Dump the US Dollar?
Why not? Everyone seems to hate the US dollars. Even a famous model recently came out and stated she wanted to be paid in any currency except the US Dollar. I did not know she was a recent graduate of Harvard Business School or Wharton with a degree in economics? Even George Soros explained why the dollar is collapsing in 2005 and he is a legendary currency trader. The Chinese government has begun a concerted campaign of verbal threats against the United States, hinting that it may liquidate its vast holding of US Treasury bonds if Washington imposes trade sanctions to force a Yuan revaluation. Rumors have it that Russia, Switzerland, OPEC members and several other countries have reduced their dollar holdings. Yes there are very strong reasons for the US dollars weakness… But it is very hard to make money following the crowd and acting on FEAR! In all my years of investing I have repeatedly seen the crowd acting out of fear and losing money. Everyone seems to have an opinion from our beautiful model to George Soros; the key is having a plan. Regardless of direction of the US Dollar have a plan. Any Hedge Fund or individual trader will tell you the US Dollar Index ( a basket of currencies that trade against the US Dollar) has trended and any simple trend following mechanical method or system would have been short the US DOLLAR INDEX ( We too were short the US DOLLAR INDEX). While the dollar has sunk to record lows against other major currencies, remarkably the Canadian dollar, Rupee, Euro and too many to mention the decline has been gradual. Since 2002, the U.S. currency has fallen 40 percent against the Canadian dollar, 33 percent versus the Euro and weakened 24 percent compared with the British pound. A view increasingly widespread among European politicians is that the Euro is too high as well the Chinese government who is reluctant to let markets push up the value of the Yuan. Today in Bloomberg there is an article stating that Central banks from Bogota to Mumbai are imposing foreign-exchange curbs to take control of their soaring currencies from traders dumping the dollar. In Colombia, international investors buying stocks and bonds must leave a 40 percent deposit at Banco de la Republica for six months. The Reserve Bank of India created a bureaucratic thicket to curb speculation by foreign money managers. The Bank of Korea is investigating trading of currency forward contracts to limit gains in the won, now at a 10-year high. The weaker dollar is a big help to the US economy, making U.S. exports more attractive at a time when consumer spending at home is slowing down and housing is a drag. Trade accounted for a full percentage point of the third quarter's 3.9% growth, and exports are buoying profits of many big U.S. companies. As in every situation there are always those who benefit such as the US exporters. However the pain is being felt elsewhere. U.S. sales for Hyundai Motor Co., South Korea's third-biggest exporter, may decline for the first time in nine years. Infosys Technologies Ltd., India's second-largest software exporter, cut its full-year earnings forecast on Oct. 11, blaming the rupee's 13 percent rise. The shares fell 24 percent this year. What about all those lovely products we like to spoil ourselves with such as Mercedes, BMW, Hermes and countless other products. Do you think they are exporting as many units as the prior years? When Henry Paulson became Treasury secretary 16 months ago, his response has been to repeat the mantra that a "strong dollar is in our nation's interest." Many have thought the US government and central bank would influence the US dollar, however their verbal remarks and attempts at intervention have been ineffective, largely because the markets are so large that governments can't really influence them -- outside of tightly controlled currencies like China's. The government hasn't many options if it wanted to arrest the decline. It could use stronger rhetoric to talk up the dollar (which so far has not worked). It could, in coordination with other countries troubled by the dollar decline, buy dollars in foreign-exchange markets. Or the Fed could raise interest rates, since money flows to countries with higher rates. Clinton's Treasury in August 1995, when the currency was falling even as the Fed raised rates. In April 1995 the US dollar index as at 79.05 and by July in 2001 the US Dollar was at 124.14. Then as now the US Dollar Index was grossly oversold. Hillary Clinton, who has called for restrictive legislation to prevent America being "held hostage to economic decisions being made in Beijing, Shanghai or Tokyo". She said foreign control over 44% of the US national debt had left America acutely vulnerable. The question is who would benefit if the US Dollar crashed? No major holder of US dollars, (China or OPEC members) will willingly send the dollar into dollar hell. Because if they do that they go too. It's that simple. They are damned if they do and damned if they don't. Not to mention the Chinese government which is attempting to rein in an overheated economy with a stock market bubble and avert a financial collapse. So what does one do? You are reading this to hear some ideas. Simply if one is US Dollar based it might be prudent do absolutely nothing. The reason being all your future expenses will be in US Dollars and to try to time the currency markets- Good Luck! The Canadian dollar for example was at 110.43 and is currently at 104.97. That is only a $5500 loss per $100,000 dollars in 4 days. If my last suggestion absolutely does not sit well with you and you have no problem buying into the current fear and doom…You could buy Gold- which is another fear story and today is down $14.00 and way over bought. Another idea is sell US Dollars and purchase a money market denominated in Euros or anything else you feel comfortable. If one is a non US entity and exports to the US (who doesn't) then maybe they should buy some currency insurance such as a forward contract or futures contract. Honestly my suggestion is that one should not make rash decision and not to react out of fear. Rather one should have a definitive plan that is delineated detailing where a trade or invest works or does not work. Being wrapped up in the moment it is hard to think clearly and the most possible conclusion would be a loss.
