Europe wants new global financial order Novosti
16:14 | 21/ 10/ 2008
MOSCOW. (RIA Novosti political commentator Andrei Fedyashin) – America is losing Bretton Woods, the global financial system formed at the UN Monetary and Financial Conference, commonly known as the Bretton Woods conference.
In July 1944, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel, in Bretton Woods, New Hampshire, to regulate the international monetary and financial order after the conclusion of WWII. Read the rest of this entry »
Don’t Bet On the Dollar’s Rally Lasting Much Longer
By: Graham Summers Tuesday, October 21, 2008 8:59 AM istockanalyst
This dollar rally is just about done.
As I’m sure you’re aware, starting in July, the dollar began its biggest rally in years. Seeing this, the talking heads got jiggy and started proclaiming that the currency had entered a bull market.
US Dollar Doomed as Credit Crisis Turning into a Currency Crisis
Currencies / US Dollar
Oct 03, 2008 – 02:18 PM
By: Jennifer_Barry Market oracle
When the precious metals were smashed out of nowhere and the dollar started climbing this summer I became very worried. I didn’t question my conviction that commodities are in a bull market, or that precious metals in particular are undervalued. I felt something sinister was at work. Neither move was justified on a fundamental level. I assumed that something very bad was about to happen and the metals needed to be brought lower in advance of the bad news. Read the rest of this entry »
I see Johnny with his head hanging down
Wondering how many schillings left in that pound
Cost of living it is rising so high
Dollar see that have heart attack and die Read the rest of this entry »
FOREX-US dollar falls vs euro as bailout bill approved
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NEW YORK, Oct 3 (Reuters) – The U.S. dollar fell versus the euro on Friday after the U.S. House of Representatives passed a bill to help the U.S. financial system. Read the rest of this entry »
Dollar Intervention Risk `Meaningful’ on Volatility (Update2)
By Ye Xie
Sept. 29 (Bloomberg) — A growing number of currency traders and strategists are starting to speculate that finance ministers from the world’s biggest economies will join to support the dollar. Read the rest of this entry »
Larry Edelson takes a closer look at the U.S. dollar and the reasons why it is headed for a meltdown. In this issue of Money and Markets, Mr. Edelson explains further why the rocky economy has affected the value of the dollar.
Jupiter, Fla. (PRWEB) July 19, 2008 — Larry Edelson takes a closer look at the U.S. dollar and the reasons why it is headed for a meltdown. Mr. Edelson explains further why the rocky economy has affected the value of the dollar. Read the rest of this entry »
Despite Riamondo’s endorsement of the oxymoronic puritanical capitalism known as ‘libertarianism’, this article is a biting critique of the War party
The idea that warfare helps the economy is a prime example of Bizarro logic, which has pervaded our collective consciousness since the 9/11 terrorist attacks, ideological fallout from the explosion of national hysteria that followed. In Bizarro World, as we all know, the laws of nature and logic are inverted, so that up is down, freedom is slavery, and ignorance is strength. In the post-9/11 era, as I have often pointed out, we have finally arrived in a world where two plus two can and indeed often does equal five – if it suits the purposes of the War Party to deem it so. Read the rest of this entry »
DO DEFICITS MATTER? Just as English missionaries were proof-reading the first-ever Bible written in Chinese, the British Empire found itself with a trickier kind of translation problem altogether.
Exporting the English language to China – and a little Protestant godliness besides – was proving much easier than exporting British-made goods during the early 19th century.
Bond fund has made money by betting against the dollar (APP.com)
BY SREE VIDYA • BHAKTAVATSALAM • BLOOMBERG NEWS SERVICE • JUNE 22, 2008
Axel Merk, the top-ranked world bond-fund manager thanks to his three-year bet against the U.S. dollar, said the currency’s weakness will persist for as long as a decade despite government efforts to prop it up. Read the rest of this entry »
In These New Times 