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U.S Dollar weakens due to slower economic growth

U. S Dollar plummets due to data indicating reduced economic growth

Submitted by Peter Fleming on Sat, 29/07/2006 - 5:13pm.
In Major Currencies | Economic Indicators | Market Reactions | US Dollar

The U.S dollar has declined amidst data which showed that U.S economic growth has slowed down at a rate faster than expected.

A report made by the Commerce Department has revealed that the Gross Domestic Product (GDP) for the second quarter grew only 2.5 percent, lower than the expected increase of 3.2 percent. This report has reduced expectations that the U.S Federal Reserve will increase interest rates on August 8.

In New York, the Euro was at $1.2723 from $1.2693 on Thursday while the U.S Dollar was at 115.20 Yen, down from 115.82 Yen on late Thursday, while the Euro was at 146.47 Yen from 147.02 Yen on late Thursday.

Analysts predict that the U.S dollar will remain at its downgraded state throughout this week.

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Demise of FIAT money
Submitted by Anonymous Stranger (not verified) on Fri, 10/10/2008 - 1:31pm.

The reason the USD has and will continue to decline is the simple reason that the US is flooding its economy with 'cash' 'credit' 'liquidity' whatever term you want to use. The more that is added, the less the existing supply is worth - simple and obvious maths.

And for those not aware the current global fiat monetary system is designed to fail YOU. It is fraudulent, corrupt, immoral and ultimately criminal.

How does money enter an economy ?
It basically originates from a bank of issue which attaches interest inflating the 'cost' of money.

Simply put money costs more than it is worth !!!

The SOLE responsibility for inflation lies DIRECTLY with central banks.
Why ? - because they are the arbiters of the amount of money in circulation at any given time.
Their mechanism is called interest rate adjustment.
Raise the interest rate - contract the money supply (add value to currency).
Lower the interest rate - expand the money supply (devalue the currency).

Not to mention 'Fractional Reserve Lending', the biggest con the world has EVER seen.

Unfortunately we have developed a monetary system that BLEEDS wealth from the many to the hands of the insidious few.
We actually have a chance to correct this abhorent system but what do we see - bandaids for a corpse.
Taxpayers 'bailing-out' 'paying for' this system to continue and at the same time rewarding those criminals responsible for this mess !!

Bring on the death of financial enslavement and the abolition of WTO, IMF, UN (and subsidaries), world bank, free trade agreements, usury, war on terrorism, eugenics, GM crops, transhumanism, biofuels and ALL the collective madness we as people are conditioned to accept as GOOD and helpful to the world !!!

BAHHH !

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