OT: “Dollar About to take a Direct Hit”

[partypup]

[quote=EJ]reminder of previous predictions:

http://piggington.com/ot_countdown_three_weeks_to_chaos

” I have studied each of their reports, in which they have consistently labeled Fall 2008 as the point in which the world in general, and the U.S. in particular, would enter the heart of the system crisis. The only variation I note is that LEAP estimates that the dollar’s role as the world’s reserve currency will cease around the end of the 2nd quarter of 2009. My source believes that it will happen sooner. Or perhaps it is the case that the process begins in October and culminates in June. In any event,
the Fall and Winter are going to be extraordinarily brutal.

I am hoping that all who read this will understand the message that I am trying to relay to you: time is short. Many of us have been expecting what is coming from months or years. Some have only awaken to what is coming a few months ago. Others still don’t understand what is coming. But as Wall St literally disintegrates before our eyes, I don’t think there can be any question at this point that we are on the verge of something unprecedented and catastrophic.

If you have money in the markets, you need to get it out NOW.”

Partypup, Sept 2008[/quote]

I believe the Dow lost 3,000 points by mid-October 2008 when the system failed to within an inch of its life (as Bernanke and Geithner now feeely admit – or did you miss their comments?) Did you leave your money in the market and are you still hanging on, hoping it gets back to 14,000?

EJ, play this as you’d like and believe what you like. But let me ask you: will it help you if the timing of the dollar crisis occurs a year later than I expected? Or two years? Seems to me that the real issue isn’t the timing, but the outcome. I’m not alone in making these predictions now. There is an entire chorus behind me, and gold is singing the loudest.

[DWCAP]

My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.

[DWCAP]

My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.

[DWCAP]

My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.

[DWCAP]

My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.

[DWCAP]

My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.

[scaredyclassic]

isn’t it kind of like saying a woman trapped ina bad marriage will never leave because of finances and the kids and so, things do go on, status quo, untilt he day when they don’t. Can the arrangement we have worldwide go on indefinitely to the satsifaction of everyone? I don’t know. probably not is justa guess. But if the answer is that there might be a divorce, it has to happen at some point in time. It’s unknowable when. the “nine year timeframe” in the rumor story on the new oil currency sounds to me like women who say, wel,l, I’ll just stick around with the jerk untilt he kids are out fo the house. A temporary delay, but the intentions are clear. This isn’t the way we will all live, happily ever after. if it is within the next decade that some sort of split occurs, then gold might be a good long term position, since it can climb on the expectation fo a split for many years. just having itout there as a possibility can itself fuel a pretty steep rise, i’d think. you might reasonably disagree.

[scaredyclassic]

isn’t it kind of like saying a woman trapped ina bad marriage will never leave because of finances and the kids and so, things do go on, status quo, untilt he day when they don’t. Can the arrangement we have worldwide go on indefinitely to the satsifaction of everyone? I don’t know. probably not is justa guess. But if the answer is that there might be a divorce, it has to happen at some point in time. It’s unknowable when. the “nine year timeframe” in the rumor story on the new oil currency sounds to me like women who say, wel,l, I’ll just stick around with the jerk untilt he kids are out fo the house. A temporary delay, but the intentions are clear. This isn’t the way we will all live, happily ever after. if it is within the next decade that some sort of split occurs, then gold might be a good long term position, since it can climb on the expectation fo a split for many years. just having itout there as a possibility can itself fuel a pretty steep rise, i’d think. you might reasonably disagree.

[scaredyclassic]

isn’t it kind of like saying a woman trapped ina bad marriage will never leave because of finances and the kids and so, things do go on, status quo, untilt he day when they don’t. Can the arrangement we have worldwide go on indefinitely to the satsifaction of everyone? I don’t know. probably not is justa guess. But if the answer is that there might be a divorce, it has to happen at some point in time. It’s unknowable when. the “nine year timeframe” in the rumor story on the new oil currency sounds to me like women who say, wel,l, I’ll just stick around with the jerk untilt he kids are out fo the house. A temporary delay, but the intentions are clear. This isn’t the way we will all live, happily ever after. if it is within the next decade that some sort of split occurs, then gold might be a good long term position, since it can climb on the expectation fo a split for many years. just having itout there as a possibility can itself fuel a pretty steep rise, i’d think. you might reasonably disagree.

[scaredyclassic]

isn’t it kind of like saying a woman trapped ina bad marriage will never leave because of finances and the kids and so, things do go on, status quo, untilt he day when they don’t. Can the arrangement we have worldwide go on indefinitely to the satsifaction of everyone? I don’t know. probably not is justa guess. But if the answer is that there might be a divorce, it has to happen at some point in time. It’s unknowable when. the “nine year timeframe” in the rumor story on the new oil currency sounds to me like women who say, wel,l, I’ll just stick around with the jerk untilt he kids are out fo the house. A temporary delay, but the intentions are clear. This isn’t the way we will all live, happily ever after. if it is within the next decade that some sort of split occurs, then gold might be a good long term position, since it can climb on the expectation fo a split for many years. just having itout there as a possibility can itself fuel a pretty steep rise, i’d think. you might reasonably disagree.

