tag:blogger.com,1999:blog-23344848331559338622012-02-01T20:06:42.539-05:00Collapse of US Dollar, Currency Rates, US Dollar, Treasury Bonds, Currency, Forex, Reserve Currency, Bond Bubble, US Treasuries, Currencies, World CurrenciesGarynoreply@blogger.comBlogger1401100tag:blogger.com,1999:blog-2334484833155933862.post-42801507720164179802011-03-12T23:28:00.002-05:002011-03-12T23:28:51.808-05:00

The euro extended gains against the U.S. dollar on Friday after euro zone leaders came to an agreement on a competitiveness pact. The euro hit $1.39 EUR=, up 0.8 percent on the day, according to Reuters data. Short covering played a major role in strengthening the euro zone single currency throughout the majority of the session, according to strategists. The euro zone leaders reached a deal to

Thomashttp://www.blogger.com/profile/00891382755384660742noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-47380717937061648932011-03-04T17:34:00.000-05:002011-03-04T17:34:55.324-05:00

The U.S. dollar is likely to fall in the week ahead as investors continue to bet that interest rates in the euro zone will rise ahead of those in the world's largest economy. U.S. February jobs data came in a touch better than expected on Friday but disappointed investors who had hoped for an even stronger report. For details see Investors see strong U.S. jobs growth as necessary for the

Garynoreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-31339557281494875482011-02-24T22:37:00.002-05:002011-02-24T22:37:59.584-05:00

The dollar fell broadly Thursday as traders opted for the safety of the Swiss franc and Japan's yen amid ongoing turmoil in the Middle East and North Africa. Meanwhile, expectations for widening interest-rate differentials pushed the euro to a three-week high against the dollar. The dollar sank to a record low against the franc of CHF0.9234 as violence increased in Libya and fears increased

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-19360990504085400742011-02-24T22:34:00.002-05:002011-02-24T22:34:51.150-05:00

The yen was about 0.4 percent from the strongest level in three weeks against the dollar and the Swiss franc climbed to a record as an uprising in Libya sent oil to a 29-month high, boosting demand for safer assets. The yen and the franc headed for weekly gains against most of their major counterparts as stocks and commodities dropped worldwide. The dollar traded within 0.2 percent of a

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-36843780871665063912011-02-24T22:31:00.000-05:002011-02-24T22:31:25.594-05:00

The dollar nursed heavy losses early in Asia on Friday, hovering above a record low versus the Swiss franc as investors sought safety in other currencies on fears the unrest in Libya will spread to other oil producers. But a sharp retreat in oil prices from 2-1/2 year highs, sparked by an unsubstantiated rumour Mummar Gaddafi had been shot and Saudi Arabia's assurances it can counter Libyan

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-18605980411723445682011-02-24T18:21:00.001-05:002011-02-24T18:25:52.978-05:00

The US dollar has traditionally been a safe-haven asset, meaning whenever people are afraid, they sell ‘risky’ assets and flee to the safety of the US dollar. The same goes for US Treasuries.Indeed, at the height of the global financial crisis (right after Lehman Brother’s bankruptcy in September 2008), both the US dollar and Treasuries surged. The Chicago Board Options Exchange Market Volatility

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-4709091129985140032011-02-24T00:02:00.000-05:002011-02-24T00:02:52.627-05:00

The turmoil across North Africa and the Middle East is threatening not only to overthrow aging dictatorships, autocracies and monarchies, but also to upset the geopolitical balance between the countries of that region and the Western powers that has existed since at least the 1950s. For the West, the issue has always been the security of oil. For the US there is a second issue, and that is the

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-15658095373461666342010-08-07T11:22:00.000-04:002010-08-07T11:23:31.305-04:00

The payroll report on Friday confirmed what many of us knew, that the outrageous monetary and fiscal stimulus has failed, and that sends a signal to all of us that we should flee the U.S. dollar, says Peter Schiff.Rather then following in the footsteps of other countries, which have been removing stimulus, the U.S. is actually planning on increasing “quantitative easing,” which is just a fancy

Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-48671986657913675062010-07-03T16:06:00.000-04:002010-07-03T16:06:21.934-04:00

Terrible economic news last week had the euro end Friday up against the US dollar to its highest level in 6 weeks. The US economy lost 125,000 jobs in June, the first monthly drop in six months, and combined with other bad economic news, has investors and consumers concerned over whether or not we're in a recovery at all, or the huge amount of money thrown at the economy only masked its inherent

Garynoreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-89578165622229379972010-07-01T23:17:00.000-04:002010-07-01T23:17:45.321-04:00

A United Nations report today called for the abolishing of the U.S. dollar as the global reserve currency, and replacing it with the International Monetary Fund’s special drawing rights (SDRs). The UN doesn't want to replace with a basket of currencies either, but only on on IMF-controlled SDR’s. The report also said, “A new global reserve system could be created, one that no longer relies on

Rayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-20758610779125836722010-06-08T21:24:00.000-04:002010-06-08T21:25:04.896-04:00

