The Dollars Abyss - It's a SHAM WOW

[decoy409]

Well I was told to debate,not to use certain words,and to bring the supportive news objecting to what some others profess.

I did that. And in turn those that are doing the smack talk are unable to justify their postion after I posted the FINANCIAL follow up to their own words. In turn others wonder why I am harsh? No need to wonder those that are. I want debate with reason from those.
As of this morning I see now that those in which I speak of are unable to fortify their ground. And that spells failure by conquor of the facts at hands.

[decoy409]

Well since the expert is unable to calculate 'check' the demise of the old debt note thread will stay alive.

Here is some good humour about,

Quote: Eliminating $1 Bills Could Save Billions
finance.yahoo.com/banking-budgeting/article/112302/eliminating-1-bills-could-save-billions?mod=bb-budgeting

I am thinking just having a chip would be easier than coins or paper.

[frankq]

Decoy,

Show me where the IMF has said that the U.S has acted irresponsibly and recklessly as you have stated. Everything you post is in regards to SDR's. There is a solid reason to consider SDR's. It would appear that, once again, you have read your own meaning into the sources. Instead of trying to sound clever, which you do not, why don't you just answer the direct question posed? Enough with the riddles.

[decoy409]

Frank Q, #116 and #117. No I am not going to read to you the IMF minutes. You are a adult and able to do that all on your own. Of course you could pay somebody like a expert.

[frankq]

Mar 9, 2011 15:07:09 GMT -5 decoy409 said:

Frank Q, #116 and #117. No I am not going to read to you the IMF minutes. You are a adult and able to do that all on your own. Of course you could pay somebody like a expert.

Of course you won't supply facts to back your statements. Thank you for answering my question as I assumed you would. Next time you "quote" a source, maybe you should really make sure it supports your statements.

[decoy409]

Deleted for an attack on Frank Q.

[frankq]

Mar 8, 2011 17:24:16 GMT -5 @Guest9 said:

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.

And the "quote" you speak of comes from the Brazilian government, not the IMF. And China is mentioned in the article too. The quotes directly attributable to the IMF specifically state that a weaker dollar would help world growth. I don't know where you guys are reading that the IMF has stated that the U.S. "has acted irresponsibly" or any wording resembling "non-stop printing presses". It does, however, sound like quotes we've seen by two posters out here eh?

You guys are entitled to your opinions, but if you're going to back them, please insert accurate quotes and source them. From your source:

The International Monetary Fund called for a weaker dollar to help the United States reduce its deficits with the rest of the world and rebalance the global economy, in a report released Wednesday.

In the report prepared for a Group of 20 finance chiefs meeting last week, the IMF said that its calculations showed the dollar remains "on the strong side" of medium-term fundamentals, while the euro and the Japanese yen were "broadly in line" and several Asian currencies, including China, were undervalued.

To address global imbalances, the G20 should allow the dollar to fall, the Washington-based institution said.

Story continues below "Some further real effective depreciation of the US dollar would help ensure a sustained decline of the US current account deficit towards a level more consistent with medium-term fundamentals, helping to support more balanced growth," the IMF said.

The widening US current account deficit -- a broad measure of trade in goods, services, income and payment -- rose a fifth straight quarter in the third quarter last year, to $127.2 billion, according to the latest US official data.

The issue of a weak dollar is particularly sensitive in Brazil, where the government has said an international "currency war" is under way with the United States pumping cheap US dollars into its post-crisis economy, while China's yuan sinks in tandem.
Checkmate.

[decoy409]

Frank Q. your 'inability' to comprehend is staggering to say the least.

[frankq]

Ok. I'm reading the story above.......I guess I am missing something, like what you attributed as quotes from the IMF......

[Virgil Showlion]

Frank, Decoy, so I don't have to dig through this thing: what is the argument about?

Something the IMF said?

How about a two-sentence summary of the problem from both of you and we'll see if we can't sort this out peaceably.