[scaredyclassic]

isn’t it kind of like saying a woman trapped ina bad marriage will never leave because of finances and the kids and so, things do go on, status quo, untilt he day when they don’t. Can the arrangement we have worldwide go on indefinitely to the satsifaction of everyone? I don’t know. probably not is justa guess. But if the answer is that there might be a divorce, it has to happen at some point in time. It’s unknowable when. the “nine year timeframe” in the rumor story on the new oil currency sounds to me like women who say, wel,l, I’ll just stick around with the jerk untilt he kids are out fo the house. A temporary delay, but the intentions are clear. This isn’t the way we will all live, happily ever after. if it is within the next decade that some sort of split occurs, then gold might be a good long term position, since it can climb on the expectation fo a split for many years. just having itout there as a possibility can itself fuel a pretty steep rise, i’d think. you might reasonably disagree.

[equalizer]

[quote=DWCAP]My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.[/quote]
Your cogent analysis is not going to sway anyone. Add some color to your story like this:

“Intuitive researcher and lecturer David Wilcock discussed his prophetic dreams and confirmations of major social realignment beginning this fall, potential for an ET disclosure from the U.S.

…Illuminati’s plan to reduce the world’s population through economic collapse, Swine Flu, and war & conflagration. His “inside sources” have informed him that America is on the verge of a horrific set of economic events, including the dismantling of the Federal Reserve.”

http://www.coasttocoastam.com/show/2009/10/06

[equalizer]

[quote=DWCAP]My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.[/quote]
Your cogent analysis is not going to sway anyone. Add some color to your story like this:

“Intuitive researcher and lecturer David Wilcock discussed his prophetic dreams and confirmations of major social realignment beginning this fall, potential for an ET disclosure from the U.S.

…Illuminati’s plan to reduce the world’s population through economic collapse, Swine Flu, and war & conflagration. His “inside sources” have informed him that America is on the verge of a horrific set of economic events, including the dismantling of the Federal Reserve.”

http://www.coasttocoastam.com/show/2009/10/06

[equalizer]

[quote=DWCAP]My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.[/quote]
Your cogent analysis is not going to sway anyone. Add some color to your story like this:

“Intuitive researcher and lecturer David Wilcock discussed his prophetic dreams and confirmations of major social realignment beginning this fall, potential for an ET disclosure from the U.S.

…Illuminati’s plan to reduce the world’s population through economic collapse, Swine Flu, and war & conflagration. His “inside sources” have informed him that America is on the verge of a horrific set of economic events, including the dismantling of the Federal Reserve.”

http://www.coasttocoastam.com/show/2009/10/06

[equalizer]

[quote=DWCAP]My position is simply that when pushed, people return to what worked last time. For the past 50+ years, the economic trick has been to devalue your currency, ramp up exports, and maybe exploit a natural resource you didnt before (if you have any left). Oh, and deficit spend until ‘demand returns to normal’. Those that are in power will simply return to this plan when pushed, as they are and have been for the past 12-18 months. Since all those exports are generally aimed at American consumers, dollars are the only game in town.

Your basic hypothesis (as I understand it) is that the other world economies are ganging up together to get away from the dollar. I disagree because I dont think they have anywhere to go. They can blow up the dollar, but then what? They dont get to leave the room.

Each and everyone of them wants to export their way to prosperity, most easily obtained by making your goods cheaper overseas by devaluing the currency. The problem is, in general, they devalue it in overall relation to each other. If the euro devalues 25%, then that is in relation to the yen and the franc and the dollar. Well, their goods will get cheaper in our currencies, but then our domestic manufactures suffer. So the dollar devalues to compensate and the franc follows and the yen too and eventually we are back where we started from. It is all highly inflationary, but in our deflationary environment, that is what they want.

The other idea is to exploit some natural resource you didnt before. The problem there is that we have over capacity in most natural resources. Lumber, copper, iron, steel, grain etc; they are all in the same boat. There is plenty of supply to meet current demand. So that wont work either unless you happen to have access to a very select group of resources that really are quiet rare.

SO yes, the dollar will be a force in the decade to come. Perhaps not the lone super power it was in the late 1990’s, but we are not going zimbobwae on anyone. Our trading partners simply wont allow it, because if they did then they not only dont get to export to us, they gotta deal with our surge in exports to them. Politically and financially they cant handel that, so they buy into the game again.

The devil you know is better than the demon you dont.[/quote]
Your cogent analysis is not going to sway anyone. Add some color to your story like this:

“Intuitive researcher and lecturer David Wilcock discussed his prophetic dreams and confirmations of major social realignment beginning this fall, potential for an ET disclosure from the U.S.

…Illuminati’s plan to reduce the world’s population through economic collapse, Swine Flu, and war & conflagration. His “inside sources” have informed him that America is on the verge of a horrific set of economic events, including the dismantling of the Federal Reserve.”

http://www.coasttocoastam.com/show/2009/10/06

[Author]

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