Dollar Living on Its Reputation and Borrowed Time

Man, the blond guy is such a tool.

Don't worry barack hussein obama mmm mmm mmm will print MORE money and make the dollar stronger... believe in barack hussein obama mmm mmm mmm he will wipe our noses and take care of us mmm mmm mmm

How can the world take you 2 seriously when you 2 are such wannabees? Blodget and task are clearly naysayers planted by the GOP...so much anti obama rhetoric. Stop showcasing these 2 clowns thanks tc

very interesting.... also interesting was an obscure video that i found on YouTube....it laid out the real reasons the US invaded Iraq. It had nothing to do w/terrorism or WMD.....according to the video, Saddam was going to change his standard of curreny on oil.....wanted to be paid in Euros instead of dollars. Ol' Bushy, his family, and oil barron buddies weren't going to stand for that....and why would you when you've got the world's strongest army at your fingertips!!

GOLD

If you were living in Western Europe or Saudi Arabia(not to mention the U.S.!)would you trust the future value of the U.S.dollar? If so, what is your reason to be optimistic given the unprecedented creation of fiat money by the Fed and the TRILLIONS of dollars of unfunded liabilities created by our gutless,self-serving,bought-and-paid for politicians??

Obama better ditch his love affair with Oprah Winfrey and the Olympics and hire an Oil Czar real soon.

Gold and silver can only go higher. How long will we get away with printing money, no one knows. But one thing is for sure, the dollars days are numbered. Trillions in debt and surely more bailouts to come with 0% interest rates!!! Glad i bought a bunch of silver and gold. Not to late to get on the gold train. Gold and silver are going much, much higher.

I agree, "How could these meetings not be taking place". They probably happen far more often on conference calls than anyone realizes. I'm not even certain it would be a net, long-term (decades ahead), bad thing for the USD, and the world still seems to want to annoint us as the consumer of last resort. Therefore, the raw materials now priced in a basket-currency must still be priced with supply-and-demand, so that products will still sell. But there would be one heck of a short term adjustment in exchange rates.

you are wrong, henry rocks! he does react to dire forecasts with perhaps a touch too much glee, but he is a good compliment to aaron.

We need to learn self control in this nation. We need to avoid spending more than we earn as a government and as consumers. We also need to avoid pornography, adultery, anger, etc. If we did so, we would be much better off.

Get some gold before it's $5,000 an ounce. Remember, real money doesn't burn or rip.

These reports have been out there for years. With the printing press's running at capacity in DC now why wouldn't our creditors be re-thinking the future? We have left them with little choice but to find something real to tie to the price of oil and everything else we buy from overseas.

You know guys the debate is only interesting if you take opposite sides of the argument. I'm not saying that you should get in a personal fist fight (although I would definitely watch that if it's aired) but at least present both sides of the story. Just because both of you interpret the facts/news a certain way doesn't mean that everybody else does.

If China and Saudi Arabia stop buying U.S. debt, you better develop a taste for tree bark and squirrel meat, because the American economy will roll over like a refugee boat. We will be sunk. That will be final nail in the coffin of the American empire and you have Ronald Reagan and the Bush family to thank for it!

You know guys the debate is only interesting if you take opposite sides of the argument. I'm not saying that you should get in a personal fist fight (although I would definitely watch that if it's aired) but at least present both sides of the story. Just because both of you interpret the facts/news a certain way doesn't mean that everybody else does.

"the blond guy is such a tool"?!? is that your intelligent contribution? i guess, when you don't know what you're talking about and you want to seem like you're "in the know", just make a vague statement and everyone will assume you have a clue. here's another clue: you don't have one

Those clowns at campidiot.com are right. Inflation is a thing of the past, Hyper-Deflation is the new reality. 10 years from now nobody will be able to afford a $5000 starter home!

Scare tactics! People will print anything to get a rise; because anymore, it doesn't take much to spook anyone. Especially when it comes to the US dollar. The dollar becomes worthless if countries will no longer be obligated to buy dollars to buy oil; all of their dollar reserves become worthless. I don't think the BRIC countries want that. This is conspiracy theory fodder. Look for something else. How about this? Look at what's under the hood in most countries with a fiat currency and you will find that most are as bad, if not worse than the US. Look at England, Spain, Italy, and Japan. All have debt approaching or over the full value of their economies (GDP). The yuan needs to be gradually revauled. The dollar needs to be backed by something that stores value to be a storer of value. Audit the Fed and abolish it.

"the blond guy is such a tool"?!? is that your intelligent contribution? i guess, when you don't know what you're talking about and you want to seem like you're "in the know", just make a vague statement and everyone will assume you have a clue. here's another clue: you don't have one