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Additional nations are realigning the way that they use US Dollars in conducting their cash reserve management business. Nations that have announced or hinted at a shift in the percentage of foreign exchange holdings held in US Dollars include Russia, China, Japan, Iran, Malaysia, Qatar, Kuwait, and Vietnam. There are probably many more who are quietly making adjustments in the percentage of foreign exchange holdings held in depreciating US Dollars.

The recklessness of the Bush administration with its spend, spend, spend, and borrow, borrow, borrow policies, and the growth of the twin US deficits in the balance of payments and for the federal budget seem to be forcing a change in the way nations will manage foreign exchange reserves. They will be reluctant to continue to accumulate dollars. You can’t really blame nations when they are lucky to receive 5% on Dollar deposits and in recent years are losing 15% to 20% a year in Dollar depreciation.

The following article in The Daily Reckoning details the recent moves to diversify away from the Dollar by Vietnam and Qatar.

“Qatar and Vietnam aren’t exactly marquee players on the world financial stage. But if this is any indication, they’re harbingers of what’s to come for the U.S. dollar:

Announcements on Thursday from the Qatari and Vietnamese governments that they are rapidly divesting in dollar denominated securities will not come as good news to the US government. Overseas investors hold half of America’s $4,400bn of marketable government debt, up from a third in 2001 according to the US Treasury department.

Qatari Prime Minister, Sheikh Hamad bin Jassim bin Jabr al-Thani said on US TV that the government-backed $50bn Qatari Investment Authority (QIA) now had less than 40 per cent of its investments in dollars, down from a high two years ago of 99 per cent.

Given that the Emirate’s oil and gas revenue is in dollars, the latest troubles in the US economy have accelerated the need to diversify investments into non-dollar markets. Currencies such as the Euro, the British Pound and the Swiss Frank, are all looking far more stable as investments for the QIA, said Sheikh Hamad.

Such was the Qatari PM’s concern about the sliding dollar, that he even said an oil price of $125 a barrel would not be unreasonable.

Ouch. Coming on the heels of Kuwait’s decision to decouple its currency from the dollar, and Saudi Arabia’s refusal to cut interest rates in tandem with the Fed last month the notion of the six Gulf Cooperation Council nations forming a single currency pegged to the dollar is looking not only improbable, but impossible.

And what about Vietnam? This too looks like an omen:

On Thursday, the State Bank of Vietnam quietly let slip it would be ending its dollar purchase schemes, which it has been using to hold down the Vietnamese currency. Although it only has middling dollar reserves of $40bn, Vietnam is widely regarded as a barometer for economic sentiment among other, bigger, regional dollar sinks like China, Taiwan, Korea or Singapore. Hans Redeker, currency chief at BNP Paribas, told the Telegraph:

“Vietnam is a relatively small country but it is symptomatic of Asia. The entire region is seeing inflation move up as a result of mercantilist policies of holding down their currencies with ‘dirty floats’, which are designed to help their export sectors. They need to change monetary policy.”

Would the last country to exit the dollar please turn out the lights?”

As an American you may wonder why this should matter to you? For one thing as the Dollar falls on foreign exchange markets it means that everything imported into this country will cost more. We will be in effect importing a strong dose of inflation.

Another almost certain effect as the Dollar continues to fall is that the US Treasury will find it more and more difficult to finance the huge daily gap between what the government takes in as revenues and what it spends every day. Just the war in Iraq is now costing about 12 billion a month.

The US is borrowing tremendous sums from China, Japan, and other countries that enjoy high savings rates among their citizens to cover the deficit. However, as the Dollar falls these countries are going to become less willing to lend the US the money that it needs and even if they do continue to lend will demand higher interest rates.

The weak Dollar therefore makes it much more difficult to control interest rates at home. The Federal Reserve may be able to set short term rates but its control over long term rates is much less than many think.

It is dangerous for America to have a currency with no backing and that nations are losing confidence in. As the Dollar falls there is a risk of a panic setting in that would lead to a rapid destabilizing loss of value to the Dollar. Such an event could lead to a round of hyperinflation in America that would have the potential to wipe out the middle class.

Should America lose its status as the world’s premier reserve currency out of control events that happened in Argentina in 1999 – 2002 could happen in America. Deficits do matter and America is getting dangerously close to finding out just how much they do matter.

America needs to cut back drastically on its spending. Ending the reckless war in Iraq would be a good start. As reducing spending could tip a not so strong economy into recession it is unlikely that American politicians have the wisdom or guts to make the tough decisions that would restore confidence in America and the US Dollar.

You can expect a dramatic Dollar and economic crisis within a year or two. Gold at $750 an oz. , crude oil at $82 a barrel, housing foreclosures at record levels, and wheat at all time highs above $9.00 a bushel, while the US government tells you that inflation and the status of the economy is not a problem, should let you know that economic conditions are not nearly normal.

In my opinion, big trouble is on the way.

