and it gets worse.

[Mauser 98K]

Fears of dollar collapse as Saudis take fright
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 10:35am BST 21/09/2007

http://www.telegraph.co.uk/money/mai...cnsaudi119.xml


Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.
===========================================

this is exactly what happens when the curency is no longer backed up by anything, it used to be backed up by gold and silver bullion, but some1 somewhere along the line decided it a good idea to stop that method, now it worth what they tell ya it is worth at the point of a gun.


if it gets real bad itll be like germany was at the end of the war, taking an entire weelbarrel of money to buy a loaf of bread, and if it get really really bad and dollar collapses entirly, no1 will be able to buy or sell anything and many will starve, there will be looting as many try to take what belongs to others, people will be killing others for food and the government will have no choice but to step in and try to save us from ourselves, probably enacting martial law, and aresting any1 that doesnt comply and taking the means for protection saying that you will probably use your gun aganst others.

i still get this awful feeling that this has been planed for years.


but maby it wont happen, hope it wont , i like to look at the hopeful side of things, but just incase start to get things that can be used as curency, like coin, preferably silver or gold coin, and learn a trade so atleas you can trade your services for what is used as money at the time.

[Hellfighter]

lmfao
go for it lol

[Mauser 98K]

Gold & Oil Surges Dollar Falls
10-15-2007
AP

http://www.roguegovernment.com/news.php?id=4485




NEW YORK (AP) — Gold prices surged Monday as sharply rising oil prices and a falling dollar sparked concerns about inflation, prompting investors to seek the relative safety of precious metals.

The commodities markets advanced broadly. Precious and industrial metals prices rose as the energy market heated up. Agriculture futures were mixed at midday.

Gold prices surged as investors scrambled to the traditional haven against a sinking U.S. dollar and rising oil prices. The greenback approached its all-time low of $1.4282 against the euro, while crude oil prices soared above $86 a barrel for the first time. Investors will often shift funds to precious metals to allay concerns about the dollar's weakness, or to hedge against inflationary signs such as high oil prices.

December gold gained $8.40 to settle at $762.20 an ounce on the New York Mercantile Exchange. Late Monday, the 13-nation euro bought $1.42.

Nymex silver futures, which are often more volatile than gold, gave up early gains to settle down 4.8 cents at $13.855 an ounce.

Energy prices rose on a combination of supply concerns and news that Turkey may make a military strike against Kurdish rebels in northern Iraq. Light, sweet crude for November delivery jumped $2.44 to $86.13 a barrel, a record settlement price. The contract traded at a peak $86.22 a barrel in earlier trading.

Although the Organization of Petroleum Exporting Countries decided last month to boost its production in November, the group said in a report that oil production by other countries is likely falling at the same time, while world energy demand is rising. The report exacerbated a perception that oil supplies in the U.S. remain tight, a view supported by Energy Information Administration data showing shrinking stockpiles of crude.

Still, crude inventories remain above average for this time of year, according to the EIA, and not all analysts are convinced of a supply squeeze. Speculative interest in the energy market has reached a fevered pitch, however, as open interest in oil and gasoline futures has surged. Open interest refers to the number of contracts that have not expired, been exercised or fulfilled by delivery.

"End user demand looks questionable; inventories have come off, but they're not what I would call dire," said JPMorgan energy strategist Katherine Spector. "The Turkish headlines are attracting some attention, certainly."

The Turkish government said Monday it will ask parliament to approve a military operation against Kurdish rebels, which it calls a terrorist organization, in northern Iraq. There have been several skirmishes along the Turkey-Iraq border already. Although oil coming out of the region has been erratic, a total disruption would be bullish for the market, analysts said.

Gasoline futures for November rose 7.24 cents to settle at $2.1575 a gallon, while heating oil futures rose 6.08 cents to $2.3072 a gallon on the Nymex.

The dollar's weakness provided a boost for commodities generally, which are quoted in dollars and appear cheaper to foreign buyers as the currency declines.

Industrial metals largely strengthened. Copper, zinc, tin and aluminum posted gains on the London Metal Exchange, while nickel and lead prices dipped. Nymex copper for December delivery picked up 3.35 cents to settle at $3.686 a pound.

On the Chicago Board of Trade, soybean and corn prices jumped while wheat prices fell. November soybeans gained 10.25 cents to settle $9.87 a bushel, as futures edged closer to their 2004 highs above $10 a bushel. December corn added 11 cents to $3.62 a bushel.

Exports of wheat, corn and soybeans have been strong amid robust global demand for livestock feed and biofuels. The Agriculture Department on Monday reported South Korea purchased 242,000 metric tons of corn.

Wheat for December delivery tumbled 24 cents to $8.335 a bushel.


================================================== ===

hmmm, can you see the 100$ a barrel next summer?

can you see all the other countries that sell us stuff stop accepting the dollar?

can you see the next great depression on the horizon?

and what about our food reserves being non existant and all of the adds in the papper where all the farmers are going out of buisness selling their equipment, and being we are importing most of the food we eat , if the other countries stop accepting out curency we can see a food shortage real fast, or as it says in the bible, man will hunt man for food and that the money shale be as the dust in the streets, and the scarry part is, the US isnt mentioned in Revelations so ither we no longer exist or it is called something else when it is transformed from the US into the federated sectors of the NWO.


and what is next? the AMERO.

