Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Forecast: U.S. dollar could plunge 90 pct (ZOT!!! Retread Trolls Hardest Hit)
UPI ^ | 11/19/07 | ??

Posted on 11/25/2007 1:48:04 PM PST by jrsmc

RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.

"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."

Forecast: U.S. dollar could plunge 90 pct

(Excerpt) Read more at upi.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: crash; dollar; doomage; thedollarisdoomed; troll; wearedoomed; zot; zuluoscartango
Navigation: use the links below to view more comments.
first previous 1-20 ... 101-120121-140141-160161-179 next last
To: jrsmc

and monkeys could do the flight thing out of my rear.


141 posted on 11/25/2007 5:12:49 PM PST by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Polybius
... but, after foreclosure, the lender still has that $200,000 house.

... which is now a liability for the lender. It needs someone to occupy the house; to maintain the house; otherwise its value will quickly plummet. In the market crash in Houston in the 80's, Condo's couldn't be sold for $10,000.

142 posted on 11/25/2007 5:12:50 PM PST by Pikachu_Dad
[ Post Reply | Private Reply | To 20 | View Replies]

To: spunkets
Yep. ...and the d party- saviors of the world. Hey look! The maggot's gaggin'.

Sort of like my wife when I took her credit card away. This thread is tame to that : )

143 posted on 11/25/2007 5:13:07 PM PST by bjs1779
[ Post Reply | Private Reply | To 138 | View Replies]

To: Gone_Postal

It’ll become dollar candy. :-)


144 posted on 11/25/2007 5:14:18 PM PST by Tolerance Sucks Rocks (Repeal the Terrible Two - the 16th and 17th Amendments. Sink LOST! Stop SPP!)
[ Post Reply | Private Reply | To 24 | View Replies]

To: jrsmc
Correct. Laughable idiocy, as usual.
145 posted on 11/25/2007 5:14:55 PM PST by JasonC
[ Post Reply | Private Reply | To 1 | View Replies]

To: bjs1779
The dollar has lost about a third against the Euro in the last 5 years

Like I said.

His comments came as the euro surged to a record high against the dollar. The currency touched $1.4731 today, a 65 percent gain since the end of 2001."

Which would be almost a 40% loss for the dollar.

146 posted on 11/25/2007 5:15:43 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
[ Post Reply | Private Reply | To 137 | View Replies]

To: Lurkus Maximus
thats why I posted what I did.... I had used that book while homeschooling my kids to teach them about economics
I was wondering if any one would catch it
147 posted on 11/25/2007 5:16:10 PM PST by Gone_Postal (We are not interested in the possibilities of defeat)
[ Post Reply | Private Reply | To 133 | View Replies]

To: Pikachu_Dad
... but, after foreclosure, the lender still has that $200,000 house.

... which is now a liability for the lender. It needs someone to occupy the house; to maintain the house; otherwise its value will quickly plummet. In the market crash in Houston in the 80's, Condo's couldn't be sold for $10,000.

I arbitrarily chose $200,000 as the sane market value for that "$400,000 house".

See Post 103.

Condos are a special circumstance as a condo owner cannot maintain a condo himself but must depend on the condo management and condos are a never-ending money drain.

Single family homes in decent neighborhoods will sell like hotcakes once sane prices, as defined in my Post 103, return.

148 posted on 11/25/2007 5:19:58 PM PST by Polybius
[ Post Reply | Private Reply | To 142 | View Replies]

To: Bailee

Or just give it to me since it’s worthless anyway.


149 posted on 11/25/2007 5:19:59 PM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: AlexW

Boy, looking at your tagline and posts...I see you’re a real proud American.

/sarc


150 posted on 11/25/2007 5:21:37 PM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
[ Post Reply | Private Reply | To 49 | View Replies]

To: Toddsterpatriot
Which would be almost a 40% loss for the dollar.

Could you calculate gold for the same time frame?


151 posted on 11/25/2007 5:27:07 PM PST by bjs1779
[ Post Reply | Private Reply | To 146 | View Replies]

To: Jan Hus
"I got all my Gold Napoleons buried in the backyard." <<

Hey, ol' buddy! I was just getting ready to mail your Christmas Card. (That's the ticket.) I can't find your address, anywhere!

Ya wanna refresh my memory? (Snicker)

152 posted on 11/25/2007 5:30:37 PM PST by yorkie
[ Post Reply | Private Reply | To 32 | View Replies]

To: RockinRight
Boy, looking at your tagline and posts...I see you’re a real proud American.

What do you think of Americans who routinely invest in foreign companies and invest in their currency?

153 posted on 11/25/2007 5:35:06 PM PST by bjs1779
[ Post Reply | Private Reply | To 150 | View Replies]

To: bjs1779

I’m OK with that, it was more his tagline that threw me.


154 posted on 11/25/2007 5:35:36 PM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
[ Post Reply | Private Reply | To 153 | View Replies]

To: RockinRight
I’m OK with that, it was more his tagline that threw me.

I seen that too. But the poster could be completely honest. Who wants to lose his money or worth?

155 posted on 11/25/2007 5:39:13 PM PST by bjs1779
[ Post Reply | Private Reply | To 154 | View Replies]

To: CitizenUSA

You can eat the expired gang members and marauders also .


156 posted on 11/25/2007 6:06:36 PM PST by Renegade (You go tell my buddies)
[ Post Reply | Private Reply | To 89 | View Replies]

To: Gone_Postal

Great book by the way.


157 posted on 11/25/2007 6:12:43 PM PST by Lurkus Maximus
[ Post Reply | Private Reply | To 147 | View Replies]

To: CitizenUSA

The German economy is powering the EU; a majority of the EU economies are tailgating on Germany. If Germany starts slowing down, the first thing they’ll do is look to unshackle the other countries so they can keep themselves powering forward.

It’s economic - and national - suicide to keep funding other countries while you crash and burn.


158 posted on 11/25/2007 6:15:19 PM PST by PugetSoundSoldier (Tagline: Kinda like a chorus line but without the legs)
[ Post Reply | Private Reply | To 132 | View Replies]

To: CitizenUSA

I think we’ll see a fair amount of investment, but more in terms of purchase of products, not companies. Historically foreign investment into the US doesn’t pay off - look at the last large buyout when Mercedes Benz merged with Chrysler. They lost their shirts - they don’t understand US production.

I think you’ll see investments in stocks and bonds, but not many outright acquisitions of companies.


159 posted on 11/25/2007 6:20:53 PM PST by PugetSoundSoldier (Tagline: Kinda like a chorus line but without the legs)
[ Post Reply | Private Reply | To 134 | View Replies]

To: jrsmc
When the common man begins to make market predictions, it's time to move.....

... in the opposite direction.

Time to buy dollars. The MSM is predicting gloom and doom at an incredible rate, so it must be near bottom.

160 posted on 11/25/2007 6:21:49 PM PST by meyer (Illegal Immigration - The profits are privatized, the costs are socialized.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 101-120121-140141-160161-179 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson