Tag Archives: us dollar

“The Americans no longer have the means to save themselves.”

Posted on December 27, 2009 by stacyherbert| 320 Comments

Stacy Summary: Haven’t seen this posted anywhere else, but it’s Martin Wolf speaking in Singapore. This, in my opinion, is going to be one of the biggest stories over next ten years. The dollar, obviously, can no longer function as reserve currency; but it’s one thing identifying the problem, and another thing fixing it, especially while that system is still operating. It seems we prefer collapse to motivate us to change course. Anyway, your ideas for solutions? Or, do you see no problem with what we have?

Do we need a new reserve currency?

“Because the dollar, to my mind, given its underlying conditions, is no longer a credible long-term store of value,” said Wolf.

“The Americans no longer have the means to save themselves, this is what I think people don’t understand. There is no credible American policy,” said Wolf.

Continue reading →

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Posted in Headlines

Tagged reserve currency, us dollar

USD: No Bottom in Sight

Posted on November 23, 2009 by stacyherbert| 19 Comments

Stacy Summary: We spoke to these guys for Death of the Dollar 2. As we only had screen time for about 5 minutes of their 45 minutes of tape, I should post the entire conversation.

Dollar slump persisting as top analysts see no bottom

Standard Chartered Plc, Aletti Gestielle SGR, HSBC Holdings Plc and Scotia Capital Inc. say the dollar will depreciate as much as 6.4 percent versus the euro. About $12 trillion of fiscal and monetary stimulus, the world’s lowest borrowing costs and a record $4 trillion of government bond sales between 2009 and 2010 will weigh on the currency, they said. So will the nation’s 10.2 percent unemployment rate and signs that the economic recovery may falter, they said.

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Posted in Headlines

Tagged standard chartered, us dollar, usd

Sunday Video Club: The Dollar Will be Utterly Destroyed

Posted on November 8, 2009 by stacyherbert| 97 Comments

Stacy Summary: Here’s my video for Sunday viewing. What have you got?

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Posted in Max Keiser Video

Tagged damon vickers, global currency, gold, us dollar

Over the Edge . . . with Janet Tavakoli

Posted on October 11, 2009 by stacyherbert| 100 Comments

Stacy Summary: Surprise! Here is the additional material we shot with Janet Tavakoli. Lots of interesting stuff here. Enjoy!

(For those who missed the first half, here is the On the Edge episode from 02 October)

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Posted in Max Keiser Video, On the Edge

Tagged deflation, gold, inflation, janet tavakoli, max keiser, over the edge, us dollar

[Video] Max Keiser – Dollar to be buried by 2018

Posted on October 6, 2009 by stacyherbert| 143 Comments

Stacy Summary: Haven’t even had a chance to watch this yet myself, going to do it now!

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Posted in Max Keiser Video

Tagged max keiser, russia today, us dollar

HSBC says sun is setting on the dollar [Updated]

Posted on September 21, 2009 by stacyherbert| 71 Comments

Stacy Summary: H/t @Mike/Liverpool for the article. Of course, HSBC has been talking about this for the past few years and they are no doubt right for the medium to long term; but, in the short term, this headline is probably a contrarian indicator. Right now, bullish sentiment on the dollar is at only 3% which is lower than where it was just before the dollar turned around last year and rallied ferociously.

HSBC bids farewell to dollar supremacy

“The whole picture of risk-reward for emerging market currencies has changed. It is not so much that they have risen to our standards, it is that we have fallen to theirs. It used to be that sovereign risk was mainly an emerging market issue but the events of the last year have shown that this is no longer the case. Look at the UK – debt is racing up to 100pc of GDP,” he said

Update: Video on dollar carry trade that might interest you.

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Posted in Headlines

Tagged hsbc, us dollar

India drops a dollar nuke on holiday weekend Friday

Posted on July 3, 2009 by stacyherbert| 49 Comments

Stacy Summary: Yikes. Next week’s G8 is going to be verrrry interesting.

India’s Tendulkar says government should diversify forex reserves

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Posted in Headlines

Tagged india, us dollar

Did the dollar just die? [Updated]

Posted on June 26, 2009 by stacyherbert| 56 Comments

Stacy Summary: Thought I would gather some headlines on how other blogs are responding to the China’s announcement of the dollar’s imminent demise. Just domestic politics, or real threat? What do you think? And how are you positioning accordingly?

Naked Capitalism: China again throws its weight against dollar as reserve currency

ZeroHedge: RIP USD market volume

Updates:

Iraqi oil contracts to be auctioned in live TV ‘game show’ – Exxon, BP & Shell to participate

Stacy – Weird, this is like some demented oil minstrel show for the Twitter age.

“It’s like a Eurovision song contest or a game show for energy companies,” said an executive at a top-three global oil giant. “A lot of work has gone into preparing our bid but I think on the day we are going to see the process may be quite fluid. If some companies find themselves disappointed on one contract they may have to make deals with other partners on the spot.”

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Posted in Headlines

Tagged china, us dollar

New Labour imploding, gold looking good to some for the first time in 152 years

Posted on June 2, 2009 by stacyherbert| 46 Comments

Stacy Summary: Implosion in Brown’s party. While Brown’s bottom looks bigger and bigger every day as more dive into safety of gold.

Northwest Mutual buys gold for first time in 152 years

New Labour’s Jacqui Smith resigns

New Labour’s Patricia Hewitt, Beverley Hughes & David Chaytor resign

Abu Dhabi Sheikh’s record £1.5 billion profit

Updates:

Hummer sold to Chinese company

Russia’s demands for new international reserve currency blamed for dollar’s decline

US newspaper ad sales plummet $2.6 billion in Q1 2009

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Posted in Headlines

Tagged hummer, russia, us dollar

Excessive consumption leads to dollar damage and muscle paralysis

Posted on May 21, 2009 by stacyherbert| 36 Comments

Stacy Summary: The dollar’s slow, painful death in a thousand headlines continues. While the study tying muscle weakness and paralysis to cola consumption explains, for me, the oddness of American obesity. While there are certainly plenty of obese people in Europe, they tend to maintain a human form and shape, a firmness to their large size; while the obese Americans I have seen seem to take on a very droopy piles of fat that dangle off their bodies. Perhaps it has to do with the vast quantities of cola that is giving them huge quantities of calories while also weakening their muscles? And re: the ‘accidental millionaires’ on the run . . . they are half way to being billionaires, now they just need to adopt Donald Trump’s ‘Mental Projection’ Technique.’ But seriously, they should have just used mental projection to become ‘millionaires’ through bankruptcy as does Trump. And the entire US economy for that matter.