US Dollar Panic: When Will the Greenback Collapse?

Big European Funds Dump Euro Assets

2012-05-25T06:54:00.001-04:00

Is the US Dollar next?Some of Europe’s biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil.The euro’s sudden fall this month caught many investors by surprise. Europe’s single currency has lost 5 per cent in the past three weeks after barely moving against the US dollar for much of the year.

European Debt Crisis: Germany Holds Gun to Greece's Head

2012-05-24T07:09:00.001-04:00

Wonder if China will do the same to the US some day . . .In a blunt warning to Athens, the Bundesbank said a Greek withdrawal from the eurozone would be disruptive but "manageable", undermining claims by Greece's radical anti-austerity leader, Alexis Tsipras, that Europe would not dare pull the plug."When the Eurosystem provided Greece with large amounts of liquidity, it trusted that

Europe Rocked by Spanish Banking Crisis

2012-05-18T06:41:00.001-04:00

But really, are US banks any healthier than the European banks? Or do they both have the same disease, just at different stages?The flames of the eurozone crisis leapt higher yesterday, as fears spread about the state of the Continent's most vulnerable banks. Shares in the Spanish lender, Bankia, plummeted 30 per cent at one stage in trading, following a report that customers had withdrawn €1bn

Worries About Jobs, Economy Outweigh Benefits of Falling Gas Prices

2012-05-16T07:37:00.001-04:00

Gas prices are down in the US, but is that enough to get things going again? Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy. Economists and tourism experts are expecting only a small uptick in summer travelers. Gas prices are lower, but still high enough to keep some Americans off the road. The job

Stock Continue 5 Percent Slide

2012-05-15T19:28:00.001-04:00

Stocks are heading down and looks like it could be a long slide downhill.Stocks are closing lower as the Dow Jones industrial average continues a two-week slide that has shaved off nearly five percent of its value. U.S. stock indexes wavered between modest gains and losses Tuesday as traders weighed encouraging economic reports against European headlines that sent overseas markets reeling.

Europeon Union on the Brink: Greece Gets Ready to Exit

2012-05-15T07:18:00.001-04:00

The Euro is falling apart. Is the US Dollar next?Financial markets are hastily making preparations for a Greek exit from the euro after a day of political and economic turmoil ended with Europe's policy elite admitting for the first time that it may prove impossible to keep the single currency intact. With attempts in Athens to form a government after last week's election looking increasingly

Video: New French Presidents Wants End to Dollar Era, Will Clash With US

2012-05-07T07:38:00.002-04:00

Don't look now, but France just turned hard to the left and could take the US Dollar down with it.

Gloom Builds for Euro Zone, United States

2012-05-07T07:35:00.001-04:00

Things seem to be getting better for the US economy, but are they, really?The euro zone economy worsened markedly last month and U.S. employers cut back on hiring, according to two reports on Friday that dampened hopes for gradual recovery on either side of the Atlantic. In Europe, the purchasing managers indexes (PMIs), which primarily cover services, suggested a recession across the continent's

Job Growth Slowing as US Economy Cools

2012-05-03T07:44:00.001-04:00

Is the lack of jobs slowing the US economy down, or is the slow US economy resulting in fewer jobs for Americans?Yes.Companies in the U.S. added fewer workers last month, according to data from a private survey, pointing to a cooling in the job market, as the Commerce Department also reported a decline in factory orders in March. Private employment increased by 119,000, the smallest gain in seven

Jeffery Sachs: US Dollar Losing Global Reserve Staus

2012-05-03T07:42:00.001-04:00

Does anyone want dollars anymore?The US dollar can no longer be the world's sole reserve currency moving forward, economist Jeffrey Sachs said on Thursday. "I don't see a way the dollar can be a stable sole reserve currency any longer. The United States is not in a position to play that role. The role of the US in the world economy is diminishing in relative terms. Problems of fiscal policy in

US Dollar Weakens, Driven by More Than Just Risk on Trade

2012-05-02T07:40:00.001-04:00

It's up, it's down. Where it will stop, no one seems to know.The US Dollar has come under some intensified pressure in recent sessions, and the across the board underperformance in the buck suggests that there could be more at play than simply risk on market drivers. While there has been clear evidence of a resumption of risk buying over the past several sessions, which can be attributed to some

Robert Shiller: Housing May Not Recover for Generations

2012-04-29T21:06:00.001-04:00

Will housing recover this year or next? How about . . . never?The Housing market is likely to remain weak and may take a generation or more to rebound, Yale economics professor Robert Shiller told Reuters Insider on Tuesday. Shiller, the co-creator of the Standard & Poor's/Case-Shiller home price index, said a weak labor market, high gas prices and a general sense of unease among consumers was

