Posted by smeddum on November 24, 2008
With an estimated $4 trillion in housing wealth and $9 trillion in stock-market wealth destroyed so far in the United States, there is little doubt that we are witnessing a classic debt-deflation bust at work, characterized by falling prices, frozen credit markets and plummeting asset values. Read the rest of this entry »
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Posted by smeddum on November 24, 2008
Recession’s Grip Forces U.S. to Flood World With More Dollars
By Rich Miller
Nov. 24 (Bloomberg) — The world needs more dollars. The United States is preparing to provide them.
In an all-out assault on capitalism’s worst crisis since the Great Depression, the U.S. is taking on the role of both lender and borrower of last resort for the global economy.
The Federal Reserve, which has already pumped out hundreds of billions of dollars, might formally adopt a policy of flooding the world financial system with even more money. The Treasury, on course to borrow some $1.5 trillion this fiscal year, may tap global capital markets for even more to finance a fiscal stimulus package of as much as $700 billion and provide additional bailout money for banks. Read the rest of this entry »
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Posted by smeddum on November 24, 2008
Posted in Financial crisis | Tagged: dollar collapse, economic collapse, Peter Schiff | Leave a Comment »
Posted by smeddum on November 21, 2008
THURSDAY, NOVEMBER 20, 2008 Marketskeptics
China’s Incentives For Abandoning The Dollar
by Eric deCarbonnel
About a week ago, Peter Schiff wrote an article making a very good point about China’s $600 billion economic stimulus package. He rightly suggests that China would be wise to fund such spending through the sale of US treasuries:
China’s Stimulus Spells Trouble for U.S. Read the rest of this entry »
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Posted by smeddum on November 11, 2008
Posted in Uncategorized | Tagged: dollar collapse, parody | 2 Comments »
Posted by smeddum on October 30, 2008
Why Gold Might Soar Over the Next Four Weeks
By Patrick A. Heller, Market Update
October 28, 2008 Numismaster
Whether or not you acknowledge past efforts by the U.S. government with other governments, central banks and private trading partners to suppress the gold spot price, events coming to pass in the next four weeks could create overwhelming pressure causing much higher gold prices.
Last Friday, the Taiwan government announced that it had completely liquidated its holdings of Fannie Mae, Freddie Mac and Ginnie Mae bonds. If a long-time ally of the United States is willing to admit that it is bailing out of dollar-denominated debt, will other nations continue to show restraint? Read the rest of this entry »
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Posted by smeddum on October 29, 2008
Economic Deflation in Gold Terms and the U.S. Dollar Collapse
Economics / Deflation
Oct 29, 2008 – 06:44 AM
By: Eric_deCarbonnel Market Oracle
We have finally gotten to the point where most investors and the media understand the severity of the credit crisis and are expecting deflation. It is a good start, but unfortunately, it still isn’t quite right. Read the rest of this entry »
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Posted by smeddum on October 29, 2008
Russia
PM Putin suggests Russia, China ditch dollar in trade deals
15:23 | 28/ 10/ 2008 Novosti
MOSCOW, October 28 (RIA Novosti) – Russian Prime Minister Vladimir Putin proposed on Tuesday that Russia and China gradually switch over to national currency payments in bilateral trade, expected to total $50 billion in 2008. Read the rest of this entry »
Posted in Uncategorized | Tagged: dollar collapse, Russia China co-operation | Leave a Comment »
Posted by smeddum on October 27, 2008
Exploding Debt Dynamics: Argentina and the U.S. Dollar’s Fate
Currencies / US Dollar
Oct 24, 2008 – 05:19 PM
By: Justice_Litle Market Oracle
Whither the dollar and gold? To answer that long-awaited inquiry – which will take some time to cover in full – let’s start by getting a handle on “exploding debt dynamics.” Cartoonish as it sounds, it’s a real term that IMF economists use. Read the rest of this entry »
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Posted by smeddum on October 24, 2008
Posted in Uncategorized | Tagged: dollar collapse, dollar rally, Financial crisis | Leave a Comment »
Posted by smeddum on October 24, 2008
The U.S. Dollar Death Dance
Currencies / US Dollar
Oct 23, 2008 – 03:32 PM
By: Jim_Willie_CB MarketOracle
The US Dollar rally in the last several weeks has been remarkable. At closer examination, it highly resembles a spurt prior to death. Imagine an old man who just had a heart attack, lost feeling in certain body parts, his mind not working right, plenty of nonsense gibberish coming from his mouth, and now he is dancing hard on some last gasps. The vast liquidation movement is akin to the old man going through an embalming process while dancing atop the tables at the funeral parlor, as bidding proceeds for his cadaver. Read the rest of this entry »
Posted in Financial crisis | Tagged: dollar collapse, dollar rally | 1 Comment »
In These New Times 