US Dollar Panic: The Coming Collapse of America's Currency & Economy

Video: The Federal Reserve is the Biggest Counterfeiter on Earth

2012-01-30T06:53:00.003-05:00

Makes an interesting point, doesn't he?

Are Stocks REALLY Cheap? Not if You Look at Earnings so Far

2012-01-25T19:44:00.001-05:00

Don't know what to do with your Dollars right now? Stocks look good, but be careful. Earnings season so far may look respectable, but a disturbing trend lurks below the surface: Companies for the most part are barely beating analyst expectations that already had been lowered substantially. Getty Images That's important as bullish fund managers try to sell their clients — most of

Video From Peter Schiff: Fantastic Mr. Frum: How he learned to stop worrying and love debt, deficits, and the dollar!

2012-01-25T07:48:00.000-05:00

Schiff is in rare form with this latest rant from January 24, 2012 as he speaks with former Bush speechwriter David Frum.

Video: Bob Chapman "The National Intel Report"

2012-01-25T07:44:00.002-05:00

What is the government and the rich elite hiding from us? Bob Chapman knows!

Shocker: India and Iran Ditch Us Dollar, Buy Oil With Gold

2012-01-24T06:37:00.001-05:00

The price of oil has always been pegged to the US Dollar. Well, it used to be.According to a new and yet unconfirmed report, India bought oil from Iran using gold. India certainly has the gold resources to fund the oil, while Iran is under pressure by the West, due the continuation of its nuclear program. There were reports that officials have been floating this idea for some time, and now, as

"Strategic Defaults" on the Rise as Home Prices Continue to Fall

2012-01-20T21:40:00.001-05:00

Thought about bailing on your mortgage now that you home is worth a lot less than you paid for it? You're not the only one, buster.Borrowers who owe more on their mortgage than their house is worth and who are paying more each month than a comparable rental benefit financially from strategic default. Few dispute that. The arguments against strategic default appeal to ethics and morality, and the

The REAL Value of the US Dollar and Gold

2012-01-20T21:35:00.001-05:00

The two are tied together and dependant on one another.If you ask most investors what is the main driver for the price of gold they are likely you tell you that it's the direction of the U.S. dollar. Therefore, the only due diligence most investors perform is a perfunctory glance at the Dollar Index (DXY). While it is true that the purchasing power of the dollar is a key metric to judge the

Ten Apps to Save Money & Help You Take Control of Your Finances

2012-01-19T06:49:00.001-05:00

Smart phones aren't cheap. But by using some of these apps, you could actually save a few dollars.Aside from playing Angry Birds or perusing Instagram, you should also be using your Smartphones to your advantage. The following apps will help you: from tackling your budget to saving you money while dining out – it’ll help you save no matter whether you have an Android, Blackberry, iPhone and, in

Expert: "Gold Is Still in a Super Bull Market"

2012-01-18T22:01:00.001-05:00

Is it too late to get into gold? Not according to some experts who are still telling anxious clients to buy, buy, buy!Gold ended last year in violent fashion, dropping 21 percent in less than three months. The sudden move, coming as equities rebounded in December, raised doubts among many investors about the sustainability of a trade that has been a winner for 10 years.Diamond Sky Images |

Snowshoer Lost on Mount Rainier Burned Dollars for Warmth

2012-01-18T07:45:00.001-05:00

Well, at least the US Dollar is good for something these days!A snowshoer who was lost in a blizzard for two days on Washington state's Mount Rainier said he stayed alive by digging out a snow tunnel and burning dollar bills for warmth. Yong Chun Kim, 66, of Tacoma, said he carried a lighter and other emergency supplies and burned personal items: extra socks, Band-Aids, toothbruash, packaging,

Gold Climbs for Third Day in a Row as US Dollar Weakens

2012-01-18T07:43:00.001-05:00

Good as gold? Usually that means bad news for the US Dollar. And lately, the news has not been good.Gold rose for a third day, climbing alongside other commodities including copper, as the dollar weakened before data forecast to show signs of economic recovery. Spot gold gained as much as 0.4 percent to $1,658.45 an ounce and traded at $1,654.48 at 1:40 p.m. in Singapore. The metal climbed to

Gold Tops $1660 an Ounce as Dollar Slides

2012-01-17T07:40:00.001-05:00

It's never good news for the US Dollar when gold is rising to new highs.Gold futures rose above $1,660 an ounce on Tuesday, moving in the opposite direction to a weakening U.S. dollar after China’s economy grew at a rapid clip in the fourth quarter, easing fears of a hard landing. Gold futures for February delivery rose $33, or 2%, to $1,663.80 an ounce in electronic trading on Globex

Saudi Arabia: We Want Oil at $100 a Barrell

2012-01-16T21:46:00.001-05:00

Great. Get ready for even higher gas prices this summer, America.Saudi Arabia is aiming to keep oil prices at about $100 a barrel, a third above its previous public target, in a sign that Riyadh needs higher oil revenues to sustain a big rise in public spending. Ali Naimi, the Saudi oil minister, on Monday for the first time said the world’s largest oil producer aimed to keep oil prices at the

QE3? Fed Weighs Further Easing Amid Doubts About Recover

2012-01-15T09:38:00.001-05:00

Just what we need: more funny money pumped into the US economy from nowhere. Inflated dollars, anyone?Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing. Fed officials are likely to discuss such a move at their Jan. 24-25 meeting, when the central bank <!-- span#ExplainsLink a, span#ExplainsLink a

Want to pursue the American Dream? Move to Canada or Europe!

