuses to reduce the size of its balance sheet?

He also had the temerity to suggest that stable prices actually engender rising unemployment and that inflation needs to be near 2% for an economy to function properly without the threat of deflation. But the former Princeton Professor never explained the economics behind how a strong and stable dollar can ever lead to increasing layoffs. Could it be that Bernanke is unaware that a stable dollar is absolutely necessary for a vibrant middle class and to have an economy that is balanced with the appropriate amount of savings and investment?

The Fed head finally uttered a truth when he correctly stated that low and contained inflation expectations are essential for a strong economy and that the FOMC would closely monitor those expectations of rising prices. However, Bernanke fails to understand that he is doing everything in his power to make sure those inflation fears become intractable. He blamed the uptick in inflation on rising commodity prices that are again supposedly “transitory”. But he fails to associate those rapidly rising commodity prices with the fall of the dollar, which is directly the result of the Fed’s monetary policy. He instead blames the 30% rise of the CRB Index in the last year on “global factors.”

But the most egregious error made during the press conference was Bernanke’s failure to acknowledge the Fed’s aiding and abetting of our huge budget deficits. Although he correctly identified the biggest problem facing our nation is our overwhelming debt, he failed to realize that it is the Fed’s sponsorship of an ever expanding money supply that enables our government to run up massive debts without sending interest rates so high that they render the nation insolvent.

The sad truth, however, is what will be transitory is the U.S. dollar’s status as the world’s reserve currency. The end of that condition coupled with rapidly rising inflation will eventually send interest rates much higher than any economic model Bernanke has ever seen.
(compliments of Schiff)

[decoy409]

I see the Talking Sock Puppets don't like the news being brought to the table again....

But the word is singular and needs to be changed to plural being 'BABIES'

[decoy409]

Abbra Cadabra, you will now instantly rise....and the magic wand passes over the black top hat and.....POOF!

"See' says the magician, '(#285,#286) It's magic!'

[decoy409]

So since that information this morning has been passed out,I came up with a really good idea........(NOT!)

Let the SEC party man show us some more daily insider manipulation calls and while doing so why he can pretend to act like something is being done and let that asheepburger walk behind and wipe butt as he has plenty of practice in the area!

[decoy409]

Great Stuff!

[decoy409]

Say,try adding some light instead of 'cover up'

[decoy409]

As the lucky number 13 draws nearer will LUCK hold out???

[decoy409]

Aww, SHAM WoW has entered the light zone and the HOLES have light shinning strong through them for all to see.
Now the

(or crybabies) in their little playpen all nestled together have to start covering them up to the best of their ability.

[decoy409]

Why I got so carried away that I burried the main point of the title.

May 1,2010 Problems with the Dollar Index and Why It’s Misleading
www.jasonburack.com/problems-with-the-dollar-index/

and a new link to the follow up,

Here is another link to that article titled,
May 6,2011 Dollar Index Review- No Strong Dollar Policy Here
www.fxstreet.com/technical/market-view/daily-client-note/2011/05/06/

Remember 'Lucky 13!'

[clubv]

decoy, i love/hate to make predictions but dollar slips under 70 by end of may

[decoy409]

clubv, nothing wrong with making predictions!

I am getting a kick out of the Dollar Index right now,and this fantastic supposed recovery. Nothing like the index going down and the market going up.

So lucky 13 and where will the deer be herded to? Bonds.


Have some 'k' clubv!

[decoy409]

And this will not be a cross country course,more like DOWN HILL!

[resume]

And in light of #285,#286 the following holds TRUE as it ALWAYS HAS which is, 'Fool me once shame on me,Fool me twice shame on you'

'Fool me once shame on me,Fool me twice shame on you'

A Fool and his money are ashamed to be seen together?

[decoy409]

Why don't you break that down so we can establish your camp. If you have reviewed in the entirety of these two gems you are bring forth that is.

[decoy409]

By the way, those 2 are NOW at #295.

[decoy409]

That's pretty funny stuff by the sock puppets! I get a kick out of the FEW of them that are on this board,but none the less! They are a entertaining bunch!

Looks like that SKI SLOPE is coming along just fine.

This is when I really ENJOY the jokes by the SOCK PUPPETS like the one about meds by sunrnr. Say can you draw a picture for us that are not MINIONS of your clan??? I did not think so.

But you can sure COPY and PASTE! That's FUNNY!

[decoy409]

SWISH,SWISH! Say....ready for some great SLOPE ACTION?

That's right, I don't know anything! (tee-hee-tee-hee-hee )

Magic 13!

[decoy409]

Red Phone! Calling the Red Phone! We have a RUNAWAY DOLLAR INDEX,it looks like brown nasty used toilet paper,last seen leaving the printing press.

[decoy409]

The bottom feeding parasites are hard at it once again today in holding up the debt ridden dollar index. Helicopters are in the air and herding is fast and hard underway as time draws near.
Not to much longer before the big day!