The US Dollar

Discussion in 'Financial Cents' started by melbo, Mar 11, 2007.

  1. melbo

    melbo Hunter Gatherer Administrator Founding Member

    The Condition of the Dollar
    By Lindsey Williams
    There is so much to touch on regarding the dollar this month, I hardly know where to start. Regardless of where I begin, the news is not good and affects all of us.

    First on our list is China. They have now announced that they are refusing to accept American Corporations purchasing into their stock market any longer as they did in the past. China also said that they are no longer going to be purchasing our securities as they have in the past, including bonds and T-bills. China's decisions and subsequent announcements at the beginning of the week has sent a panic across the World's markets.

    Additionally, OPEC met recently and they have also stated they will be diversifying into other currencies instead of just the American dollar. They will now begin accepting other currencies and limit the trade of oil via the American dollar.

    March 21st 2007 will be one of the most significant dates this month. Iran has outlawed the American dollar and will put anyone in jail that uses it in their country after that date. They have the ominous notoriety of being the first nation in the world to do such a thing. The real issue in Iran is NOT nuclear, but rather the decision to not use the American dollar for trade and the sale of oil. On the heels of Iran's decision, North Korea has followed suit and also outlawed the use of the American dollar in their country. Finally, Malaysia the next day did the same thing.

    Central banks around the world are increasingly diversifying their reserves, including cutting holdings of American dollars, according to a survey sponsored by Royal Bank of Scotland Group PLC, the U.K.'s second-largest bank. Italy, Russia, Sweden and Switzerland have made "major adjustments" in foreign-exchange holdings favoring the Euro and the British pound, according to the poll conducted by Central Banking Publications Ltd. between September and December. "Central banks are open to saying they've been diversifying to improve returns and reduce exposure to any single currency," said Sean Callow, senior currency strategist at Westpac Banking Corp. in Singapore. There's no doubt that when they say 'diversification' they mean selling dollars.

    Last week a friend of mine told me they called their bank president in Vancouver, BC and he agreed with everything I have been saying about the dollar. What amazed me the most was her comment that he told her his bank is currently making preparations for the crash of the American dollar!

    My dear friends, I urge you to structure yourself and get out of the liquid dollar immediately. I suggest that you get out of stock markets and into international hard assets such as real estate, gold and other assets. Structure your family by setting up proper International Business Corporations and Foundations that will preserve your finances.
  2. Minuteman

    Minuteman Chaplain Moderator Founding Member

    Just a matter of time.
  3. Bear

    Bear Monkey+++ Founding Member Iron Monkey

    How does a bank president prepare his bank for the crash of the dollar?
  4. Bear

    Bear Monkey+++ Founding Member Iron Monkey

    Here's a helpful link I found for fellow Monkeys to ask questions and get answers to some of this "Crash" stuff....

    Pretty good plain english answers with lots of cross references...

    Still.... LOTS of smoke and mirrors out there.... Pay attention... I've read and keep reading that a crash usually begins before anyone really notices it, reports or wakes up to it.....
  5. melbo

    melbo Hunter Gatherer Administrator Founding Member

  6. GaryBrun

    GaryBrun Monkey+++

    Watch your toes
survivalmonkey SSL seal warrant canary