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Have you always had an eye for detail? Do you like jewelry? Have you ever looked at the pieces in a jewelry store and thought that you could design so much better? If so, you might want to consider starting your own jewelry business. You could easily turn a small investment of $1000 or less into a multimillion dollar company.
You might be thinking there is no way that you could achieve such success. However, if you simply think about it, you will realize that it doesn't take specialized training; it doesn't take years of knowledge to design and create a piece of jewelry. It just takes a good idea. If that good idea can be turned into a beautiful piece of jewelry, then you can sell it for great profit. When you buy a piece of jewelry, are you concerned with how much the artist knows, or where they went to school? No. You only care about what the finished product looks like. Think about how much you have paid for the jewelry you wear, or the jewelry that you have given as gifts.
If you want to start your own jewelry company, all you have to do is invest in enough materials to make a few pieces. Once you sell those, you can put that money right back into your company to buy even more materials. You can continue compounding your earnings this way, until you have built your company up. There is literally no ceiling to how much you can make in this business, as long as you can create a beautiful product.
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The question shall be: in what could I profit, by investing $1,000 should I wanted to invest such amount. It is seen all over the forums, everyone wants to know the magic formula for starting an online business with a small budget. If you do have $1,000 to invest and you are clueless in what to invest your time and energy, the Internet should be your great way to leveraging your time and most importantly - grow your passive portfolio.
Often it goes this way - rising fantasy goes in play. You just do not know what to invest offline with a small budget that could be certainly predicted to be a winning profit business, at least have good metrics for starting a project. Frustration may arrive when you see how hard the obvious winners in the offline business world are for leading in such business: Real Estate, Restaurant business, Gas Station, Laboratory Clinics, Franchises, Retail Stores, among others.
Curiosity hits and a search in Google for how to start an online business with a small budget ticks your mind. You get hundreds of opportunity in a day and by the week you have over 1,000 stocking in by the second, in your email account. What kind of business should I join and give it my part time try or provide all of me from now on, you ask?
Instead of going into desperate situations like most of us did when arriving on the net, from experience, take your time to decide a couple of things. For me it has been a wonderful experience, a challenging one and one that keeps growing in experiences both in try outs and successes. So what exactly do I need to know and decide if I am ready to invest $1,000 in a 5 minute read sales letter?
Should I invest in education on a certain business and follow the latest and simplest role model for profit success? Could investing one thousand dollars on business consulting will be the wisest choice as a online starter? Should I enter the latest network marketing finest compensation plan since they have a wonderful training sales team?
The above are reasonable options and the ones that many dump $1,000 in less than a hour pace from seeing options online. It is read all over the forums, and while good choices would have been one of the above options. Spending a morning or a good evening asking yourself - what could I be good at? What could I involve myself easily without worry because I have more experience than the majority of those marketing such and such service?
Reality as you may see online, there are millions of options in the billions of websites displayed on the search results. What could you vision yourself doing for 1,5 or 10 years from now consistently and confidently educating yourself understanding everything involved would be yet another wise question to ask yourself.
Good thing about good experience people is - they do not give you the answers for what is good for you or is bad for you, they let you decide intelligently according to your situation, experiences and budget without forcing you to go in a given investment you just do not like. There is an option for everyone with enthusiasm, see it and believe it!
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Without any loan collateral, instant loans undeniably expose more high risk for the loan provider, as a result they come with higher debt interest fees. However they are still quite cheaper than credit cards, and that is why many folks use fast loans as repayments on cards having expensive interest charges.
The basic problem of fast loans is the high cost concerned when the borrower has problems repaying the loan value without delays. The fast accumulating loan interests can easily result in the total loan sum to become very large above your initial expectations. Some end up with poor credit history from getting payday loans and perhaps you have also heard similar occurrences from your relatives or/and friends.
The easy availability of no credit check loans with bad credit can be a very enticing hook. Even though it can be a simple way to solve any financial issues, but do practice carefulness. Fast cash payday loans have to be taken for the right settings and not for buying flashy cars and the latest iPhone etc. Whenever you ponder on seeking a instant cash loan, make sure you have available spare cash to make bill payments and repay these high cost debts by the repayment deadlines.
Cash advance loans definitely no long term loans. In fact, they should not be considered for any big bills exceeding $5000 or 30% of your gross income, whichever is smaller. Restrain from seeking more than one payday loan correspondingly. You should probably seek credit counseling for support if you find yourself relying on instant loans persistently.
