I've heard so many different predictions about what is going to happen. All I can say really is we're in uncharted waters for sure. It's definitely getting worse and yeah the future looks pretty bleak for the dollar and our economy. I think the best thing to do is just be prepared for the worst and don't listen to the mainstream propaganda, get the facts...they may be your saving grace if it hits the fan.
The dollar wants to plunge to new lows but it finds support once it breaks into the 75s.... I think one morning I'll wake up, turn on my computer, and the USD will have crashed or at least be in the final stage of it's demise. When the dollar does crash it will be swift and devastating just like a tsunami.
Off Topic: The U.S has just had it's best military recruiting year since 1973, so says Fox News. I wonder why? There are so many ways to view what is going on. Military buildup huh? I try not to watch mainstream media, but I still give in every once in a while.
I don't like watching MSM either anymore but you've got to keep an eye on them to see what they are telling the masses! I bet the failing economy has a lot to do with increasing recruitment in the military.
yes, a controlled devaluation. lately i've been doing some reading on the august 1998 collapse of the russian economy..... some very eerie similarities. could the 2nd stimulus come from the IMF this time? thanks!
I really appreciate your information. This is a well-engineered collapse. I'm no expert, but I wonder if this is also a well-orchestrated collapse. Pending are two very expensive pieces of legislation (Healthcare and Cap and Trade) and it wouldn't surprise me if one or both of those pass before we intentionally feel the full damage to the economy.
People speak now that when the dollar strengthens the dow goes down. Of course this is a trend over the last few years at the most. BUT our mark and industry over the last 70 has trended completely different. A strong dollar existed in past along side a strong market. But now both are weak and unstable, a sure sign our nation has lost it's sound function and is over capacity.
Carry trades are inequitable in the long term right?
Well the carry trade can be unprofitable in the long term should the Fed suddenly raise interest rates, that's for sure! I doubt that will happen though.
thanks man..great commentary... i think they already knew all about this.. jobs are declining.. although military is still hiring..god forbid israel strikes iran (god?? that was sarcasm..israel already decided to take iran out)..and then watch the chaos... the demand for guns, warplanes and rockets will be quadrupled .. food and guns (america has both) military industrial complex, the undisputed winner... game over!... damn, that sounded like a conspiracy theory!!
Like you said. The Obama admin is tolerating a weaker dollar because the fed & Goldman Sach's make bank off a dying dollar with the Carry Trade. They use the central banks to intervene only to slow down the declining dollar, giving them a little more time to arbitrage.
Meanwhile, oil and gold is up aiding to the stock markets inflationary false bull run. The CNBC promotes it. The suckers invest in it and lose their shirts on the dollars way down.
Well, I'm under the impression that there will be a catalyzing event coming very soon. I agree with your Dam analogy. It reminds me of that chart of the St. Louis Fed Adjusted Monetary Base. It seems that there is a dam full of money stored up in these banks, and as soon as interest rates go up the flood will pour out and set off massive inflation. I don't have any real expenses, I'm a college student and don't really know how to prepare other than just buying more ramen than I usually do.
Jim willie says that this dollar carry trade is extremely important. That nearly free money will go into the next bubble. A good candidate would be the German Bund, he said, or more importantly, gold. It will be a self reinforcing cycle driving the dollar down and gold up. Sounds possible to me. What do you guys thin?. Go to KingWorldNews online for the Jim Willie interview.
great vid and channel i saw it on boltvilles channel! but i like your style, in my opinon dollar is dead and markets are totally controled by the elete banksters.
networkingman - your predictions at the 8 minute mark and forward resonate much with Cliff High's webbot predictions. I'm an average everyday guy with a lead analyst position at a health care firm - I'm no hold-up in my cellar with a tin hat on or anything. His work is quite interesting and forecasts big moves in the areas you're describing for the October 25th to November 7th timeframe. Maybe just keep that in your head... if it comes to pass, look up his work and dig in a bit.
I think I am glad I sold my house when I did, took my money when the gettin was good, and exited the banking system. It;s a good time to be in a holding pattern and just watching for a spell. Half is luck and half is being careful. You do a wonderful job of making things clearer to me.
Do you have any idea if there is any gold in Ft. Know and how much gold does the US have to back anything up? I am speculating none but would love an informed opinion. TY..love your stuff and I do share it with my subs.
Given some type of 'black swan' event that scares people (such as last years market crash) do you see another flight to the perceived safety of the USD? If so - how long would that strength last? As a follow up question - what types of events scare people enough to get out the traditionally riskier currencies like AUD and NZD?
