Blog: Dollar down the tubes? [2 Attachments]

[Guest guest]

Hello list,

 

A few more examples of the strain to the US associated with the affliction of natal Sun as 2nd lord in the SAMVA USA chart by transit stationary 6th lord Jupiter.

 

American De-Industrialization Continues Unabated

Berliner Umschau, Germany - 14 October 2009

The United States of America, the world’s sole and absolute superpower, is the embodiment of all that we talk about when using the term “modern, highly developed, industrialized nation.†But this description is actually no longer accurate. The USA has been going through a process of de-industrialization for some time now and the economic crisis has dramatically accelerated that process. To be accurate, the USA should now be described as a “partially industrialized bubble nation.â€http://watchingamerica.com/News/35919/american-de-industrialization-continues-unabated/

 

Karl Marx Predicted Collapse of US Dollar in 1857

Pravda.Ru - 17.10.2009

The great October fall of the US dollar is turning into an avalanche. On Tuesday, the American currency lost nine kopeks in Russia and reached a new minimum mark this year - 29.5 rubles per dollar. Within six months (April through September) the dollar lost over 10 percent at the world foreign exchange trading, which marked the sharpest decline since 1991. Some experts believe that the American currency is close to collapse, which may lead to a new financial crisis. The tendency of the US dollar devaluation has been observed for a few years, but the current rate of decline is unprecedented. Some jokesters even rushed to re-read the letters of Karl Marx to Friedrich Engels written during the US financial panic of 1857 discussing the collapse of America. It would have been funny if it wasn’t so serious.

 

http://english.pravda.ru/world/americas/17-10-2009/109936-marx_dollar-0

 

Thor

 

 

 

Cosmologer <cosmologerSAMVA Sent: Mon, October 19, 2009 1:46:45 PMRe: Blog: Dollar down the tubes? [2 Attachments]

[Attachment(s) from Cosmologer included below]

 

 

Hello list,

More news on the dollar.

Corporate America worried about sinking dollar

Fri Oct 16, 2009 6:37pm EDT

CARY, North Carolina (Reuters) - Chief executives from the biggest U.S. corporations worry that the slumping dollar could sap U.S. credibility around the globe, spur inflation and ultimately undermine the economy. The dollar has fallen to a 14-month low; and while a weaker dollar makes U.S. products cheaper overseas, chief executives gathered for the Business Council meeting in Cary, North Carolina, expressed deep concern that the anemic dollar signals serious jitters. "The issue is currency devaluation, and the worry is that it essentially lowers our credibility in the world," said Office Depot Inc (ODP.N) CEO Steve Odland in an interview with Reuters on the sidelines of the conference.

http://www.reuters.com/

 

As an aside, the same photo appears with the newsstory and in the September article on the dollar on the SAMVA blog.

 

Thor

 

 

 

Cosmologer <cosmologerSAMVA Sent: Sat, October 17, 2009 5:06:54 PMRe: Blog: Dollar down the tubes?

 

 

Hello dear list members,

 

The well known UC Berkeley economist Barry Eichengreen suggests that while the dollar is under pressure now as an international reserve currency, there are few viable alternatives. He thus concludes that the dollar will remain first among equals for the foreseeable future.

 

The Dollar Dilemma - The World's Top Currency Faces Competition

Barry Eichengreen - Foreign Affairs - September/October 2009

 

 

 

 

 

 

 

 

 

Summary

The economic crisis is hurting the world's top currency. But the pound, the yen, the euro, the renminbi, and the IMF's accounting currency are no match for the dollar. At least for now.

http://www.foreignaffairs.com/

 

 

 

This is in line with the prediction for strain in the USA on the chief indicator of currency in the SAMVA USA chart at this time due to the transit station of 6th lord Jupiter at 23°-24° Capricorn. However, this is predicted not to result in a significant setback to these indications.

 

 

"This placement will place a grave strain on the US President, and the wealth and status of the country." (December 31, 2008)

"Moreover, the Sun is quite strong in the SAMVA USA chart and transit afflictions thus normally produce a temporary strain rather than a setback." (August 8, 2009)

 

Thor

Cosmologer <cosmologerSAMVA Sent: Thu, October 15, 2009 1:59:05 PMRe: Blog: Dollar down the tubes?

