Showing posts with label U.S. Dollar. Show all posts
Showing posts with label U.S. Dollar. Show all posts

Wednesday, May 18, 2011

Dollar is Trash, Latin America is Gold...The US dollar has hit a 33-month low.

Dollar is Trash, Latin America is Gold...The US dollar has hit a 33-month low...The dollar is in a heap of trouble, says real estate billionaire Sam Zell. And with the United States economy in such disarray, he sees Latin America as very attractive, particularly Colombia, Peru and Chile. "We’re printing money at a staggering rate. It all comes down to how much longer everybody is going to be willing to take a depreciating currency,”

http://www.moneynews.com/StreetTalk/Sam-Zell-Dollar-Latin/2011/05/18/id/396786?s=al&promo_code=C488-1

Wednesday, May 4, 2011

Bank of Mexico buys 100 tons of gold in two months

Bank of Mexico buys 100 tons of gold in two months...Mexico's central bank purchased almost 100 metric tons of gold in February and March, another signal that emerging markets are likely to steadily raise their gold reserve holdings, industry participants say...The peso is currently trading at its strongest level against the dollar since early October 2008 (WONDERING WHICH DRUG CARTELS PITCHED IN FOR THE BUY?)

http://www.marketwatch.com/story/bank-of-mexico-buys-100-tons-of-gold-in-two-months-2011-05-04

Sunday, April 24, 2011

US Dollar is getting hammered by the day and by design

US Dollar is getting hammered by the day and by design... Fed want a weaker currency to boost exports and lower the real burden of debt on the banks... The Fed is running the whole shooting match now and the rest of us are just bystanders with no say-so

http://www.marketoracle.co.uk/Article27730.html

Wednesday, April 20, 2011

It’s Official: China Will Be Dumping US Dollars

It’s Official: China Will Be Dumping US Dollars..The Fed WILL continue to pump money into the system 24/7 and it’s going to result in the death of the US Dollar.
China announced that its foreign currency reserves are excessive and that they need to return to “reasonable” levels. In politician speak, this is a clear, “we are sick of the US Dollar and will be taking steps to lower our holdings.” Remember, the US Dollar is China’s largest single holding. And China has already begun dumping Treasuries (US Debt)...The dimwits in Washington don’t understand this because their advisors are all Wall Street stooges who don’t think debt or deficits matter.

http://www.zerohedge.com/article/it%E2%80%99s-official-china-will-be-dumping-us-dollars