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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (6004)	4/8/2008 7:51:34 PM
From: Real Man	Respond to of 71475

April Interview with Jim Rogers Q: Is there a circumstance under which you could see the U.S. recovering, or do you think this country is doomed to be an economic also-ran? Rogers: Historically, nations that have gotten themselves into this kind of situation have only gotten out following a crisis or a semi-crisis, or some gigantic stroke of luck. ................ In America, most people do not understand there is a problem! The few who know there’s something going on don’t understand what it is. Most of them who understand it actually think it’s good that the currency’s declining. America’s not going to do anything until things get very, very bad. ................ They’re trying to drive down the dollar. I’m trying to be patriotic. I’m trying to sell dollars. That’s what they want. I’m trying to help them drive down the value of the currency. All Americans should. There are certainly probably good reasons to put some money in dollars. For instance, if you have to buy cotton, you have to have dollars. But for the most part - I, anyway - am joining other people who’re trying to avoid the U.S. dollar, because Washington has sent a very clear signal: "We want the dollar to decline. We’re gonna do our best to make it decline." moneymorning.com

To: RockyBalboa who wrote (6004)	4/8/2008 9:24:55 PM
From: Real Man	Respond to of 71475

guardian.co.uk NYMEX trading probe results to be announced Reuters, Tuesday April 8 2008 (Adds source saying arrests to be announced; arraignment scheduled for former NYMEX board member) NEW YORK, April 8 (Reuters) - The results of an investigation into trading activity on the floor of The New York Mercantile Exchange will be announced later on Tuesday, according to the Manhattan District Attorney's Office. A press conference with the Manhattan district attorney and the director of enforcement of the Commodity Futures Trading Commission was scheduled for Tuesday afternoon, the Manhattan District Attorney's Office said in a press advisory. No other details were released. A source familiar with the case said that arrests would be announced as a result of the probe. A calendar at State Supreme Court in Manhattan showed that Steven Karvellas, a former board member at NYMEX, was scheduled to be arraigned later Tuesday on criminal charges. No details of the charges were available. Karvellas could not immediately be reached for comment. The CFTC press office in Washington declined comment beyond the press advisory. A NYMEX representative could not immediately be reached. According to a 2002 NYMEX press release, Karvellas joined the exchange board in 1996. He is no longer listed as an exchange director. He also had served on the board of governors and executive committee of the Commodity Exchange Inc., which is now part of NYMEX. (Reporting by Martha Graybow and Leslie Gevirtz, editing by Gerald E. McCormick and Dave Zimmerman)