Excellent questions! The only thing I can see is the Federal Reserve suddenly "tightening" monetary policy by raising interest rates dramatically. That should stop the dollar carry trade and depending on how high the rates go, it may pull people back into the dollar even from other currencies.
BTW - Tom Keene of Bloomberg radio had an interview with Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co on Oct 8th (available via podcast). @16:30 he asked what's the signal from the Fed that the low interest rate party is over? I paraphrase Chandlers response: after next Fed meeting (2.15 EST Nov 4th) if their statement (which is very much a template) contains the phrase 'interest rates will remain low for an extended period of time' - then no change in rates.
Interesting the corner that the Fed has placed itself in. If you raise rates, ok you save your currency but torch the "debt" economy we have. If you keep rates low, you continue to expand the debt in our debt society but you torch the dollar. It's really a no win situation as far as I can tell.
scary
Gilliatt83 2 years ago
I've heard so many different predictions about what is going to happen. All I can say really is we're in uncharted waters for sure. It's definitely getting worse and yeah the future looks pretty bleak for the dollar and our economy. I think the best thing to do is just be prepared for the worst and don't listen to the mainstream propaganda, get the facts...they may be your saving grace if it hits the fan.
Rysauce 2 years ago
i agree with you. i think it's a slow demolition of our economy. it will keep us natives from rioting.
35slave 2 years ago
yeah backburner sent me here. I like what i see/hear. Subbed/5*
kendjo 2 years ago
Backburner told me about you
whiskerchild 2 years ago
BackBurnerNews put me on to u grt8 posy
bookbinder66 2 years ago
5* & subed
Thanks for the info
CTOL1 2 years ago
I don't believe any of the mainstream news. All the news has a primary agenda and it is never as it seems.
MrBankRuns 2 years ago
The dollar wants to plunge to new lows but it finds support once it breaks into the 75s.... I think one morning I'll wake up, turn on my computer, and the USD will have crashed or at least be in the final stage of it's demise. When the dollar does crash it will be swift and devastating just like a tsunami.
lizadfuel 2 years ago
Looks like the pump is on this morning, noticed the nice sell off in gold but a spike in the dollar. Coincidence I'm sure!
networkingman 2 years ago
Off Topic: The U.S has just had it's best military recruiting year since 1973, so says Fox News. I wonder why? There are so many ways to view what is going on. Military buildup huh? I try not to watch mainstream media, but I still give in every once in a while.
Howouldado 2 years ago
I don't like watching MSM either anymore but you've got to keep an eye on them to see what they are telling the masses! I bet the failing economy has a lot to do with increasing recruitment in the military.
networkingman 2 years ago
yes, a controlled devaluation. lately i've been doing some reading on the august 1998 collapse of the russian economy..... some very eerie similarities. could the 2nd stimulus come from the IMF this time? thanks!
debtruth1 2 years ago
You are wrong about USA not having anything to export,,, I has got a whole pile of debt!
Obama is spot on to say that a weaker dollar will help with this export!
felixdov 2 years ago
clue:) focus on IMF - Fed feed propaganda
Global must be read @ global bank !
looz pride = amerika is banker amero already !
China has most paper today - not next week.
gr8wg 2 years ago
I really appreciate your information. This is a well-engineered collapse. I'm no expert, but I wonder if this is also a well-orchestrated collapse. Pending are two very expensive pieces of legislation (Healthcare and Cap and Trade) and it wouldn't surprise me if one or both of those pass before we intentionally feel the full damage to the economy.
matahaari 2 years ago
Thanks! Either this is a planned demolition, or our government is really that stupid. Either case is scary in and of itself.
networkingman 2 years ago
Thanks man!
5*
& fav
BackBurnerNews 2 years ago 2
Thanks for doing that!
networkingman 2 years ago
People speak now that when the dollar strengthens the dow goes down. Of course this is a trend over the last few years at the most. BUT our mark and industry over the last 70 has trended completely different. A strong dollar existed in past along side a strong market. But now both are weak and unstable, a sure sign our nation has lost it's sound function and is over capacity.
Carry trades are inequitable in the long term right?
measax 2 years ago
Well the carry trade can be unprofitable in the long term should the Fed suddenly raise interest rates, that's for sure! I doubt that will happen though.
networkingman 2 years ago
so, you agree with the mystic. Weak dollar is the government plan?
measax 2 years ago
thanks man..great commentary... i think they already knew all about this.. jobs are declining.. although military is still hiring..god forbid israel strikes iran (god?? that was sarcasm..israel already decided to take iran out)..and then watch the chaos... the demand for guns, warplanes and rockets will be quadrupled .. food and guns (america has both) military industrial complex, the undisputed winner... game over!... damn, that sounded like a conspiracy theory!!
monadbornslippy 2 years ago
Like you said. The Obama admin is tolerating a weaker dollar because the fed & Goldman Sach's make bank off a dying dollar with the Carry Trade. They use the central banks to intervene only to slow down the declining dollar, giving them a little more time to arbitrage.