The US dollar continues to move up and down with the risk flavor of the day, as today it was a move by traders to being more risk oriented, and consequently the greenback fell in value as a result against other major currencies.Currencies linked to commodities peformed against against the US dollar, while the British Pound weakened against the dollar. While the UK isn't focused on as much in

Jimhttp://www.blogger.com/profile/17964506933956926951noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-46729063132967992602010-05-27T23:56:00.000-04:002010-05-27T23:56:20.393-04:00

After China denied it was going to divest of its huge holdings in the euro, the euro had a rare day in making gains against the U.S. dollar, at least in the recent weeks. The U.S. dollar skyrocketed when news China was going to take measures to shrink its exposure to European debt. Once the reports were denied, the dollar went backwards while euro rebounded. Currencies have been fluctuating

Kylenoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-27400416186509842182010-05-09T00:15:00.001-04:002010-05-09T00:15:58.572-04:00

While gold is the top place investors are putting their money for a safe haven, the US dollar has been strengthening against other currencies as the sovereign debt crisis in Europe continues to unfold. There aren't many safe places to put money now, as the stock market crashed and equities continue to be very volatile in the midst of extraordinary economic pressures. This week the US dollar did

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-77521820922561366072010-03-10T18:03:00.000-05:002010-03-10T18:04:52.204-05:00

US Dollar MixedThe U.S. dollar today was mixed and without much movement, as relatively little news of significance emerged to effect the greenback.Other currencies were similar, other than the British pound which continues to be hammered by the numerous events and pressures it's undergoing. Neither currency is particularly appetizing at this time, neither will the be over the long term.The U.S.

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-64511941735649142932010-03-09T20:46:00.001-05:002010-03-09T20:46:53.800-05:00

Contact UsYou can contact any of the authors of Watching U.S. Dollar at raesally@comcast.net. Authors can be fowarded your email if you want to contact one individually. Ray EsallyGary ThomasTommasino ConitoAllen NineJim StevensGordy

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-20496052929662254232010-03-09T20:45:00.000-05:002010-03-09T20:46:05.846-05:00

Author Team Watching U.S. DollarRay EsallyGary ThomasTommasino ConitoAllen NineJim StevensGordy

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-33872750153797266272010-03-07T20:59:00.000-05:002010-03-07T21:01:34.144-05:00

China U.S. Dollar PegAlthough it may not happen quickly, it looks like China has decided they're gradually going to remove the dollar peg with the renminbi, saying it was a temporary measure to deal with the economic crisis.It's hard to tell if this is a consensus with the Chinese, or one faction making an assertion while the others are holding to a policy of needing a stable exchange rate

Thomashttp://www.blogger.com/profile/00891382755384660742noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-55847412976572796542009-11-14T15:43:00.000-05:002009-11-14T15:44:54.964-05:00

A number of countries around the world are acquiring larger positions in the U.S. dollar in hopes it'll help shore up the plummenting value of the greenback to the detriment of their exports.The most recent countries snatching up the dollar are Russia, South Korea, the Philippines and Thailand. The 15-month low of the U.S. dollar continues to raise concerns on slowing down any economic recovery

Garynoreply@blogger.com7tag:blogger.com,1999:blog-2334484833155933862.post-49476311345665175192009-10-14T22:07:00.001-04:002009-10-14T22:09:12.619-04:00

Banks are fleeing the U.S. dollar at an unprecedented rate as 63 percent of new cash is going into the euro and yen rather than the dollar over the last three months.A decade ago the U.S. dollar accounted for about 66 percent of investment for the new cash in banks, while today it stands at only 37 percent.Overall the greenback is only 62 percent of the currency reserve at central banks, the

Garynoreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-63827320307844273872009-10-11T15:12:00.000-04:002009-10-11T15:13:56.187-04:00

Basing his assertion upon unsustainable borrowing, Jim Rogers said that the next bubble to burst will be the U.S. government bond market. Rogers added in a recent interview that equities are sure to experience correction as well, after six months of going straight up."The next bubble that I see developing is in the United States government bond market. It is inconceivable to me that anybody would

Garynoreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-83766471475810665572009-10-08T22:13:00.001-04:002009-10-08T22:15:46.033-04:00

Central banks in Asia moved into the currency markets in order to stop the strengthening of their currencies against the U.S. dollar in order to keep their manufacturing sector from faltering as their exports slow down. From the middle of 2005, China has allowed the renminbi to appreciate against the U.S. dollar by about 20 percent, but now has re-pegged the currency with the U.S. dollar to also

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-78961306915115764912009-10-08T20:21:00.000-04:002009-10-08T20:22:09.252-04:00

While Jim Rogers has no faith in the U.S. dollar in the long term, and expects it to be replaced some time as the world's reserve currency, at the same time he's holding on to his dollars at this time because everyone understands the weakness and poor future outlook of the dollar, and have priced it into it, and so that could set things up for a rally, that while not sustainable, could make some

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-47017566356273251492009-10-08T19:43:00.002-04:002009-10-08T19:45:39.930-04:00

The Dollar Index has fallen to its lowest level since August 2008, dropping to 75.767. The Dollar Index measures the U.S. dollar against the Canadian dollar, Swedish krona, Swiss franc, yen, pound and euro.Low interest rates and U.S. dollar value have investors treating the greenback as a carry trade, and are selling of their dollars in order to get better returns on higher-yielding

