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usdx componentsthe daily blues
The dollar and its relative fiat paper exchange value
[Most Recent USD from www.kitco.com]
USDX Components; Euro 57.6%, Yen 13.6%, Pound 11.9%, Canadian dollar 9.1%, Swedish krona 4.2%, Swiss franc at 3.6%
All major currencies tether their value to one another, and particularly to the reserve currency, the FRN/dollar. There is competition, but usually within a standard range. These dynamic valuation-pegs obscure the fact that all governments are devaluing their respective currencies.
[Most Recent Exchange Rate from www.kitco.com]
 
[Most Recent Exchange Rate from www.kitco.com]
 
“The US Dollar Index (USDX) came into being in 1973, the first year of the global “floating currency” regime, a regime which became inevitable when President Nixon cut the final “tie” between the US Dollar and Gold in August 1971. Before 1971, no 'USDX' had been necessary since currency exchange ratios were ‘fixed’ and the US Dollar was redeemable - by foreign governments and central banks only - at a fixed ratio of $US 35 to one troy ounce of Gold.” The Privateer
 
"There is no international monetary system; there is an international monetary process and that process has the characteristics of an explosion. All processes have a beginning, a middle and an end. Will the explosive process continue for five more years? We know that the moment that the explosive expansion ends, the contraction of credit will be immediate and violent:
after the explosion comes the implosion of credit." Hugo Salinas Price
 
"The current system demands that we cannot contract or correct - we must INFLATE OR DIE."  Richard Russell (actually, it's inflate, then die)