[Mauser 98K]

IMF chief warns dollar may suffer 'abrupt fall'

Oct 22 11:42 AM US/Eastern

http://www.breitbart.com/article.php...show_article=1

The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets.
"There are risks that an abrupt fall in the dollar could either be triggered by, or itself trigger, a loss of confidence in dollar assets," Rato told the IMF board of governors.

[Mauser 98K]

and.

Dollar Slides To Record Low Against Euro
10-22-2007
Financial Times

http://www.roguegovernment.com/news.php?id=4610

The dollar hit a record low against the euro on Monday after the weekend G7 summit failed to explicitly address dollar weakness.

In their post-meeting communique G7 finance ministers urged China to let its renminbi appreciate more rapidly, but did not mention dollar weakness, which provided the catalyst for traders to dump the currency.

”The communique did not make any references to the levels of the dollar, euro or yen,” said Sue Trinh at RBC Capital Markets. She added: ”This is, in effect, a green light to sell the dollar.”


like i said, if you havnt done so, start to get coin and anything else that is worth its face value.

[Mauser 98K]

hmmm, and increasingly worse.
================================================== ==
Goodbye dollar, hello inflation

Published on Friday, October 26, 2007.

http://www.blacklistednews.com/view.asp?ID=4602

Source: Finance Trends Matter

The dollar is no longer the world's reserve currency. This is the statement you heard twice in one day if you were checking out the news on Bloomberg over the past 24 hours.

First, we heard it from economist Clifford Bennett of Sonray Capital, who said the Euro was the world's new reserve currency and that this idea was now universally recognized.

Next we heard it from investor Jim Rogers, who has been bearish on the dollar and the state of the US economy/fiscal outlook for quite some time.

================================================== ===


and.

Dollar Falls as Orders for U.S. Manufactured Goods Decline

Published on Friday, October 26, 2007.

http://www.blacklistednews.com/view.asp?ID=4608

Source: AP / IHT

NEW YORK: The dollar fell against a basket of six other major currencies Thursday following a report that showed orders for manufactured goods in the United States fell unexpectedly in September.
Investors sold dollars in a climate of market nervousness ahead of a Federal Reserve meeting on interest rates next week.

The dollar hit a new 33-year low against the Canadian currency. The "loonie" rose to $1.0400, or 96.15 Canadian cents per U.S. dollar, this morning after the release of Thursday's durable goods report, according to Interbank foreign-exchange rates from Dow Jones.

[Hellfighter]

will its really old news item if you think about it the dollars been going down hill back in the late 80s and keep on going down hill this very day.

the pound and dollars use tobe the big bucks in the world now days it other country's making it big, will maybe not china with all them bad item being made can't be really trusted goods anymore. with lead paint and cheaply made item making shortcuts in making item up, beside food poison items

[Mauser 98K]

7 Countries Considering Abandoning the US Dollar

Published on Wednesday, November 07, 2007.