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-46376609953186667952009-10-07T19:32:00.001-04:002009-10-07T19:33:41.241-04:00

The continuing weakness and collapse of the U.S. dollar is driving gold prices as much as anything else, as in terms of the U.S. dollar, gold broke an all time record again, reaching $1,500 a troy ounce, as investors ignore the plunging jewelry demand from India and other nations and look toward safety and an inflation hedge.To get a grasp of how weak the U.S dollar is, in other currencies gold

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-61046624512512060152009-10-07T16:48:00.000-04:002009-10-07T16:50:16.315-04:00

Peter Schiff made an interesting correlation between the weak U.S dollar, the Chinese and the future of Wal-Mart (NYSE:WMT). Schiff asserts that the days of Wal-Mart being able to buy up cheap products from the Chinese like they've done in the past are over, he even said Wal-Mart could become the next Saks Fifth Avenue, meaning their prices will only rise, taking away their unique competitive

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-54745402114792149852009-10-06T22:12:00.002-04:002009-10-06T23:27:22.316-04:00

As some foreign currencies respond to their own pressures and result in raising of interest rates, the decision by the Federal Reserve to hold its rates down will continue to put downward pressure on the collapsing U.S. dollar, as the Fed holds to its loose monetary policy.Other growing factors of concern for the dollar are the increasing number of countries calling for either a new reserve

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-71810311867275833132009-10-06T22:11:00.000-04:002009-10-06T22:12:22.962-04:00

U.S. Dollar Reserve CurrencySaying that the U.S. dollar as the global reserve currency has empowered America to build up their huge trade deficit, UN undersecretary-general for economic and social affairs, Sha Zukang, said "Greater use of a truly global reserve currency, such as the IMF's special drawing rights (SDRs), enables the seigniorage gained to be deployed for development purposes."Zukank

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-75744807564952384872009-10-05T23:33:00.001-04:002009-10-05T23:35:31.406-04:00

A number of nations have been getting together and discussing using a basket of currencies in place of the U.S. dollar to trade oil with one another.Along with some Arab states, also participating in talks to stop using the U.S. dollar for trading oil are France, Russia Japan Brazil and China. Evidently the deadline for all of this to transpire is 2018.While publicly a number of countries and U.S

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-60286339272542829702009-10-05T15:56:00.001-04:002009-10-05T15:57:55.320-04:00

U.S. Dollar InflationIn a recent interview, Jim Rogers said that the U.S. government is lying about inflation, and that the current rate is probably more around six to seven percent, in contrast to what is being asserted.Rogers simply points to the obvious, that when you go out shopping, the prices are definitely higher, and obviously that can't be spun by the government.The best play going

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-57605054886388989332009-10-01T23:42:00.001-04:002009-10-01T23:43:35.689-04:00

Most people that understand the cause and effect of the disastrous policies of the Obama administration and how it will continue to damage the U.S. dollar, are rightly very pessimistic about its long term future.But because people run in packs and follow the crowd, and most at this time see the U.S. dollar as a disaster, over the short term it wouldn't be a surprise to see it rally, and Jim

Garynoreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-68519978006388635082009-10-01T23:08:00.002-04:002009-10-01T23:10:53.470-04:00

The idea that U.S. Treasury Secretary Timothy Geithner said a strong U.S. dollar was important to the U.S. would be hilarious if it wasn't so pathetic and damaging. Geithner's boss Barack Obama and the Federal Reserve have done everything they can to continually debase and destroy the value of the U.S. dollar, and they still aren't stopping printing money as Geithner speaks out of one side of his

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-23250231607751570852009-10-01T14:07:00.001-04:002009-10-01T14:12:44.138-04:00

Peter Schiff has been making the rounds lately and talking about the continuing collapse of the U.S. dollar, which will make it an ideal carry trade candidate going forward, and which will make many people very wealthy as a result. Schiff has also said that he has no idea when, or even if, the U.S. dollar will strengthen any time soon. Of course that can't be counted on at all with the ongoing

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-6277103303739697912009-09-29T21:17:00.000-04:002009-09-29T21:18:53.293-04:00

World Bank president Robert Zoellick said recently that the U.S. can no longer assume its position as the economic superpower will remain unchallenged, and that the days of the U.S. dollar being the preferred global currency are coming to an end.Zoellick also stated that it would be a mistake to think that the dollar be the major reserve currency in the world as well. Other currencies expected to

Garynoreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-49367755672313713812009-09-27T00:32:00.001-04:002009-09-27T00:33:27.410-04:00

In a recent converversation about the collapse of the U.S. dollar, Peter Schiff stated that the Federal Reserve is facing a dilemna that they'll have to make a decisions about, neither one which looks like it'll end in a good way for the U.S. dollar.The first one is to continue on with close to zero interest rates where inexpensive dollars are the endless supply for carry traders, or they could

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-57971751697127360612009-09-26T20:12:00.001-04:002009-09-26T20:14:01.264-04:00

