The dollar’s recent strength has been explained by most market analysts as a result of the euro weakness rather than any fundamental support for the greenback. In fact, a closer look at the dollar’s chart – particularly the dollar index – suggests the currency may be primed for a collapse.
~~~This type of trend line curve was first identified in the 1930’s and it was mistakenly called a parabolic curve. We continue to use the name, even though it is not an accurate description. In the 1930’s this was a rare behavior. In the last decade this curve has become increasingly common as volatility has increased in modern markets.
Author of “Reparations and America’s 2nd Civil War
Reparations and America’s 2nd Civil War: Malensek, Scott: 9798864028674: Amazon.com: Books
M3 money supply is evaporating at a 1930 pace, as well.
PATVANN: hi, that is very scary, if it happen, there will be all kind of desperates events, and people will need to have the weapons to protect their own family and assets; the government will also take advantage of the situation by pushing their agenda dangerously. 🙄 bye
Something the news media are leaving out of news in America:
The British Pound continues it’s free-fall father down in value.
Pound Falls To 4-day Low Against Euro
May 18th, 2010
http://www.advfn.com/forex/news/Pound-Falls-To-4-day-Low-Against-Euro-EURGBP_42864368.html
It was predicted in 2009:
Pound ‘will fall to parity with euro’
http://www.telegraph.co.uk/finance/currency/6207852/Pound-will-fall-to-parity-with-euro.html
Solution: Nobama and back to Capitalism and real free enterprise. Conservatism.
Hmmm, … end of June, that’s not too far off.
I guess it’s time to seriously stock up on the non-perishables.
DR: hi, I wonder if CANSof food are perishable or non perishable for how long. bye 🙄
ADRIANS: hi, please don’t stop to be shock, it produce the impact to others that this is not accepted and notified by many . bye 🙄
Patvann writes: “M3 money supply is evaporating at a 1930 pace, as well.”
Looking at the graph of M3 at SGS from Shadow Stats, M3 is contracting at a 5% annual rate at the moment. But that’s after two full years of growing at an annual rate of 10-17%. If one could integrate that chart, I think one would find that the money supply is still way up there in the stratosphere.
Curiously, M2 is still growing. Since M3 equals M2 + all other CDs (large time deposits, institutional money market mutual fund balances), deposits of eurodollars* and repurchase agreements, one or more of those items must be falling.
*Eurodollars are deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve.
JOHN COOPER: hi, I was thinking that they can deposit theirs moneys in my bank any time ,i’ll be happy to accomodate. bye
@ILOVEBEESWARZONE:
Not all canned foods are non-perishable before they begin to lose color and/or taste, like canned fruit. Check the best by dates. Some of the good non-perishables include spam, vienna sausage, dry milk, and powdered drink mix.
Yes John, but that increase (which mirrors the late 1920’s trend) was the “look out below” call to the markets. It’s just that not very many people (esp Keynesian’s) see it as predictive anymore.
I do, and so do many others. So far, I’ve been right for over 4 years, so I’ll keep doing what I’m doing, along with hoping I’m wrong.
Here John:
http://republicbroadcasting.org/?p=8755
I’m certainly not one to argue with you, Patvann, but I note that the source for all these scary articles is the British press – well known for their tabloid nature.
So what, in your opinion, explains the drop in the rate of growth of M3. It seems to me that if the fed decided that they had ‘printed’ all the money they could get away with, that might account for it.
The money that WAS there, has been sucked up by the debt-loads of every entity there is (private, public, corporate) along with being devalued. Governments have also demanded that banks and such keep higher ratios than before (by a huge margin, and with little time to accumulate it.)
The bottom line is that not even OUR government can print enough to cover it all. Many seems to think inflation is coming, but there is a bunch of us that think a true, long,and deep depression is on the way.
-I trust the Brit papers over anything here, (At least the “rags” are honest about it! :-)) but the Financial Times, and other business papers are seeing it too.
I guess that’s a built-in problem with the fractional banking system – One never knows how much money is really there.
My theory is that inflation and deflation are both happening simultaneously – fighting each other as it were. I do the grocery shopping for my family and I see prices go up every time I shop – about 20% per year by my reckoning. But wages and the prices of assets are going down.
There’s definitely the possibility of that kind of inflation/deflation shear when you have money getting created in one place (the fed, via MBS purchases and other means) while it’s destroyed even faster as part of a credit unwind/collapse. Hard to say how it plays out though in terms of what gets inflated/deflated at any given point in the future.