DOLLAR DEATH! USDX continues its decline! Rumors of countries not taking the dollar?

Bloomberg Article:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agijRT0Oz4lo

The dollar continues it's decline along with the death of the US economy. There are rumors of entire countries not accepting the dollar. I don't think that's the case, because if that was true, you'd see the USDX be in far worse shape than it is today. It's clear however, the dollar is in collapse and at some point, I would expect countries in the future to not accept the US Dollar.

Category:

News & Politics

Tags:

• dollar collapse
• economic collapse
• US collapse
• USDX
• schiff
• celente
• dow
• stock markets
• currency
• euro

[optiontrader11]

Rumors are we are getting close to Stimulus 2 and Quantitative Easing 2 by the Fed. Not going to help the greenback.

[networkingman]

Not to mention the Fed wanting to keep the interest rate low. Treasurys are probably going to fix that (in the gen economy that is)

[SKUNKBALLScom]

2 VIDEOS TODAY!!! Awesome!!!

This will help subdue my crack-like withdrawals from the 2 day lapse of no new Peter Schiff videos!

[networkingman]

LOL! I know what you mean, I always enjoy his videos and almost feel depressed with a missing vlog from Schiff!

[notdeceived]

Also, US gov't is seizing Iranian properties in the US just as they did Iraqi assets before the Iraq war. (In 2000, Saddam Hussein converted to the euro for Iraqs oil exports in 2000.)

Google:

"U.S. Is Targeting Assets Linked to Iran"

[snowchucker1]

Well reasoned arguement....good stuff

[Irondiesel]

Stimulus 2 = giving moeny away which we do not have already. BIGGER HOLE!!!!!!!!!!!

less corperate tax for doing business in the US = more jobs= more people working living and happily paying their fare share of income tax. = lower personl tax in the near future. personal tax will off set lower corperate tax. over all We pay down our debit and stay the World power. Don't let the Government sell our country out from under Us for their personal gain. copy this e-mail, facebook it tweet it.

[Irondiesel]

Quantitative Easing = printing more money = devaluing the dollar even more. This has been the problem from the first day of Bush junior. STOP printing.....

[Irondiesel]

Wrong!!!!!!!!!!!!!! Stop listening to Sales pitches from commercials. You can see the crease in his just bought shirt so he can look important.

[Irondiesel]

The Value of the Dollar has been around $.75 for about 20 years. It doesn't matter what other countries except because their money moves in tandum with the US dollar. It just means you have to exchange your US dollar for their currency. The most important thing today is The US gov, tax on corprations. It cost more then $1 billon dollars for a given company to do business in the US.

[whobrown]

get your money out of paper!

[jmallton]

You alarmists are hilarious. The dollar is falling again and it will rise again. When the dollar falls inflation kicks in.......when the dollar rises deflation kicks in. It is that simple.

There is no collapse on the way .......you people are border nut jobs.

[SignatureMill]

Thanks networkingman!!!!!!!!!!!!! keep up the service that you give to us. We are witnessing history being made.

[REOGURU]

The video I watched covered some "merchants" in other countries that were not accepting the dollar for payment of their goods. Its my understanding that some gas stations in Canada near the border have signs saying they won't accept the dollar for payment. This could have been easily misstated as another country not accepting the dollar, which has not happened yet.

[iloveterriers]

I like networkingman more than Schiff for the fact that networkingman has better info and dialogue. Anyway, to each his own fave.