 

 

 

 

 

Hello list,

 

The influential Alan Greenspan, former Chairman of the US Federal Reserve (central bank), says he is not overly worried about the weak US dollar. He is, however, quite worried about the rise in public debt. This is also in line with earlier predictions based on the SAMVA USA chart for this time.

 

Greenspan Says He’s Not ‘Overly Concerned’ About Dollar’s Drop

Oct. 15 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he’s not “overly concerned†about the recent weakening of the U.S. dollar, saying it has returned to its value from before the financial crisis. “I’m not overly concerned about the most recent decline in the dollar,†Greenspan said today in New York at a forum hosted by the Council on Foreign Relations. At the same time, he expressed concern about the long-term costs to the U.S. from the rising national debt. The increase in federal debt is the “most worrisome aspect of the economic agenda in the United States,†he said.

http://www.bloomberg.com/apps/news?pid=20601087 & sid=ai02YskF0RqI

 

Thor

 

 

 

 

 

Cosmologer <cosmologerSAMVA Sent: Thu, October 15, 2009 9:23:45 AMRe: Blog: Dollar down the tubes?

 

 

Hello dear list members,

 

The angst over the US dollar just continues. Such expressions are typical during periods of transit strain. However, when the transit strain (transit station of debilitated Jupiter at 23° 15' Capricorn) involves strong natal positions (2nd lord Sun at 23° 44' Capricorn and 7th house of SAMVA USA chart), little is expected to come off it.

 

Dollar to Hit 50 Yen, Cease as Reserve, Sumitomo Says

Oct. 15 (Bloomberg) -- The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy. The U.S. economy will deteriorate into 2011 as the effects of excess consumption and the financial bubble linger,†said Daisuke Uno at Sumitomo Mitsui, a unit of Japan’s third- biggest bank. “The dollar’s fall won’t stop until there’s a change to the global currency system.†http://www.bloomberg.com/apps/news?pid=20601109 & sid=a_A5nqmw9Dq8

 

Thor

 

 

 

Cosmologer <cosmologerSAMVA Sent: Thu, October 15, 2009 7:50:39 AMRe: Blog: Dollar down the tubes?

 

 

 

 

 

 

 

 

Gold spikes to new record high... Dollar slumps to 14-month low...

 

Dollar slides, fuelling commodity price hikes

AFP - Oct 14 08:24 AM US/Eastern

The dollar slumped to a 14-month low against the euro on Wednesday, pushing the price of gold to a record high and crude oil futures above 75 dollars for the first time in a year. The euro struck 1.49 dollars -- its highest point since August 2008 -- on increased appetite for currencies seen as riskier than the dollar and on prospects for super-low US interest rates in the face of rising economic confidence, analysts said.

http://www.breitbart.com/article.php?id=CNG.ff41282c008d4c070bbcfcf1ad946201.311 & show_article=1

 

 

 

 

 

Cosmologer <cosmologerSAMVA Sent: Wed, October 14, 2009 10:28:39 AMRe: Blog: Dollar down the tubes?

 

 

Hello dear list members,

 

The alarm over the dollar is reaching a crescendo as Jupiter turns direct. Just remember that the indicators of currency natal 2nd lord Sun and 1st lord Moon are strong in the SAMVA USA chart, hence once the transit afflictions and weakenesses end, the dollar should regain some of its earlier standing. However, please note that while transit Saturn is well placed in Virgo for the coming two years, soon transit Jupiter will enter the 8th house and remain there during the first half of 2010, followed by afflicting aspects during the summer of that year. Meanwhile, the transit nodes will enter the 6th and 12th houses. This suggests the coming 10 months or so will not be that easy for the USA.

 

Dollar loses reserve status to yen & euro

3:16 AM, October 13, 2009

Ben Bernanke's dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title as the currency favored by central banks as their reserve currency. Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital. The dollar's share of new cash in the central banks was down to 37 percent -- compared with two-thirds a decade ago. Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the International Monetary Fund. Bernanke could go down in economic history as the man who killed the greenback on the operating table.

http://www.nypost.com/p/news/business/dollar_loses_reserve_status_to_yen_hFyfwvpBW1YYLykSJwTTEL;jsessionid=65E301CF47ED50D15170F8D6530791C5

 

 

 

Cosmologer <cosmologerSAMVA Sent: Mon, October 12, 2009 6:51:01 AMRe: Blog: Dollar down the tubes?

