America Weak Dollar Policy: You Can Envision All Sorts of Crises

The Dollar Index hit yet another 14-month low early Monday after a Chinese central bank official urged the PRC to diversify its reserves into more euro and yen. A stronger-than-expected GDP report in South Korea also put pressure on the greenback as traders expect other central banks to follow Australia's lead and raise rates while the Fed stands pat.

World Currencies To Join In Race To The Bottom

Bob Chapman
The International Forecaster
October 26, 2009
The G-20 finance ministers meet in Scotland on November 6th and 7th, and they will all be bleating about the fall in the dollar. France started this week, and the others will follow. Their currencies are rising in value and they do not like it.
We expect other nations to follow, Mexico and Brazil in imposing a 2% tax on incoming funds and others will print their currencies and buy dollars to reduce the value of their currencies and at the same time buy US Treasuries that are decreasing in value. That will neutralize any benefit from the exercise. In addition, they will all scream for a strong dollar policy. By the time the meeting begins the dollar should be between 71 and 72 on the USDX, the dollar index. The weaker dollar means dollar debt will be cheaper to pay back. The big question is how long will it take for the dollar to fall to 40 to 55?
We are often asked how does today compare with the 1930s in tax revenue and government spending? In 1930-31 tax revenue fell almost 53%. It increased 250% in 1932 and tripled in 1938. Yet, growth during the 30s went nowhere. In spite of an increase of 45% in government spending during those years by 1940 GDP had not returned to the levels of 1930. In 1939 unemployment was still 17.2% and in 1940, 16.4%. This is the same monetary policy being used today that was used during the 1930s. Keynesian monetization that does not work. The only reason the depression did not continue is that FDR arranged another war, otherwise the depression could have continued indefinitely. The debt bubble of the 1920s only lasted seven years. Our present debt bubble actually began in 1978, was purged in 1982-83 and began again in 1986. It was killed in 1989 and resurrected in 1994. The bubble of 2000-2001 was replaced by our current real estate bubble in 2003, which is now in the process of deflating. The privately owned Federal Reserve engineered all this.
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How to Make Money Off the Weak Dollar

Waddell and Associates CEO David Waddell on investing in the dollar.

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Natural Gas Boosts Jobs in America

Natural Gas Boosts Jobs

IHS Global Insight's Jim Austin on job growth in Pennsylvania from the natural gas industry.



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Crude oil pushing much further than $85 per barrel.

Peter McGuire, MD of CWA Global Markets, said at this moment he does see crude oil pushing much further than $85 per barrel.

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Options Stocks online brokers Commodities China Gold emerging markets : Najarian

Commodities to Yield best Performance : Najarian

Home Sales Jump to a 26 years record .Money Minute

Home sales post one of the biggest gains in years, Microsoft shares jump and a vote for universal phone chargers. The AP's Mark Hamrick reports. (Oct. 23)

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Safest Way to Buy Gold . James DiGeorgia,

Safest Way to Buy Gold

James DiGeorgia, author of The Trader's Great Gold Rush, argues that gold will hit $2,000 soon and reveals the safest ways to buy and store the precious metal. Original Air Date: 10/22/2009.

Refining Stocks: Oil Trade

Expert trader Dan Dicker says to buy stocks of refining companies when they report earnings and then sell the stocks next spring. Original air date: 10/21/2009.

Oil Spike Threatens Recovery: Is $80 the New $100?

Crude oil prices surged to a 12-month high above $80/barrel Wednesday as the U.S. dollar tumbled to a 14-month low, prompting investors to embrace hard assets such as oil and gold. (Oil prices slipped under $80/barrel Thursday as the dollar enjoyed a reprieve from its recent rout.)

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The Dollar Is Dying a Slow Death, Says Niall Ascent of Money Ferguson

"It's clear where we're headed," says Niall Ferguson, author of The Ascent of Money. "Ten years from now there will be more than one international reserve currency," he tells Tech Ticker.

The Days of Buy and Hold Are Over, Says John Mauldin

Mauldin, who writes the Thoughts from the Frontline e-letter, does think there's money to be made in real estate. With prices so depressed in many markets, he says buying property on the cheap and renting it "is a prescription for making money."

tLittle Room for Error in Sock Market, Value Manager Says

"A year ago there was value everywhere, now we're having a hard time finding ideas," says Abhay Deshpande, who oversees more than $20 billion as a portfolio manager for First Eagle Funds, including the U.S. Value, Overseas and Global funds, which are up 19.5% and 28% in the past year, respectively.

Robert Shiller: We Could Have Another Housing Boom, But I Doubt It

"It's V-shaped. We've never seen it before. That makes it hard to know from statistical basis what it portends."
"We're going to continue to see more up months but I kind of think it's more likely to fizzle out," he says.

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