Dollar Dropping

[Eugene]

[quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[quote]but the strength of your conviction (or lack thereof) in a coming gold crash is belied by your unwillingness to put any money on the line with me.[/quote]

It’s not that I lack conviction in a coming gold crash … it’s that I lack conviction in you. I just don’t see you as trustworthy enough to bet against, especially compared to my broker. No offense. If you can convince a neutral third party (e.g. Rich) to keep money in escrow, then we can talk. I made enough money in the stock market this year, I can afford to lose a couple hundred bucks.

[quote]check out the Chinese – they aren’t just spitting into the wind – they intend to have the next reserve currency and they will back it with precious metals[/quote]

50 million lemmings can’t be wrong …

[partypup]

[quote=Eugene][quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[/quote]

Eugene,

I’m just curious: where do you see the dollar heading? Specifically, it now hovers at 76.49 on the USD index, which represents a 3.67% loss in one month.

1. Where do you think the dollar will sit on that index by Dec 2010?

2. Do you believe the U.S. will retain its sole reserve currency status by Dec 2010?

I pose these questions because your answer will provide some insight into the soundness (or lack thereof) of your analysis above, and it will determine whether further discussion on this topic is even warranted.

And as for food…there is this little issue called “climate change” that you should probably prepare yourself for.

[partypup]

[quote=Eugene][quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[/quote]

Eugene,

I’m just curious: where do you see the dollar heading? Specifically, it now hovers at 76.49 on the USD index, which represents a 3.67% loss in one month.

1. Where do you think the dollar will sit on that index by Dec 2010?

2. Do you believe the U.S. will retain its sole reserve currency status by Dec 2010?

I pose these questions because your answer will provide some insight into the soundness (or lack thereof) of your analysis above, and it will determine whether further discussion on this topic is even warranted.

And as for food…there is this little issue called “climate change” that you should probably prepare yourself for.

[partypup]

[quote=Eugene][quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[/quote]

Eugene,

I’m just curious: where do you see the dollar heading? Specifically, it now hovers at 76.49 on the USD index, which represents a 3.67% loss in one month.

1. Where do you think the dollar will sit on that index by Dec 2010?

2. Do you believe the U.S. will retain its sole reserve currency status by Dec 2010?

I pose these questions because your answer will provide some insight into the soundness (or lack thereof) of your analysis above, and it will determine whether further discussion on this topic is even warranted.

And as for food…there is this little issue called “climate change” that you should probably prepare yourself for.

[partypup]

[quote=Eugene][quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[/quote]

Eugene,

I’m just curious: where do you see the dollar heading? Specifically, it now hovers at 76.49 on the USD index, which represents a 3.67% loss in one month.

1. Where do you think the dollar will sit on that index by Dec 2010?

2. Do you believe the U.S. will retain its sole reserve currency status by Dec 2010?

I pose these questions because your answer will provide some insight into the soundness (or lack thereof) of your analysis above, and it will determine whether further discussion on this topic is even warranted.

And as for food…there is this little issue called “climate change” that you should probably prepare yourself for.

[partypup]

[quote=Eugene][quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]

Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.

[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]

Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?

[/quote]

Eugene,

I’m just curious: where do you see the dollar heading? Specifically, it now hovers at 76.49 on the USD index, which represents a 3.67% loss in one month.

1. Where do you think the dollar will sit on that index by Dec 2010?

2. Do you believe the U.S. will retain its sole reserve currency status by Dec 2010?

I pose these questions because your answer will provide some insight into the soundness (or lack thereof) of your analysis above, and it will determine whether further discussion on this topic is even warranted.

And as for food…there is this little issue called “climate change” that you should probably prepare yourself for.

[scaredyclassic]

i think the problemw ith saying something like “gold shouldve crashed to $600 u.s. or “it will be $2,000” is that those dollar figures are not very stable entities. T be so confident in future performance of anything, you have to be pretty damned confident about the currency. Anyone that confident about the u.s. dollar has cojones, imo. it could remain stable quite a while longer, longer than anyone expects, or it could be unraveling as we speak. gold going to 2,000 might mean a fall int he price of gold if we adjust our decimal points in some sort of currency makeover. numbers don’t mean much. Since all my investment decisions are invariably wrong, it’s just astonishing to me that ive made money lately on gold silver and even oil.