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For the past several thousand years people from all over the world have placed a high value on gold coins for their beauty, durability, portability, and universal acceptance as a medium of exchange.

No matter where you may go in this world gold coins will gladly be accepted as money. Given a choice between paper money or gold coins which one would you rather have?

During times of uncertainly it is only prudent to buy gold coins. While paper money issued by governments without any sound backing, known as fiat currency, may come and go, gold coins will endure.

As a means of maintaining purchasing power throughout the ages gold coins have no equal.

Monex is a gold, silver, and precious metals specialist that for over 30 years has been serving Americans with their investment needs.

Their experienced staff stands ready to answer any questions that you may have about the purchase of gold and silver coins.

Disclosure Notice: This is a paid post sponsered by Monex.

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I say moment as with peak oil and continued upward pressure on crude prices gasoline prices could more easily increase to world price levels than fall. All it would take to really push the gasoline market far higher would be a pre-emptive Bush lead military strike on Iran.

Here are the top world oil prices for June 18th, 2007.

United Kingdom $8.37

Netherlands $7.52

Norway $7.33

Belgium $6.95

Denmark $6.95

For more prices and comments on the outlook visit USA Today.

Maybe $3.00 a gallon isn’t so bad after all. Better fill up now and bring an empty 55 gallon drum along.

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To be sure commodity trading is a risky business and not suitable for everyone. Price levels of commodities can change rapidly depending upon weather conditions, problems with production facilities, wars, new technologies, and rumors, to name a few.

Like any speculation or investment you should carefully study commodity futures trading before taking part. If you have the necessary risk capital, a good base of knowledge, use professional trading techniques, have self discipline, then with a bit of luck you might just make your fortune trading commodities.

A good place to start learning the business is at Commodity Futures Trader. Just be sure to learn at least the basics before trading with real money. A number of commodity brokerage firms will allow you to open a “practice” account funded by imaginary money to help you get started.

This approach is highly recommended as you can learn the ropes and test your trading plan without putting your own capital at risk. Then when you think that you are ready you can fund your account with real money.

That way you will have a much better chance of being a successful trader than if you had jumped right in with real trading without refining your commodity trading techniques and money management plan.

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Let OEX Options do the heavy lifting for you. As a subscriber to this online service you get daily pre-market alerts that will give you a head start on trading options at a profit. In options trading timing and up to date information is everything. Your daily alert will give you all of the informatiom you need to make smart options trading decisions.

Options trading offers you a way to make serious money online. Of course, as with any investment you should only invest risk capital, that is, money you can afford to lose. To reduce the risk and to provide your self with the means of making exciting investment returns place experienced OEX options traders on your side.

A free 15 day trial is yours for the asking.

Disclosure Notice: OEX Options offers a professional service and is one of the top ten viewed investment advisory services on the Internet. That being said this is a paid post.

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With golden sandy beaches fronting on the Black Sea and rugged mountainous regions perfect for skiing Bulgaria has become an increasingly popular tourist destination. A great aid to increased tourism and to property investment is the fact that prices are still much lower in Bulgaria than in more established European tourist destinations like Spain, France, or Italy.

The economic benefits that EU membership brings to newly admitted countries are expected to fuel growth in the Bulgarian property market for many years to come. The Bulgarian property market will likely follow the pattern of increased demand and rising prices experienced by other newly admitted countries, such as the Czech Republic and Slovakia, when they entered the EU in 2004.

One beach front town that is already benefiting from increased development and tourism growth is Byala. Byala property is expected to offer excellent investment opportunities as premier golfing communities and condominium apartment developments on and near the beaches race ahead.

Since the EU has decided to not admit additional members until a review of existing regulations takes place Bulgaria will remain the focal point for investment in a newly admitted European Union member nation for some time to come.

If you are seeking an emerging vacation destination hot spot that already offers a wide range of activities and facilities at attractive prices along with interesting property investment opportunities you should visit Bulgaria.

While in Bulgaria be sure to visit the charming city of Sofia, the nations capital. Sofia property offers prime investment opportunities in a city already energized by Bulgaria’s admission into the EU.

Disclosure Notice: While the property investment opportunites in newly admitted EU nations have been outstanding to date and I expect will be the same for Bulgaria this is a Sponsored Paid Post.

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Gold in all of its forms, gold jewelry, gold bullion, or gold coins, has never been more in demand than today. With the political realignments, constant strife and warfare taking place today in so many regions of the world gold has taken on increased value not only for its beauty but as a storehouse of value and as a “just in case” wealth insurance policy.

As an example, just imagine what it must be like for holders of paper money to find their paper currency rendered worthless by conditions found in Zimbabwe. Due to the actions of a self serving politically motivated, incompetent, and corrupt government inflation has soared to over 3000 per cent per year. If you had paper money in a bank saving account you have been wiped out. If you own gold you are in good shape.

Fortunately, gold is easy to purchase when you use the services of Monex Deposit Company (MDC) which has been successfully serving precious metals clients for over thirty years. When you choose Monex for your gold purchases you are choosing professional services from hard asset specialists who are committed to serving your precious metals investment needs.