One of the more obvious play with the U.S. dollar is to invest in commodities. That can be done through futures, funds and stocks linked to raw materials.A commodity index fund is another great way to invest in commodities over the long haul, which will continue their bull run overall once the demand for infrastructure materials resume from countries and companies spending more money.No matter

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-33637094962624011192009-09-26T20:04:00.001-04:002009-09-26T20:05:26.445-04:00

Many investors concerned over the unknown risks of investing outside the U.S. instead will focus on U.S. multinational companies which have a significant percentage of their business outside the U.S.Some large institutions are looking for U.S. multinationals that do over 50 percent of their business outside the U.S. which are large and obvious companies like General Electrice (GE) and Waters Corp

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-25215066742077991092009-09-26T19:56:00.001-04:002009-09-26T20:00:36.709-04:00

We've been talking about ways to take advantage of the weakening U.S. dollar, and another one of those ways is through investing in global bonds, whereby retail investors can invest through mutual funds. One thing to keep in mind here is to watch for mutual funds whose currency is denominated in U.S. dollars, and of course have been rising against it.Over the last five years, according to

Garynoreply@blogger.com3tag:blogger.com,1999:blog-2334484833155933862.post-58698927309670981062009-09-26T19:45:00.002-04:002009-09-26T19:47:28.497-04:00

With the U.S. dollar continuing to collapse in value, one way to play that ongoing trend would be to invest in an Exchange-traded fund which provides you targeted exposure to foreign currencies.Foreign exchange trading is nothing more or less than investiing in one currency versus another. Do your homework, find solid currency performers against the U.S. dollar, and invest in an ETF that caters

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-45187661747883155782009-09-25T17:34:00.001-04:002009-09-25T17:36:00.693-04:00

The warning is getting stronger as time goes on from about any credible investor in the world, that the U.S. dollar is on its way to crashing, and those heavily invested in dollar-denominated vehicles will be crushed if they don't get out of them as soon as possible.At minimum, we should at least own something not denominated in U.S. dollars, and weight our investment portfolios in that direction

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-75151404499189965122009-09-24T20:00:00.001-04:002009-09-24T20:01:39.910-04:00

One of the greatest hedge fund managers that has ever lived - Julian Robertson, said in a recent interview on CNBC that he was just about betting everything on the inevitable inflation, which will decimate the U.S. dollar.He stated one of the key problems with the U.S. financial policy, and that is that it has led to complete dependence on China and Japan buying our debt if we are to economically

Garynoreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-14575812814872007222009-09-24T18:27:00.001-04:002009-09-24T18:29:44.072-04:00

Marc FaberMarc Faber is advising people to not keep their investments in the U.S. dollar, and not to invest in things like US bonds.As far as the assertion by Ben Bernanke that "We will keep inflation in check," Faber says to completely ignore that fantasy. Why Faber says this is the inevitable need for the U.S. government, via the Federal Reserve, to print more money, which will continue to put

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-72064177549561583952009-09-23T19:49:00.001-04:002009-09-23T19:50:46.219-04:00

The statement from the Federal Reserve that slow economic conditions "warrant exceptionally low levels of the federal funds rate for an extended period," caused great pause today for those understanding what this will mean for the U.S. dollar, as it will probably take the place of the yen as the currency used for carry trades.A carry trade is when an investor borrows using a currency with low

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-80148209445288182712009-09-23T19:25:00.000-04:002009-09-23T19:26:33.995-04:00

The collapse of the U.S. dollar will be accompanied by the further erosion of the fading G10 bloc countries and their economic power, preparing the way for an world which will eventually be completely changes in focus and power.Even so, the U.S. dollar will fall the most of the currencies like the yen, euro, Swiss fran, British sterling, among others.Some think the regional currencies of larger

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-46971440301464045032009-09-23T00:23:00.001-04:002009-09-23T00:25:49.628-04:00

Jim Rogers has never been one to shy away from stating his mind, and in his chosen field of commodities, he is right far more than he is wrong, and with the U.S. dollar, he has been warning for years that people need to divest of it and put their money in other currencies and investments.Rogers stated in at the China International Financial Services Conference (CIFSC) last week in Guangzhou that

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-73808595370637322892009-09-22T14:44:00.001-04:002009-09-22T14:45:21.613-04:00

Dollar CollapseThe U.S. dollar index plunged to its lowest level, as well as against the Euro. The U.S. dollar index tracks a basket of six currencies against the U.S. dollar.This will continue because of the misguided steps of the government and the Federal Reserve to print money and bailout the banking industry, AIG and the auto industry; money it really doesn't have, and which our children and

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-75657501638362408952009-09-21T01:56:00.002-04:002009-09-21T02:01:06.158-04:00

Even if the economic crisis hadn't hit and the U.S. government printed an outrageous amount of dollars, prices of commodities would have still went up, but add that to the eventual demand from the emerging middle classes in China and the rest of the BRIC countries, and you can see the commodity bull market will pick up where it left off, and even go further out than it would have without the

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-81921168841615260052009-09-20T18:11:00.001-04:002009-09-20T18:14:04.591-04:00

