Strangely, this past September, the US equity market rose by about 8.8%, its best return for that month, since that same September (1939). To me the parallels are ominous. What were those people thinking back in 1939? Could a coming world war...
There is another 0.75% decline in the value of the dollar in the last couple of hours, and it is very disorderly. The dollar looks to be headed to 72, historical lows. Bernanke is clearly intending exactly that sort of thing...
As Chris Hedges wrote in June 2009, “The architects of this new global exchange realize that if they break the dollar they also break America’s military domination. US military spending cannot be sustained without this cycle of heavy borrowing.
Treasury Secretary Timothy F. Geithner warned Wednesday that the necessary rebalancing of the economy was “at risk of being undermined” by countries trying to prevent their currencies from rising in value.
Yesterday, the FT reported that France and China had been in secret talks over "heightened co-ordination of exchange rates" which is another way of saying finding alternatives to the rapidly debasing US Dollar.
There is a slow motion “run on the dollar” taking place. It is popping up in the big money centers and the small. The markets are all orderly so there is no sense of panic. But there is a non-stop movement out of dollars.
If Albert Edwards, whose latest piece rhetorically asks (and answers) "what do devaluation, high unemployment, inequality and food prices spell? C-H-A-O-S" is correct, this could be the beginning of a rapid descent in which central banks around...
The American dollar is in bad need of a makeover. Thanks to the Dollar ReDe$ign Project, we may now have some options.
Organized by creative strategy consultant Richard Smith, the Dollar ReDe$ign Project is soliciting ideas for the dollar bill of
It is unclear what is behind this flight from the dollar. Mainstream media and the financial media do not yet seem to be aware of it. Their stories tend to be focused on the BOJ's intervention more than the bigger picture. But something big may...
Fiat money allowed the US to experience boom. Fiat money produced the tech bust, the equities bust and the housing bust. Fiat money is the vehicle that is created and sponsored by the world's central banks. Fiat money will prove to be a fraud.
Yes folks, the fiat banking system illusion is starting to unravel.
The gold in Fort Knox is probably in the same place as Obama's birth certificate.
That is to say, it exists only in the aether, never seen or touched by anyone.
Rep. Ron Pa
The rumors appear to have started following reports on Aug. 28 which cited Ming Pao, a Hong Kong-based news agency, saying that because of an approximately $430 billion loss on U.S. Treasury bonds, the Chinese government may punish...
A search of the U.S. Postal Office website shows that - as of April 2008 - the relevant web page did not have any reference to SDRs. The most recent revisions to this web page were made on July 30, 2010.
"It was 80 percent credit cards before we started, but it's now about 50/50," said Kent Black. "Non-locals still tend to pay with credit cards, but we've seen a marked increase in cash payments from the local customers."
A whole boatload of fools in Washington, on seeing this terrible commodity-driven crisis unfold, with consumer prices shooting the moon, will scream for dollars to be printed—and their rationale will be perfectly reasonable, I can practically hear it
A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China.
HSBC, which recently moved its chief executive from London to Ho
None of those preferable conditions currently exist. Hence, US Treasuries are the most over-supplied, over-owned, and over-priced asset in the history of the planet! Once the debt dam breaks, it will send the dollar and bond prices cascading lower...
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