[frankq]

Bottom line. Decoy claims that the IMF made a statement to the effect that due to "the irresponsibility and uncontrolled running of the printing presses", that the dollar should be replaced as the reserve currency. What the IMF actually said is that a weaker dollar would promote global growth. What the IMF said is posted above from "Mids" alter ego post. I have checked Decoy's noted sources and can find no wording such as Decoy says exists. An opinion is fine. To come out and attribute certain quotes to the IMF or anyone else without apparent backup is not right. The IMF has stated it's reasons to look at going with SDR's and it does make sense to me. That doesn't mean the IMF is pushing a "world currency", just, possibly. a more practical way to conduct international business given the sometimes substantial fluctuations between world currencies and the lag time between the onset of a transaction and the delivery of a particular product, commodity,etc. The idea of SDR's has been around for decades. I have attempted reasonable discussion and have held my tongue while weathering the usual insults when debate gets down to brass tacks with Decoy. I even stated that if he could show me where the IMF said that the U.S. acted "irresponsibly" or anything regarding "uncontrolled running of the printing presses", I would apologize. As far as any statements of currency wars, that is a statement from the Brazilian government. I asked for clarification and verification. He got his balls in an uproar because I dared to question his statements. It's immaterial at this point. I don't put much stock in most of what he says anyway.

Hey Virgil, you've had a busy enough day. Take the rest of the night off.

[frankq]

And now the Decoy Network returns to it's regularly scheduled programming........

[decoy409]

Boy Frank Q. you need somebody to read to you? You need to go back to #117 and READ and pay attention.
And for your thoughts on 'clarity' I will make sure to it that I add mine seperate just for you.

[Virgil Showlion]

Decoy: When Frank asks you a question, he's trying to understand your point of view. Read his questions carefully and give him the information he's specifically asked for. Some of these articles are pages long. It isn't unreasonable for Frank to want specific quotes.

Frank: You're not blameless here either.

I believe the contentious statement is "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." [1]

You also mention a statement, "the irresponsibility and uncontrolled running of the printing presses" [2], which I haven't been able to find?

Paraphrasing [1] as "the U.S has acted irresponsibly and recklessly" is a stretch. If the characterization is based on [2], it will help to know where you got [2] from.

I agree that the SMH article is more about devaluing the dollar as a tool for global growth, although it does feature the statement:

Among the threats to global growth, the IMF highlighted "insufficient progress in developing medium-term fiscal consolidation plans, especially in the United States and Japan" and "sovereign and banking sector risks in the euro area periphery."

which is IMF-speak for "The biggest threats are the US and Japan making zero progress on getting their ridiculous debts under control, and the Eurozone's cratering banks."

Perhaps you two can find some common ground in (World Bank President) Mr. Zoellick's comments on the USD and SDRs. He says neither.

Life's short. Be civil. You especially, Decoy.

[decoy409]

Virgil, 'all things come to light, and all things will be exposed as to what they really are' and you can bank on that.

[frankq]

Mar 9, 2011 21:22:25 GMT -5 decoy409 said:

Boy Frank Q. you need somebody to read to you? You need to go back to #117 and READ and pay attention.
And for your thoughts on 'clarity' I will make sure to it that I add mine seperate just for you.

When you do, please edit for spelling so that those of us that speak English can understand the ramblings......

[frankq]

And now, the Decoy Network will re-return to it's regularly scheduled "programming".

[decoy409]

Frank Q. just keep things in mind,that's all.

Have a good eve Frank Q.

Have to get back to the action here at the captiol. Arrests are being made and the people have turned a new side to the words, 'Peaceful Protest'

[decoy409]

Say there is a 'New Low' coming to town. Resistence level barely holding.

[frankq]

Yeah, all these foreign countries as well as Japan aren't going to want to accept a penny in American aid, what with those worthless fiat debt notes and all........

[decoy409]

Remember this

Have a good day! Off to the outdoors!

[decoy409]

Soon to be 'Checkmate.' Don't get caught with your pants down!

