The Dollars Abyss - It's a SHAM WOW

[decoy409]

I like a Silver or Gold backed rocker. You jig it around just right, and although there was no fish about, they Magicly can't help but to come around.

[decoy409]

Oh, why look. I was WRONG agan. Drats......

HA! HA! HA! HA! HA! HA! HA! HA! HA!

Did you turn into the NEW LOW STATION I told you that was cominbg out last night??

[decoy409]

Theatre Puppets will have you believing in Fantasy Island however many INVESTORS are WAKING UP! And they no longer believe in these Fairy Tales.
Protect you worth today and steer away from debt ridden note!!!

New off the cliff low achieved as I stated would be yesterday. And nothing but Super Milker on full blast taking advantage of what ignorance is left to be found.

[decoy409]

That market is reving alright! Reving right into the gutter where it rightfully belongs.
Santa is bringing some early presents. Heads up!

Visit ICE DOLLAR index, my what a abyss overnight the old fiat debt driven TANKED into. Run for cover is what we see. Pumpity, Pump,Pump,Pumpity,Pump,Pump.

[decoy409]

Say, have you tapped your grandma? Grandpa? Why that can be your next direction as Market Up! Profit Up!

What a Sham.

Pfff!....

[decoy409]

Sorry, can't give the threat the oppurtunity to squeal like a pig.

[frankq]

Oh my! Metals down 1.5%! Stocks up 1.5 - 2%. Hmmmmmm..............

[decoy409]

Yes the paper pushers are running wild! Best of luck to ignorance. All the same, people will come around. I love the smell of burning paper!

Not really but this should be very funny and a rewarding day. News is out, sorry for the misled and misinformed.

But the salesman has a job to do. Heck, the beauty of it is in two words! 'MORAL HAZARD'

[frankq]

LOL !!!!!!!!!

[frankq]

What? No snappy comebacks today? Come on, just because we're getting good economic news, it's no reason to be bummed.......

[Aman A.K.A. Ahamburger]

HAHA!!!

Decoy I found someone who agrees with you..

China says yuan could become a reserve currency: report:
www.baltimoresun.com/business/sns-rt-business-us-china-ectre7220dz-20110303,0,6700747.story

[Guest7]

Say Rovo,Virgil,Moonbeam or any of you others in charge here (no not you FTI),

I would like the blocker you have on me lifted so I can post normally instead of having to get around things as I am.

by me,Decoy409

THE DOLLARS ABYSS,

Last nite after midnight that is, the following news came to life. Yes, you certainly should watch for and expect the change that is shaping up and ready to take play,

China "Attacks The Dollar" - Moves To Further Cement Renminbi Reserve Currency Status
www.zerohedge.com/article/china-moves-making-renminbi-reserve-currency?page=2

www.reuters.com/article/2011/03/02/china-economy-yuan-idUSBJA00246420110302

[rovo]

Decoy, I looked at profile Decoy409 as well as decoy409 and I can not see anything blocking you from posting. Also, I PM'd Virgil to take a look as he is more knowledgeable about this stuff than I am.

[decoy409]

Still on and will not allow me to access but what is up, unless I take the long road around. Found some neat stuff along the way while doing so!
The credibility of some here on this board here has took some serious damage on them as I have gone long way around.
I will run the programs on a backflash and then am I allowed to point out those that think this is the way to stop NEWS from being shown and discussed.

I believe EXPOSURE of those that enjoy the shark feeeding should be exposed and then we can discuss CREDIBILITY of those.

Meanwhile,

Now grab a hold on this as the picture reflects and is playing out,

Quote: The Dollar, and The Next Ten Days
beforeitsnews.com/story/457/166/The_Dollar,_and_The_Next_Ten_Days.html

So is the steel toe work boot coming out this time to give the can a very hard kick? Or will it be a peaceful exit?

[Virgil Showlion]

Regarding your article from the BeforeItsNews blog, Decoy, you do realize that he's predicting

The next ten days will be key: Will the dollar spike up? Become the safe haven of everyone fleeing from the world’s troubles? Or will the dollar nosedive, the first big step down in its death spiral?

...so, casting just a wee bit wide in his analysis.

Also, his proof:

Q.E.D.

[decoy409]

Well as we watch that,as I have been talking much about that is in weeks to come and will help greatly to inhibit the above will be,

Bill Gross: Bond market "D-Day" coming soon, "Who will buy Treasurys when the Fed doesn't?"

