The Dollar Is Getting Crushed As Oil Hits $111, Gold Hits $1470, Silver Hits $40, Euro $1.44

TBI ^ | 4-8-2011 | Joe Weisenthal

[blam]

The Dollar Is Getting Crushed As Oil Hits $111, Gold Hits $1470, Silver Hits $40, And Euro Hits $1.44

Joe Weisenthal
Apr. 8, 2011, 5:02 AM

It's not too surprising, since we're seeing one of these classically "risk on" type of days that have defined this whole rally, but the dollar is getting killed against everything.

Gold is at $1470.

Silver, as mentioned, has finally breached, the $40 level.

The euro -- which just saw one of its members beg for a bailout -- is up to $1.44.

And oil is at $111.

[MeneMeneTekelUpharsin]

So many have been preaching doom and gloom for so long it has become, what’s that French word? Passe?

[FlingWingFlyer]

And yet 42% of the morons living in this country believe that their boy Barry is doing a outstanding job.

[Venturer]

They killed the dollar when they started printing money with nothing behind it.

[blam]

Nikkei Posts Huge Gain, As Markets Rally All Around The World

[blam]

[panaxanax]

Bernanke’s QE3 coming our way this summer.

Gold at $2000?

Silver at $100?

Gas at $7.00?

[RobertClark]

The write downs, bankruptcies and price discovery events that should have happened in 2008 were all dammed up in a toxic tailing pond with the dam being made out of what? More paper from the FED. The dam is leaking like hell. Commodities are going parabolic. Now it will be much worse for the average sheep who has been fed the blue pill by the MSM - which they gladly swallowed because it had an image of Obama printed on the capsule.

This is not going to end well for the dollar. I can see Zimbabwe from my porch.

[panaxanax]

“I can see Zimbabwe from my porch.”

We must be neighbors!

[Zakeet]

The Dollar Is Getting Crushed As Oil Hits $111, Gold Hits $1470, Silver Hits $40, And Euro Hits $1.44 ...

... and Helicopter Ben, TurboTax Tim and the Wee Wee apparently have no idea of the reason why!

[Silver Sabre]

I have found this website to be a very useful source of information on the economy, gold, and silver.

http://goldismoney.info/forums/

[AndyJackson]

I can see Zimbabwe from my porch.

Then Mugabe is your President. Ooops. I didn't say that.

[FrankR]

[kittymyrib]

Helicopter Ben will soon run out of worthless dollars, and then we’ll be reminded of that final morning of the Viet Nam war, when helicopters were fleeing with government personnel on board and others were trying to hang onto the skids as they lifted off.

A few will rescue their wealth by their connections, while most will be left penniless.

[CORedneck]

Obama, a sequel to Jimmy Carter and making up less than 30 years of low inflation since Reagan. Reinstating the misery of the Carter years with a vengeance !

[The Sons of Liberty]

The Dollar Is Getting Crushed As Oil Hits $111, Gold Hits $1470, Silver Hits $40, Euro $1.44

And now, on the verge of a government shutdown, der Fuhrer Hussein 0bama, having exhausted himself by picking the NCAA tournament (WRONG, of course!) and starting a third war, is on his way to Williamsburg for a long planned vacation.

[CORedneck]

Cannot forget Christina Romer supporting inflation. From an article:

More controversially, Romer lauds QE for helping to weaken the dollar. A weaker dollar makes U.S. goods more competitive overseas, boosting exports and GDP growth, and ultimately hiring. While that's true, she seems to overlook the impact a weak dollar has on ordinary Americans in terms of falling buying power and punishment for savers and those living on fixed-incomes.

Of course like the Carter years, we are the laughingstock of the world ! I am wanting to buy some stuff from Japan and because the strong Yen, I have to pay much more than otherwise. A dollar only buys 80 yen and when I was in Japan 4 years ago, it bought 110 yen !

[bert]

Obama is not Carter. Carter was a screw up

Obama is a thief. The messiah is consciously and carefully redistributing the wealth of America to the chosen few. When it falls apart, they will not care because they will still be alive and in possession of vast treasures to carry them through the misery experienced by those from whom the treasure was stolen

Tolerating them is un American........

[southernnorthcarolina]

Ron Insana, who frequently is on CNBC as an analyst, has been short gold for months. I wonder if he’s covered yet.

Isn’t doing the same thing over and over again while expecting different results the definition of Insana?

[Travis McGee]

Yep, and silver will cross that line first.