US dollar value now sinking more than acceptable

[darkbeaver]

Hey DB, well i'm back from another work stint, and back with more proof there is no oil shortage. At $100/barrel why pump the easy oil out. I was at the last known area of Alberta to have any kind of oil rig work or oil activity taking place and yes they are still capping wells saving for another day. In a month and a half I only say 3 rig moves. Most all oil activity has now been shut down other than Fort McMoney. While I was there major lay offs were announced with several major oil companies. I know it has nothing to do withthe post just keeping you guys updated

I hear ya AB. There seems to be no shortage of oil like you say. There sure is a shortage of food and water though, and living space. And there seems only one cure our masters have considered. Don't wait too long to run Alberta, If I were able I'd would be gone with the spring rain.

 

[Zzarchov]

You've made a prediction to me DB through PM, and as I asked in the PM, should it not come to pass I will post it (and should it come to pass I'll share some Gasoline with you as I drive around raiding settlements Road Warrior style).

 

[Toro]

So do tell, Toro and the rest of you. What is this magical event that is going to take place that will turn everthing around in the US? What will turn around the value of the ever sinking US dollar. And please do not call it the greenback, none of this would ever have happened if the dollar was converted into greenbacks....Lincon, Kennedy....you know!

And to any of you that plan on buying US dollars........good luck with that.

You seem to be mistaken. Simply because I do not believe in bizarre conspiracy theories does not make me a cheerleader. I am an empiricist. I have to be, because I allocate capital for a living. If I do poorly, I don't eat. Literally, my money is where my mouth is.

I own gold, oil, gas, and sugar in very large sizes. I am considering investing in silver, zinc and maybe orange juice. I am short REITs and stocks. It has been a very good year in the Toro portfolio.

The US dollar is approaching a bottom relative to other developed currencies. It must because the other major economies are not structurally sound enough to support a depreciating dollar much more from these levels. Thus, as the rest of the world follows America into a slowdown or a recession, they will lower interest rates, increase their money supplies and depreciate against the dollar. All major fiat currencies must devalue - developing currencies will continue to rise, however. That is ultimately bullish for real assets.

 

[darkbeaver]

You seem to be mistaken. Simply because I do not believe in bizarre conspiracy theories does not make me a cheerleader. I am an empiricist. I have to be, because I allocate capital for a living. If I do poorly, I don't eat. Literally, my money is where my mouth is.

I own gold, oil, gas, and sugar in very large sizes. I am considering investing in silver, zinc and maybe orange juice. I am short REITs and stocks. It has been a very good year in the Toro portfolio.

The US dollar is approaching a bottom relative to other developed currencies. It must because the other major economies are not structurally sound enough to support a depreciating dollar much more from these levels. Thus, as the rest of the world follows America into a slowdown or a recession, they will lower interest rates, increase their money supplies and depreciate against the dollar. All major fiat currencies must devalue - developing currencies will continue to rise, however. That is ultimately bullish for real assets.

Keep in touch, I have water two kinds "clear" or "with fish" and lots of firewood, I may need some silver and some orange juice if you can supply the booze to make it paletable.
I know you're are not a conspiracy fan but you know there are millions of people right now living in and with the results of those theories. Who knows you may be right you may be wrong, as long as you got your real assets you'll make out fine but many others won't, you'll have to watch them, constantly.:canada:

 

[Toro]

Oh, and I own coal as well.

Take that, environmentalists!

 

[normbc9]

The hastily called Presidential Press Conference held this morning sure tells me a lot. First, Bush is in a vacuum and second he doesn't care anyway. His oil monies are up to the highest they have been in years and if it collapses he and the first lady just jet off shore and join Dick Cheney and Don Rumsfeld on the Mediterrean. They'll have royalty checks for armaments, oil and commodities sales for years after. We don't show signs of a recession. We do show signs of a big slowdown according to him. Give me a break and open your eyes Mr. President!

 

[darkbeaver]

You've made a prediction to me DB through PM, and as I asked in the PM, should it not come to pass I will post it (and should it come to pass I'll share some Gasoline with you as I drive around raiding settlements Road Warrior style).

I'll steal your rig and chain you up in my gold mine, come on down I can always use a pair of shackled hands.:lol:

 

[Zzarchov]

Gold? Who needs gold. All I need is the black gold, the mighty gasoline.

Well, time to get out the ole feathers and leathers....

 

[Albertabound]

I have to be, because I allocate capital for a living. If I do poorly, I don't eat. Literally, my money is where my mouth is.

Do you know any soup kitchens in your neighborhood.


As a result of 2 trillion dollars less lending this coming year the GDP is expected to be down 1-1.5%
2 million jobs lost between 2000-2005 from multinational corps.moving work forces overseas
4th month straight decline of Dow and S&P
and now million dollar homes are now being foreclosed.....up 50%

This info is taken from a morgan stanley report, link not available yet

 

[Toro]

Do you know any soup kitchens in your neighborhood.

Yes, ones that charge $100 a bowl.

 

[darkbeaver]

Yes, ones that charge $100 a bowl.

I'm just curious Toro, what's a hundred dollar bowl of soup with a view like. Tell me a story because it's not likely to be part of my near future. I'm assuming I would have dress for the occasion, possibly a tie, possibly an expensive watch. Are those big bowles? Please I need details, I obviously can't afford to find out for myself.

