U.S. Dollar Still Under Pressure

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 currency, basket of reserve currencies, or to trade in targeted sectors like oil not using the dollar as the currency used for trade.

That will also continue pushing the price of gold up as investors migrate to the yellow metal to hedge against the inevitable inflation coming, and which some say is largely understated by the U.S. government.

Ron Paul on How to Solve Monetary Problem

Says fiat-dollar system is over: it has failed

Some of the issues talked about:

Need to get to bottom of problem, not offer bandaids

Central bankers can do what they want - no checks-and-balances since 1971

New international reserve currency being discussed

Central bankers selling gold to make it look like U.S. dollar is stronger than it really is.

Yearly deficit should be a major concern

Commodity standard would balance system - restrain problem

Central banking is problem

Need new monetary system

Sound Money is the Answer