Top expert on currency: Dollar is headed for a "CATASTROPHE" - GoFuckYourself.com - Adult Webmaster Forum

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sumphatpimp

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#16

03-30-2005, 09:11 AM

The 79-year-old - who pegged his country's sinking currency firmly to the dollar when Prime Minister in 1998 - said: 'It is certainly on the way to collapse.'

pretty fucking stupid move don't you think?

this jit bag is talking out of both sides of his mouth.

he probably is planning a big move in the us dollar market and he is setting up the deal and the market.

thanks for the money suckers!
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Michael O

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#17

03-30-2005, 09:22 AM

I get less than 50% now per signup in Danish Kroner than I did when I first started. With the falling exchange rate and lowered payout by most programs.
It really sucks I am all for the Dollar being strong.

Graph for the last 5 years US$ against Danish Kroner:

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mikeyddddd

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#18

03-30-2005, 09:33 AM

Originally posted by GoLiaT

bagdad bob switched side ?

Baghdad Bob said

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Keev

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#19

03-30-2005, 09:33 AM

oh well... we can be like all the other countries and accept money and not pay it back ... its our turn now LOL

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DarkJedi

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#20

03-30-2005, 09:37 AM

Originally posted by flashfreak

haha.. this must be a joke.
maybe you don't know that half of the investitions in EU are made by former US companies, investment funds etc.
if they want they can leave EU ass naked !

yeah, thats it
http://finance.yahoo.com/q/bc?s=USDEUR=X&t=1y

World (and the elite) are bailing on Dollar (Bush) and you should too.

Asian banks offload their greenbacks

March 12, 2005
http://www.theage.com.au/news/Busine...-offload-their
-greenbacks/2005/03/11/1110417685655.html?oneclick=true#

The US dollar's status as the world's main reserve currency is under threat as Asian banks back away from the superpower's ballooning twin deficits.

Over the past three years, central banks in the region have been scaling back their holdings of US dollars amid jitters about the United States' ever-expanding current account and budget deficits, which collectively soaked up at least $US1000 billion ($A1265 billion) of foreign currency last year.

A report by the Bank for International Settlements has estimated that the share of deposits held in US currency by Asian banks dropped to 67 per cent in the September quarter of 2004, from about 81 per cent of total deposits three years earlier.

The figures suggest that a dramatic but not widely publicised regional shift away from the US dollar is under way.

They follow a warning from Japanese Prime Minister Junichiro Koizumi that the Japanese central bank should consider diversifying out of US dollars. Korea expressed similar sentiments last month.

The report said the shift had been most pronounced in India, where the ratio of reported US-dollar holdings has plummeted from around 68 per cent to 43 per cent over the three years to September 2004. China has also been scaling back its holdings, taking its share from 83 per cent to 68 per cent.
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swedguy

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#21

03-30-2005, 09:40 AM

Originally posted by Manowar

sucks for all non-us affiliates

Pretty much

Maybe it's time to focus more on non-US sponsors.
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swedguy

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#22

03-30-2005, 09:43 AM

Originally posted by VirtuMike

I'm sorry, do you believe a guy named "Mahathir Mohamad"?

Why shouldn't I?
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samsam

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#23

03-30-2005, 09:44 AM

Originally posted by warlock5

Some people actually believe that the US currency is dropped because of some big conspiracy against the Republicans and George Bush. Give me a fucking break. They should be teaching real economics in schools instead of 12 years of literature and grammer.

Its got nothing to do with any conspiracy. The reason the US currency is weakening IS because of George Bush and his governments policies. That is a FUCKING fact, take it or leave it.

Who do you think turned a surplus into a decific. George Bush.
How did he do it? Mostly its to do with the HUGE cost of ongoing war and the "war against terror".
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woj

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#24

03-30-2005, 09:50 AM

We are all in the same ship... if dollar sinks, everyone else will drown too...

