Posts Tagged ‘dollar collapse’
Posted by seumasach on March 26, 2013
It’s either the banks or the real economy and Europe has just outlined a new approach completely divergent from that of the Anglosphere. In US/UK the survival of the banks is a categorical imperative and the means to achieve this is bailout without end via QE or money-printing. This statement from Europe signals that the banks are to allowed to go under or rather, implicitly, a new banking system, Euroland regulated and subordinate to general economic development is to created. This is a welcome development and any Anglo-Saxon schadenfreude regarding the inevitable pain accompanying it will prove to be misplaced. The QE approach is painless only to the banks: it has already seriously depleted deposits and can only lead to falls in both the pound and the dollar with devastating consequences for economies based on importing essential goods.
Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief
Telegraph
25th March, 2013
The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.
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Posted in Battle for Europe, Financial crisis, UK economy | Tagged: bankrupt Britain, dollar collapse, failing banks, stop the bailout | Leave a Comment »
Posted by seumasach on March 2, 2013
Paul Craig Roberts
Institute for Political Economy
1st March, 2013
Officially, since June 2009 the US economy has been undergoing an economic recovery from the December 2007 recession. But where is this recovery? I cannot find it, and neither can millions of unemployed Americans.
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Posted in Financial crisis | Tagged: dollar collapse, End of empire, no more bombing!-no more bailouts!, stop the bailout | Leave a Comment »
Posted by seumasach on February 18, 2013
Peter Schiff
Money Morning
11th February, 2013
The financial world was shocked this month by a demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad.
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Posted in Financial crisis | Tagged: dollar collapse, End of empire | Leave a Comment »
Posted by seumasach on January 10, 2013
CNBC
8th January, 2013
Brighter economic prospects, diminishing fears about a U.S. fiscal crisis and the idea that the beginning of the end is in sight for a period of ultra-easy monetary policy have sent government bond yields racing higher at the start of the year.
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Posted in Financial crisis | Tagged: bond bubble, dollar collapse | Leave a Comment »
Posted by seumasach on January 6, 2013
Why We’re Ungovernable, Part 6: Here Comes the Debt Ceiling
Dollar Collapse
5th January, 2013
The fiscal cliff was always going to end with a whimper because that was the obvious path of least resistance. In the end, simply avoiding big tax increases and spending cuts while adding a few more trillion to the coming decade’s deficit was rewarded by the markets with a huge rally. Everybody went home happy, or at least still in possession of their political office.
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Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
Posted by seumasach on December 13, 2012
Conscience-Sociale
5th December, 2012
Depuis 2008, Conscience Sociale suit au quotidien les évolutions du marché des Bons du Trésor américain, et publie régulièrement des notes sur ce sujet. Cet intérêt est justifié par le fait que ces Bons du Trésor sont la forme la plus concrète et la plus fondamentale de l’influence mondiale des Etats-Unis. Tout ce qui reste aujourd’hui de la puissance des U.S. réside uniquement dans la capacité de son gouvernement à émettre de nouvelles dettes, qui servent en grande partie à entretenir le budget de la Défense, donc directement l’influence géostratégique mondiale des U.S. Les dettes étant très majoritairement émises sous forme de Bons du Trésor, ces derniers constituent le pilier du “mur dollar” dans le système monétaire mondial actuel.
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Posted in Financial crisis | Tagged: dollar collapse, QE3 | Leave a Comment »
Posted by seumasach on December 3, 2012
Paul Craig Roberts
Global Research
2nd December, 2012
Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used.
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Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
Posted by seumasach on November 26, 2012
Spengler
Asia Times
27th November, 2012
It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week. I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations, comprising half the world’s population, would form a Regional Comprehensive Economic Partnership excluding the United States.
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Posted in Multipolar world | Tagged: Asian pivot, dollar collapse, End of empire, Obama agenda | Leave a Comment »
Posted by seumasach on November 20, 2012
Prof. Michel Chossudovsky
Global Research
11th November, 2012
There is evidence that central banks in several regions of the World are building up their gold reserves. What is published are the official purchases.
A large part of these Central Bank purchases of gold bullion are not disclosed. They are undertaken through third party contracting companies, with utmost discretion.
US dollar holdings and US dollar denominated debt instruments are in effect being traded in for gold, which in turn puts pressure on the US dollar.
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Posted in Currency Wars | Tagged: dollar collapse | Leave a Comment »
Posted by seumasach on October 27, 2012
Dollar Collapse
25th October, 2012
The Eurozone meltdown has sent capital pouring into (temporarily) safe haven currencies like the US dollar, which rose by nearly 12% between October 2011 and August 2012.
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Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire | Leave a Comment »
Posted by seumasach on September 4, 2012
Telegraph
3rd September, 2012
Mr Rogers, who co-founded the Quantum Fund with George Soros, believes that America’s central bank is secretly printing money to avoid “getting egg on their face again” after previous attempts to kickstart the faltering economy with $2 trillion of QE failed.
“I do not know if they [the Fed] will announce it,” he told India’sEconomic Times. “I know they are going to print more money. They already are. If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming from the tooth fairy.
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Posted in Uncategorized | Tagged: dollar collapse, End of empire, QE3 | Leave a Comment »
In These New Times 