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The Dollar at the Precipice
ce ^ | October 6, 2009 | Fred A. Kingery

Posted on 10/06/2009 7:32:36 AM PDT by NYer

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Fred A. Kingery is a self-employed, private-equity investor in domestic and international financial markets from New Wilmington, Pennsylvania.
1 posted on 10/06/2009 7:32:37 AM PDT by NYer
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To: Salvation; narses; SMEDLEYBUTLER; redhead; Notwithstanding; nickcarraway; Romulus; ...
Catholic Ping
Please freepmail me if you want on/off this list


2 posted on 10/06/2009 7:33:01 AM PDT by NYer ( "One Who Prays Is Not Afraid; One Who Prays Is Never Alone"- Benedict XVI)
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To: NYer

Just sat down to my computer, looked at the charts for Gold and Silver this morning, and the first thought in my mind about what I saw was “Death of the Dollar”.


3 posted on 10/06/2009 7:36:41 AM PDT by Atlas Sneezed (Why not "interpret" your tax returns like the Supreme Court "interprets" the Constitution?)
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To: NYer

Spot gold is spiking steeply today, already at $1040.


4 posted on 10/06/2009 7:37:29 AM PDT by ArtyFO (I love to smoke cigars when I adjust artillery fire at the moonbat loonery.)
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To: NYer
or turn to the Federal Reserve to monetize our future funding needs.

Who would ever dream of making a South American country a loan denominated in their own currency? We are approaching that point? I expect that before the end of Obama's (hopefully single) term, we will likewise have to borrow in Euros, Yen or some international basket of currencies instead of dollars.

5 posted on 10/06/2009 7:38:57 AM PDT by KarlInOhio (Rio: Gold / Madrid: Silver / Tokyo: Bronze / Obama: Lead weight.)
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To: NYer

The US is definitely going down. I have NO doubt.

However, the rest of the world will be right behind us. And that is the dirty little secret that the other nations all know.

If someone owes you money, you don’t want him to lose his job.


6 posted on 10/06/2009 7:57:38 AM PDT by RobRoy (The US today: Revelation 18:4)
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To: NYer
Addicts have to crash often to realize they are at the bottom
7 posted on 10/06/2009 8:05:34 AM PDT by reefdiver (So how's that HOPE & CHANGE working out for ya ?)
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To: NYer

“Consequently, there will probably be a Thelma and Louise moment for the U.S. dollar in the not-too-distant future.”

I always thought that ending was a waste of a really cool car, LOL! I mean, they could’ve just flung themselves over the cliff!

Anyhow, just be prepared for anything. It’s going to get ugly. I don’t know of a single thing that can stop this downward spiral we are in, and we will drag the rest of the world down with us.

(Well, I KNOW what would stop it, but we won’t get it from this administration. Destruction of the economy and our way of life are ‘reparations’ long over due in their twisted little pea-brains.)


8 posted on 10/06/2009 8:07:40 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: NYer
Economic warfare against the United States is now a very real possibility. Should China and a like-minded group of other non-citizen holders of U.S. debt wish to diversify away from an excessive exposure to the U.S dollar, then our government’s ability to secure financing could become seriously questioned.

Didn't the Arabs start this yesterday?

9 posted on 10/06/2009 8:10:34 AM PDT by GOPJ (MSM BIAS: the most grossly obvious facts can be ignored when they are unwelcome. George Orwell)
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To: xsmommy

uplift ping.


10 posted on 10/06/2009 8:12:12 AM PDT by NeoCaveman (Rush Hudson Limbaugh, Mmm Mmm Mmm)
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To: NYer
Three Government Reports Point To Fiscal Doomsday
11 posted on 10/06/2009 8:17:36 AM PDT by blam
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To: Diana in Wisconsin

I am no expert in U.S. and international finance, so I am I nuts by thinking: screw the rest of the world. The U.S. has sufficient natural resources, workforce, and consumption to maintain its own economy. Why do we need to rely on the rest of the world so much? Plus, I am sure we can work with Canada and/or Mexico to some degree if needed.

Just a thought if things “go south”...it may actually be a good thing if we can use it to peel ourselves away from the global powers that be.


12 posted on 10/06/2009 8:20:07 AM PDT by Yooper4Life (They all lie.)
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To: Yooper4Life

Agreed. I’ve made that similar post many times here. :)


13 posted on 10/06/2009 8:24:04 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Yooper4Life

Sure we can. The rich folks just won’t get to make as much money as they are now. So it probably won’t happen.

parsy, the glum


14 posted on 10/06/2009 8:27:28 AM PDT by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: Yooper4Life
Why do we need to rely on the rest of the world so much?

Because of America's high taxes, America's minimum wage laws and America's ludicrous environmental regulations.

Also its crushing import/export bureaucratic burden, its crushingly complex tax system and its byzantine legal system.

Also: America owns the world strategic reserve of a) lawyers and b) people who are owed a living by Whitey.

What did I miss?

15 posted on 10/06/2009 8:44:15 AM PDT by agere_contra
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To: RobRoy

>>If someone owes you money,
>>you don’t want him to lose his job.

Unless you want to own his house, and his children...

“COMMERCE BETWEEN THE MASTER AND SLAVE IS DESPOTISM”
—Thomas Jefferson

Are we there yet?


16 posted on 10/06/2009 8:50:40 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: agere_contra

My comment assumes that - should things “go south” - we would take care of the issues you mention (the lawyer issue would probably be the most difficult IMO - for a variety of reasons).

Not saying this would happen, but it would provide the opportunity to, in effect, start over.


17 posted on 10/06/2009 8:51:03 AM PDT by Yooper4Life (They all lie.)
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To: agere_contra
What did I miss?

Our defense budget, which exceeds the rest of the world's, combined.

18 posted on 10/06/2009 8:52:53 AM PDT by Romulus (The Traditional Latin Mass is the real Youth Mass)
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To: LomanBill

Obama, the president who brought slavery BACK to the USA.


19 posted on 10/06/2009 8:54:15 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Yooper4Life

Agreed.


20 posted on 10/06/2009 8:58:53 AM PDT by agere_contra
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