Saturday, March 5, 2011

Video: Peter Schiff on CNBC Fast Money: U.S. Heading Toward a Dollar Collapse

Our good friend Peter Schiff is once again ahead of the curve, speaking the truth that many do not want to hear about the collapse of the dollar. Here's his appears on CNBC's Fast Money on March 1, 2011.

Video: Coming Soon (2011): End of the Dollar • End of America--Lindsey Williams and Gerald Celente

The latest from chaplain Lindsey Williams about the end of the US dollar and, as a result, the end of America. Included in this video is a recent interview with Alex Jones, on the Alex Jones Show (aka

All of this has to do with the unrest in the Middle East and the rising cost of oil.

US Dollar Seen Lower Next Week After Jobs Data

The US unemployment numbers might appear to be down, and that would seem to be good news, but the US Dollar will be taking it on the chin next week as a result.

Reuters explains why:
The U.S. dollar is likely to fall in the week ahead as investors continue to bet that interest rates in the euro zone will rise ahead of those in the world's largest economy.

U.S. February jobs data came in a touch better than expected on Friday but disappointed investors who had hoped for an even stronger report.

Investors see strong U.S. jobs growth as necessary for the Federal Reserve to end its second round of quantitative easing and instead tighten monetary policy by raising rates.

Friday, March 4, 2011

Sam Zell: Dollar's Global Fall Will Be "Disastrous" for US Living Standard

Looks like good bye luxury, hello Walmart!

Billionaire real-estate magnate Sam Zell warns that Americans should brace for a "disastrous" 25 percent decline in the standard of living if the U.S. dollar’s reign as the global reserve currency ever ends.

He says that there are signs in the market that it could eventually happen. As it is now, a Korean manufacturer who wants to sell to Brazil must first buy dollars to complete the deal. If countries decide to bypass the dollar, the effect would be a disaster, Zell says.

“Frankly, I think we’re at a tipping point. What’s my biggest single financial concern is the loss of the dollar as the reserve currency,” he told CNBC in an interview. “I can’t imagine anything being more disastrous to our country than if the dollar lost its reserve-currency status.”

Although he is “hoping against hope” the dollar remains the standard for international exchange, he warns that “you’re already seeing things in the markets that are suggesting that confidence in the dollar is waning.”

If that happens, the impact on the United States would be deep. “I think you could see a 25 percent reduction in the standard of living in this country if the U.S. dollar was no longer the world’s reserve currency,” Zell said “That’s how valuable it is.”

Zell: Dollar's Global Fall Will Be 'Disastrous’ for US Living Standard

Wednesday, March 2, 2011

WSJ: Why the Dollar's Reign is Near an End

What will happen to the US dollar when it is no longer the world's main reserve currency? Hold on to your wallets!

The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days.

Instead, it's the extent to which the market remains dollar-centric.

Consider this: When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter. Indeed, the dollar is virtually the exclusive vehicle for foreign-exchange transactions between Chile and Korea, despite the fact that less than 20% of the merchandise trade of both countries is with the U.S.

Chile and Korea are hardly an anomaly: Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars. What's more, what is true of foreign-exchange transactions is true of other international business. The Organization of Petroleum Exporting Countries sets the price of oil in dollars. The dollar is the currency of denomination of half of all international debt securities. More than 60% of the foreign reserves of central banks and governments are in dollars.

The greenback, in other words, is not just America's currency. It's the world's.
Dollar's Reign as World's Main Reserve Currency Is Near an End -

Tuesday, March 1, 2011

Monday, February 28, 2011

Video: The Day the Dollar Died - December 19, 2012

When the US Dollar collapses, how will it happen? This YouTube video from give us the first twelve hours of how things could unfold. (This video has been seen more than 1 million times already.)

If you weren't scared before, you will be after watching this.

Dollar Index Collapses, Falls to Four-Month Low

Another new low for the dollar. Need any more information to tell you where the dollar is going?
The dollar fell to a four-month low Monday, resuming a recent downward trend as currency traders pushed the euro higher ahead of this week’s meeting of European Central Bank policy makers.

Traders turned their focus to countries expected to soon raise interest rates, something that would make their currencies and debt yields more attractive to investors. Political turmoil in the Middle East, which has lately driven traders to so-called safe-haven currencies, has shifted to support currencies that benefit from higher energy prices.

The dollar index /quotes/comstock/11j!i:dxy0 (DXY 76.89, -.00, -.00%) , which measures the U.S. unit against a basket of six currencies, fell as far as 76.756, the lowest point since early November.
Dollar index falls to four-month low Currencies - MarketWatch

Need to Lose 9 lbs in Only 11 Days? - Learn the Secrets Behind The Idiot Proof Diet and save 50% with this secret bonus code.