[scaredyclassic]

i think the problemw ith saying something like “gold shouldve crashed to $600 u.s. or “it will be $2,000” is that those dollar figures are not very stable entities. T be so confident in future performance of anything, you have to be pretty damned confident about the currency. Anyone that confident about the u.s. dollar has cojones, imo. it could remain stable quite a while longer, longer than anyone expects, or it could be unraveling as we speak. gold going to 2,000 might mean a fall int he price of gold if we adjust our decimal points in some sort of currency makeover. numbers don’t mean much. Since all my investment decisions are invariably wrong, it’s just astonishing to me that ive made money lately on gold silver and even oil.

[scaredyclassic]

i think the problemw ith saying something like “gold shouldve crashed to $600 u.s. or “it will be $2,000” is that those dollar figures are not very stable entities. T be so confident in future performance of anything, you have to be pretty damned confident about the currency. Anyone that confident about the u.s. dollar has cojones, imo. it could remain stable quite a while longer, longer than anyone expects, or it could be unraveling as we speak. gold going to 2,000 might mean a fall int he price of gold if we adjust our decimal points in some sort of currency makeover. numbers don’t mean much. Since all my investment decisions are invariably wrong, it’s just astonishing to me that ive made money lately on gold silver and even oil.

[scaredyclassic]

i think the problemw ith saying something like “gold shouldve crashed to $600 u.s. or “it will be $2,000” is that those dollar figures are not very stable entities. T be so confident in future performance of anything, you have to be pretty damned confident about the currency. Anyone that confident about the u.s. dollar has cojones, imo. it could remain stable quite a while longer, longer than anyone expects, or it could be unraveling as we speak. gold going to 2,000 might mean a fall int he price of gold if we adjust our decimal points in some sort of currency makeover. numbers don’t mean much. Since all my investment decisions are invariably wrong, it’s just astonishing to me that ive made money lately on gold silver and even oil.

[scaredyclassic]

i think the problemw ith saying something like “gold shouldve crashed to $600 u.s. or “it will be $2,000” is that those dollar figures are not very stable entities. T be so confident in future performance of anything, you have to be pretty damned confident about the currency. Anyone that confident about the u.s. dollar has cojones, imo. it could remain stable quite a while longer, longer than anyone expects, or it could be unraveling as we speak. gold going to 2,000 might mean a fall int he price of gold if we adjust our decimal points in some sort of currency makeover. numbers don’t mean much. Since all my investment decisions are invariably wrong, it’s just astonishing to me that ive made money lately on gold silver and even oil.

[scaredyclassic]

reserve currency status matters, I think. i mean, isn’t part of the enormous demand for dolalrs the fact that that’s the unit business is done in? if no one did business in dolalrs, there wouldn’t be as much demand, we couldn’t print em, and we’d have a lot less money flowing throught he system. I geuss i don’t understand how you can say that status is irrelevant to the value of the dolalr.

[scaredyclassic]

reserve currency status matters, I think. i mean, isn’t part of the enormous demand for dolalrs the fact that that’s the unit business is done in? if no one did business in dolalrs, there wouldn’t be as much demand, we couldn’t print em, and we’d have a lot less money flowing throught he system. I geuss i don’t understand how you can say that status is irrelevant to the value of the dolalr.

[scaredyclassic]

reserve currency status matters, I think. i mean, isn’t part of the enormous demand for dolalrs the fact that that’s the unit business is done in? if no one did business in dolalrs, there wouldn’t be as much demand, we couldn’t print em, and we’d have a lot less money flowing throught he system. I geuss i don’t understand how you can say that status is irrelevant to the value of the dolalr.

[scaredyclassic]

reserve currency status matters, I think. i mean, isn’t part of the enormous demand for dolalrs the fact that that’s the unit business is done in? if no one did business in dolalrs, there wouldn’t be as much demand, we couldn’t print em, and we’d have a lot less money flowing throught he system. I geuss i don’t understand how you can say that status is irrelevant to the value of the dolalr.

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