Is this the last hurrah for the US dollar before it finally crashes?

Greetings,

  We continue to see the volatility of the dollar. She continues to fluxuate  up and down. This means that her tricks for remaining the global currency of the world are waning. With the fiscal crisis now threatening America proper, and her massive debt obligation, that she will not be able to pay because it is getting worse by the hour, the nations are starting to awaken to this debt machine and are starting to run in retreat from investing in America.

   Could this latest news on the decline of the dollar signal its final position visa vie other currencies before the ultimate crash? I think you better ponder of that question, because we see these words coming into fruition…” The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.

 The pound has lost 50 percent of its value. America’s dollar has lost everything now as power backing for her currency, which was backed by gold for every $5 note and up. All of her currency was backed by silver, from a $1 note up.

 But today, the currency of America is not backed by any sound value – silver or gold. The note today is something that the government declares they will give you the value in return, but does not name what the value is. But they definitely are not backing their currency with silver or gold.

 This is the number – one fall, and it is very clear that the loss of the power of the American dollar means the loss of the financial power of America. “–pg.87(tfoa)

  U.S. dollar falls against most major currencies

   Source: Xinhua

   The U.S. dollar fell against most major currencies as Richard Fisher, president of Federal Reserve Bank of Dallas, warned investors against overreacting to the U.S. central bank’s tapering plans.

U.S. dollar rallied last week as Federal Reserve Chairman Ben Bernanke said the Fed may start tapering its pace of bond purchases later this year, and may end them around mid 2014, if the economy continues to improve.

During an interview Monday, Fisher said investors shouldn’t overreact to the central bank’s plans to reduce the pace of asset purchases. He agreed fully with Bernanke that the Fed should scale back on the stimulus.

On the economic front, the May Chicago Fed National Activity Index, a monthly index designed to gauge overall economic activity and related inflationary pressure, stood at minus 0.30 in May, up from minus 0.52 in April.

In late New York trading, the euro dropped to 1.3123 dollars from 1.3139 of the previous session and the British pound increased to 1.5442 dollars from 1.5427. The Australian dollar gained to 0.9274 dollars from 0.9247. The dollar bought 97.72 Japanese yen, lower than 97.78 yen of the previous session. It edged down to 0.9330 Swiss francs from 0. 9341 and moved up to 1.0495 Canadian dollars from 1.0457.

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