As the crisis has unfolded the folly of a debt-driven economy and personal finance lifestyle, people are returning to strategy of financial basics, and that's a really good thing.When queried about their customers, financial planners say that their clients are getting back to saving more, using less credit, building up an emergency fund, understand how much risk they can be exposed to, and

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-42088045510187708232009-09-20T17:43:00.002-04:002009-09-20T17:45:43.921-04:00

FDIC - Deposit Insurance FundJust three weeks after FDIC Chairman Sheila Bair said "Not at this point in time," when asked if she would need to tap into a Treasury credit line, she has changed her thinking and now says pretty much all options are on the table, implying a real crisis, which most of us probably know about.At this time, the FDIC estimates that the agency will need somewhere around

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-91785965095541417182009-09-20T15:53:00.001-04:002009-09-20T15:54:53.144-04:00

U.S. Dollar drops to lowest level against Euro in a yearIf your one of those that might have made investing decisions based upon the hapless Federal Reserve Chairman Ben Bernanke and his announcement that the recession is probably over, better take a step back and think things through. With the drop of the U.S. dollar to its lowest level against the euro in a year, it means that a number of

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-6123784771890491622009-09-19T16:50:00.001-04:002009-09-19T16:51:24.121-04:00

A municipal bond is a bond that is issued by a government entity smaller than the state, so could be a city or smaller local government like those designated as a village. Others issuing municipal bonds could be school districts, counties, or a number of other government agencies. The key is they are below the level of a state government in definition and use.The most powerful and attractive

Garynoreply@blogger.com3tag:blogger.com,1999:blog-2334484833155933862.post-25705751182335707282009-09-19T16:33:00.000-04:002009-09-19T16:34:55.907-04:00

With money market fund interest rates plummeting to close to zero, investors have been fleeing the poorly performing investment vehicle, and moving toward Treasurys as a better and higher yielding safer investment.Just recently an extraordinary $55.23 billion was withdrawn from money market funds and placed in other investing sectors. Some of this if from the huge amount of money being pushed

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-82036917334182395202009-09-19T16:21:00.000-04:002009-09-19T16:22:20.196-04:00

Although it is tougher to get a home equity mortgage than it was before the financial crisis, it's still not impossible, and in many cases, if you have a strong credit rating and balance sheet, isn't that much more difficult at all than it used to be, as banks don't make money if they're not lending out money; it's just that they're giving a lot more scrutiny to home equity mortgage loans than

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-55296628120451041412009-09-18T20:04:00.001-04:002009-09-18T20:05:50.869-04:00

Commercial PaperCommercial paper is a tool of debt, or otherwise known as a 'debt instrument,' whereby a solid company will issue the debt for short-term capital needs. A lot of money market mutual funds will invest in commercial paper as part of their investing strategy for safe, solid returns over the short term.When issuing the debt, a company will have to pay the money out at a specific day

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-73355288044891652462009-09-18T19:52:00.001-04:002009-09-18T19:54:22.721-04:00

Money Market FundA money market fund is a mutual fund that invests in short-term debt like Treasury bills, CDS, repurchase agreements and commercial paper, among other things.While they are normally considered among the safest places to put your money, there are exceptions, like when Lehman Brothers collapsed a year ago and the net asset value of the money market funds they held fell below $1 (

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-31304241821745899102009-09-18T19:01:00.002-04:002009-09-18T20:16:31.879-04:00

Money Market FundsIn response to the collapse of Lehman Brothers last year, and the resultant fall of the net asset value of money market funds below $1, which is called breaking-the-buck, the Treasury Department put into place a temporary Money Market Fund Guarantee Program to help stabilize the money market funds in the country. Today that guarantee program will expire as planned.The Money

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-78681076122822129262009-08-03T22:48:00.002-04:002009-08-03T22:51:38.957-04:00

Weakening DollarThe U.S. dollar plunged against the Euro, pound, and numerous other currencies today, as renewed concerns about inflation drove up the prices of commodities, with many investors adding raw materials like soybeans, copper and oil to their portfolios.Investors fled government bonds and the dollar looking for a hedge against inflation, as many are expecting the outrageous spending of

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-86912180812699381282009-07-28T17:40:00.002-04:002009-07-28T17:42:32.111-04:00

U.S. Dollar Monetary PolicyWith the outrageous policies of Barack Hussein Obama who is pretending he can spend money at will and not suffer any consequences, this has rightfully caused American trading partners, especially the Chinese, to be concerned over the eventual collapse in value of the U.S. dollar, which could devastate China because of their continual and misguided buying up of Treasury

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-55527525146648474612009-07-17T20:21:00.002-04:002009-07-17T20:24:56.321-04:00

China US Treasury investmentInvestment in U.S. treasury bills seems safe at this time, as there are no better alternatives amid the global financial market instability, experts told Xinhua Friday after China substantially increased the holding in May. That should change soon, and China investment in US Treasuries could backfire big time.China, with the world's largest foreign exchange reserves,

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com4tag:blogger.com,1999:blog-2334484833155933862.post-79091794595429840882009-07-15T16:11:00.001-04:002009-07-15T16:13:51.928-04:00