With "nearly 70% of the annualized issuance since the beginning of QE II has been purchased by the Fed, with the balance absorbed by those old standbys – the Chinese, Japanese and other reserve surplus sovereigns. Basically, the recent game plan is as simple as the Ohio State Buckeyes’ “three yards and a cloud of dust” in the 1960s. When applied to the Treasury market it translates to this: The Treasury issues bonds and the Fed buys them. What could be simpler, and who’s to worry? This Sammy Scheme as I’ve described it in recent Outlooks is as foolproof as Ponzi and Madoff until… until… well, until it isn’t. Because like at the end of a typical chain letter, the legitimate corollary question is – Who will buy Treasurys when the Fed doesn’t?"

Bingo, we have a winner. This is precisely the issue Zero Hedge has been exposing over the past six months, and is the reason why the Fed is now locked in a QEasing corner from which there is no exit. To his credit, Gross attempts to provide an answer...

www.zerohedge.com/article/bill-gross-asks-64000-question-who-will-buy-treasuries-when-fed-doesn%E2%80%99t-his-answer-i-dont-kn?

[decoy409]

Ahamburger, any idea why they shut off WISE?

[decoy409]

Did you catch the late night wild ride last night by the old debt driven used toilet paper? Now that was a wild ride!
Why it found a new low once again!

Not investing? Wise choice until the slop is solved. Take some time and enjoy yourself!

Off to the crappie hole fishing!

The Shadow King Of Wall Street: “Markets Like Totalitarian Governments”

Wall Street’s shadow king, Blackrock’s Larry Fink who manages over $3 trillion, and is the world’s biggest asset manager, appeared on Bloomberg TV in an interview with Erik Schatzker, and the first thing he said is that the “market likes totalitarian governments.” That one statement explains everything one needs to know about the market performance over the past two years: there has hardly been a time in the past century when all the globalized regimes supporting stock markets and asset prices have been more “totalitarian” by Fink’s, or any other definition, than they are now. And while the *****cracy may welcome the advent of the Communist States of Iosif Vissarionovich Bernankestein, the common folk, as they always do, ultimately revolt violently against any such attempt at supreme government. Zero Hedge regular Mike Krieger was quick to proclaim his condemnation: “This is how these elites think. Even if markets did like totalitarian governments HUMANS DON’T. This guy is pure scum and is exactly what is wrong with America and its policy today. This is also the guy that told us to buy dollars and treasuries yesterday…” But such are the ways of a dying ponzi regime. Everyone knows the end is coming and is inevitable. And while Wall Street’s self-anointed masters of the universe believe they will be able to avoid the ultimate unwind, they are wrong. Just like Gaddafi is finding out first hand right about now.
www.zerohedge.com/article/shadow-king-wall-street-markets-love-totalitarian-markets

[decoy409]

Managing 3 trillion and talking like that. Why there is such a thing as a twin.

[decoy409]

'The Eagles' - There's a New Kid in Town, great old song. This song is relevant just change the chorus to, 'There's a New Low in Town, everybody's talkin' bout it (and has been)......'

After a run for the peak the top was cut short (once again) in early morning and it's back to the downhill slalom.

We lost that 200 day moving average on a steady decline (or will permanently in just a short). Next stop?

Little brush up,

Sept. 17,2010 Dollar on Thin Ice
seekingalpha.com/article/225697-dollar-on-thin-ice

And as Turk has been a very good forecaster, let's have a look from March 3,2011,

Quote: James Turk - The Dollar Collapse Will Shock the World

Today King World News interviewed James Turk out of Spain and Turk issued the following warning regarding the US dollar, “I am looking at the weekly chart for the last 2 1/2 years and my conclusion is that the dollar is forming a massive top. If we stop to consider that gold was rising while the dollar was basically going sideways during this period of time, imagine how rapidly gold will rise when the dollar starts falling.”

Turk continues:

“What I’m watching here very carefully is how the dollar is reacting to events in the Middle-East and higher commodity prices. Brent crude is presently $115 and that is signaling higher inflation. It’s a signal that everybody around the world is watching. So watch the dollar index closely. It broke below 77 and the chart is starting to look heavy.