Disclosure Notice: As a former commodity futures broker and forex trader I have long believed in gold as a important to own asset class. However, this is a paid post which I feel will interest many readers of this blog.

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The growth of forex trading is due to multiple factors. One is simply the growth of the world’s economy. As international economic activity increases there is more currency that needs to be exchanged.

For example, an American importer of German industrial equipment has agreed to pay for the equipment in Euros. The importer must therefore go to the forex market and sell dollars and purchase Euros in order to pay for the goods. There are a tremendous number of similar transactions every day. One currency has to be exchanged for another.

In forex trading a pair of currencies is always involved in the transaction. You are buying or selling one currency in exchange for another. Hence the term “currency pairs”. The forex market is the largest volume and most liquid financial market in the world with the amount of daily transactions almost two trillion dollars. Additional information about the basics of forex trading will be found at Forex Trading Guru.

Another easy to understand reason for the growth of forex transactions is that these busy days people travel more internationally. If you are an Englishman taking a trip to Thailand to soak up a bit of sun and Thai culture at some point you will need to exchange British Pounds for Thai Baht.

With the number of ATM machines worldwide dispensing local currencies while charging your credit or debit card for the transaction in your country’s currency conducting foreign exchange transactions have become very easy to do. So easy that many folks don’t even think about the exchange as being a FX transaction. But is is. You are exchanging one currency for another.

As hedge funds and other large financial institutions have entered the field forex trading has become a lot more respectable as an investment and trading class . This, of course, has also contributed to forex’s trading popularity

The remarkable advances in Internet technology have also had their effect on forex trading. Now even a small private investor can open a forex trading account, fund it and make withdrawals over the Internet, receive data feeds and charting information for free that would have cost a small fortune in subscription fees a few years ago, and trade 24/7 five days a week.

This type of trading is usually short term in nature and can lead to rapid losses or rapid gains in trading accounts. Trading forex is definitely not for the faint hearted. However, those who develop the required skills and mental temperament to trade successfully have a world full of money that they can start moving into their own account.

Be assured, however, that as with any speculative trading activity, you should only trade capital that you can afford to lose. Forex trading is not for everyone. Fortunately, If you want to give it a go there are now trading platforms with leading forex trading companies that offer mini contracts as well as trial “make believe money” training accounts.

This is important. You can see how you like it and how well you do without risking anything at all or very little except a bit of your time. And if you find that you have the skill set for forex trading you have just discovered a legal way to print money.

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The concerns are being fueled by a possible meltdown in the US sub prime lenders sector which would have serious implications for the entire US economic outlook. Sub prime leaders are those lending institutions that make housing loans to borrowers with less than stellar credit ratings. Often far less than stellar.

To entice sub prime borrowers to take on large loans from sub prime lenders introductory low rates were often offered, which kept payments artificially low for the first few years of the loan. Most of these now troubled loans are ARMs, adjustable rate mortgages, which means that as market interest rates rise mortgage loan rates increase and therefore borrower monthly house payments increase.

As many of the “introductory” low rates of these ARM’s have now expired and interest rates have also increased from the low, low, levels of two and three years ago, borrowers are being hit doubly hard with sharp increases in their monthly loan payments. A payment of say $800 a month that the borrower could manage at the beginning of the loan has at, say $1,600 a month, become an impossible burden.

Only last week HSBC, Hong Kong Shanghai Banking Corporation, announced it was setting aside much larger sums for loan loss reserves as its US portfolio of sub prime loans turns sour. HSBC began acquiring large amounts of US sub prime loans in 2005 and quickly became one of the markets largest participants.

Now American sub prime lenders are revealing that they have their own problems. Delinquencies that are over 60 days are sharply increasing. With a slower housing market borrowers can’t count on a quick sale at a price great enough to pay off the mortgage as a way out. As home prices fall home owners go “under water” , which means that they own more on the mortgage than the home is worth.

Under such conditions under water homeowners may choose to stop making loan payments and see how long it takes the lender to complete foreclosure proceedings. Thus overall conditions in the housing market can deteriorate quickly.

A meltdown in the US sub prime market can contribute to a further slowing in the overall US housing market as a large number of housing units are foreclosed or are placed on the market in an effort to avoid foreclosure.

A drastic slowdown in the housing market has grave implications for the health of the entire US economy as in the sharply raising housing market of the past six years large numbers of homeowners have used their increased home equity to purchase all sorts of consumer goods, from SUV’s, to new kitchens, to flat screen hi definition TV’s, to expensive vacations. Some homeowners have used their access to home equity lines of credit as ATM machines.

The stock market is beginning to sense that the true state of the US economy may not be so healthy after all. A serious decline in the stock market, lead by a collapse in the sub prime lending market, followed by a sharp downturn in the overall economy, would have far reaching implications in the run up to the 2008 US elections.

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