All is well!!
Posted on 09/30/2010 10:47:59 AM PDT by RandysRight
Two stories came out today that at first glance seem to contradict each other. The first article outlines a large drop in the value of the dollar vs. the euro in September. The second article explains that the stock market rose more in September than in the past 70 Septembers.
So the dollar is collapsing due to out of control spending by the federal government to hide our depression. Yes, I said the D word. As the US Treasury prints money out of thin air that is bought by the Federal Reserve, the value of the dollar (USD) is rapidly collapsing against world currencies. The loss would be even more staggering when viewed against the Swiss franc instead of the euro. We have seen a rapid rise in both gold and silver. Their price reflects the decline of the dollar, not the rise of the commodity. Other commodities such as sugar, wheat and cotton have also risen in the Summer of Recovery.
Two of the reasons that the price of stocks increased in September is due to the book value of companies increasing on the world market as the dollar declines and the price of all commodities increasing. The overall volume of stock trades is consistently 35-40% lower than two years ago. This means that people are not buying stocks except through their retirement plans. These stock purchases are mostly buy orders at whatever the market will bear so the price of the stocks go up.
So what does this mean to you if you are rejoicing in a large rise in your stock portfolio? With hyperinflation just around the corner and the collapse of the dollar to reduce our nation’s debt, these companies will be suffering large drops in their profits over the next few months. The first quarter profits for US companies with the new tax increases will severely depress their prices and future earnings which is how the price of the stock is valued. The Obama administration is redistributing your paycheck and wealth with no regard to the people who are supporting this country. The bad news for the people who are taking the fruits of our labor is that this free money will shortly be worthless and our once great nation will be a Socialist nightmare for all.
David DeGerolamo
NC Freedom
Dollar Set for Biggest Monthly Loss Since 2008 Versus Euro on U.S. Economy
The dollar headed for its biggest monthly loss since 2008 versus the euro as signs the U.S. economy is slowing damped demand for the nation’s assets.
The dollar was set for a quarterly drop versus all of its major counterparts before data forecast to show U.S. business activity and manufacturing slowed. Federal Reserve Chairman Ben S. Bernanke is scheduled to testify in Washington today amid speculation the central bank is preparing to buy more U.S. debt. The yen approached the strongest since the Bank of Japan intervened amid speculation exporters are bringing home overseas earnings before the end of the fiscal first half.
“America’s economic growth seems to be decelerating,” said Tsutomu Soma, a bond and currency dealer in Tokyo at Okasan Securities Co. “This is a negative factor for the dollar.”
>>>Complete Article>>>
Thursday Look Ahead: Stocks Set to Close Out Best Quarter in a Year and Best September in 70 Years
Stocks are set to close out the third quarter with the best quarterly performance in a year, but traders are wondering what October will bring after September’s record-setting performance and outsized moves in commodities, bonds and the dollar.
The stock market drifted slightly lower Wednesday, with the Dow down 22 at 10,835 and the S&P 500 off 2 at 1144. The Dow is now up 10.9 percent for the quarter, and 8.2 percent for the month, its best September since 1939. For the S&P 500, its 9 percent monthly gain is the best since April, 2009 and its quarterly gain of 10.9 percent marks the best quarter in a year.
>>>Complete Article>>>
All is fine... stop fear mongering!!! (SARC)
And in other news, Bears do their business in the woods.
still wouldnt hurt to stop the spending to ease my depression
I doubt this is going to end without bloodshed.
All is well!!
bump
Here’s an interesting article posted today.
“It is now obvious that the Fed realizes all too well that all is lost and just feeding its wealthy clients (that’s right, these people are the Fed’s CLIENTS) the last remaining scraps before it pulls the hyperinflation switch.”
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