China buying U.S. debt dollars TreasurysOver the short term China will continue to buy up U.S. dollars in order to keep their export business thriving, but over the long term they're definitely taking steps to ensure they're not forced to be put into this position again.China’s foreign-exchange reserves are growing again, aiding the Obama administration to sell extraordinary amounts of debt as it

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-45073370932377990522009-06-30T21:34:00.000-04:002009-06-30T21:35:28.355-04:00

... U.S. dollar drops against Euro for quarter The dollar rose versus the euro on Tuesday amid renewed risk aversion after a report showed an unexpected drop in U.S. consumer confidence in June.The weak confidence report sent U.S. stocks lower and put a halt to an early sell-off in the greenback. Analysts also said the simultaneous end to the month, quarter and half-year led to increased

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-4934298118061606132009-06-04T16:00:00.004-04:002009-06-04T16:04:35.366-04:00

U.S. DollarThe U.S. dollar is "seriously overvalued," mostly against the Chinese renminbi and some other Asian currencies, according to a new study published on Wednesday.The Peterson Institute for International Economics, a Washington-based think tank, said the majority of the 29 currencies it studied need to appreciate against the dollar, with a large rise especially needed by the Chinese

Garynoreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-63060708044154728192009-02-12T16:35:00.002-05:002009-02-12T16:41:24.814-05:00

Jim Rogers agrees with Peter Schiff that buying or investing in long term or 30 year government Treasury bonds will be a disaster, and investors should watch them in order to short them when the government stops interceding and artificially propping them up by buying them.Investement expert Jim Rogers gave a scathing rebuke to clueless Obama Treasury Secretary Tim Geithner and his ideas in

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com50tag:blogger.com,1999:blog-2334484833155933862.post-22710901109038489442009-02-07T20:48:00.000-05:002009-02-07T20:50:58.304-05:00

This year promises to be a very interesting year for the FOREX in connection with the U.S. dollar, as everyone is expecting the collapse of the dollar, but the obvious question is when that process begins, and which currency will exploit that weakness, to the benefit of those participating in foreign currency trading. Now that online currency trading has made it so much easier to trade the U.S.

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-66886871917742329412009-02-06T14:10:00.003-05:002009-02-06T14:23:31.207-05:00

The U.S. dollar fluctuated against other major currencies Friday, dropping against the euro and British pouond after data showed that U.S. non-farm payrolls fell in January by the largest amount in 34 years, while the market turned its attention to President Barack Obama's misguided fiscal stimulus package and bank-rescue plan. The dollar index, which measures the U.S. unit against a

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-57772876088657307462009-02-05T22:41:00.001-05:002009-02-05T22:43:00.618-05:00

Although the U.S. dollar was the strongest against the Japanese yen in a month earlier on Thursday, later in the day it dropped slightly as investors wait for key jobs data which should confirm the U.S. labor market is under extreme stress.FOREX trade had the dollar declining against the yen later on Thursday, in anticipation of the expected weak jobs report. It fell from its high to drop by 0.2

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-50656489497887242162009-02-03T15:31:00.001-05:002009-02-03T15:33:53.152-05:00

The idea that refuses to die is that the strength of the U.S. dollar over the last several months has been because investors are seeking it as a haven. I think that couldn't be a more wrong assessment of the reality happening.What has happened is the shortage of access to cash put hedge funds and companies into positions of forced liquidation, which made them sell off their gold and other

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-91380231016258105612009-01-25T15:54:00.003-05:002009-01-25T16:00:49.124-05:00

The forces that have allowed the US dollar to remain strong seem to be coming to an end, and it could be any time that it collapses under the weight of its inherent weakness.A number of dollar experts, including Peter Schiff and Jim Rogers, agree with the sentiment that the US currency has nowhere to go but down.Forced liquidation and deleveraging have kept the currency artificially high, but now

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-75948795755427337132009-01-20T18:36:00.002-05:002009-01-20T18:41:01.693-05:00

The idea of the U.S. dollar collapsing in the way it's being thought of today, would have been unheard of in times past. Sure, we've had times of steep inflation where it was dollar was devalued, but nothing like the perfect storm approaching us now.We have everything from the many variables connected to the economy, foreign governments eyeing the dollar suspiciously for the first time, low

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com42tag:blogger.com,1999:blog-2334484833155933862.post-35111101317006450552009-01-16T20:38:00.000-05:002009-01-16T20:42:47.024-05:00

We've been talking a lot lately of the crisis with the U.S. dollar and how it's probably already starting to happen, even though there's been some temporary strength in the greenback.A government report confirms it was the experience in November, as demand for long-term Treasury bonds from investors outside the U.S. fell, along with corporate and agency debt.While many "experts" are saying it's

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-71295205571820266322009-01-15T16:17:00.000-05:002009-01-15T16:19:29.615-05:00

The idea is being floated around that the U.S. Treasury bond is being considered the safest place to park your money during the economic turmoil, but I think that isn't the case at all. I'll get to that in a minute.How the theory goes is people must sell assets in order to purchase the U.S. Treasury bond, and in so doing, pushing the value of the U.S. dollar up. My own thinking in relationship to

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-64973657225902614802009-01-14T19:15:00.000-05:002009-01-14T19:18:10.656-05:00

