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The Rise and Rise of the US Dollar
Topic Started: 8 Dec 2015, 02:47 PM (2,794 Views)
Rufus
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A chart for all to consider.

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Edited by Rufus, 8 Dec 2015, 02:48 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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b_b
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This can't be true.

Peter Schiff told me the US dollar was going to crash way back in 2011.

https://www.youtube.com/watch?v=THWVzXW0cqo

I'm sure he is right - it just hasn't happened yet. :re:
(S – I) + (T - G) + (M - X) = 0
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Terry
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b_b
8 Dec 2015, 03:28 PM
This can't be true.

Peter Schiff told me the US dollar was going to crash way back in 2011.

https://www.youtube.com/watch?v=THWVzXW0cqo

I'm sure he is right - it just hasn't happened yet. :re:
Commodity currencies have crashed. Hardly a surprise.
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kodiak
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The USD is the leper with the most fingers left.
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Rufus
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b_b
8 Dec 2015, 03:28 PM
This can't be true.

Peter Schiff told me the US dollar was going to crash way back in 2011.

https://www.youtube.com/watch?v=THWVzXW0cqo

I'm sure he is right - it just hasn't happened yet. :re:
Well it has crashed against the one true currency - GOLD.

Oh wait - let me get back to you on that.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Rufus
8 Dec 2015, 03:57 PM
Well it has crashed against the one true currency - GOLD.

Oh wait - let me get back to you on that.
No, that was the Japanese yen and the rouble. Far off the radar for the suburbs.
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John Frum
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kodiak
8 Dec 2015, 03:56 PM
The USD is the leper with the most fingers left.

^^^^^^ this

The two things Peter Schiff and all the other dopey golbugs have missed through the entire US recovery is:

* it's not the magnitude of your debt that matters, but the debt relative to your trading peers. (i.e. your leper analogy)

* the reserve currency status of the US dollar puts an immediate premium on all dollar-denominated assets. This is the phenomenon tied to the idea of the US 'exporting inflation'. The Fed is well aware that foreigners holding USD assets have been willing to take the hit from the diluting force of QE simply because of this 'magical' property, and have exploited it ruthlessly.



"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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Terry
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John Frum
8 Dec 2015, 06:05 PM

^^^^^^ this

The two things Peter Schiff and all the other dopey golbugs have missed through the entire US recovery is:

* it's not the magnitude of your debt that matters, but the debt relative to your trading peers. (i.e. your leper analogy)

* the reserve currency status of the US dollar puts an immediate premium on all dollar-denominated assets. This is the phenomenon tied to the idea of the US 'exporting inflation'. The Fed is well aware that foreigners holding USD assets have been willing to take the hit from the diluting force of QE simply because of this 'magical' property, and have exploited it ruthlessly.


Garbage. The USD was smashed during the GFC against JPY, even though the Japanese' public debt is astronomical and they're the laughing stock of the economic world.
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John Frum
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Terry
8 Dec 2015, 06:37 PM
Garbage. The USD was smashed during the GFC against JPY, even though the Japanese' public debt is astronomical and they're the laughing stock of the economic world.

I didn't say it was impenetrable. I said there's a premium attached to it. Do you understand the difference?
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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kodiak
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Terry
8 Dec 2015, 06:37 PM
Garbage. The USD was smashed during the GFC against JPY, even though the Japanese' public debt is astronomical and they're the laughing stock of the economic world.
That was the carry trade unwinding.
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