Eric you have been saying all along that the dollar isn’t bouncing and it now appears the dollar is ready to fall off of the edge of a cliff. The dollar collapse is going to be the next big story. If I am right and the dollar really starts to dive, the implications are global in nature and I truly believe this event will shock the world.

When asked about gold Turk responded, “To me the most important thing is this huge base that we now have in gold under $1,400. I see it as a major launching pad that could easily take gold to my $1,800 target for this year.

When asked about silver specifically Turk stated, “I think the major message in silver is that every dip is well bid for. The shorts and other big players may gun for stops from time to time, but they can’t change the underlying trend, or the very bullish fundamental picture.

When the gold and silver markets start becoming disorderly, then we will know the metals are going to take a breather. But everything at the moment says we should be focusing on higher prices for both gold and silver.”

71 to 74 is seen as the last support if the dollar heads lower. If that support fails and the dollar breaks 71, then a waterfall decline with panic selling could come into play. Turk is right, that event would shock the world.

Now let's see how some earlier (2007) calls have been doing,

Quote: How Low Can the Dollar Go? Thoughts from 12 Experts
Recently the dollar has seen troubled times. After reaching parity with the Canadian dollar and the offloading of US Treasuries from Asian countries, things just aren’t looking good. Find out what financial experts have to say about the dollar’s future.

1) Paul Robinson, Barclays: "We expect it to get quite a bit weaker."

The Telegraph reports, "Barclays expect the Fed to cut rates by another quarter point to 5pc in a move that further erode one of the dollar’s key props." Paul Robinson, strategist for Barclays, explains, "We’re dollar bears. The dollar is coming up for an important few weeks. We expect it to get quite a bit weaker." They believe that it’s possible the dollar could fall to $1.50 on the euro.

2) Thomas Stopler, Goldman Sachs: "The data suggests there will be a weaker dollar."

Thomas Stopler, economist for Goldman Sachs, predicts a troublesome future for the dollar. Based on the negative capital-flows situation, he interprets data to mean that "there will be a weaker dollar."

3) Marc Ostwald, Insinger de Beaufort: "Woe betide US Treasuries if inflation does not remain benign."

According to a report from The Telegraph, "data from the US Treasury showed outflows of $163bn (£80bn) from all forms of US investments." Mac Ostwald of Insinger de Beaufort finds these numbers "absolutely stunning," and warns that inflation could make things even worse for the dollar: ""Woe betide US Treasuries if inflation does not remain benign." $52 billion worth of the treasuries in the outflow are from Asian investors, including Japan, China, and Taiwan.

4) Ian Stannard, Paribas: Data is "extremely negative."

According to Ian Stannard of Paribas, things aren’t looking good for the dollar, as "it is not just foreigners who are selling US assets. Americans are turning their back as well." He believes that this situation "exceeds the worst fears," and ultimately, the data is "extremely negative" for the dollar.

5) Rodrigo de Rato, IMF: "The dollar remains overvalued."

Although the dollar has fallen quite a bit already, International Monetary Fund chief Rodrigo de Rato asserts that it’s still "overvalued relative to medium-term fundamentals." Digital Journal reports that the IMF hinted "the dollar may be headed for further decline," with the US trade deficit, slow-growing economy, and cut in interest rates to blame.

6) Jerome Booth, Ashmore Group: "The dollar will keep falling in the near term no matter what."

Jerome Booth isn’t optimistic for the dollar, either. He believes that it’s just not a good investment vehicle: "It’s a question of returns, and returns in dollar-denominated assets are simply very low when compared with other regions." Because of this, his prediction is grim, asserting that "the dollar will keep falling in the near term no matter what."

7) Nick Bennenbroek, Wells Fargo Bank: Recent "strength in the greenback is corrective."

In a note to clients, Wells Fargo currency strategist Nick Bennenbroek asserts that there’s still room for a greater dollar fall. He explains, "We do believe the greenback is consolidating and not too far from bottoming out, but today’s price action suggests there is still potential for some further weakness." According to Bennenbroek, recent gains in the dollar’s strength are "corrective."

8) Michael Woolfolk, Bank of New York Mellon: "The dollar has further room to fall regardless of incoming US data."

Senior Bank of New York Mellon strategist Michael Woolfolk seems to think data and opinionated buzz points to a weakening dollar. "Bearish dollar-sentiment appears to be solidly in place going into the weekend," he said. Because of this, Woolfolk thinks that, regardless of incoming US data, "the dollar has further room to fall."