After experiencing real experience with the wrong route of borrowing from loans, some people then realized the value for bank account and the efficiency of debt consolidation programs. Everybody can repair a good FICO score if they are willing to make changes in their current shopping habits. converting the many holiday budget to repay fast cash loans is a sure win method to improve your personal credit report.
Select a payday loan lender only after you have diligently compared or/and researched the loan plans as well as terms/conditions. Verify the interests and fees added on any overdue loan payments. Finally, double check that you have a realistic outlay of incoming earnings to repay your military payday loans within one or two weeks lest the accruing debt interest becomes progressively difficult to cover. One should never get a new instant cash loan to solve the previous unsecured loans with bad credit. For your own future, always put aside some income for the piggy bank.
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If you are looking for a low interest payday loan, you need to look for the payday lenders in your state that will offer you the service without credit check and without fax. Cash till payday will help you get money to fix your urgent need without stress. If you are looking for $100 to $1000 dollars fast cash, you need to consider cash advance service.
With online payday lenders, you can get low interest service without fax and without credit check. That means, with your bad credit record, you can get approval for paycheck advance without delay. $1000 dollars via payday loan facility is easier if you apply with the lenders in your state. With the lenders in your state, you will get easy access to cash and fast service for your application. Lenders in your state will also give you low interest rate for your application.
With low interest payday loan, you can get instant cash with low repayment rate. If you don't want to pay exorbitant rate for your application, you need to apply with the lender that has the most moderate interest rate package for borrowers. With low interest rate, you will pay low repayment rate during pay back.
There are so many lenders online that are ready to transfer cash to your account until your payday. But you have to avoid the company that will charge you for filling their application form. If you fill online form with any company that charges customer for filling their form, they will charge your account whether or not they approve your application. Remember you will include your account information in your application
To avoid lenders with high interest rate package you need to fill application form with the lenders in your state. To get the lenders that will wire cash to your account without fax and without credit check
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$ $ Not a Scam!! $ $ THIS REALLY CAN MAKE YOU EASY MONEY!! IT WORKS!!! BUT YOU HAVE TO FOLLOW IT EXACTLY FOR IT TO WORK AND BE LEGAL! I am a 29 year old executive for a very large presidential firm and a single mother. Figuring my bills, I figured that I was over $55,000 in debt and needed some money quick so I decided to try this. This is the only program that kept me from filing bankruptcy the following week. With a 4 year old daughter and heart surgery bills piling up, something had to be done so I decided I could not loose much by trying this program. I came across this by browsing some newsgroups on the Internet. It said that I could make thousands of dollars within weeks with only an initial investment of $6.00! I thought, " Yeah, right, this must be a scam", but like most of everyone, I was curious, so I kept reading. The program goes as follows(follow these directions):
1) Take 6 separate envelopes and pieces of paper. On the paper, write “Please put me on your mailing list and then place your name with address.” Now get 6 US $1.00 bills and place one in each of the envelopes with the paper so wrapped around the bill so the bill can not be seen through the envelope. This will prevent thievery. You should now have 6 sealed envelopes, each with a piece of paper stating the above phrase, your name and address, and a $1.00 bill. By providing a $1.00 in each envelope, you are paying for their services. This is how it becomes legal.
2) Mail the 6 envelopes to the following addresses:
1)Mike 6333 Mandru Rd. Jacksonville, AR 72076
2)Marlowe 1437 13th Street #4 Oakland, CA 94607
3)Liam PO Box 90 Federal, NSW 2480 Australia
4)Oliver PO Box 1032 Mullumbimby, NSW 2482 Australia
5)SAL 7530 Gloaming Ave San Diego, CA 92114
6)Sean 1714 Mifflin Ave Ashland Oh 44805
3) Now take the #1 name off the list that you see above, move the other names up (6 becomes 5, 5 becomes 4, etc...) and add YOUR Name as number 6 on the list.
4) Change anything you need in this letter you would like but try to keep it as close to original as possible.
