Economics

[Lummox3]

Think, given the meltdown that those still "plugged in" are going to face and the fact that it will effect the real world I think it's a good idea to have a look at what's going on within it.

Been checking this guy's podcasts out, he does a "back of the envelope" analysis for the layman that's pretty good and has been so far fairly accurate.

<!-- m --><a class="postlink" href="http://www.youtube.com/user/jpalme2000">http://www.youtube.com/user/jpalme2000</a><!-- m -->

He also includes things like tips on surviving/planning for a depression/recession when you have a low/fixed income and what the fed changeds likely mean for the average Joe.

Please add anything else you think is relevent and Ill be sure to do the same.

[damageinc.]

Lummox3 Wrote:Think, given the meltdown that those still "plugged in" are going to face and the fact that it will effect the real world I think it's a good idea to have a look at what's going on within it.

Been checking this guy's podcasts out, he does a "back of the envelope" analysis for the layman that's pretty good and has been so far fairly accurate.

<!-- m --><a class="postlink" href="http://www.youtube.com/user/jpalme2000">http://www.youtube.com/user/jpalme2000</a><!-- m -->

He also includes things like tips on surviving/planning for a depression/recession when you have a low/fixed income and what the fed changeds likely mean for the average Joe.

Please add anything else you think is relevent and Ill be sure to do the same.

(This is an e-mail I got today.)

Dead Dollar Walking...

(This is a response to one of many list member missives I've been getting today about things financial - ed)

Thanks, Paul -

This is as critical a moment as you get in financial market watching.

I knew today was going to be interesting, but the next 35 minutes will be especially so. It's not often that I sit here, watching the tickers nearly nonstop like this.

PM stocks showed surprising strength yesterday, if they knew that the hammer would be falling today. So far today, they are showing similar strength, suggesting that somebody knows otherwise, in fact. Despite WhirlyBen's walk and talk this past week or so, I refuse to believe the US would not at least pay lip service to protecting the 78 dollar before bowing to the inevitable. This sure doesn't look like lip service.

The 78 dollar got hit with a truck this morning, dropping .50 to 77.25 as of now. Gold and silver both are showing serious strength this morning, too.

Will they marshall the forces to counter the obvious strength in PM markets at the same time that they are sweating bullets to keep the world stock markets going sideways? Dunno. I'd say, "Yes," normally, but normally you see the up move begin an hour or so before this on a Friday. I don't see how they come back from this deficit in the time that is left.

If we finish the hour with the dollar under 78, it is a very, very big statement, just as you note. Then Monday will become critical while we see if they let it stay there. If not, then....look out below...

Good instincts. I know you are positioned well to survive the now-in-progress train wreck. Even so, as you so aptly put it, "God help us," because WWWIII really has to be just days away if the dollar sails through 78 like this and keeps going.  Keep your gas tanks full, your bug-out bags packed and know where your kids are at all times.

I'm going to bcc my response to this to a few thousand of my closest friends, if you don't mind.

-ed

-----Original Message-----

From: Paul

Sent: Friday, September 28, 2007 8:50 AM

To: <!-- e --><a href="mailto:steele@conspiracypenpal.com">steele@conspiracypenpal.com</a><!-- e -->

Subject: Dollar Index Below 78

Hello Ed,

I've been reading your columns for a while now.

I noticed that the dollar index has dropped below 78 just a little while ago.

As of 11:11 AM EST, it was at 77.909

Currently, it sits at 77.953

I think from here on out, things will deteriorate very rapidly.........it's both amusing and horrifying to knowingly witness the destruction of our nation and economy, and being powerless to stop it.

God help us.

Regards,

Paul
===================================================
The $ is at 77.72 at 2:42pm cst 9-28-07 GOT GOLD & SILVER? Gold is at $743.10 up $10.60 Silver is at $13.72 up $0.24 

[Darren Dirt]

damageinc. Wrote:Dead Dollar Walking...

(This is a response to one of many list member missives I've been getting today about things financial - ed)

Thanks, Paul -

This is as critical a moment as you get in financial market watching.

I knew today was going to be interesting, but the next 35 minutes will be especially so. It's not often that I sit here, watching the tickers nearly nonstop like this.

PM stocks showed surprising strength yesterday, if they knew that the hammer would be falling today. So far today, they are showing similar strength, suggesting that somebody knows otherwise, in fact. Despite WhirlyBen's walk and talk this past week or so, I refuse to believe the US would not at least pay lip service to protecting the 78 dollar before bowing to the inevitable. This sure doesn't look like lip service.

The 78 dollar got hit with a truck this morning, dropping .50 to 77.25 as of now. Gold and silver both are showing serious strength this morning, too.

In the above, I'm not sure what the "dollar index" is, and why "below 78" is noteable. (does it have to do with a dollar vs. an ounce of gold? Is it the USD "dollar"?)


However, THIS is noteable... and considering the huge difference in "how the world perceives" these 2 "nations", and the difference in job markets, etc. I'm surprised it took this long.

Quote:OTTAWA -- The loonie soared above the U.S. dollar on Friday and never looked back, finishing the day ahead of the greenback for the first time in 31 years. The dollar closed at US$1.005. And many economists now believe the loonie will be nestled above parity well into next year, at least.

That would be good news for Canadian consumers who should start to benefit from lower priced imports and cheaper trips south of the border.

