Posts Tagged ‘dollar collapse’
John Williams of Shadow Stats “This is end of the world type stuff”
Posted by seumasach on February 12, 2012
Posted in Uncategorized | Tagged: dollar collapse, End of empire, financial collapse, hyperinflation, hyperinflationary depression, john williams shadow stats, shadowstats.com | Leave a Comment »
Webster Tarpley in Iran: “US wages wars to avoid dollar collapse”
Posted by seumasach on February 9, 2012
Posted in Iran | Tagged: dollar collapse, End of empire, Obama agenda, Russian diplomacy | Leave a Comment »
Ben Warns More Helicopter Drops May Be Necessary
Posted by seumasach on February 2, 2012
Watch out everyone- we’re in for “a period of balance-sheet adjustment”
2nd February, 2012
In a surprisingly (but also refreshingly) candid admission, Fed Chairman Bernanke declared last night that another round of quantitative easing may well be necessary to alleviate “high and persistent unemployment in an underperforming economy”. With inflation still low and Europe a potential drag on the economy, the Fed Chairman clearly feels that more asset purchases are a risk worth taking if it helps the recovery become more self-sustaining.
Posted in Battle for Europe, UK economy | Tagged: bankrupt Britain, dollar collapse, QE3 | Leave a Comment »
John Williams – Accelerating great collapse & hyperinflation
Posted by seumasach on January 27, 2012
27th January, 2012
kingworldnews.com
John Williams, of Shadowstats, just issued the following warning and King World News wanted to pass it along to our global readers: “The U.S. economic and systemic-solvency crises of the last five years continue to deteriorate. Yet they remain just the precursors to the coming Great Collapse: a hyperinflationary great depression. The unfolding circumstance will encompass a complete loss in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system, as we know it; and a likely realignment of the U.S. political environment.”
Posted in Financial crisis | Tagged: dollar collapse, End of empire, failing banks, financial collapse, QE3 | Leave a Comment »
Why isn’t Illinois a bigger story than Greece?
Posted by seumasach on January 25, 2012
John Rubino
22nd January, 2012
As the Greek default (and it is a default no matter what they end up calling it) is finalized this week, the consensus seems to be that failure to reach a deal would cause a global financial apocalypse.
Posted in Financial crisis | Tagged: bankrupt Illinois, dollar collapse, End of empire | Leave a Comment »
Iran, Russia replace dollar with national currencies in trade exchanges
Posted by seumasach on January 9, 2012
7th January, 2011
TEHRAN (FNA)- Iran and Russia have replaced US Dollar with their own currencies in their trade ties, a senior Iranian diplomat announced on Saturday.
Speaking to FNA, Tehran’s Ambassador to Moscow Seyed Reza Sajjadi said that the proposal for replacing US Dollar with Ruble and Rial was raised by Russian President Dmitry Medvedev in a meeting with his Iranian counterpart Mahmoud Ahmadinejad in Astana on the sidelines of the Shanghai Cooperation Organization (SCO) meeting.
Posted in Currency Wars, Iran | Tagged: dollar collapse | Leave a Comment »
Fund manager: US Treasurys not worth the risk
Posted by seumasach on January 8, 2012
27th November, 2011
NEW YORK—The world’s bond buyers have turned on Europe’s deeply indebted governments and fled to another deeply indebted government across the Atlantic — the U.S. As a result, U.S borrowing costs have plunged to historic lows while rising rates in Europe have many worried about a catastrophic financial crisis.
Posted in Battle for Europe, Currency Wars, Financial crisis | Tagged: dollar collapse | Leave a Comment »
Wall street: secret government outed
Posted by seumasach on December 7, 2011
Les Leopold
6th December, 2011
We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News, the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed transactions that were deliberately hidden, and for good reason. [1]
Posted in Financial crisis | Tagged: dollar collapse, End of empire | Leave a Comment »
China has reduced its holdings of US debt to their lowest level in a year.
Posted by seumasach on November 19, 2011
Britain continues to provide sterling service to the motherland by selflessly purchasing potentially worthless US government bonds. Meanwhile China goes cold on holding more worthless paper. With the “supercommittee” certain to fail the temporary respite provided by the great euroscare looks set to end and reality will kick in for the superbankrupt US economy.
20th October, 2011
China has reduced its holdings of US debt to their lowest level in a year.
China sold $US36.5 billion in US Treasuries or bonds to cut its holding to $US1137 billion in August, according to data from the US Treasury department.
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire | Leave a Comment »
USTBonds: the monster spleen
Posted by seumasach on October 5, 2011
Jim Willie
4th October, 2011
The USTreasury Bond rally over the last few months has been celebrated. Some call it a contradiction of the Standard & Poors debt downgrade of USGovt debt. Some hail the rally as proof that the USDollar remains respected as global reserve currency. Some regard it as a sign of bond market health in general. Some claim the US remains the safe haven. These are all errant views to the extreme, comments from cheer leaders to a system in deep deterioration, distractions from reality. The United States is stuck in a powerful recession, its huge federal deficits set to expand further, the fiscal austerity to be sacrificed, the turmoil in Europe rendering the US panorama more alluring and cute. The USTBond is in strong rally mode because theUnited States is in the process of systemic failure, leading ultimately to some form of official debt default. The Greek Govt Bond yield rises from its fractured insolvent ruined status. The USTreasury Bond yield falls from its fractured insolvent ruined status also. It is a Black Hole, attracting funds from productive chambers of the USEconomy and pulling them into the dark place loaded with deficits, defaulted debts, and decay of capital. Let us not celebrate the USTBond rally. Instead, work to end it before the expanding spleen removes all the blood from the body economic. The organ serves as a reservoir, whose size must be contained. Unfortunately, important factors prevent the bond rally from doing anything but consuming the entire nation and confiscating its wealth.
Posted in Financial crisis | Tagged: bond bubble, dollar collapse, Goldman Sachs, USTBs | Leave a Comment »
In These New Times 