The U.S. dollar was up against the majority of major currencies today, as options for places of safety for investors narrow. At this time the market is ignoring the weak underlying fundamentals of the U.S. dollar, and are focused on other things like the emerging euro-zone sovereign credit issues, along with the interest rate cuts of other nations' currencies, which influence those looking for

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-38905704270641779202009-01-11T18:41:00.000-05:002009-01-11T18:51:36.923-05:00

In a bid to protect their export business, China is implementing an experimental program concerning their currency to see if it will work better than the failing U.S. dollar. If it's successful, the program, along with other pressures on the dollar, could spell the end of the greenback as we know it.Shanghai Daily reports how the program will be implemented:"China will allow the yuan to be used

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com3tag:blogger.com,1999:blog-2334484833155933862.post-33232830237720105202009-01-10T01:15:00.004-05:002009-02-10T18:41:27.683-05:00

Peter Schiff puts forth an excellent argument on not only why the U.S. Treasury bond market is in a bubble, but why that U.S Treasury bond bubble is about to burst. When will the bond bubble burst? We of course can't tell, but the conditions are set for it to happen in the not too distant future.The underlying cause is the current buyers of US Treasury bonds are primarily speculators. What has

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com91tag:blogger.com,1999:blog-2334484833155933862.post-35212855540761346982009-01-08T19:41:00.000-05:002009-01-09T20:29:27.454-05:00

In talking about the current global economic crisis, Peter Schiff says if you think things are bad now, wait until the misguided policies of Barack Obama are implemented, which will cause the U.S. dollar to crash.Schiff says Obama hasn't a clue as to the cause of the problem, and so will continue on and exasperate it, by putting into effect the huge domestic spending program which focuses on

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com4tag:blogger.com,1999:blog-2334484833155933862.post-2515035640813551362009-01-07T20:04:00.000-05:002009-01-09T20:32:42.320-05:00

Ron Paul talking about the challenges we'll face when confidence in the U.S. dollar becomes a larger issue. The crisis at that time will be "huge" says Paul

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-35364593311617463802009-01-05T20:23:00.000-05:002009-01-05T20:25:37.117-05:00

The majority of major hedge fund managers are increasingly bearish on the U.S. dollar, and aren't too optimistic about U.S. Treasury bonds or equities either, according to a Greenwich Alternative Investments survey.Of the hedge fund managers queried, 62 percent said they were bearish concerning how the U.S. dollar would perform in January. That's the highest percentage of bearish responses to the

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-42190054855441529772008-12-31T15:34:00.000-05:002008-12-31T15:39:29.387-05:00

Concerns about the US economy look set to ensure the dollar remains relatively weak, paving the way for further investment in gold.In an interview with Bloomberg, Shaun Osborne, chief currency strategist at TD Securities in Toronto, said that the chances of the dollar gaining strength were slim given the current position of the US Federal Reserve.This could prompt more people to buy gold as a

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-81691859587558285612008-12-18T20:25:00.000-05:002008-12-18T20:26:38.249-05:00

Thomashttp://www.blogger.com/profile/00891382755384660742noreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-35943032951380178612008-12-18T20:22:00.001-05:002008-12-18T20:22:56.116-05:00

Thomashttp://www.blogger.com/profile/00891382755384660742noreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-27500754881156861562008-12-17T22:19:00.000-05:002008-12-17T22:20:41.298-05:00

Earlier this month I asked the question of when the artificial strength of the U.S. dollar was coming to an end. We may be seeing the initial move toward that happening, as it seems deleveraging, which propped the dollar up, may be winding down.The only question for the dollar, has been how long the deleveraging would take to unwind, as the complexity of the funds involved made it impossible to

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com2tag:blogger.com,1999:blog-2334484833155933862.post-63814514516191771602008-12-12T13:10:00.000-05:002008-12-12T13:15:13.502-05:00

Commenting on the health of U.S. banks, billionaire investor Jim Rogers said that most large banks in the U.S. are "totally bankrupt," and the attempt to fix them by the government is completely misguided.Rogers said that the implementation of the $700 billion bailout does nothing to really fix the problem, it only rewards the poorly managed firms and keeps them in business while they should be

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-51854169888259191002008-12-11T17:31:00.000-05:002008-12-11T17:33:41.541-05:00

Ron Paul gives a lesson in the root causes of financial bubbles and what we need to take care of it so we can have a sound U.S. dollar.