Economist: The Economy is Not Collapsing, Nor Will Stocks

2012-04-11T21:47:00.001-04:00

Really? Despite the disappointing jobs report for March, it’s very difficult to make a realistic case that the economy is falling off a cliff, or that some kind of double-dip recession is on the way. Or that a Ben Bernanke QE3 is likely. Sure, the 120,000 gain in nonfarm payrolls -- roughly half of expectations -- is causing a downgrade in growth psychology. Ditto for the 31,000 drop in

Report: US Dollar Ready to Collapse at Critical Level with FOMC Minutes Ahead

2012-04-11T07:29:00.001-04:00

Heading down, anyone?You couldn’t miss it: the US dollar was under pressure through the opening day of the week / month / quarter. Is this a sign for what is in store for the currency through the immediate future or is this still volatility without clear direction. Regardless, the benchmark is staring down serious levels of support and we are starting to see bigger waves on the fundamental

Video: LINDSEY WILLIAMS - Are You Prepared? Timeline to Americas Total Destruction & SHTF (Alex Jones InfoWars)

2012-04-04T06:38:00.000-04:00

How bad are things really going to get according to insider Lindsey Williams? Let's hear what he has to tell radio host Alex Jones on the InfoWars show.

Video: Bob Chapman - The National intel Report - 03 April 2012

2012-04-04T06:36:00.001-04:00

US Stocks Fall on Word Federal Reserve Worried About Slowdown in US Economy

2012-04-03T20:40:00.001-04:00

The Fed is worried about a slowdown in hiring and the stock market responded accordingly.U.S. stocks and Treasury prices dropped Tuesday after Federal Reserve policymakers said they were worried about a slowdown in hiring and appeared to resist buying more bonds to help the economy. The Dow Jones industrial average was down as much as 133 points after the Fed released minutes of the March meeting

Gold Edges Up on Dollar Weakness

2012-04-03T07:46:00.001-04:00

A decision by the Federal Reserve will help drive gold prices today . . . and likely your dollar lower tomorrow.Gold edged up on Tuesday in holiday-thinned trade on the back of a weaker dollar but remained in a tight range as investors awaited cues on the outlook of the US economy and potential policy moves in the world's largest economy.Investors are looking for clues on policy direction from

Video: Cash Is Worthless - Advice From Billionaire Jim Rogers

2012-03-30T19:32:00.000-04:00

Video: Timeline of the US Dollar's Road to Destruction

2012-03-27T07:41:00.000-04:00

A road trip video is used to describe the destruction of the US Dollar over the the last 100 years or so. From the YouTube description: Join me as I take you on a tour of the U.S. Dollar's road to destruction. From a loss of value to a loss of demand the U.S. dollar is closer to joining all other paper currencies in their rightful resting place. Gold and Silver are your safe haven for the

Video: LOUIS FARRAKHAN - The U.S Dollar Is Worthless. Its Time To WAKE UP!

2012-03-27T07:37:00.000-04:00

And if LOUIS FARRAKHAN is saying your currency is toast, you'd better pay attention. Or not.

US Dollar Trades Lower After Bernake's Speech About Possible QE3

2012-03-26T20:25:00.001-04:00

Thank's Uncle Ben! The more he talked, the lower your dollar goes.The dollar traded 0.1 percent from its lowest level this month against the euro after Federal Reserve Chairman Ben S. Bernanke said accommodative monetary policy is still needed, reducing demand for U.S. assets.The greenback has weakened against all but one of its 16 major counterparts this year and Bernanke’s comments added to

Analyst: Gold Gains as Weaker US Dollar Spurs Demand

2012-03-21T21:42:00.001-04:00

The weaker down is pushing up gold prices again. Suprised? Gold rose on speculation that demand will increase when jewelry shops end a five-day shutdown tomorrow in India, the world’s largest buyer, and as Federal Reserve Chairman said higher oil prices may stoke inflation. Jewelers are protesting tax increases the government announced last week that may raise retail-gold prices by 6.3 percent.

IMF Chief Lagarde: Oil Prices Could Spike 30%!

2012-03-21T06:52:00.001-04:00

You think $4 a gallon for gas is bad now. How high will it go if crude oils prices spike another 30%? IMF chief Christine Lagarde warned Tuesday that crude oil prices may spike by up to 30 percent if Iranian supplies were disrupted, causing "serious consequences" for the global economy. The standoff between Iran, the world's second-largest supplier of oil, and the West over the Islamic

Amity Shlaes: Watch Ben Bernanke's 'Little' Inflation Capsize the US

2012-03-15T22:11:00.001-04:00

Looks like the Federal Reserve could sink the US after all.A little is all right. That’s the message Federal Reserve Chairman Ben S. Bernanke has been giving out recently when asked about the evidence of inflation in the U.S. recovery. Sometimes Bernanke doesn’t even go that far. He simply says he doesn’t see inflation. The Fed chairman recently described the prospects for price increases across