5) Now, post your amended article to at least 200 newsgroups. (I think there are close to 24,000 groups) All you need is 200, but remember, the more you post, and the more money you make! -----HOW TO POST TO NEWSGROUPS------------ 1) You do not need to re-type this entire letter to do your own posting. Simply put your cursor at the beginning of this letter and drag your cursor to the bottom of this document, then select 'copy' from the edit menu. This will copy the entire letter into the computers memory. 2) Open a blank 'notepad' file, and place your cursor at the top of the blank page. From the 'edit' menu select 'paste'. This will paste a copy of the letter into notepad so that you can add your name to the list. 3) Save your new notepad file as a .txt file. If you want to do your postings in different sittings, you'll always have this file to go back to. 4) Use Netscape or Internet explorer and try searching for various newsgroups (on-line forums, message boards, chat sites, discussions.) 5) Visit these message boards and post this article as a new message by highlighting the text of this letter and selecting paste from the edit menu. Fill in the Subject, this will be the header that everyone sees as they scroll through the list of postings in a particular group, click the post message button. You're done with your first one!. So after thinking it over, and talking to a few people first, I thought about trying it. I figured what have I got to lose except 6 stamps and $6.00, right? Like most of us I was a little skeptical and a little worried about the legal aspects of it, put I am a paralegal so I did some checking, as well as, called the U.S. Post Office (1-800-725-2161) and they confirmed that it is legal! Then I invested the $6.00. I am very glad I did.... within 7 days, I started getting money in the mail! I was shocked! I figured it would end soon, but the money just kept coming in. In my first week, I made about $25.00. By the end of the second week I had made a total of over $1,000.00! In the third week I had over $10,000.00 and it's still growing. This is now my fourth week and I have made a total of just over $42,000.00 and it's still coming in rapidly. It's certainly worth $6.00, and 6 stamps, I have spent more than that on the lottery!! Let me tell you how this works and most importantly, why it works....also, make sure you print a copy of this article NOW, so you can get the information off of it as you need it. Congratulations...THAT'S IT! All you have to do is jump to different newsgroups and post away, after you get the hang of it, and it will take about 30 seconds for each newsgroup! **REMEMBER, THE MORE NEWSGROUPS YOU POST IN, THE MORE MONEY YOU WILL MAKE!! BUT YOU HAVE TO POST A MINIMUM OF 200** That's it! You will begin receiving money from around the world within days! You may eventually want to rent a P.O. Box due to the large amount of mail you will receive. If you wish to stay anonymous, you can invent a name to use, as long as the postman will deliver it. **JUST MAKE SURE ALL THE ADDRESSES ARE CORRECT.** Now the WHY part: Out of 200 postings, say I receive only 5 replies (a very low example). So then I made $5.00 with my name at #6 on the letter. Now, each of the 5 persons who just sent me $1.00 make the MINIMUM 200 postings, each with my name at #5 and only 5 persons respond to each of the original 5, that is another $25.00 for me, now those 25 each make 200 MINIMUM posts with my name at #4 and only 5 replies each, I will bring in an additional $125.00! Now, those 125 persons turn around and post the MINIMUM 200 with my name at #3 and only receive 5 replies each, I will make an additional $626.00! OK, now here is the fun part, each of those 625 persons post a MINIMUM 200 letters with my name at #2 and they each only receive 5 replies, that just made me $3,125.00!!! Those 3,125 persons will all deliver this message to 200 newsgroups with my name at #1 and if still 5 persons per 200 newsgroups react I will receive $15,625,00! With an original investment of only $6.00! AMAZING! When your name is no longer on the list, you just take the latest posting in the newsgroups, and send out another $6.00 to names on the list, putting your name at number 6 again. And start posting again. The thing to remember is, do you realize that thousands of people all over the world are joining the internet and reading these articles everyday, JUST LIKE YOU are now!! So can you afford $6.00 and see if it really works?? I think so... People have said, "what if the plan is played out and no one sends you the money? So what! What are the chances of that happening when there are tons of new honest users and new honest people who are joining the internet and newsgroups everyday and are willing to give it a try? Estimates are at 20,000 to 50,000 new users, every day, with thousands of those joining the actual Internet. Remember, play FAIRLY and HONESTLY and this will work : : : : :
http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=00508p
When I first started getting interested in investing, my goal was to double my money my money within a month. Imagine my surprise when I was able to turn 100 dollars into 1,000 dollars in less than a month! What I did was simple, and anyone can do it with a little persistence.
First, I took my 100 dollars and bought a mixed lot of 500 books. I then signed up with several online bookseller websites and listed them all for one penny less than the lowest price or $1, whichever was higher. Within a week I'd sold 150 of them for a total of 300 dollars. I then used that 300 dollars to buy 3 more mixed lots of 500 books.
The next week I sold a combination of the new 1,500 books I'd acquired as well as some of the 350 books that hadn't been sold from my initial lot of 500 books. I took the profits at the end of that week, and reinvested in even more books. By the end of the month I had over 1000 dollars in profit - and still had several 1000 books posted that continue to sell!
Once I'd been selling for awhile I was able to go through mixed lots and pick out the ones I knew would sell. It didn't take long at all to become an expert on what books were in high demand. I've had such a great time with this, and made a great profit too! Who would have thought you could really turn 100 dollars into 1000 dollars in less than a month?
If you need money now, like I mean in the next 10 minutes, try what I did. I am making more money now than in my old business and you can too. If you want to learn how to invest a few hundred dollars in the next 10 minutes and double it before you go to bed tonight, click now to read a TRUE "Rags to riches" story by Martin Thomas that is remarkable - he did it, we all did it and you can do it too! FREE! Quickest-way-to-make-money-on-earth.com
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