Posts Tagged ‘dollar collapse’
Radio: Max Keiser and Stacy Herbet on Submerging economies + non-displayed liquidity venues
Posted by smeddum on May 9, 2009
Posted in Financial crisis | Tagged: dollar collapse, Jim Willie | Leave a Comment »
China has ‘canceled US credit card’: lawmaker
Posted by smeddum on May 1, 2009
Thursday April 30, 2009
China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday. Read the rest of this entry »
Posted in Financial crisis | Tagged: China, dollar collapse | Leave a Comment »
Before the stampede
Posted by seumasach on March 13, 2009
Here the so-called flight to safety, to US government bonds, is presented as the next bubble to burst bringing a second wave of economic destruction in its wake.
W.Joseph Stroupe
14th March, 2009
Increasingly ominous clouds are gathering in what could soon be the perfect storm against the United States dollar and against the present dollar-centric global financial order.
Read the rest of this entry »
Posted in Financial crisis | Tagged: bond bubble, dollar collapse, financial collapse | Leave a Comment »
Brazil may drop dollar for transactions
Posted by seumasach on February 19, 2009
19th February, 2009
Brazil is keen to see transactions between South American states take place using national currencies, without recourse to the US dollar.
Posted in Multipolar world | Tagged: Bolivarian Revolution, dollar collapse, Multipolar world | Leave a Comment »
Deluge of Financial Calamities Looming by Mid-March
Posted by seumasach on February 12, 2009
Patrick A. Heller
10th February, 2009
As horrible as the financial news for currencies and paper assets has been since mid-2007, it looks like the worst is yet to come – perhaps as early as next month.
Posted in Financial crisis | Tagged: bond bubble, comex gold, dollar collapse, financial collapse, gold backwardisation, gold manipulation | Leave a Comment »
Ship Of Fools
Posted by seumasach on February 11, 2009
Paul Craig Roberts
2nd February, 2009
Is there intelligent life in Washington, DC? Not a speck of it.
The US economy is imploding, and Obama is being led by his government of neconservatives and Israeli agents into a quagmire in Afghanistan that will bring the US into confrontation with Russia, and possibly China, American’s largest creditor.
The January payroll job figures reveal that last month 20,000 Americans lost their jobs every day.
In addition, December’s job losses were revised up by 53,000 jobs from 524,000 to 577,000. The revision brings the two-month job loss to 1,175,000. If this keeps up, Obama’s promised three million new jobs will be wiped out by job losses. Read the rest of this entry »
Posted in Financial crisis | Tagged: Afghanistan, dollar collapse, End of empire, financial collapse, Iran, iraq withdrawal, Obama agenda | Leave a Comment »
The Fed’s bubble trouble
Posted by seumasach on January 12, 2009
Peter Schiff
13th January, 2009
A few weeks ago when the US Federal Reserve announced a strategy designed to bring down long-term interest and home mortgage rates
through unlimited Treasury bond purchases, government debt staged a spectacular rally.
To the unschooled market observer, the spike may be difficult to understand. After all, why would the value of Treasury bonds rise while their underlying credit quality is deteriorating faster than Bernie Madoff’s social schedule? The move is actually a perfect illustration of the tried and true Wall Street strategy of “buy the rumor and sell the fact”.
Read the rest of this entry »
Posted in Financial crisis | Tagged: bond bubble, dollar collapse, financial collapse | 1 Comment »
Chinese Central Bank to Test Program to Settle Trade in Yuan Rather Than Dollars
Posted by seumasach on January 11, 2009
Chinese Central Bank to Test Program to Settle Trade in Yuan Rather Than Dollars
Naked Capitalism
10th January, 2009
While it would be easy to dismiss this move by the People’s Bank of China to inch away from dollar based invoicing, the fact is that the use of other currencies for denominating trade transactions has been on the rise. We cited this Globe and Mail story back in February:
The chief executive of jewellery giant De Beers SA made waves this week when he suggested the global diamond industry consider pricing the shiny gems in a currency other than the U.S. dollar.
Posted in Palestine | Tagged: dollar collapse, Palestine | Leave a Comment »
Peter Schiff: The dollar is dropping like a stone
Posted by smeddum on December 21, 2008
Posted in Financial crisis | Tagged: dollar collapse, Peter Schiff | 1 Comment »
Federal Reserve sets stage for Weimar-style Hyperinflation
Posted by seumasach on December 17, 2008
F. William Engdahl
15th December, 2008
The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect ‘trade secrets.’ Is the secret that the US financial system is de facto bankrupt? The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010.
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Posted in Financial crisis | Tagged: dollar collapse, economic collapse, financial collapse, stop the bailout, The Great Depression | 1 Comment »
Failed CB Franchise & Gold Explosion
Posted by smeddum on November 26, 2008
Failed CB Franchise & Gold Explosion
By: Jim Willie CB, GoldenJackass.com
— Posted Wednesday, 26 November 2008 Source: GoldSeek.com
The OMEN for a powerful shift in the gold market in my playful mind was the very real earthquake on November 18 here in Costa Rica, a clear signal from the financial gods, no minor tremor, measured at 6.0 on the Richter scale. The tremor confirmed the tectonic shifts to come to the gold market without question. This was the biggest earthquake in my life, no damage at all though, roof and toys intact. Numerous stories testify in aggregate to a severe tightening of the physical market, certain to put pressure on the corrupt paper market managed by the COMEX and its parent NYMEX. Read the rest of this entry »
Posted in Financial crisis | Tagged: comex, December gold delivery, dollar collapse, hyperinflation, Jim Willie, Max Keiser | Leave a Comment »
In These New Times 