jitagawn Posted July 16, 2007 Report Share Posted July 16, 2007 I called him naieve...sorry I just think the whole fiat currency system is headed for the loo and with it a flight from the US economy .Real estate has started the push now watch the stock market(2-4 years)When broader confidence in the US dollar starts waning we are all f---\Its group speak- Buy gold hard assets Link to comment Share on other sites More sharing options...
FreeTime Posted July 17, 2007 Report Share Posted July 17, 2007 Yes, the world fiat currency system is shaky. The U.S. Dollar Index, currently about 80.5, is approaching a historically critical area. The U.S. Dollar has rebounded 3 or 4 times since the 1990's whenever the index dropped to 80 or just below. The $$ may bounce from this level once again based on past performance. Conditions are not optimal at this time for a sustained rebound, some believe. The worst case scenario is that it starts weakening again and plunges well under 80 on the index, possibly creating a currency crisis. http://stockcharts.com/charts/gallery.html?$usd More charts and Dollar commentary can be found at: http://www.321gold.com Link to comment Share on other sites More sharing options...
Ongchaiyai Posted July 17, 2007 Report Share Posted July 17, 2007 Thai Central Bank want to control the movment of the US $$$ as well.......... In addition, the central bank should set a target to keep the baht movement in a range of 35-36 to the US dollar. He said the current situation on the baht surge had already reached a crisis because many export-oriented industries could not survive. If the problem continued unabated, it would affect the farm sector and cause financial institutions to incur more non-performing loans. http://www.bangkokpost.com/breaking_news/breakingnews.php?id=120257 Link to comment Share on other sites More sharing options...
.. Posted July 18, 2007 Report Share Posted July 18, 2007 Aussie dollar was down to 50c now its 80cents Errr, it's $0.87+ now; was $0.75 in Jan 07. A 14% change in six months... Cheers, SD - not getting the deals on Oz wines he once was... Link to comment Share on other sites More sharing options...
OCgringo Posted July 18, 2007 Report Share Posted July 18, 2007 ouch , I did not look for a few months , I had stopped importing stuff from OZ a couple years ago, cost had gone up in $AU , US$ down and shipping up, Cut the profit to a point that it was not worth the trouble OC Link to comment Share on other sites More sharing options...
Nervous_Dog Posted July 18, 2007 Report Share Posted July 18, 2007 Ahhhh, the days when I was paid in Dollars, USA ones, and the Aussie was 60 - 50 cents FARK that was good times Link to comment Share on other sites More sharing options...
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