Friday, March 30, 2012
Tuesday, March 27, 2012
From the YouTube description:
Join me as I take you on a tour of the U.S. Dollar's road to destruction. From a loss of value to a loss of demand the U.S. dollar is closer to joining all other paper currencies in their rightful resting place. Gold and Silver are your safe haven for the impending storm ahead.
The analysis and discussion provided by MoneyBags73 is for your education and entertainment purposes only, it is not recommended for trading purposes. I am not an investment adviser and information obtained here should not be taken for professional investment advice.
The commentary on MoneyBags73's videos reflect the opinions of MoneyBags73.
Your own due diligence is recommended before buying or selling any investments, securities, or precious metals.
Monday, March 26, 2012
Thank's Uncle Ben! The more he talked, the lower your dollar goes.
The dollar traded 0.1 percent from its lowest level this month against the euro after Federal Reserve Chairman Ben S. Bernanke said accommodative monetary policy is still needed, reducing demand for U.S. assets.
The greenback has weakened against all but one of its 16 major counterparts this year and Bernanke’s comments added to speculation the Fed will embark on a third round of quantitative easing, or QE3. The euro remained higher after a two-day advance against the yen amid optimism European finance ministers will agree to bolster the region’s debt-crisis firewall when they meet March 30. The yen weakened on prospects Asian stocks will extend a global rally.
“The U.S. dollar is going to find it difficult to rally,” said Andrew Salter, a strategist in Sydney at Australia & New Zealand Banking Group Ltd. (ANZ) Bernanke’s comments “were taken to mean the chances of QE3 were more likely,” Salter said.
The dollar traded at $1.3354 per euro at 8:31 a.m. in Tokyo from $1.3359 yesterday, when it touched $1.3368, the weakest since Feb. 29. It bought 82.96 yen from 82.82 yesterday, when it gained 0.6 percent. The euro was at 110.78 yen, after rising 1.3 percent to 110.65 yesterday.
Breaking US Dollar Collapse News
What's Behind the Decline of the US Dollar?
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, 2011Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.