The Dollars Abyss - It's a SHAM WOW

[lifewasgood]

Hanging around the 74.75 area is not good and unless the dollar finds a little support by weeks end, it is well on its way to the next stop of 72.5. Months ago you and I engaged on the old board wondering if the air was coming out of the dollar all at once or slowly. Well the answer was and is slowly. By fall the dollar could very well be below 70 and that will make main stream media news. Maybe intervention, maybe not!

[decoy409]

Quote: Months ago you and I engaged on the old board wondering if the air was coming out of the dollar all at once or slowly. Well the answer was and is slowly
(end of excerpt)

Indeed we did lifewasgood. The book was open long back and those that choose to see inside have. Others keep chewing the cover.

That's where the 'You buy them books and they chew on the covers' comes in.

[decoy409]

Did somebody sneeze? lifewasgood was that you sneezing 72

Another call by Decoy as to your debt ridden note and here we are playing with 74.

[lifewasgood]

Dollar is struggling (74.69), it is critical to close above 75 by COB Friday or get ready for a march down hill.

[decoy409]

Forget the 'Limbo' dance move,

The Moody Blues- Steppin' in a Slide Zone

[txmover]

Yee Haw...gold is going to the moon and Decoy has some... Pummpy Pummpy Pump Pump....I guess it's ok when the majority of Americans ( I mean real RED BLOODED Americans who work and die to for the Dollar) are left holding a pile of worthless paper because Ol' "Decoy the Inhaler" has some and can't wait to make a profit!!! I can see it now, DTI will be nipping off bites of gold to buy minnows as he runs off into the woods to escape the work that will need to be done because HE TOLD US SO. Pump that GOLD DTI, I guess you're the only one that can't see the TRUTH. You are a hypocrite in the WORST WAY!!!

[Deleted]

Huh??

Translation needed please

[txmover]

Just picking on Decoy for always bad mouthing the fact that FTI likes to make a profit.

[decoy409]

Why l@@k what I can do!

Magic words and broken oaths and the debt note spiked (for a moment to 75.2). But the tale is a old one and confidence is not what is used to be. And the great climb ended ASAP and downward trend insued,again.

There is some really great stuff coming up!

Party on (Hardy,Har,Har!) and don't get caught with your pants down!

[decoy409]

Follow along close on the ski hill folks!

[decoy409]

Back Burner Fuel is what we need but their is nobody left to fool. So how long can support be held?

Quote: "Discussions on the U.S. losing its AAA-status have been active for two years, if not longer. S&P's move might have been a jolt, but should not really be a true surprise," said David Watt, senior currency strategist at RBC Dominion Securities.
(end of excerpt)

Well the past 2 years for some and others have watched it's demise for years.

Euro knocked by sovereign debt fears, yen shines
uk.reuters.com/article/2011/04/18/businesspro-us-markets-forex-idUKTRE73D6Z920110418

Well it should be shining with all the GOLD that has been bought up for that SDR. And not only in yen world at that.

IMF chief defends yuan’s SDR inclusion
www.commodityonline.com/futures-trading/currency/IMF-chief-defends-yuan%E2%80%99s-SDR-inclusion-4923-2.html

[decoy409]

Great Gains??

I am setting sights on hanging in the 74's now. What a messy downhill.

But Market Up! Profit Up!

[Driftr]

I don't follow FX things for myself. I trust Denninger to do all the heavy lifting. He reports 2009 lows have been taken out. Best for the Fed to pull some liquidity before much longer or free-fall may happen.

market-ticker.org/akcs-www?post=184598

[jarhead1976]

Not a good outlook.

[decoy409]

You watch things for what you know,and Decoy will watch things for what he knows. Those of you that still think it is a big joke. It's no joke and if you do not have things together in 'Fine' fashion,well please do so.

[decoy409]

All Aboard!

Why it's just like magic! We hit the 73's and our balancing on the the low 74's (74.11)

How low,can you go

[decoy409]

Heres a good one!

Dollar’s Biggest Decline? 2001-08
www.ritholtz.com/blog/2011/04/dollars-biggest-decline-2001-08/

Mr. T is calling for pain just ahead.

[Virgil Showlion]

Hi Decoy, you might be interested in the following regarding Axel Merk:

Axel Merk: Why Is Anyone Still Waiting to Sell the Dollar? (courtesy of Chris Martenson):

... So for now people think “We have economic growth kicking in”, until the next economic numbers are not as great as expected and so it is a bit like a boiling frog syndrome. You print in all this money, you think everything is great and you have some warning signs but you think “Things are moving along” and by the time that you really see the damage you have created, it is quite late to undo this damage and it is going to be very, very expensive and painful."

So remarks Axel Merk, currency specialist and founder of the Merk Mutual Funds, who is perplexed by those waiting for additional warning signs to sell the dollar. In his view, we have all the evidence we need. He and Chris discuss the inner workings of the Fed and the course it is determinedly charting - and the looming dangers ahead for the US dollar.

In this podcast, Axel explains:

• Why Ben Bernanke is hell-bent on debasing the US dollar to spur economic growth
• How the politics of the Fed work, where the power lies and which arguments and actions are likely to carry the day
• Why inflation expectations actually matter more than actualy inflation, and why the Fed will not rest until it is satisfied the market expectations for inflation are higher
• That the US is on its way to a fiscal trainwreck - a reality our political leadership continues to lack to backbone to address honestly
• The Fed's powers are prodigious, but not as great as the market. If and when the market moves against policymakers, nothing will stop it. The growing risk is we quickly tip into the inflation the Fed wants, which then quickly leads to runaway prices
• His outlook for gold and why he thinks this "ultimate currency" can go much higher from current levels
• How the US is caught in a Catch-22: our loose monetary policy continues to encourages credit consumption that makes us increasingly vulnerable; but we're so indebted already that if the Fed tightens rates, the economy could easily fall into a full-blown depression

Looks like a Decoy-compatible read.