[decoy409]

Why in a fration of points we will be at 75. Hooray! A PLUNGE you can count on.

[dumdeedoe]

When you buy a SDR you are buying a IMF created trading currency that is a ave. of the 4 major powers.
US dollar = 41% weight
Euro = 37% weight
Yen = 9% weight
pound = 13% weight

So it hedges against any huge change in currency values..

I believe the IMF are trying to use this currency as the standard. and get rid of all others for trading purposes. Tis would benefit us greatly. China could devalue its currency all they wanted but it could not be used for trade. So that is why China or the rest of the world will not do it. They would lose the ability to regulate their currency vs ours.
Thus the currency war that decoy so often speaks of. The haves (us and euro) vs the have nots(the rest of the world)

I disagree with decoy on fiat vs gold standard ability to handle trade deficits..
We have a trade deficit of 400-600 billion a year. we give China or other nations, US dollars that have a value, they give us 400-600 billion dollars worth of cheap crap that isn't worth anything in 3 years..They invest our dollars in US treasuries and other such we print more money to compensate.. A bad situation to say the least...
But if on the gold standard 400-600 billion dollars in gold would flow out of this country into China ect... until our nations net worth would be nothing... And we couldn't make that back..

To say your countries net worth is tied to a brick of metal and not to its production and tech. is a backwards way of thinking that would take us back to the dark ages,and global wars...........

[decoy409]

Sure,I will keep on the topic that is happening although ignorance amongst some runs strong. Why let me put a piece of the puzzle in for you,

Quote: March 10,2011 US backing for world currency stuns markets
US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
info.themicroeffect.com/?p=1643

[decoy409]

There should be no mistake between what has happened in Japan and the faltering debt note. As the news above points out.
Whe we are now just a tad away from hitting the new debt note low these days which will be 75. Barely holding at 76 as the ongoing trail shows.

[frankq]

"To say your countries net worth is tied to a brick of metal and not to its production and tech. is a backwards way of thinking that would take us back to the dark ages,and global wars..........."

Well said. Maybe that's why gold is taking such a hit during this disaster while the dollar is, again, the safe haven........

[frankq]

Mar 15, 2011 10:43:58 GMT -5 decoy409 said:

Sure,I will keep on the topic that is happening although ignorance amongst some runs strong. Why let me put a piece of the puzzle in for you,

Quote: March 10,2011 US backing for world currency stuns markets
US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
info.themicroeffect.com/?p=1643

And Decoy, you are missing the point of why it is being (SDR's) considered as well as the benefits to many countries, including ours. You also fail to acknowledge that the idea is decades old.

[decoy409]

Quote by Frank Q. : And Decoy, you are missing the point of why it is being (SDR's) considered as well as the benefits to many countries, including ours. You also fail to acknowledge that the idea is decades old.

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=3573&page=6#ixzz1GhXSCUpq

Sorry Frank Q. but that does not fly. See I have been watching and tracking the developments for years. And things really started getting good in just the past year alone.
Fail to do what frank q.?

Oh fail to give you any credit because as a investor,as you certainly have not been keeping up with things.

[decoy409]

What??? Did you expect the market to turn to roses over $40 Billion being injected???

FED just turned in the paperwork as ordered a short time back as to there $12.8 TRILLION injected into the market over the course of the past 3 years alone!!!

Ben is going out to buy up $1.2 TRILLION of DEBT back in a couple of weeks now from China.

People have the protests ready to go and to kick off by the end of the month here against the FEDERAL RESERVE.

UK has announced the go ahead for a massive revolution.

And you have the latest in Japan with radiation going to the jet stream.

Boy we could go on and on but paper pushers are bound and determined to claim MORAL HAZARD when she goes.

And my,see what a infusion of overnight doe to the debt ridden fiat note looks like! Go see the ICE DOLLAR INDEX if you can't figure that one out.

SUPER MILKER has been right on cleaning up every drop to be had.