9) Alan Greenspan, Former Federal Reserve Chairman: China offloading of US Treasuries "won’t trigger any rapid drop in the US dollar."

Greenspan doesn’t see doom in the dollar’s near future. Although China sales of US Treasuries are troublesome, he believes that "markets are clever enough not to overreact." He says this is old news, and doesn’t expect to see a large reaction. An attendee of Greenspan’s presentation reports his sentiment as, "It’s already-known information that won’t trigger any rapid drop in the U.S. dollar.”

10) Eisuke Sakakibara, former top Japanese Ministry of Finance official: "We could see a plunge in the dollar."

Eisuke Sakakibara is concerned that if US economic growth "fall below 1 percent," the dollar may "plunge." This plunge, according to Sakakibara, would require intervention from the US, Japan and the EU to put a stop to it.

11) Masashi Kurabe, Bank of Tokyo-Mitsubishi UFJ: "Negative implications for the dollar."

Masashi Kurabe sees the possibility of stagflation, a period of both inflation and economic stagnation. "Economic data raise the question whether the U.S. economy will fall into stagflation,” he says. A period of stagflation could have "negative implications for the dollar."

12) Mansoor Mohiuddin. UBS AG: "We continue to view dollar weakness as unsustainable."

Mansoor Mohiuddin sees a positive future for the dollar, calling its current weakness "unsustainable." He believes that the G7 meeting will spark a resurgence of the dollar, explaining, "A strong G7 statement this weekend could be just what the dollar needs." Bloomberg reports UBS "predicted the dollar will rise 5.2 percent in the next three months as the Federal Reserve delays further interest rate cuts."

Despite a few experts with a positive outlook for the dollar, the general consensus reflects a future that doesn’t look good. According to these experts, there is room for the dollar to continue to fall, and currency traders should vigilantly look for political and economic indicators that could bring trouble for the dollar.

And indeed as of late the IMF has called for the reduction of the dollars net worth due to the escalading problems it has caused on holdings of world wide. See the old press should have not been given the go ahead on the print 24/24 7 days a week.

[Guest9]

That was quite the run down above Decoy. So how much longer do you calculate before they turn the WS spicket off?

[frankq]

"And indeed as of late the IMF has called for the reduction of the dollars net worth due to the escalading problems it has caused on holdings of world wide. See the old press should have not been given the go ahead on the print 24/24 7 days a week."

Can you quantify this with sources? All I've found states that the use of SDR's would be easier due to fluctuations between world currencies. I have seen nothing in the context of the statement made above. Please post the sources and links so we can check them out.

[Guest9]

Well this came out in Feb. (this year). And if you shop around at the IMF you can read from the minutes the same thing.

IMF says weaker dollar would help global growth
news.smh.com.au/breaking-news-world/imf-says-weaker-dollar-would-help-global-growth-20110224-1b5yd.html

As well it talks abouty the currency war we are in.

[decoy409]

Say that's interesting news above!

Well Frank Q. looks like the source you asked for is right from the horses mouth.

Now I get a kick out of others saying that 'It will never happen!' Well how can experts be saying such when in FACT it has already begun,

I read the following at 'Financial Times' as well as a few other places on the following,

China’s Renminbi Becoming a World Currency?
articlesofinterest-kelley.blogspot.com/2011/01/chinas-renminbi-becoming-world-currency.html

The article goes on to say that there is much to be done before hand but clearly the process has already begun.

So this is why I do not understand why somebody would be saying the following when clearly the process has already begun,

Quote: As China attempts looking like a legitimate country and attempts to make their currency appear legitimate...remember three important facts.

#1 in order for China to even be considered part of a basket of currencies that would be a partial alternative to the dollar it would have to double or triple its gold reserves...which would cause a temporary (as in how long to acquire said reserves)rise/spike in price.

#2 It would behoove China to purchase those reserves as ...cheaply as possible...like on dips....or a correction.

#3 China is a long term communist foe....who sees itself as superior in all ways and will advance its case to show ya the first chance its gets. Watch those gold markets....have you ever seen a global three card monte?

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=115&page=33#ixzz1G3dQFvUk

Sure, I will gladly get into how much GOLD has been aquired as of late through China by way of processed plastic filling of the store shelfs of the american purchaser, and the purchaser buying them up and the peanuts on the dollar in their cost is being recalculated and buying GOLD.

