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Old 01-07-2015, 01:18 AM   #1
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Default U.S. Dollar Reaches Highest Value In 9 Years

With the housing market in full recovery, the budget deficit more than cut in half, the unemployment rate at 5.8 percent, gas prices on a continuous downfall and the stock market at record-breaking levels, it’s hard to imagine that anything else could go right for the American economy. Fortunately, it seems the economic news is all sunshine and fairies.

U.S. Dollar at 9-Year High




At 11:50 a.m. ET on Jan. 2, the dollar index was trading at 90.94. To make a long story short for those of us who don’t have a degree in economics, this is the highest level the dollar has traded at since March 2006.

The numbers also showed that the dollar was at its highest value in 4-1/2 years compared to the euro and 7-1/2 years compared to Japanese yen, but the short form of the story is that the dollar is outperforming currencies all across the world. In fact, it’s at an 11-year high in relation to its major competitors.

The dollar’s rise in power was explained by Societe Generale global strategist Kit Juckes:
“Demand for the dollar goes beyond just the weakness of the euro. The softness of the Chinese economy, the weakness of oil prices and their impact on a range of currencies, the news earlier this week of flows out of emerging market funds, all add up to a stronger dollar.”
That’s right America: the dollar is back.

Obama is Ruining the Economy?


Republicans and Fox News have long claimed that President Barack Obama would ruin the U.S. economy. Unfortunately for their deluded narrative, this hasn’t been the case. As it turns out, in addition to all of the other amazing economic news mentioned earlier, 2014 was the best year for jobs since 1999.

In reality, there’s hardly a piece of negative economic news out there, and this writer is finding it more difficult to understand how people can still tell themselves that the economy is a train wreck. For those individuals, please note that a train wreck is what occurred under the watch of George W. Bush. What is happening now could be referred to as one of the most epic comebacks in history.

Dennis Gartman, an economist and author of the book The Gartman Letter, had this to say:
“I think the bull market in the dollar has really only just begun.”
That’s an economist saying that the economy is only going to get better. Of course, we can expect detractors of the president to say Gartman simply doesn’t know what he’s talking about.

So we add him to the list. Atop Bull**** Mountain, economists don’t know the economy, the pope doesn’t know Christianity, our constitutional scholar president doesn’t know the Constitution, scientists don’t know science and women don’t know what’s best for their own bodies.

Anything else you want to add, Republicans? Maybe Elvis doesn’t know rock-n-roll? Maybe Jack Daniels doesn’t know whiskey?

Maybe Sarah Palin doesn’t know…

I honestly couldn’t think of anything that Sarah Palin knows, but you get the drift.
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Old 01-07-2015, 09:06 AM   #2
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And the debt still growing every day
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Old 01-07-2015, 09:24 AM   #3
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While this clown parrots his Fox talking points, I'm taking advantage of the exchange rates.

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Old 01-07-2015, 12:21 PM   #4
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I'm having an antique shipped over from Germany right now. Pulled the trigger this morning. Seems like the exchange rate is better than ever.
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Old 01-07-2015, 01:08 PM   #5
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Sorry, LABF but I don't buy it. The world economy has all but collapsed -- largely due to US policy and the banksters looting everything in sight.

I am not singling out Obama, the problems go back many many years. He is merely the latest in a long line of Presidents in league with Wall Street.

I recommend the new book by Nomi Prins, ALL THE PRESIDENT'S MEN. In it she documents the evolution of the US financial elite over the last 100 years - including the role of US presidents -- their alliance with the "Money Trust.

At the end of her definitive 400+ page study -- with 90+ pages of notes -- she concludes that our choice is stark: either we break them or they will break us. MHG

http://www.amazon.com/All-Presidents...american+power
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Old 01-08-2015, 02:02 AM   #6
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Not saying I buy every claim in the article, Mark - I'm just happy about the exchange rate as I'm currently doing a lot of traveling.
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Old 01-08-2015, 06:18 AM   #7
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Quote:
Originally Posted by mhgaffney View Post
I recommend the new book by Nomi Prins, ALL THE PRESIDENT'S MEN. In it she documents the evolution of the US financial elite over the last 100 years - including the role of US presidents -- their alliance with the "Money Trust.
I wonder if Ms. Prins agrees with you that "financial elite" and "Jews" are synonyms.
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Old 01-08-2015, 09:52 AM   #8
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Originally Posted by L.A. BRONCOS FAN View Post
^

While this clown parrots his Fox talking points, I'm taking advantage of the exchange rates.

lol...that's not op/ed bro. That's a fact. We still have a deficit every year and we're still uber in debt.
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Old 01-08-2015, 04:27 PM   #9
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I wonder if Ms. Prins agrees with you that "financial elite" and "Jews" are synonyms.
You are the only one I know who makes that claim. I certainly don't.
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Old 01-08-2015, 04:30 PM   #10
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^

Not saying I buy every claim in the article, Mark - I'm just happy about the exchange rate as I'm currently doing a lot of traveling.
Traveling?

Hope you are having fun.
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