http://www.blacklistednews.com/view.asp?ID=4726


Source: Currency Trading - Jessica Hupp

It’s no secret that the dollar is on a downward spiral. Its value is dropping, and the Fed isn’t doing a whole lot to change that. As a result, a number of countries are considering a shift away from the dollar to preserve their assets. These are seven of the countries currently considering a move from the dollar, and how they’ll have an effect on its value and the US economy.
Saudi Arabia: The Telegraph reports that for the first time, Saudi Arabia has refused to cut interest rates along with the US Federal Reserve. This is seen as a signal that a break from the dollar currency peg is imminent. The kingdom is taking “appropriate measures” to protect itself from letting the dollar cause problems for their own economy. They’re concerned about the threat of inflation and don’t want to deal with “recessionary conditions” in the US. Hans Redeker of BNP Paribas believes this creates a “very dangerous situation for the dollar,” as Saudi Arabia alone has management of $800 billion. Experts fear that a break from the dollar in Saudi Arabia could set off a “stampede” from the dollar in the Middle East, a region that manages $3,500 billion.
South Korea: In 2005, Korea announced its intention to shift its investments to currencies of countries other than the US. Although they’re simply making plans to diversify for the future, that doesn’t mean a large dollar drop isn’t in the works. There are whispersthat the Bank of Korea is planning on selling $1 billion US bonds in the near future, after a $100 million sale this past August.
China: After already dropping the dollar peg in 2005, China has more trouble up its sleeve. Currently, China is threatening a “nuclear option” of huge dollar liquidation in response to possible trade sanctions intended to force a yuan revaluation. Although China “doesn’t want any undesirable phenomenon in the global financial order,” their large sum of US dollars does serve as a “bargaining chip.” As we’ve noted in the past, China has the power to take the wind out of the dollar.
Venezuela: Venezuela holds little loyalty to the dollar. In fact, they’ve shown overt disapproval, choosing to establish barter deals for oil. These barter deals, established under Hugo Chavez, allow Venezuela to trade oil with 12 Latin American countries and Cuba without using the dollar, shorting the US its usual subsidy. Chavez is not shy about this decision, and has publicly encouraged others to adopt similar arrangements. In 2000, Chavez recommended to OPEC that they “take advantage of high-tech electronic barter and bi-lateral exchanges of its oil with its developing country customers,” or in other words, stop using the dollar, or even the euro, for oil transactions. In September, Chavez instructed Venezuela’s state oil company Petroleos de Venezuela SA to change its dollar investments to euros and other currencies in order to mitigate risk.
Sudan: Sudan is, once again, planning to convert its dollar holdings to the euro and other currencies. Additionally, they’ve recommended to commercial banks, government departments, and private businesses to do the same. In 1997, the Central Bank of Sudan made a similar recommendation in reaction to US sactions from former President Clinton, but the implementation failed. This time around, 31 Sudanese companies have become subject to sanctions, preventing them from doing trade or financial transactions with the US. Officially, the sanctions are reported to have little effect, but there are indications that the economy is suffering due to these restrictions. A decision to move Sudan away from the dollar is intended to allow the country to work around these sanctions as well as any implemented in the future. However, a Khartoum committee recently concluded that proposals for a reduced dependence on the dollar are “not feasible.” Regardless, it is clear that Sudan’s intent is to attempt a break from the dollar in the future.
Iran: Iran is perhaps the most likely candidate for an imminent abandonment of the dollar. Recently, Iran requested that its shipments to Japan be traded for yen instead of dollars. Further, Iran has plans in the works to create an open commodity exchange called the Iran Oil Bourse. This exchange would make it possible to trade oil and gas in non-dollar currencies, the euro in particular. Athough the oil bourse has missed at least three of its announced opening dates, it serves to make clear Iran’s intentions for the dollar. As of October 2007, Iran receives non-dollar currencies for 85% of its oil exports, and has plans to move the remaining 15% to currencies like the United Arab Emirates dirham.
Russia: Iran is not alone in its desire to establish an alternative to trading oil and other commodities in dollars. In 2006, Russian President Vladmir Putin expressed interest in establishing a Russian stock exchange which would allow “oil, gas, and other goods to be paid for in Roubles.” Russia’s intentions are no secret–in the past, they’ve made it clear that they’re wary of holding too many dollar reserves. In 2004, Russian central bank First Deputy Chairmain Alexei Ulyukayev remarked, “Most of our reserves are in dollars, and that’s a cause for concern.” He went on to explain that, after considering the dollar’s rate against the euro, Russia is “discussing the possibility of changing the reserve structure.” Then in 2005, Russia put an end to its dollar peg, opting instead to move towards a euro alignment. They’ve discussed pricing oil in euros, a move that could provide a large shift away from the dollar and towards the euro, as Russia is the world’s second-largest oil exporter.
What does this all mean?

Countries are growing weary of losing money on the falling dollar. Many of them want to protect their financial interests, and a number of them want to end the US oversight that comes with using the dollar. Although it’s not clear how many of these countries will actually follow through on an abandonment of the dollar, it is clear that its status as a world currency is in trouble.

Obviously, an abandonment of the dollar is bad news for the currency. Simply put, as demand lessens, its value drops. Additionally, the revenue generated from the use of the dollar will be sorely missed if it’s lost. The dollar’s status as a cheaply-produced US export is a vital part of our economy. Losing this status could rock the financial lives of both Americans and the worldwide economy

[Mauser 98K]

if ya thinking of going to india for vacation bring another curency.

http://www.roguegovernment.com/news.php?id=5823

In a sign of how the once mighty U.S. dollar has fallen, India's tourism minister said Thursday that U.S. dollars will no longer be accepted at the country's heritage tourist sites, like the famed Taj Mahal.

For years the dollar was worth about 50 rupees and tourists visiting most sites in India were charged either $5 or 250 rupees.

But with the dollar at a nine-year low against the rupee — falling 11 percent in 2007 alone and now hovering at around 39 rupees — that deal has become a losing proposition for the tourism industry.

The country's tourism minister said, though, that the decision was only in part a reaction to the currency's plunging value.

"Before the dollar lost its value, there was a demand to have (admission tickets) just in rupees," Tourism Minister Ambika Soni told the CNN-IBN news channel.

Soni said that charging only rupees would not only be more practical, but would save money because "the dollar was weaker against the rupee."

The Taj Mahal, India's famed white marble monument to love, which had charged tourists $15 or 750 rupees, has been refusing to accept dollars since November.

The move makes visits pricier for American tourists, who now have to shell out nearly $20.

And it's likely to get worse.

"We expect a slight appreciation of the rupee to continue, although it won't be as dramatic as last year," said Agam Gupta, head of foreign exchange trading at Standard Chartered Bank in India.

The dollar has fallen against most major currencies, and it has lost ground against the rupee due to an influx of foreign capital into India, said Gupta.

Soni said she was not worried about the decision affecting tourism numbers as India provided more than just budget attractions.

"I always say it's not numbers I am looking for or working for. I am working for tourists to have a complete experience," she said.