Why here is a tad of a taste for you,

Quote: RT News China Buys Gold Like Crazy


Brazil has gotten ahead in the world and there money worth now more than the debt note dollar. And China helping old Brazil get those goods that are so desired for modern day civilization to enjoy because they cost 'LESS' by getting them from China rather than producing them on their own.
Then comes along the old greenback weighting time down, and time is money. Countries are ready to roll and the wait for the already due debt notes year in and year out plus now the dwindling as she stands are not acceptable. Our trade deficit already stands gonzo and certainly I am not the only person paying attention to matters at hand,

Quote: excerpt - For the year overall, the U.S. trade deficit fell much deeper into the red, to a whopping $497.8 billion, up from the $375 billion trade deficit in 2009. money.cnn.com/2011/02/11/news/economy/trade_balance/index.htm

and a great inside joke to that piece,

Quote: America's hottest export: Weapons

(excerpt) - Then, last summer, rumors surfaced about a deal -- a big one. The workers at the plant followed the news online, where defense publications reported on the details of the sale. The would-be buyer, they learned, was Saudi Arabia, and the proposed order was massive -- 84 planes, as well as upgrades to older jets. In October the Department of Defense, which administers sales to foreign countries, finally announced an arms package worth some $60 billion, including 70 Apache attack helicopters, also made by Boeing (BA, Fortune 500), and the fleet of F-15s.

Boy that's some good humor hey! Saudi Arabia,why who would figure!

Now go check the ICE www.theice.com/productguide/ProductDetails.shtml?specId=194 and see the unusal lift to the 'uphill' slope that was built as of the past few hours and the downhill ski trail ensueing and then span the chart over the past 2 years and have a good look.

Take into account the variables in play back home here and then this outlook that in how many years before milions are back to work? Oh and don't forget to keep in mind the IMF's statement as to 170 countries and what the vote was on the U.S. being able to reduce it;s deficit in the next 2 years and tack in at that point the big reductions just made. Big reductions? Where? Cuts as in cutting off the middle class and poor further.
It's a joke. And the best part of that joke is $12.8 TRILLION holding up the baby,Wall Street. Oh you can most surely look forward to some really big party surprises beyond many of the best wildest imaginations.

[decoy409]

Where oh where did you go Frank Q. Why your question was answered and some other great news was put out as to the reckless call on gold plunging.

[decoy409]

Frank Q. Would you like to help stop the reckless conversations and words that go on here on in Market Talk?

Well here is a GREAT idea!

When you call somebody out as in,

Quote by Frank Q.: "And indeed as of late the IMF has called for the reduction of the dollars net worth due to the escalading problems it has caused on holdings of world wide. See the old press should have not been given the go ahead on the print 24/24 7 days a week."

Can you quantify this with sources? All I've found states that the use of SDR's would be easier due to fluctuations between world currencies. I have seen nothing in the context of the statement made above. Please post the sources and links so we can check them out.


Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=3573&page=4#ixzz1G6x1h1Qx

Now Frank Q. I supplied this information once before to you. Now instead of acting like you don't know anything (which maybe you do not and never read the information I already supplied), and then joining the bandwagon against people not knowing what they are talking about, how about responding to that in which has been answered for you as in #116,#117.

As well as FTI in which I have quoted in #117 and anwered in a partial but am more than willing to spill a little more.

After some thought last night I have come to the conclusion that if people want talk about things that are going on then they should have the decency to back what they are talking about instead of fast quirks and self professed claims.
Sure would clear up a whole lot of air and reckless nature quite possibly could be quelled.

[decoy409]

Gold & Silver SOAR!

Edited to remove poster's name.
Deminmaine- Moderator

[decoy409]

Since the clan is here this morning and they care not to address what they are claiming to be b.s. or won't happen when indeed it has already begun (as noted above) then we will leave this one alone.

[decoy409]

I made the move above and have presented 'check.' And thse two will be in 'Checkmate' as they are unable to back their words.
And then this will be a done issue on the record.

Simply can not go around and make claims I am told without supportive information linking to it on these boards. Why even if you want to call yourself a 'expert' that does not fly with no supportive documentation.

[decoy409]

Well they are here and will not address there misguided words they are posting for others to read.

This is what happens here on Market Talk frequently.