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-87392979631764403202008-12-10T22:18:00.000-05:002008-12-10T22:20:18.229-05:00

Although the bailout for the auto industry seems to have given some investors an increasing risk appetite, and thus has weakened the U.S. dollar, it is far from a done deal, and Republicans are rightly threatening to vote the corporate welfare bill down.The fickleness of investors and the market makes this the type of story that can change from day to day, and has. Both the euro and British pound

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-28178530009685942452008-12-05T01:42:00.000-05:002008-12-05T01:44:30.934-05:00

The unusual circumstances surrounding the underpinning of the U.S. dollar has many analysts unsure of how long that shifting foundation can last. Forced liquidation or deleveraging has been the key reason the dollar has performed so well lately, and it's now questionable how much longer that process will remain a factor. Once that slows down, the dollar will have tremendous downward pressure on

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-38100668487145723382008-11-26T20:47:00.000-05:002008-11-26T20:49:05.443-05:00

Although German chancellor Angela Merkel and the German government has implemented a fiscal stimulus plan, it was an extremely modest €12bn over the next two years. While that was probably a mistake, at least Merkel understands that creating money from thin air won't do a thing to take care of the problem they're in.Merkel and the German government have been coming under increased pressure to

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-16005196938173525262008-11-26T20:18:00.002-05:002008-11-26T20:19:00.708-05:00

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-55881432127757595632008-11-26T20:18:00.001-05:002008-11-26T20:18:30.571-05:00

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-54553389357134362182008-11-26T20:17:00.000-05:002008-11-26T20:18:05.316-05:00

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-35193509029032335452008-11-26T20:16:00.000-05:002008-11-26T20:17:26.663-05:00

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-38163445308886401072008-11-19T23:57:00.000-05:002008-11-19T23:59:05.294-05:00

Says fiat-dollar system is over: it has failedSome of the issues talked about:Need to get to bottom of problem, not offer bandaidsCentral bankers can do what they want - no checks-and-balances since 1971New international reserve currency being discussedCentral bankers selling gold to make it look like U.S. dollar is stronger than it really is.Yearly deficit should be a major concernCommodity

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-39669625151990126582008-11-19T13:13:00.000-05:002008-11-19T13:18:37.860-05:00

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-10875033561302059112008-11-18T22:18:00.000-05:002008-11-18T22:19:08.328-05:00

Ron Paul on the failure of policies that are contributing to the death of the U.S. dollar

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-24579161600691912412008-11-15T14:08:00.000-05:002008-11-15T14:09:40.486-05:00

Ron Paul: Governments need to stay out of the way and let the markets correct themselves.

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-6590974505281557152008-11-14T16:34:00.000-05:002008-11-14T16:38:58.814-05:00

Now the the Chinese have decided to focus on their own infrastructure with the approximate $585 billion stimulus plan, they'll start cutting back on buying U.S. treasuries. Acquisition of U.S. treasuries worked in China's favor, as it provided money to U.S. consumers who would then buy Chinese products manufactured in the country. This has worked as the Federal Reserve has been able to keep

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-44114019848324993012008-11-12T19:13:00.000-05:002008-11-12T19:16:18.494-05:00

Safety was the driving force for investors today, as the announcement by U.S. Treasurey Secretary Henry Paulson that the Troubled Asset Relief Program (TARP) would add to its focus of infusing capital into banks, to also helping nonbank financial sector.Jittery investors interpreted that as problems are emerging in the attempt to fix the financial crisis.Immediately after Paulson's comments

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-13660367137606561932008-11-07T16:35:00.000-05:002008-11-07T16:37:34.842-05:00

After the announcement the number of jobs lost in the U.S. economy for October were more than forecast, the U.S. dollar gave up much of its Thursday gains on Friday.Jobs lost in October were about 240,000, a 30,000 increase from the projected 210,000by economists, according to the Labor Department.Unemployment rates now stand at 6.5 percent, the highest in 14 years. The euro ended the session at

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-80941423988335611802008-11-06T16:53:00.000-05:002008-11-06T17:01:20.983-05:00

In response to the weakening European economy, central banks started slashing benchmark lending rates in attempts to jumpstart credit markets again.While the move of cutting rates by the European Central Bank was in line with expectations of 50 basis points, bringing it to 3.25 percent, the cuts by the Bank of England shocked a lot of investors and analysts, as they cut rates by 150 basis points

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-48105351473420629392008-11-03T16:42:00.000-05:002008-11-03T16:43:06.338-05:00

As major funds continue to deleverage in order to access cash, the U.S. dollar continues to be a major beneficiary, as the greenback continues to strengthen against major currencies.Deleveraging means when funds and investors have to sell, they are buying back the U.S. dollar the had previously sold. That drives up the value of the dollar.With no way of knowing how long companies, investors and

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0tag:blogger.com,1999:blog-2334484833155933862.post-60885775775245706802008-10-24T16:54:00.000-04:002008-10-24T16:56:34.105-04:00

Although the U.S. dollar has been the beneficiary of the forced liquidation of commodity positions which are for the most part denominated in U.S. dollars, it hasn't been because underlying fundamentals have changed, as its drop against the yen has proven. Today the dollar fell to a 13-year low against the yen, dropping to 90.89.It has rebounded some since then, but it does show that the yen is

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com1tag:blogger.com,1999:blog-2334484833155933862.post-24411352028042168192008-10-23T19:11:00.000-04:002008-10-23T19:17:12.939-04:00

... At least as long as it takes for investors to unwind their positions.The major reason behind the strengthening of the U.S. dollar is the money investors borrowed over the last several years that is now being called in by lenders.With the vast majority of that debt being dollar-denominated, it has forced investors to do whatever they can to find greenbacks to pay off those loans. That, of

Gordyhttp://www.blogger.com/profile/17429180396856425838noreply@blogger.com0