Dollar Loses Reserve Status

[FreedomFighter8008]

This is about to get real ugly:

http://www.nypost.com/p/news/business/dollar_loses_reserve_status_to_yen_hFyfwvpBW1YYLykSJwTTEL

 

[Merk]

Bring it...

We all know/knew the fed couldn't print their way out of this and TARP just slowed the inevitable.

We are in a slow motion destruction of an empire.

PM's are about to go crazy(er). Will this cause the market crash tomorrow?

 

[forsmant]

Headline should say losing....

 

[Austrian Econ Disciple]

HAHAHA this is epic:

His beard is nothing that great...but his nose is nearly perfect....let's get him to post a photo at
The Human Proboscis Project...

Ah, too funny. Have to alleviate the doldrums of bad news after bad news sometime...

 

[FreedomFighter8008]

I think watching the gold and silver trades in after-hours will be interesting.

Has anyone else noticed that there also seems to be more and more discontent among the various Fed chairs in the news?

 

[Chester Copperpot]

Maybe we'll start seeing 20% interest rates now.

 

[MrNick]

http://www.bloomberg.com/apps/quote?ticker=DXY:IND

 

[ctiger2]

Maybe we'll start seeing 20% interest rates now.

Umm, I don't think the central bankers want that. That would be... logical.

 

[tmosley]

Umm, I don't think the central bankers want that. That would be... logical.

Not when you have ten trillion dollars in outstanding debt, much of it short term.

 

[Lafayette]

Gold, $1070.70!

 

[angelatc]

I think watching the gold and silver trades in after-hours will be interesting.

Has anyone else noticed that there also seems to be more and more discontent among the various Fed chairs in the news?

Stress can do that.

 

[DFF]

PM's are about to go crazy(er). Will this cause the market crash tomorrow?

Agreed about PM's....but I don't see anything in the near term which would cause a crash in equities...there's far too much cheap money out there propping them (the global markets) up....only another Lehman Brothers type scenario would be strong enough to bring them down again....