Fed's Bernanke Talks Down US Economy, Dollar Falls Again

Thanks Uncle Ben! Just what we needed, your help in trashing the dollar even more.

Can someone get this guy to shut up already?
The dollar fell toward a one-month low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke will today express concern over the pace of jobs growth, damping demand for the nation’s assets.

The euro completed a third straight month of gains versus the greenback in February on prospects European Central Bank President Jean-Claude Trichet may indicate this week a readiness to increase interest rates. Australia’s dollar was 0.1 percent from its highest in a month before China is forecast to report moderating manufacturing growth in February, easing pressure on policy makers to raise borrowing costs further to tame inflation.

“Investors are wary that Bernanke will play down the recent encouraging signs in the U.S. economy in favor of caution about high unemployment and low underlying inflation,” said Mike Jones, a currency strategist at Bank of New Zealand Ltd. in Wellington. “We’ve seen the U.S. dollar on the back foot on expectations the Fed will maintain a relatively loose policy against rate hikes in the euro-zone. That will continue.”

The dollar fell to $1.3821 per euro at 9:11 a.m. in Tokyo from $1.3806 in New York yesterday, when it reached $1.3856, the weakest since Feb. 2. It fetched 81.85 yen from 81.78 yen. The greenback was at 97.15 Canadian cents from 97.16 cents, after earlier touching 97.07 cents, the least since November 2007. The euro rose to 113.12 yen from 112.91 yen.

Dollar Falls Toward One-Month Low Against Euro on Bets Fed Will Trail ECB - Bloomberg

Need to Lose 9 lbs in Only 11 Days? - Learn the Secrets Behind The Idiot Proof Diet and save 50% with this secret bonus code.

Lindsey Williams: Gas to $7, Dollar Collapse by End of 2012

A regular guest on the Alex Jones radio show (they guy who let Charlie Sheen trash CBS and producer Chuck Lorre on the air) Lindsey Williams has made very accurate predictions about what will happen to the price of oil and, conversely, the drop in the dollar.

On Tuesday, Pastor Lindsey Williams appeared again on the Alex Jones radio program to give one of the most troubling reports yet from his insider sources from the top three oil companies.

Background on Lindsey Williams

I've been listening to his reports for a while, and have found his sources to be very accurate, though I don't care for his delivery. He could present in five minutes what he takes three hours to milk and hype, with a lot of repetition, urging the audience to take notes, setting the context that he already set 10 minutes ago. That aside, his information is valuable.

Back in the Fall of 1992 I had Lindsey Williams come speak to a large group of people at a junior high auditorium in Spanish Fork, Utah. It was the last formal event of the American Study Group that I founded, and which dissolved over concerns that the group was causing people to question the Church to which they belonged; urging people to stand independent rather than leaning on an organization in their standing with God.

Three decades ago, Williams served as Chaplain of the Alaska Pipeline Company, and bush pilot. In that capacity he struck up life-long friendships with several executives in the oil industry who have kept in touch with him over the years, feeding him key information about the plans of the global elite. Their disclosures to him are not so much along the lines of "whistle-blower" as they are holding true to an edict they conspirators live by that they will not do something before first letting people know what they're going to do (like a bully saying, "I know where you live."). And Lindsey Williams happens to be one of their methods of letting the public know their conniving plans.

Free energy antidote to $4-7/gallon gas; $200/barrel oil; dollar collapse

Guru: US Dollar Collapse Ahead

Don't say something didn't try to warn you.
As a regular guest on King World News with Eric King, Turk said the chart of the U.S. Dollar Index (USDX) looks ominous to him.

“The dollar right now is hanging on the precipice. If we break below 77 on the Dollar Index, look out below,” said Turk. “I don’t think people really appreciate how scary the dollar chart is here, or how ominous the implications really are. There’s no predicting how far the dollar could plunge if confidence breaks.”

The dollar’s health against six major competing currencies offers insight to safe-haven buying during periods of uncertainty. During the meltdown of global financial markets in 2009, the dollar was the go-to currency, while gold, silver and oil plunged.

During the sovereign debt crisis involving EU member nation, Greece, the dollar and gold shared safe haven status through the March-June 2010 period.

Today, Turk senses a shift in the dollar’s role as the “risk-off” trade, noting the USDX failed attempt at decisively breaking above the 78.50 level in the USDX as the crisis in Egypt showed clear signs of spreading to the oil-producing nation of Libya.

“You’ve got civil war breaking out in North Africa and you have rebellions happening in the Middle East,” Turk continues. “In this kind of geopolitical situation, in the past the U.S. dollar would always rally, but this time it can’t even bounce.”
Guru Insight; U.S. Dollar collapse? | Beacon Equity: Penny Stocks, Stock Alerts

Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.