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alstry (35.03)

Recovery On Track? For What?????

Recs

17

October 08, 2009 – Comments (4)

Recovery on track, says Richmond Fed's Lacker

Whoa Baby.....not so fast......

California hikes yield, cuts amount of debt sold

Can anything stop the Free Money Free Fall????

Dollar still losing ground after ECB supports buck

How High Will Oil go if the Dollar crashes????

Oil rises above $72 a barrel on weak dollar

When Money is Free.....Everything becomes expensive.....

Gold1,053.00+9.70+0.93%

And Sales Evaporate.....

Alcoa Sales DOWN 33% despite rise in Alumiunum prices

And as Sales Drop....Taxes evaporate and Jobs get cut....

Warren County - 17 more Layoffs

Mercer County - Layoffs Coming?

And Deficits Explode......

Alarm over debt draws together diverse coalition...

YUP IT LOOKS LIKE WE ARE ON TRACK....

ON TRACK FOR EVAPORATING SALES

SKYROCKETING UNEMPLOYMENT

AND MASSIVE DEFICITS......CRAZY THINGS HAPPEN TO COUNTRIES THAT SIMPLY COUNTERFEIT CURRENCY TO CONSUME AND THE POPULATION IS UNAWARE OF THE CONDITIONS........INSANELY CRAZY THINGS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

DO YOU THINK DUMB FAT TURKEY'S ARE CONCERNED AS THANKSGIVING APPROACHES?

4 Comments – Post Your Own

#1) On October 08, 2009 at 3:25 PM, alstry (35.03) wrote:

DOLLAR UNDER ATTACK......IS WAR NEXT??????????????

Who's behind the sneak attack on the U.S. dollar? 

It’s the biggest mystery in global finance right now: Who conducted a sneak attack on the U.S. dollar this week?

It began with a thinly sourced but highly explosive report Monday in a British newspaper: Arab oil sheiks are conspiring with the Russians and Chinese to quit using the dollar to set the value of oil trades — a direct threat to the global supremacy of the greenback.

Is it true? Everyone from the head of the Saudi central bank to U.S. officials scrambled to undercut the story, but no matter.

With the U.S. economy on the ropes and America by far the world’s biggest debtor, investors aren’t feeling as secure about the dollar as they used to. And the notion of second-tier economies ganging up on Uncle Sam didn’t sound so far-fetched.

For American officials, the possibility of the dollar losing its long-term dominance in global commerce is a nightmare scenario because it would likely mean sharply higher interest rates at home and a declining ability to finance the U.S. debt. No one believes it could really happen right now, but stories like the British report this week make it seem incrementally more likely.

DON'T WORRY....BE HAPPY!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#2) On October 08, 2009 at 3:30 PM, FreeMarkets (97.61) wrote:

I'm always amazed that most of the best investors in CAPS are bearish.  Maybe the smart ones know something.

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#3) On October 08, 2009 at 5:35 PM, 1315623493 wrote:

Even if there was full employment, alstry would be a bear, and blame fiat money for all our problems. It's easy to always find stuff to support a preconceived view of reality. 

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#4) On October 08, 2009 at 5:55 PM, lquadland10 (< 20) wrote:

1. That is what The Iran president has been saying he does not want the NEW World Order group and he would sell oil in Euros. Iraq was said they had WMD and they did not. The same intelagence said Old bien lauden was in Afganistan. Do I believe them? no Buto from Pakistan wanted to follow the money to see who funded them She was killed. Lets see. Iseral wants to bomb them. We flank them on the left and right in Afganistan and Iraq. How safe would you feel? Just a matter of time before it happens.

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