Comments on: The Dollar: Down But Not Out http://blog.heritage.org/2009/10/06/the-dollar-down-but-not-out/ Thu, 09 Feb 2012 22:36:42 +0000 hourly 1 http://wordpress.org/?v=3.3 By: I Got ‘Dem Ol Dollar Bill Blues Again, Mama! « Around The Sphere http://blog.heritage.org/2009/10/06/the-dollar-down-but-not-out/#comment-59586 I Got ‘Dem Ol Dollar Bill Blues Again, Mama! « Around The Sphere Tue, 06 Oct 2009 16:47:17 +0000 http://www.foundry.org/?p=16422#comment-59586 [...] Derek Scissors at Heritage: If Arab and other oil producers are indeed looking to move away from the dollar, they have cause. The Federal Reserve has been too free and easy for years, pumping too many dollars into the world economy. Like anything else, too many dollars means each one is worth less. [...] [...] Derek Scissors at Heritage: If Arab and other oil producers are indeed looking to move away from the dollar, they have cause. The Federal Reserve has been too free and easy for years, pumping too many dollars into the world economy. Like anything else, too many dollars means each one is worth less. [...]

]]> By: Oil States Plot to Drop the Dollar http://blog.heritage.org/2009/10/06/the-dollar-down-but-not-out/#comment-59583 Oil States Plot to Drop the Dollar Tue, 06 Oct 2009 16:38:17 +0000 http://www.foundry.org/?p=16422#comment-59583 [...] The Dollar: Down But Not Out If Arab and other oil producers are indeed looking to move away from the dollar, they have cause. The Federal Reserve has been too free and easy for years, pumping too many dollars into the world economy. Like anything else, too many dollars means each one is worth less. [...] [...] The Dollar: Down But Not Out If Arab and other oil producers are indeed looking to move away from the dollar, they have cause. The Federal Reserve has been too free and easy for years, pumping too many dollars into the world economy. Like anything else, too many dollars means each one is worth less. [...]

]]> By: Papa Swamp, FL http://blog.heritage.org/2009/10/06/the-dollar-down-but-not-out/#comment-59557 Papa Swamp, FL Tue, 06 Oct 2009 11:12:41 +0000 http://www.foundry.org/?p=16422#comment-59557 I must completely disagree. The FED continues to purchase US treasuries (almost half or more) under the table. Purchasing our own debt with money that has no value (we are leveraged to the tune of $42-70 TRILLION dollars in liabilities). The dollar is dead. The rest of the world is trying to figure a way out of their holdings. China purchased over a third of the IMFs SDR bonds. It is quickly moving to be bank of reserve for the IMF. Brazil, India and China, are the new big boys on the block. With the US government continuing to spend with absolutely no regard (Congress is right now approving a huge spending increase for staffers, offices and parties), I see no restraint....the world will be forced to drop the dollar for their own health. I must completely disagree. The FED continues to purchase US treasuries (almost half or more) under the table. Purchasing our own debt with money that has no value (we are leveraged to the tune of $42-70 TRILLION dollars in liabilities). The dollar is dead. The rest of the world is trying to figure a way out of their holdings. China purchased over a third of the IMFs SDR bonds. It is quickly moving to be bank of reserve for the IMF. Brazil, India and China, are the new big boys on the block.

With the US government continuing to spend with absolutely no regard (Congress is right now approving a huge spending increase for staffers, offices and parties), I see no restraint….the world will be forced to drop the dollar for their own health.

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