Meanwhile, oil and gold is up aiding to the stock markets inflationary false bull run. The CNBC promotes it. The suckers invest in it and lose their shirts on the dollars way down.
AND we have a jobless recovery till 2012
urfastpaydaily 2 years ago
Well, I'm under the impression that there will be a catalyzing event coming very soon. I agree with your Dam analogy. It reminds me of that chart of the St. Louis Fed Adjusted Monetary Base. It seems that there is a dam full of money stored up in these banks, and as soon as interest rates go up the flood will pour out and set off massive inflation. I don't have any real expenses, I'm a college student and don't really know how to prepare other than just buying more ramen than I usually do.
drewry 2 years ago
i work for a company that exports plastic all over the world ...
1mrgasgas1 2 years ago
Jim willie says that this dollar carry trade is extremely important. That nearly free money will go into the next bubble. A good candidate would be the German Bund, he said, or more importantly, gold. It will be a self reinforcing cycle driving the dollar down and gold up. Sounds possible to me. What do you guys thin?. Go to KingWorldNews online for the Jim Willie interview.
takforalt 2 years ago
Great update on the state of the dollar. Thank you.
fal2grace 2 years ago
great vid and channel i saw it on boltvilles channel! but i like your style, in my opinon dollar is dead and markets are totally controled by the elete banksters.
1pigslayer 2 years ago
Thanks for the update info. I watch all your video's. I am a subscriber also.
hairy440 2 years ago
IMF and World Bank in one sentence means big lies.. the face of the NWO scum.
martialarm 2 years ago
I think that about sums it up!
networkingman 2 years ago
networkingman - your predictions at the 8 minute mark and forward resonate much with Cliff High's webbot predictions. I'm an average everyday guy with a lead analyst position at a health care firm - I'm no hold-up in my cellar with a tin hat on or anything. His work is quite interesting and forecasts big moves in the areas you're describing for the October 25th to November 7th timeframe. Maybe just keep that in your head... if it comes to pass, look up his work and dig in a bit.
All the best
theloganrocks 2 years ago
I feel lucky to have someone like you to "translate" or "convert" this crap into language I can understand.
Thanks again for everything you do!
thetunnelrat1 2 years ago
I think I am glad I sold my house when I did, took my money when the gettin was good, and exited the banking system. It;s a good time to be in a holding pattern and just watching for a spell. Half is luck and half is being careful. You do a wonderful job of making things clearer to me.
boltville 2 years ago
You should be VERY happy you sold your house! Renting is KING right now! Thanks for your comments too!
networkingman 2 years ago
Do you have any idea if there is any gold in Ft. Know and how much gold does the US have to back anything up? I am speculating none but would love an informed opinion. TY..love your stuff and I do share it with my subs.
boltville 2 years ago
We export financial instruments, they know the only way to reduce the debt is the devaluation of the dollar or inflation.
optiontrader11 2 years ago
I think your right on target Good Job
arizonagirl1385 2 years ago
oh oh dollars at 76.17
featherian 2 years ago
Given some type of 'black swan' event that scares people (such as last years market crash) do you see another flight to the perceived safety of the USD? If so - how long would that strength last? As a follow up question - what types of events scare people enough to get out the traditionally riskier currencies like AUD and NZD?
hnsbro 2 years ago
Excellent questions! The only thing I can see is the Federal Reserve suddenly "tightening" monetary policy by raising interest rates dramatically. That should stop the dollar carry trade and depending on how high the rates go, it may pull people back into the dollar even from other currencies.
networkingman 2 years ago
BTW - Tom Keene of Bloomberg radio had an interview with Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co on Oct 8th (available via podcast). @16:30 he asked what's the signal from the Fed that the low interest rate party is over? I paraphrase Chandlers response: after next Fed meeting (2.15 EST Nov 4th) if their statement (which is very much a template) contains the phrase 'interest rates will remain low for an extended period of time' - then no change in rates.
hnsbro 2 years ago
Interesting the corner that the Fed has placed itself in. If you raise rates, ok you save your currency but torch the "debt" economy we have. If you keep rates low, you continue to expand the debt in our debt society but you torch the dollar. It's really a no win situation as far as I can tell.
networkingman 2 years ago