Confirmed: online exchange rate converter (maybe I should do another Amazon.com purchase?



- - -

update:
<!-- m --><a class="postlink" href="http://en.wikipedia.org/wiki/US_Dollar_Index">http://en.wikipedia.org/wiki/US_Dollar_Index</a><!-- m -->

Aha.

:o <!-- m --><a class="postlink" href="http://www.fxstreet.com/rates-charts/usdollar-index/">http://www.fxstreet.com/rates-charts/usdollar-index/</a><!-- m --> (looks like ~83 in June2007, from 92 in Nov2005, and now it's 78.31! wowzers... back in 2001-2002 it was pretty steady around 120 :o -- then a steady drop down to 79 in Jan2005 or so :-\ ) meh, too confusing to me, after watching the Alan Greenspan interview all I can wonder is "how does this rollercoaster chart correlate to the level of FEAR in the people?"

[Lummox3]

Basically, the dollar has maintained it's value by being backed by oil.

In the last decade this hasn't been the best option for a lot of the world (see Saddam wanting to go to euros, the russians not trading with the US so much etc). Once the dollar loses enough value, the oil nations will switch to euro's, and at that point the americas are hosed for import/export and everything else, as the rest of the world dumps dollars like they give skin cancer. The entire american way of life is founded on cheap fuel. You won't have any. Change is coming.

Long term it's no problem, america is a continent with everything it needs or wants self contained. Short term, the reliance on the chinese etc to do all the actual work might bite more than a small amount.

[Darren Dirt]

here is a timely article about the Sacred Myth Of Reserve Currency, the FRB, and Ron Paul (who has the AUDACITY to actually question the premise, instead of just suggesting slight changes in the implementation... *shock*)


ooo... I just had a headache with pictures appear in my brain -- You mean an idea? -- Uh huh!

What if the "finally letting the USD crash and burn" is all a controlled demolition of the Uhmerican Uh-con-uh-me, perhaps even as a response to the increasing questions that Ron Paul and Aaron Russo and Ed Brown and Larken Rose and others have been so vocal about raising, and to which the politics-believing faithful sheeple are starting to wake up!? In other words a financial version of "If we have a domestic terrorist incident, then all those PATRIOTACT-haters will shut up!" -- in this case "If we have a financial crash, and the Federal Reserve Bank saves the day by interfering oops I mean interceding, then all those CTs will shut up -- or at least will lose their fence-sitting audience..." :-\

[Lummox3]

The fed can't interfere. It's powerless. There is nothing it can do if the rest of the world* decides to stop using it's paper. The people at the top are the people at the top because they have no ethics/morals/standards and so will probably stay there. The pyramid they straddle will be much smaller.

In 1929, when the system crashed, it was saved by making promises legal tender. This is a trick that can only be performed once. The tech simply isn't there yet to say that bank photons are legal tender, nor would anyone accept it if it was, even the sheep. The end result of the 1929 crash will finally hit home after being evaded for decaes.

*By rest of the world, I mean the free markets within them, the individuals all over the globe just saying "how about something nice and real like gold" instead of dollars.

[Darren Dirt]

well, then the "Treasury" will do something -- planned all in advance, of course -- to calm the sheeple into believing wholesale the lie that "government is here to protect you... go back to sleep..."

[Lummox3]

That won't work.

The US administration is exporting it's inflation all over the globe, allowing for cheap imports and the consequential death of manufacturing in the US. They can do this because you have to buy oil in dollars. (Unless you are in iran.)

Now that even people as US friendly as the saudi's are looking at dumping the dollar, there is a strong possibility that the dollar will lose it's status as the world's "legal tender."

It's all nonsense ofc, but people's minds make it real, just like in the matrix.

[Plume]

..and who's brave enough to suggest keeping it all internal/in house. how many quality of life inventions could we come up with inside of that kind of pressure? channeling our resource potential. is that too wild of an idea? shut down the trade for a minute. i'm insane you'd say

[Lummox3]

The changes this will bring to the west are immense.

The US uses 50% of the world's oil. Very shortly that will be unaffordable.

<!-- m --><a class="postlink" href="http://www.youtube.com/watch?v=4n3g5lUgkWk&mode=related&search=">http://www.youtube.com/watch?v=4n3g5lUg ... ed&search=</a><!-- m -->

A very good explanation here.

[3rdear]

Lummox3 Wrote:The people at the top are the people at the top because they have no ethics/morals/standards

Sure they do, it's just that those standards aren't the same as yours or mine.

The saddest (or scariest) part is that many believe that they ARE acting for the "common good", but what does the "common good" mean? It means that what is "common" to me is "good".

[Lummox3]

<!-- m --><a class="postlink" href="http://totalforcesimulations.c">http://totalforcesimulations.c</a><!-- m --> om/envelope/

Some great tips on what to do with your money.

For example -

Quote:1. Hold Your Own Money

For every dollar you allow to sit idle in bank accounts and other financial instruments, you provide between 10 and 500 dollars of debt based securities to fund operations of those who keep you enslaved. The fractional reserve banking system takes your money and use it as collateral for loans, which in turn create more money. By removing the currency from the system, you reduce the amount of loans they can make by 10 - 500 times. This, in turn, removes the amount of revenue they can generate to pay the muscle that keeps you under control.