The Day the Dollar Dies

May/June 2013 Trumpet Print Edition ^ | May/June 2013 Trumpet Print Edition | Robert Morley

[ckilmer]

NEVER BEFORE IN OUR HISTORY have we had an ILLEGAL ALIEN elected pResident that is so “ANTI-United States” and is working with our ENEMIES to destroy us from within.
NEVER !
...........
Well this is true.

I’m just talking about the direction of the dollar and gold.

[Yosemitest]

Have you ever been overseas and affected by the "Exchange Rate" of the Dollar?
I think not.
Even on Bloomberg TV, the Dollar is down and in the red against almost all of the other currencies.

[ckilmer]

The dollar has been going sideways since 2008.
http://bit.ly/1dcIO34

Anybody who knows anything about oil—which means you can’t be from Texas—knows that a country with strong oil production will have a strong currency.

That’s the next direction of the dollar. The dollar is not going to break down. The dollar is going to break upwards.

As the dollar breaks upward it will push down the price of gold and also the price of oil.

[Lazamataz]

Think "it couldn't happen" ?

Not only do I not think that, I think it is a 100% guarantee. The only question is when.

[Yosemitest]

My ex-wife is a real-time computer programmer for Shell Oil out of Houston TX, and works servicing the controlling programs in the oil wells down inside the pipes that open and shut the valves.

[ckilmer]

My ex-wife is a real-time computer programmer for Shell Oil out of Houston TX, and works servicing the controlling programs in the oil wells down inside the pipes that open and shut the valves.
..............
well that’s something.

here’s a graph of US oil imports
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTIMUS1&f=M

Here’s what’s killing US oil imports.
texas field oil production.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfptx2&f=m
north dakota oil production.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPND1&f=M
colorado field oil production
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPCO1&f=M
pennsylvania field oil production
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPPA1&f=M
oklahoma field oil production (judging by what I hear from the scoop field—the curve on this graph will steepen)
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPOK1&f=M
new mexico field oil production
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPNM1&f=M

[Yosemitest]

"The only question is when."

Murphy's Law ~ Murphy was an optimist

[Carriage Hill]

Man, you're good! My calculator melted...

[Yosemitest]

Mostly, it’s a simple matter of moving the decimal point on both sides of the equation.

[Yosemitest]

So you don't think that losing jobs in the United States,
that so many people thrown into the unemployment lines by the ILLEGAL ALIEN IN CHIEF's laws and policies,
aren't the MAIN reason that US oil imports are down?

[ckilmer]

So you don’t think that losing jobs in the United States,
that so many people thrown into the unemployment lines by the ILLEGAL ALIEN IN CHIEF’s laws and policies,
aren’t the MAIN reason that US oil imports are down?
,,,,,,,,,,,,,,,
The ass clown obama has done everything he can to kill growth that fuels employment in the USA.

What’s happening in the oil patch is happening despite Obama’s best efforts to KILL it. (Of course, he will also take credit for any successes that the oil patch generates—which are manifold.)

[ckilmer]

So you don’t think that losing jobs in the United States,
that so many people thrown into the unemployment lines \...............
sheesh if I were a young man I’d be working in permian basin or in the baaken. they’re hiring anyone with a pulse. and if you can chew gum and walk a straight line you can make 6 figures.

I’ll own its harder on the boomers. everyone has to stick to their knitting to pay for old age.

that said the big boom in the oil patch means the federal government will have the funding to pay for social security for the next 40 years or so. If you can hold off collecting social security until you’re 70 — you can get the best check.

Those graphs of oil production are all going straight up.

Until those trend lines of oil production flatten out —they will strike terror in all big money men betting against the dollar and in favor of gold. they will also produce 2 percent growth in the USA no matter what crap Obama rains on the economy. Its subpar growth but growth nevertheless. That’s what’s happening now. If not for the oil patch the US economy would be in the toilet. But the oil patch now is making all the difference.

[gattaca]

I read this on Rabbi Daniel Lapin’s site...

History does not repeat itself-exactly. Nonetheless, we’d be foolish to ignore certain similarities from which crucial lessons can be learned. Consider the similarities shared by the years 1913 and 2013.

In 1913, Great Britain was the strongest world power and the home of the world’s currency, the pound sterling. It was also groaning beneath the burden of debt and the costs of maintaining far-flung military forces while facing a fast growing Germany threatening to disrupt existing geopolitical patterns.

A century later, America groans beneath seemingly insurmountable debt and is burdened by the costs of overseas military adventures. While still the world’s strongest power and home to the world’s currency, the dollar, it faces a rapidly expanding China disrupting existing geopolitical realities.

In 1913, America’s 28th president, Woodrow Wilson, was internationalist and academic with little executive experience. Wilson’s campaign slogan was “tax the rich.” The 16th Amendment authorizing the income tax was ratified a month after his inauguration. A century later, the country’s 44th president, Barack Obama, is internationalist and academic with little executive experience. His presidency is largely based on taxing those he calls “the rich.”

China today is not the same as Germany a hundred years ago. Britain then is not America today, and Wilson and Obama are not identical twins.

However, ancient Jewish wisdom teaches that valuable lessons await those who acknowledge the distinctions of history while recognizing the similarities.

[Yosemitest]

Thanks for noticing, but don't be so sure about the USA being the world's strongest power, anymore.
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