 

[Zzarchov]

We all make our choices in life Darkbeaver.

 

[Kreskin]

I'm just curious Toro, what's a hundred dollar bowl of soup with a view like. Tell me a story because it's not likely to be part of my near future. I'm assuming I would have dress for the occasion, possibly a tie, possibly an expensive watch. Are those big bowles? Please I need details, I obviously can't afford to find out for myself.

They are very small bowls, served by someone with a European accent. You must place a napkin on your lap or everyone will stare at you. Make sure you eat with the proper utensil or the cook will be angry. You must wear for suit jacket until at least dessert. Martinis are on special, only $22.95. Enjoy!

 

[MikeyDB]

We all make our choices in life Darkbeaver.

What unadulterated bull****!

I didn't choose to send our troops to Afghanistan. I didn't choose to give Robert Latimer parole. I didn't choose to bomb Iraq. I didn't choose to fly planes into the World Trade Center...etc. etc. etc.

But I and everyone else will pay for the decisions that so many others make that the matter of choice beomes myth.

I suppose you might say that it's a matter of "available options" as opposed to "choice"...

You decided to put the Zionists in Palestine....You decided to drop an atomic device on Japan, You decided to cultivate fear and prejudice across the world....

Great choices!

 

[Toro]

I'm just curious Toro, what's a hundred dollar bowl of soup with a view like. Tell me a story because it's not likely to be part of my near future. I'm assuming I would have dress for the occasion, possibly a tie, possibly an expensive watch. Are those big bowles? Please I need details, I obviously can't afford to find out for myself.

I don't know. I usually just order it then tell the waiter to take it back because its not up to my standards.

 

[einmensch]

The Canadian Dollar is at par--Guess what people__-->Costco in Naples, Florida sells a 40" Sonny Bravia tv for $999.99 +6% sales tax, The sme model tv sells at Costco in Barrie Ontario for $1499.99+14% tax, A MFC240C (printer, copy, fax ,scan) Sells in Barrie for $137.00 but in Naples Florida it costs $99.00 but I bought it on sale for $79.00. Don't even talk about cars or other items-- So the Canadian LOONIE means squat when buying??? Help me out?

Crude oil--Canada produces more than it consumes but we import about 50% of our domestic usage--Canada does not need foreign oil--butwe pay $5 a gallon and the USA $3.15--

 

[darkbeaver]

The Canadian Dollar is at par--Guess what people__-->Costco in Naples, Florida sells a 40" Sonny Bravia tv for $999.99 +6% sales tax, The sme model tv sells at Costco in Barrie Ontario for $1499.99+14% tax, A MFC240C (printer, copy, fax ,scan) Sells in Barrie for $137.00 but in Naples Florida it costs $99.00 but I bought it on sale for $79.00. Don't even talk about cars or other items-- So the Canadian LOONIE means squat when buying??? Help me out?

Crude oil--Canada produces more than it consumes but we import about 50% of our domestic usage--Canada does not need foreign oil--butwe pay $5 a gallon and the USA $3.15--

I can help, our indiginous scum-bag corporatists are 15-30% worse than the American version of the same pricks.

 

[I think not]

Crude oil--Canada produces more than it consumes but we import about 50% of our domestic usage--Canada does not need foreign oil--butwe pay $5 a gallon and the USA $3.15--

There are two reasons why you pay more at the pump than in the U.S.

The first reason are taxes, your being taxed at the pump at a much higher rate than we are.

And the second reason is distribution. The U.S. has a vast netowork of pipelines spanning across the country. And I am not referring to the crude oil, natural gas and refined product trunk lines, I'm talking about the smaller sizes, which takes the refined oil virtually to almost every state, except two in the NorthEast.

Your dollar becoming par with the US dollar has little to do with anything.

EDIT: Or you can listen to DB's nonsensical rants.

 

[darkbeaver]

As hundreds of thousands of Americans over the coming months find their monthly mortgage payments dramatically reset according to their Adjustable Rate Mortgage terms, another $690 billion in home mortgage debt will become prime candidates for default. That in turn will lead to a snowball effect in terms of job losses, credit card defaults and another wave of securitization crisis in the huge market for securitized credit card debt. The remarkable thing about this crisis is that so much of the sinews of the entire American financial system were tied in to it. There has never been a crisis of this magnitude in American history.
At the end of February the Financial Times of London revealed that US banks had "quietly" borrowed $50 billion in funds from a special new Fed credit facility to ease their cash crisis. Losses at all the major banks from Citigroup to J.P.Morgan Chase to most other major US bank groups continued to mount as the economy sank deeper into a recession that clearly would turn in coming months into a genuine depression. No Presidential candidate had dared utter a serious word about their proposals to deal with what was becoming the greatest financial and economic meltdown in American history.
By the early days of 2008 it was becoming clear that Financial Securitization would be the Last Tango for the United States as the global financial superpower.
The question now was posed what new center or centers of financial power could conceivably replace New York as the global nexus. That we will examine in Part VI.
http://www.globalresearch.ca/index.php?context=va&aid=8158

 

[darkbeaver]

edited for international relations