Black People : THE DOLLAR'S COLLAPSE

Discussion in 'Black People Open Forum' started by Kannte, Nov 30, 2004.

  1. Kannte

    Kannte Well-Known Member MEMBER

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    WHAT THE DOLLAR'S COLLAPSE WILL MEAN TO THE WORLD

    Over the last few days, there has been a number of articles in the media about the steady decline of the $US against the Euro. While many economists have forecasted the possiblity of the dollar declining against the Euro for sometime, most do not comprehend the significance of this. Some believe that the decline of the dollar against the currencies of American's trading partners will help correct the USA's trade deficit, and the dollar will stop falling when the trade imbalance is corrected. However, the evidence is that the opposite is happening - the $US has declined 40% against the Euro over the last 2 years, and during this time America's trade deficit has continues to deteriorate.

    http://disc.server.com/discussion.cgi?disc=149495;article=71178;title=APFN
     
  2. Kannte

    Kannte Well-Known Member MEMBER

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    Global Economy | US gives euro a long rope

    Global Economy | US gives euro a long rope

    By Alex Wallenwein

    Fighting an opponent doesn´t always mean opposing his force. When faced with overwhelming power, good fighters often use their attacker´s force to their advantage, as in judo, for example. There are better examples in martial arts, but judo is probably the most commonly known and understood.

    It looks as though the US strategy in this transcontinental currency battle is to give the euro´s masters what they want - except way too much of it, way too quickly - in order to overload the euro system and make it collapse.

    http://www.atimes.com/atimes/Global_Economy/FK30Dj01.html
     
  3. Kannte

    Kannte Well-Known Member MEMBER

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    THE DOLLAR STARES INTO THE ABYSS

    THE DOLLAR STARES INTO THE ABYSS
    11/28/04

    As the dollar leaves behind the support in the 84 - 85 area on the index, the rate of decline is accelerating. The big questions now, of course, are “How far will it drop?” and “Are we in for a full-blown dollar crisis?” The simple answer to these questions is “a very long way” and “yes”, respectively. Various factors are coming together to propel the dollar into a decline of seismic proportions that is expected to destroy its status as the world reserve currency and create conditions of economic crisis in the United States.

    http://www.clivemaund.com/article.php?art_id=533
     
  4. Kannte

    Kannte Well-Known Member MEMBER

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    DOLLAR DROPS: GOOD NEWS AND BAD

    By Jack Crooks

    Many believe a lower dollar is the only plausible policy tool available to the United States if it´s to reduce its massive current account deficit. It is why, increasingly, analysts are calling for a coordinated effort on the part of central banks around the globe to push the dollar lower. But it´s not an easy task. Failure could spark protectionism, a dollar crisis, and a global financial crisis. And there´s still no clear proof that a lower dollar is the best solution.

    http://www.atimes.com/atimes/Global_Economy/FK25Dj02.html
     
  5. Kannte

    Kannte Well-Known Member MEMBER

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    US risks a downhill dollar disaster

    Larry Elliott
    Monday November 22, 2004
    The Guardian

    George Bush's foreign policy is simple: don't mess with America. The same, it appears, applies to economic policy as well. On Friday, the dollar fell sharply against the euro. That was unsurprising, since the downward lurch followed comments from Alan Greenspan which - by his own cryptic standards - were unambiguous.

    http://www.guardian.co.uk/Columnists/Column/0,5673,1356744,00.html
     
  6. Kannte

    Kannte Well-Known Member MEMBER

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    Is a USA Economic Collapse Due in 2005?

    Is a USA Economic Collapse Due in 2005?

    So long as rates stay low, the roulette wheel of debt rolls on. The problem begins when interest rates rise and families, lured into buying a home with variable interest rate payments, suddenly find their monthly cost of paying the mortgage has exploded as interest rates rise. At that point, US banks will face a serious bad loan problem, far worse than that of 1990-92 when several of the largest US banks were on the brink of failure. US rates began to rise significantly in May, and the Fed was forced to raise its official rate on June 30 for the first time in four years. Many banks have loans written in adjustable mortgage rates. As US interest rates continue to rise over the next twelve months or so, that will trigger a wave of mortgage defaults. Some industry experts fear a "bloodbath" in 2005.

    http://globalresearch.ca/articles/ENG407A.html
     
  7. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    if so this would be very destructional to U.S
    wow!
     
  8. Radical Faith

    Radical Faith Well-Known Member MEMBER

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    Excellent Brother!!!!!

    This is excellent brother. May all who have eyes see. :time: is running out. Where will you be in the time of the great tribulation?





    Peace

    Radical Faith
     
  9. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    i truly believe that many who voted for Bush did not understand how bad it would get.
    i think we are looking at another 1929.
    the pain will be deep and widespread.
    this is what it will take to get these white folks to give up on the "conservatives" who are actually fascists.
    remember, the US is now dependant on other countries.
    we don't make anything here anymore.
    as the dollar becomes worthless in the world under the policies of Greenspan and Bush, what will we use to pay for what we need?
    there will be a rough ride ahead. :playball:
     
  10. Monetary

    Monetary going above and beyond PREMIUM MEMBER

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    Kannte

    Thanks for the articles. They were very enlightening.

    The economy goes up and down. We will always experience economic cycles representing recessions and economic expansion. However, with Bush increasing the budget deficit like he has...AND financing it by borrowing from other countries, it's getting a little tight for the US, especially with foreign debtholders depending on reaping the benefits from their investment in the US through the invasion of Iraq. You don't finance someone's debt unless you intend to get back a high return for the money you loaned out.

    We'll see. This will no doubt be interesting.
     
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