Dollar Plunges As Everyone Now Figures Return Of Quantitative Easing Is A Done Deal

Please refer to the three Illustrations and the explanations posted today.
Any questions?

Jim

The dollar s the senior fiat currency in which most of the world's debt has been issued. In other words, it is the poster child for the fiat currency system. Like all fiat, the dollar is depreciating against gold in a controlled, ebb and flow manner since 2000. The dollar's recent strength against most major currencies from December 2009 to June 2010 suggested little as the price of gold also reached new highs. Relative weakness of the dollar against other fiat, designated as QE II or any other number, is nothing more than "it's just the dollar's turn in fiat's race to the bottom.

Eric

Today the weak economic data is causing dollar selling, because it's becoming crystal clear to folks, as ForexLive notes, that quantitative easing II is now a done deal. No more baby steps or holding the balance sheet steady. There's no excuse for the Fed Board of Governors to be have an unclear picture of the economy's direction anymore.

Source: businessinsider.com