U.S. dollar will "get a lot stronger than anyone can imagine"

Yahoo Finance ^ | 11/14/2014 | Joanna Campione

[Minsc]

The U.S. dollar is on a roll. The dollar index, which measures its value versus a basket of other world currencies, is at a four-year high. John Mauldin, best-selling author and chairman of Mauldin Economics says, get used to it. Mauldin believes the dollar is going to keep rising and “get a lot stronger than anyone can imagine.” He says, “We are going to be trading stronger against nearly every currency.“ In other parts of the world, currencies are slipping as the U.S. dollar strengthens. Central banks in Europe and Japan are shifting policies to fight slowing growth and fend off deflation. Last month, the Bank of Japan boosted its quantitative easing strategy, and the yen fell to a seven-year low against the dollar on the news. The European Central Bank is expected to start its own QE program. More at the link...

[Minsc]

Calling all tin foil hat members that were warning that the US dollar would be removed as the international trading currency, which would in turn cause a massive unprecedented depression.

How's that working out for you?

[Gaffer]

My only question is what stocks, instruments, etc. that Joanna is hawking right now and for whom.

[refermech]

As Europe is slowly taken over by the muslims or Russians, the dollar should remain the defacto world currency. But the Chinese will be breathing down our necks.

[Gaffer]

I actually googled this “Midwestern girl on the east coast”. You seriously aren’t trying to hold her up as the be-all and end-all authoritative source on finance and world economy are you?

[Minsc]

This isn’t the first article I’ve seen about the current strength of the dollar. It’s true.

[Minsc]

Take a look at the currency charts, pick your source and decide for yourself.

[Iron Munro]

It may seem stronger relative to other currencies
But its absolute value, what goods it will actually buy in the marketplace, is less and less every day.

[Paine in the Neck]

How's that working out for you?

Time will tell. For now, this is just the dollar being slower in the race to the bottom than the euro or yen.

[Gaffer]

Even with your assertion, parts of which I agree with, operative, I am not so rosy as to the underlying strength this so-called expert attests. ILLUSION coupled with government subterfuge and behind the scenes actions that just perpetuates debt, liabilities and the true picture may be enough - for a short time, but ultimately won’t prevail.

[Gaffer]

You can take your buck on our future, that’s okay. It won’t last.

[Grampa Dave]

The decrease in oil prices and as a result our decrease in oil imports and increases in our oil exports is making our $ stronger each day. This week, I filled the gas tank on my pickup for $2.85 per gallon. A month ago it was $3.30/gallon, and we thought that was a good price. Every gas tank fill up by an American means more disposable means they get to keep more money in their pocket.

Lower fuel prices can mean lower food prices. We bought our monthly 4 pack of boneless rib eyes at $6.99/ pound this week versus $9.99 last month.

One of the best kept secrets with the crisis in Iraq/Syria/? and other oil producing countries, is how the price of gasoline and oil in America keeps coming down.

Increased U.S. production is helping to create an oil surplus on world markets, driving down prices despite a myriad of threats to oil supplies, and doing more to crush Russia’s economy than the sanctions imposed by the U.S. and European Union, said Chris Faulkner, chief executive of Breitling Energy.

http://www.washingtontimes.com/news/2014/sep/8/us-oil-surplus-eases-prices-in-global-crises/?page=all

This is also preventing the Opecker Princes from doubling their price on oil to again cause another major economic recession around the world.

The price of oil on the open market is kicking the Opecker Princes, Putin and the thugs in charge of Venezuela really hard below their economic belts.

[Gaffer]

Yeah....if it’s on the internet, it HAS to be true, doesn’t it?

[Mastador1]

Seems to me I've heard a line like that before.

If you strike me down, I shall become more powerful than you could possibly imagine.

[Attention Surplus Disorder]

I’m glad there is someone else around here who sees it. On the theory that trends, especially commodity trends, especially currency trends, can sometimes go on a lot longer than you would ever imagine.....I am starting to think the USD “rally” will go on for a heck of a long time. The “dollar to zero” crowd is just simply wrong.

I am not sure how this will affect gasoline more than it has.

[refermech]

So true, Our debt problem will be our undoing if not dealt with soon.

[Gaffer]

Lower fuel prices can mean lower food prices.

One would think. But GOVERNMENT always finds a way to even out costs with what it thinks they SHOULD be. TAXES....taxes imputed at incentives, punishment and equalization. Any gains from this will be short-lived, IMO. GOVERNMENT has to finance its voter-base largess and they will not stop at just that.

[wastedyears]

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=EUR

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=GBP

[The Sons of Liberty]

U.S. dollar will "get a lot stronger than anyone can imagine",

Despite interference from the 0bama regime, the steady move toward energy independence and away from mideast oil, should be a big boost to the dollar and the economy.

[Arlis]

Most currencies are falling rocks. The dollar is just falling slower than the rest.

Or, is this another sign of deflation? There are many.......

[Gaffer]

And I guess you haven’t noticed government’s sideways response to fracking, et al via their ‘concern ecoists’ ‘informed research’ about the [ooga booga] terrible effects of fracking on our geological safety?

The true fact is that government, THIS rabidly liberal infested government actually thinks our energy costs should align with other countries (i.e., much much higher) and they will spend their last breaths to make it so.