Dollar Index at 78.16

[teacherone]

here it goes again.

 

[matthalifax]

pray it drops more

 

[-C-]

pray it drops more

You're wishing the doom of your own republic.

 

[low preference guy]

You're wishing the doom of your own republic.

not really, the government can finance its growth by printing money only because the dollar is the world reserve currency. if the dollar drops enough so that it's no longer considered the world reserve currency, the rate of growth of government will halt sharply.


so you would've been accurate if you said he was wishing for the greatness of his own republic, not the doom.

 

[Mahkato]

The crash will be painful, but it's going to come sooner or later so we may as well get it over with. Well, maybe it'd be best to hope that it can carry on a little bit longer so we have longer to prepare, and longer to educate people.

 

[Wolverine302]

its gonna hurt if you dont have real money

 

[Lafayette]

You're wishing the doom of your own republic.

"Every government agency at every level is merely an administrative unit of the monolithic, fiat currency-fueled, Warfare/Welfare/Homeland Security Leviathan that must collapse – and the sooner, the better – if civilization is to recover." - William Norman Grigg

 

[lucius]

It will go back up, gotta keep the crap game rolling...soon will be the goldbugs eh?

just saying...thats it...

 

[devil21]

You're wishing the doom of your own republic.

I like to consider it the reset button. What comes out of the reset is what matters and that's where liberty minded individuals need to set example and step up.

On topic: Remember that the DX is only relative to other currencies, not a measure of the strength of the dollar overall. It can be 80 and practically worthless considering the race to the bottom going on with most of the world's major currencies.

 

[acptulsa]

You're wishing the doom of your own republic.

You honestly believe this nation is dependent for its security--and its greatness--on some bankster institution? Got news for you--it grew to greatness on gold and silver, and the less silver we've had in our coins the more our greatness has declined. I'm not saying these are related incidents, I'm just saying...

"But I am telling them that the country as a whole is sound, and that all those who's heads are solid are bound to get back into the market again. I tell 'em that this country is bigger than Wall Street, and if they don't believe it I show 'em a map!"--Will Rogers 1929

 

[hugolp]

"Every government agency at every level is merely an administrative unit of the monolithic, fiat currency-fueled, Warfare/Welfare/Homeland Security Leviathan that must collapse – and the sooner, the better – if civilization is to recover." - William Norman Grigg

This is brilliant.

 

[ctiger2]

You're wishing the doom of your own republic.

Not Doom, but we do need a major RESET back to the constitution and rule of law.

 

[Kelly.]

what does the dollar index indicate?
anyone care to "dumb it down" for me?

 

[HOLLYWOOD]

what does the dollar index indicate?
anyone care to "dumb it down" for me?

[URL]http://en.wikipedia.org/wiki/U.S._Dollar_Index[/URL]

that's good enough, though valuating the Greenback against other racketeering FIAT currency counterfeiters, ain't sayin much.

It needs to be against a basket of commodities(Gold/Silver/Platium/Crude/etc) with a sentencing of Death by Guilotine if anyone/anything tries to manipulate the commodities basket. Wishful thinking... to be continued

 

[RforRevolution]

what does the dollar index indicate?
anyone care to "dumb it down" for me?

It indicates the price of gold!

No, but really it's an index comparing the dollar to a basket of currencies, all of which are fiat. It's basically a value of the dollar with a start point of 100. When the index increases the dollar is stronger (deflation) and when it declines it's weaker (higher inflation).

 

[teacherone]

to give you an idea, after lehman went down the dollar index crashed to 71. this is when we had $100+ oil and food and other commodity prices went through the roof.

it is now at 77. if it falls and passes through 74 we are in for some serious shit.

i wrote about it in this thread here--- http://67.225.158.147/showthread.php?t=172336

 

[Kelly.]

thanks for the responses guys

 

[tpreitzel]

"Every government agency at every level is merely an administrative unit of the monolithic, fiat currency-fueled, Warfare/Welfare/Homeland Security Leviathan that must collapse – and the sooner, the better – if civilization is to recover." - William Norman Grigg

Not just government ...

One would think environmentalists would stridently support the elimination of fiat currencies. At least the Green party supports elimination of the Federal Reserve so there appears to be some understanding of the role of fiat currencies in paving over paradise.

 

[teacherone]

now at 76+

if it breaks through 74 it's done

 

[youngbuck]

The crash will be painful, but it's going to come sooner or later so we may as well get it over with. Well, maybe it'd be best to hope that it can carry on a little bit longer so we have longer to prepare, and longer to educate people.

That's what I hope for.