Published on Oct 18, 2013
*Link To Cramer “Dollar Is laughing Stock.” http://click4silver.com/cramer-us-a-laughing-stock-around-the-world-theyre-saying-lets-go-into-gold-lets-get-out-this-dollar/
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CNBC’s Jim Cramer said the U.S. is “a laughing stock around the world, maybe worse than Italy in some ways when I look at benchmarks. We have obviously lost the faith of a lot of countries.”
“If there was a way to be able to take your money out of this country and put it in Germany … if I were Brazil, if I were Japan I would do it immediately,” he said Thursday on “Squawk Box.”
He went on to say that the slumping dollar index, which measures the greenback’s value against a basket of currencies, reflects the current sentiment of investors around the world. They are saying “lets go into gold, lets get out this dollar … lets not be in bonds in the United States, we’d rather be in any other currency because they basically have lost control,” he said.
“There is a notion that there’s a party dissolution, there’s no coming together. … This is a good opportunity—between now and the next wrangle—where you can find a safe haven. Whether it be gold, whether it be the euro, or whether it be, frankly, the Chinese currency,” he said.
The dollar was last down 1.1 percent to 79.64, and off of a one-month high of 80.754 that had been sent on Wednesday.
Many investors believe that the temporary deal to avoid U.S. debt default might prompt the Fed to hold back from reining in it’s massive bond buying program, and may weigh the dollar down further. Cramer noted that the liquidity of the U.S. market is a positive side, but he thinks “the Federal Reserve is in there buying every bond they can right now.”
—By CNBC’s Karma Allen. Follow him on Twitter
Published on Oct 17, 2013
http://usawatchdog.com/weekly-news-wr… – Nobody won the debt ceiling/budget crisis when you consider the fact the U.S. needed to borrow or print more money just to pay its bills. We are running a trillion dollar a year shortfall, and it cannot and will not go on. A disaster is coming in 2014. When the smoke clears with this debt ceiling budget fiasco, there will still be a failing economy that needs to be propped up. The real problem will come when everyone realizes that they will be forced to pay more for health insurance to get less. The Iranians want to take a year to resolve the dispute over its nuclear program. I do not think the West is going to give Iran a year to settle this question, and that includes Israel. Join Greg Hunter of USAWatchdog.com as he gives his analysis on these stories and more in the Weekly News Wrap-Up.
By Michael Snyder, on October 17th, 2013 On the global financial stage, China is playing chess while the U.S. is playing checkers, and the Chinese are now accelerating their long-term plan to dethrone the U.S. dollar. You see, the truth is that China does not plan to allow the U.S. financial system to dominate the…
Today one of the top economists in the world predicted that the US economy is going to experience a “complete collapse.” He also stated that this economic collapse will “create an upside explosion in gold that will shock the world.” Michael Pento, founder of Pento Portfolio Strategies, wrote the following exclusive piece for KWN. By Michael…
On the heels of Washington desperately moving to buy more time to deal with its financial crisis, today Canadian legend John Ing warned King World News that China is preparing to unleash the “worst nightmare” for the United States. Ing, who has been in the business for 43 years, also stated that the Chinese are about…
Today acclaimed money manager Stephen Leeb stunned King World News when he warned “if the Chinese were ready right now to seize power, they could probably take control of our financial system today.” Leeb also discussed the frightening implications of this for the United States as well as where the US is headed from here.…
In the aftermath of another takedown in gold and silver, today the man who predicted this downside action ahead of time told King World News “There is absolutely no question that we are now very much in the end game.” William Kaye, who is one of the savviest and most well-connected hedge fund managers in…
A serious alternative to the dollar is still a long way off, but the latest shenanigans on Capitol Hill have given the search for them renewed momentum By Jeremy Warner, Assistant Editor All great empires – from the Greek, to the Roman, the Spanish and the British – have at their heart a dominant means of exchange…
October 14, 2013 With the US Dollar Index still trading very close to the psychologically key level of 80, today top Citi analyst Tom Fitzpatrick warned King World News that the dollar is now set to plunge. Below is the timely Fitzpatrick commentary, along with the chart which illustrates the dollar is set to take…
Published on Oct 14, 2013
*Bloomberg-U.S. Dollar downgraded:http://www.bloomberg.com/news/2013-10…
*China calls for De-Americanised World:http://www.ibtimes.co.uk/articles/513…
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Submitted by Tyler Durden on 10/13/2013 14:32 -0400 We assume it is a coincidence that on the day in which we demonstrate China’s relentless appetite for gold, driven by what we and many others believe is the country’s desire to have a call option on a gold-backed reserve currency when the time comes, just posted in China’s official press…
Published on Oct 11, 2013
(1). EU Signs China Currency Agreement:http://www.neurope.eu/article/eu-sign…
(2). China Calls For New Reserve Currency:http://abcnews.go.com/Business/story?…
(3). Greg Hunter Wrap-Up: http://www.youtube.com/watch?v=csxyTX…
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