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i think it is a great board, since it is soo important. unfortunately i see the value going south quickly. Feds not helping much. i think the dollar will be replaced by some kind of global dollar? i heard we will have 2 dollars, one for IN-country and the other for outside the country currency. dont' know.
These two dinar dealers are legit and this is where I buy my dinar from;
http://dinarbanker.com/
http://www.dinartrade.com/order.php
I have, The US currency is backed by Trade.
Germany had principal to pay back and when they did there currency became worthless.
The African country just printed money for no reason and plus they had nothing to support there currency. That is what happens when you print trillion dollar bills.
If I can remember germany did have alot of gold to back the currency, put they printed alot more fiat money then they had gold, this was back when every country in the world had gold to back there currency.
Times are different now, The US decided to back the dollar by trade because alot of countries were manipulating there own currency by claiming they had 5X-20X more gold then they actually had which wasn't fair for the dollar.
The US can print and print and print. Every country in the world holds our currency, the only way it will change is if China can support there own country with there own people like what the US has done.
Then if China does this then places like Austrialia will start buying the Yuan and not the dollar.
The US dollar is still the safest investment on the planet for countries to invest in, the reason why is because we can print our interest payments. There isn't a problem and this is coming from Freedman, Herman and Whittlesey that we will never pay back the principal and if a country says we have too, we can just stick our middle finger up and go to war and then all of sudden the debt or principal is erased.
There is also a balance when the FED starts to increase the rate because when they increase the rate this tightens the dollar which appreciates the dollar. The U.S treasury can then print more money to stablize the dollar from appreciating to much.
I also heard that the FED can increase the rate by 2% at any given time and won't have any affect on our economy.
The place I purchase my dinars from is the local bank, or on eBay just make sure that you are dealing with a Legit eBay vendor. Best of luck to you. As all investments there are risks that come along with purchasing everything.
just curious, has anybody studied the history of the US dollar and the Fed Reserver Notes? two different animals.
new here too. i think it is a great board, since it is soo important. unfortunately i see the value going south quickly. Feds not helping much. i think the dollar will be replaced by some kind of global dollar? i heard we will have 2 dollars, one for IN-country and the other for outside the country currency. dont' know.
i keep hearing abou the dinar. i heard it was a scam and that it was the real deal? what is your take and where is a ligit place to purchase some dinars in the us, oh yea i would like to take delivery too.
hi, new here. my 2 cent: If the fed would stop printing all the money, the dollar would be stronger. this is not hard to see, just look at history. It happened in zimbabae (spelled right?) and Germany. i'm hoping this stops.
Same's everywhere :)
WASHINGTON — After six decades in which the venerable greenback never changed its look, the U.S. currency has undergone a slew of makeovers. The most amazing is yet to come.
A new security thread has been approved for the $100 bill, The Associated Press has learned, and the change will cause double-takes.
The new look is part of an effort to thwart counterfeiters who are armed with ever-more sophisticated computers, scanners and color copiers. The C-note, which features the likeness of Benjamin Franklin, is the most frequent target of counterfeiters operating outside the United States.
The operation of the new security thread looks like something straight out of the Hogwarts School of Witchcraft and Wizardry. This magic, however, relies on innovations produced from decades of development.
It combines micro-printing with tiny lenses — 650,000 for a single $100 bill. The lenses magnify the micro-printing in a truly remarkable way.
Move the bill side to side and the image appears to move up and down. Move the bill up and down and the image appears to move from side to side.
"It is a really complex optical structure on a microscopic scale. It makes for a very compelling high security device," said Douglas Crane, a vice president at Crane & Co. The Dalton, Mass-based company has a $46 million contract to produce the new security threads.
The redesign of the $100 is about one-third of the way complete. The bill is expected to go into circulation late next year.
The dinars continue to show strength!
Central banks inject billions more in cash
European Central Bank again leads the pack with $84 billion
By Simon Kennedy & Greg Robb, MarketWatch
Last Update: 5:20 PM ET 8/10/07
LONDON (MarketWatch) -- Central banks in Europe, Asia and the U.S. injected billions of dollars into banking systems Friday, moving to further boost liquidity in markets suffering the ripple effect of the subprime-credit crisis and saying they stood willing to provide more cash.
The European Central Bank said it had provided 61 billion euros ($84 billion) to banks in a three-day tender offer, and the U.S. Federal Reserve carried out two three-day repurchase agreements totalling $35 billion, while the Bank of Canada injected C$ 1.68 billion ($1.78 billion).
In Asia, the Bank of Japan supplied 1 trillion yen ($8.48 billion) after a rise in the overnight call rate. And The Reserve Bank of Australia added A$4.95 billion ($4.17 billion).
The Fed said it will provide reserves "as necessary" to promote trading in the federal funds market at rates close to 5.25%, the base rate. See full story. Other central banks made similar pledges about being willing to lend more.
The overnight rates at which banks lend money to each other rose again Friday, with the dollar-denominated rate hitting 5.96% from 5.86% the previous day, according to data from the British Bankers' Association.
The loans by the ECB follow the roughly 95 billion euros it handed out in its biggest-ever cash injection Thursday, in the aftermath of overnight interest rates spiking. See archived story.
Unlike on Thursday, however, the ECB's latest loans didn't match all the demands made. It received 62 bids for a total of just over 110 billion euros, the central bank said. The weighted average allotment rate was 4.08%, it added.
The announcements came amid another day of sharp retreat for global stock markets, with the U.K.'s FTSE 100 index (UK:UKX) giving up as much as 3% as financial services stocks led the declines. See Europe Markets.
And in the U.S., the Dow industrials fell sharply, on the heels of Thursday's sharp slide. See Market Snapshot.
Banc of America Securities analyst Kamal Sharma said the latest ECB operation was a sign it's willing to soothe market tensions but doesn't want to flood the markets with liquidity.
"The message appears to be that liquidity is available at any time the ECB believes it is needed, but, with the overall monetary policy framework and the stated commitment to hike rates in September, liquidity will not be provided at any cost," Sharma said in a note to clients.
Analysts at Fortis Private Investment Management, however, were more critical of the mixed message coming from the ECB, noting that a further interest-rate hike remained on the agenda.
"Surely, the whole idea of raising interest rates is to curtail credit," the Fortis analysts said in a note to clients.
"Exasperation metamorphoses to pure bafflement, however, when one reads ECB utterances stressing how they are determined to carry on raising interest rates later in the year," Fortis added.
http://quotes.freerealtime.com/dl/frt/N?tmn_id={A5111923-61B2-47BD-88C7-65A376E9C848}
"The value of a dollar, just ain't what it used to be,
Hobo's used to ask me for a dollar
now all of sudden they ask me for three.
The all mighty dollar, that's what they used to say.
one dollar used to be a whole lot,
now it's hardly worth anything today."
- Devin the Dude.
thank you for jumping on this board, I think it's a good topic and I would like to understand it better...
what do you think about the injection of liquidity by the fed today?
yes I know
I bought somw veitnam dong
and some iraq dinar and both are up nicely because of the dollar falling
but thats because the US dollar has fallen...
the new zealand dollar has risen very nicely since 2000
was 1 us = 2.30
now 1 us = 1.25 or so new zealand
canadian dollar doing AWESOME against the US dollar!!!!!
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