2012-01-14T21:54:00.001-05:00

Is it still possible to achieve the American Dream in the USA?Long gone are the days of Cinderella stories in America. Rags-to-riches tales may have at one point been part of the American Dream for those aspiring for success in the states. New statistics show that moving up the social ladder is no longer a dream as obtainable as before. According to recent studies, the New York Times reveals this

Experts: Foreclosures Expected to Rise, Pushing Home Prices Lower

2012-01-14T21:52:00.001-05:00

Just when you thought it was safe to get back in the housing market . . . California and other states are likely to see an enormous wave of long-delayed foreclosure action in the coming year as banks deal more aggressively with 3.5 million seriously delinquent mortgages. And experts said that dealing with the foreclosure process, from issuing notices of default to selling repossessed homes, is

Is China Hoarding Gold?

2012-01-14T17:13:00.001-05:00

Is China hoarding gold? And if so, why? Do they know something we don't know?Gold traders are the most bullish in two months after mainland China imported the most metal ever from Hong Kong and investors bought U.S. bullion coins at the fastest pace in more than two years. Eighteen of 23 surveyed by Bloomberg expect the metal to gain next week, the highest proportion since Nov. 11. Mainland

Experts: US Dollar Ready to Break to 12 Month Highs if Euro Collapses

2012-01-14T17:10:00.001-05:00

Is the Dollar heading up or heading down?When you boil it down, the US dollar’s current role in the global financial market is the safe haven and liquidity provider of last resort. To drive the greenback higher, a slide in risk appetite and deterioration in normal market function would represent the ideal fundamental conditions. That being the case, we may finally see a passive appeal

S&P Cuts Credit Ratings for NINE Euro Zone Countries

2012-01-14T08:43:00.001-05:00

This may help the US dollar in the short term, but it could be trouble if the same problems plague the American economy.Standard & Poor's downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday 13th for the troubled single currency area."Today's rating actions are primarily driven by

How Close are We to Having a Run on Banks Globally?

2012-01-02T11:30:00.001-05:00

A run on the bank? How about a run on ALL the banks?A Run On The Global Banking System—How Close Are We?Nine weeks after its bankruptcy, the general public still hasn’t quite realized the implications of the MF Global scandal. .My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system. And how the central banks and financial regulators treated the “

US Dollar, Euro, Start New Year Off Weak

2012-01-02T11:25:00.001-05:00

Why should 2012 be any different than 2011 for the US Dollar?The U.S. dollar kicked off the year with mild losses during holiday-thinned volume, though the currency managed to hold gains versus the euro after data indicated manufacturing activity across the shared currency area shrank for a fifth straight month.The dollar index , which tracks the U.S. unit against six other currencies,

Man Tries to Use Fake $1 Million Bill at Walmart to Buy Vacuum Cleaner & Microwave

2012-01-01T21:37:00.001-05:00

Why not just a fake $1000 bill? Like your local Walmart store has change for a million dollars just lying around.Dumbass.A Lexington man is accused trying to use a fake $1 million bill to pay for his purchases at a Walmart. Michael Anthony Fuller, 53, of 3 Parker St., walked into the Walmart on Lowes Boulevard in Lexington on Nov. 17. He shopped for a while, picking up a vacuum cleaner, a

Euro Ends Year as Worst Performing Major Currency

2011-12-31T08:28:00.001-05:00

Will 2012 see the same happen to the US Dollar?Almost $6.3tn was erased from global stock markets this year as the eurozone financial crisis reverberated across the world in the latter half of 2011, calling into question the future of the world’s largest currency bloc.Global stock market capitalisation dropped 12.1 per cent to $45.7tn according to Bloomberg data, while the euro ended the year as

Nouriel Roubini: The Euro Zone is "In Denial" and the US is Postponing Needed Financial Reforms

2011-12-20T21:46:00.001-05:00

Are things getting better or worse in Europe? And is the US headed in the right direction? Nouriel Roubini says no.Noted economist Nouriel Roubini, credited for predicted the financial crisis, made a plea to policymakers to take tough action needed to address current economic problems, in an article published on the Financial Times website.Getty Images "The euro zone has been in denial of the

CNBC: Investors Lose Faith in Stocks, Are Pulling BIllions in Dollars Out of the Market

2011-12-20T21:42:00.001-05:00

Time to get out of the market??Investors appeared to have lost faith in stocks this year. Just over a week ago, equity mutual funds globally had the second-biggest one-day outflow of money in 2011, capping four straight weeks of net redemptions, according to data from EPFR Global.Worldwide, investors have yanked $34 billion out of equity funds this year and put $75 billion into bonds.In the U.S.