 

 

Hello dear list members,

 

There is a constant stream of articles raising concern about the dollar.

 

Dollar facing 'power-shift': analysts

AFP:- Oct 11 03:18 PM US/Eastern

The dollar's position as the world's leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said. A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the uncertainty surrounding the US currency's future.

http://www.breitbart.com/article.php?id=CNG.ee8e6856c300b312ea0f64a4522381ca.481 & show_article=1

 

 

Thor

 

 

 

 

 

Cosmologer <cosmologerSAMVA Sent: Thu, October 8, 2009 6:02:11 PMRe: Blog: Dollar down the tubes?

 

 

 

 

Hello list,

 

Now the international news:

 

Hated Currency

De Tijd, Belgium - 7 October 2009

If the dollar loses its position in the international raw materials market, the currency can, as has been calculated, cause a loss of value of 50 percent over a ten year period. That would signify a considerable loss of spending power for the U.S The price of gold has climbed to record heights and it has everything to do with the weakening dollar. The American currency is under pressure as a result of very low interest rates, an increasing fear of inflation and severe economic problems in the United States. All this causes investors to turn away from the dollar and flee to the safe haven of gold. What also influenced the American dollar yesterday was the message that a number of countries, including the Gulf states, France, China, Russia and Japan, have talked behind the U.S.’s back about the possibility of replacing the dollar as a currency for crude oil with a

basket of other currencies. Even though the message has been laughed away in the U.S., it has simultaneously caused some unrest because it made it clear that the position of the dollar as an international payment method and reserve currency is not unassailable. An alarm bell did go off. “They hate the dollar,†an American financial columnist wrote yesterday, blaming the others and slightly passing by the intrinsic weaknesses of the dollar. The U.S. has been able to profit for many years with its dollar as the international payment method of choice and a reserve currency for brokers and investors worldwide. Exchange rate fluctuations were a problem for other countries, but the U.S. was hardly ever bothered by them. But you have to earn the status of international reserve currency, and it is never permanently acquired.

http://watchingamerica.com/News/35376/hated-currency/

 

Thor

 

 

 

Cosmologer <cosmologerSAMVA Sent: Wed, October 7, 2009 2:24:59 PMRe: Blog: Dollar down the tubes?

 

 

Hello Sujit and list,

 

Indeed the dollars woes are being mentioned day after day in the press at this time, in line with the prediction based on the SAMVA USA chart. Here is the latest such story

 

Dollar's Slide Gives Rise to Calls for New Reserve

Washington Post | Wednesday, October 7, 2009

The U.S. dollar continued its six-month slide Tuesday amid a growing international chorus that wants the dollar replaced -- or at least supplemented -- as the world's reserve currency, a move that would end the greenback's six decades of global dominance.

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/06/AR2009100603818.html

 

Thor

 

 

 

Sujit <sujitmeledathSAMVA Sent: Wed, October 7, 2009 2:35:58 AMRe: Blog: Dollar down the tubes?



Dear Thor

 

Once again Gold has picked up due to weakening of dollar.

 

Kind regards

Sujit

 

 

 

-

Cosmologer

SAMVA

Tuesday, October 06, 2009 8:04 PM

Re: Blog: Dollar down the tubes?

 

 

Hello list members,

 

I attach four news stories which are perfectly in alignment with what has been predicted for the dollar.

 

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

Tuesday, 6 October 2009

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

 

During 2009, the Russian and Chinese governments have publicly expressed grave concerns about risks to the international financial system from the issuance of enormous debt by the US government to shore up its financial system. In particular, the role of the US dollar as an international currency has been questioned. The Russians and Chinese have also suggested the creation of a truly global currency is needed to reduce risks and share more evenly the benefits of an international currency. Problems with regard to the debt of the US

government have earlier been foreseen on the basis of the SAMVA USA chart (Perpetual Union). It has been suggested that while the situation is likely to place strains on e.g. the President of the USA, the dollar, interest rates on the debt and concerns for inflation, the situation will remain manageable.

 

To read more:

http://cosmologer. blogspot. com/

 

Thor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment(s) from Cosmologer

2 of 2 Photo(s)

 

 

 

 

Reuters sinking dollar.jpg

 

 

Dollar down the tubes.jpg