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Relish XXX

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#25

03-30-2005, 09:52 AM

Originally posted by woj

We are all in the same ship... if dollar sinks, everyone else will drown too...

No America will drown....everyone else will take a hit cash wise then buy America!
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Forest

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#26

03-30-2005, 09:55 AM

Originally posted by LeeNoga

and we are supposed to do what?

MOVE
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VirtuMike

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#27

03-30-2005, 09:58 AM

It's cool. We don't mind. If the rest of the world is too stupid to buy low sell high, let them. I think it's amusing that they're buying high and selling low even though they are looking at it through the eyes of expert malaysian economists named Mohamad.

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quant

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#28

03-30-2005, 10:17 AM

Mahathir Mohamad is a fascist. He doesn't like the idea of free markets.

An economic catastrophe won't only be caused by the dollar. Other currencies have major problems and throughout Europe there are highly leveraged deals that stress the entire system.

Read the bottom of the article:

Mahathir said the only factor now holding back a collapse in the dollar's value was a worldwide fear of the consequences should the world's reserve currency go into a nosedive.

Considering 40% or more of our debt is owned by foreigners, a major decline would adversely affect our investors. Plus, the lower the dollar goes the cheaper our exports become (Bush wants this). This means other countries' currencies appreciate making exports more expensive (lowering their GDP), which is why China has continued to peg their undervalued currency to the dollar to maintain their manufacturing exporting dominance.

Regardless, the dollar is the reserve currency of the world, the Federal Reserve mosts controls the BIS (the central banker's bank), who's ungodly reserves are now held in the IMF's SDR (1 = 45% USD, 29% EUR, 15% YEN, 11% GBP). And of course the IMF devours smaller economies. It's survival of the fittest and I'm sure Wolfowitz will continue this at the World Bank.

Traditionally we could just go to war with the creditors and destroy them, the biggest being Japan, China, and the UK. We will eventually reach a bifurcation point which will either result in global financial chaos as we fight (more) wars for resources or adapt to radical rapid changes (if technology can produce our energy needs). But that's a few years off.

It still is a guarantee that the EUR/USD will make all time highs this year.
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woj

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#29

03-30-2005, 10:29 AM

Originally posted by quant

Mahathir Mohamad is a fascist. He doesn't like the idea of free markets.

An economic catastrophe won't only be caused by the dollar. Other currencies have major problems and throughout Europe there are highly leveraged deals that stress the entire system.

Read the bottom of the article: Considering 40% or more of our debt is owned by foreigners, a major decline would adversely affect our investors. Plus, the lower the dollar goes the cheaper our exports become (Bush wants this). This means other countries' currencies appreciate making exports more expensive (lowering their GDP), which is why China has continued to peg their undervalued currency to the dollar to maintain their manufacturing exporting dominance.

Regardless, the dollar is the reserve currency of the world, the Federal Reserve mosts controls the BIS (the central banker's bank), who's ungodly reserves are now held in the IMF's SDR (1 = 45% USD, 29% EUR, 15% YEN, 11% GBP). And of course the IMF devours smaller economies. It's survival of the fittest and I'm sure Wolfowitz will continue this at the World Bank.

Traditionally we could just go to war with the creditors and destroy them, the biggest being Japan, China, and the UK. We will eventually reach a bifurcation point which will either result in global financial chaos as we fight (more) wars for resources or adapt to radical rapid changes (if technology can produce our energy needs). But that's a few years off.

It still is a guarantee that the EUR/USD will make all time highs this year.

not bad for a first post

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0000000000000000000001000

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#30

03-30-2005, 10:37 AM

Originally posted by warlock5

Some people actually believe that the US currency is dropped because of some big conspiracy against the Republicans and George Bush. Give me a fucking break. They should be teaching real economics in schools instead of 12 years of literature and grammer.

You're a crappy graphic artist charging USD 49.95 for a logotype. What do you know of economics?
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