[decoy409]

Virgil, well I caught the 40 mins. Ben's great thesis? 9/11 tech bubble?

Well it was a country that has been raped and pilferred,shaping and molding the people all along with bad fundamentals that seamed (as they were presented) so harmless. The country is BANKRUPT and war would cover the up the real problem at hand. Nothing like mass murder and justification for.

Let's run Ben's great thesis against Great Jobs in the US now sold out down the road and out of town.

Leverging once a good thing with honest intent and principal became over creation caused by speculation (or the Mask).

Then he goes onto say 'Understand the Feds thinking?' I say 'GET REAL' as the Fed is not playing their role as they are playing a dual role!

MBS into Treasuries can continue???

Jackson Hole last fal (2010) Ben calls for higher inflation to cover the bets. The ones affected by inflation the most? Why those on the lower end of the Totem Pole.

Now all of this is NO GOOD without creation in which brings me back to Free Trade which as example is no different for say than the Mexico Border.

Now 'REAL VALUE' is due to 'INFLATION' as far as price goes,caused by...... And the cure for? GET REAL! CURE!

Back to Joe Blows back is the 'Final Destination', and in turn we have 'Class' reduction (Rich-Middle Class-Poor) in which is already HISTORY in the books with a Middle Class lined up to make that History go further.

Meanwhile the Puppet Master has about 90% (in this country) having the blind leading the blind.

Now we can talk in a few years we run out? Time is of escense? Running out of Tools? Policy,Policy,Policy? Over 100% GDP in or countries that are just about there? Why NEVER in peacetime has their been this.

Why do I call it a CASINO? Simple,you follow the money!

So Virgil that is what I gathered from the 40 mins.

[decoy409]

Virgil, as I say it all comes out in the wash. After review your thoughts. And the nightly news now really speaking out? What gives there? Having to soften up the masses on Fantasy Island?

Quote: April 25,2011 Wall Street Behind High Food-Oil Prices Causing Global Instability (Video)
www.activistpost.com/2011/04/wall-street-behind-high-food-oil-prices.html

[Virgil Showlion]

And the nightly news now really speaking out? What gives there? Having to soften up the masses on Fantasy Island?

They throw in the occasional puff piece to make it seem like they're on the ball.

Of course, all they do is parrot the core CPI number and then interview the obligatory two WalMart shoppers: the lady that has "kind of noticed" that prices are going up, and the guy that "can't really tell", because he's still finding great bargains on lawn gnomes.

[decoy409]

Nothing has changed in this arena,right on course. :

[jarhead1976]

China vs American GDP.. Read the IMF response to the writer after they reported the news. www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25

April 25, 2011, 7:20 p.m. EDT
IMF bombshell: Age of America nears end
Commentary: China’s economy will surpass the U.S. in 2016

[decoy409]

jarhead, where is that reply located?

[decoy409]

WORLD FOREX: Dollar Extends Losses Ahead of Fed Decision
online.wsj.com/article/BT-CO-20110426-706555.html

Well I hate to say it but....

excerpt: The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 73.85 compared with 74.024 late Monday in New York.

[jarhead1976]

It is located in the same article at the end of page 2.

[decoy409]

jarhead obviously the excerpt here initiates thought,

(excerpt) - The IMF is entitled to make its case. But its argument raises more questions than it answers.

First, no one measure is perfect. Everybody knows that.

But that’s also true of the GDP figures themselves. Hurricane Katrina, for example, added to the U.S. GDP, because it stimulated a lot of economic activity — like providing emergency relief, and rebuilding homes. Is there anyone who seriously thinks Katrina was a net positive for the United States? All statistics need caveats.

Second, comparing economies using simple exchange rates, as the IMF suggests, raises huge problems.

Currency markets fluctuate. They represent international money flows, not real output.

The U.S. dollar has fallen nearly 10% against the euro so far this year. Does anyone suggest that the real size of the U.S. economy has shrunk by 10% in comparison with Europe over that period? The idea is absurd.

China actively suppresses the renminbi on the currency markets through massive dollar purchases. As a result the renminbi is deeply undervalued on the foreign-exchange markets. Just comparing the economies on their exchange rates misses that altogether.

Purchasing power parity is not a perfect measure. None exists. But it measures the output of economies in terms of real goods and services, not just paper money. That’s why it’s widely used to compare economies. The IMF publishes PPP data. So does the OECD. Many economists rely on them.
(end of excerpt)

Just follow the money,not the stock. The money will lead you to the stock.

It always works out that way. I call it covering the shorts from the other side of the fence. Just backing or hedging bets is all. A loaf of bread to some is a buck,but that buck to them is like 10 bucks as well.
On the other side of the fence,well that same buck is like a penny laying in the parking lot.

[decoy409]

The old fiat ridden debt note is having a struggle durring these nights.

Appears the title here will have to be reset to the '72's shortly.

[decoy409]

I started the Dollar Abyss thread Feb.18 or just about 2 months ago. I started this thread to throw some cold hard reaity at those that have supported PONZI and have called it anything but.
I replace 73's today with 72's and we started this thread while in the 77 range.

Stocks? A crap shoot in today's times. Currency,play the short term.

[jarhead1976]

There is no inflation though. So says Ben