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CURRENCIES 

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CURRENCIES

Currencies
Edited by Ernest Hancock

Currency can refer to either paper such as the US dollar, or to the coins and banknotes of a particular currency, which comprise the physical aspects of a nation's money supply. The other part of a nation's money supply consists of money deposited in banks, called deposit money, ownership of which can be transferred by means of cheques and other money transfers such as credit and debit cards. Deposit money and currency are money in the sense that both are acceptable as a means of exchange, but money need not necessarily be currency.

Historically, money in the form of currency has predominated. Historically gold or silver coins of intrinsic value commensurate with the monetary unit commodity money, have been the norm. Modern currency, as fiat money, is intrinsically worthless. One type of currency over another in commodity money systems has arisen, usually when a government designates through decrees, that only particular monetary units shall be accepted in payment for taxes.

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News
Analysis: New safe-haven currencies shine amid debt fears
07-25-2010  •  Reuters 
Investors' love affair with the "other" currencies may be just beginning. The Canadian dollar, Australian dollar and Swedish crown are gaining in popularity as investors increasingly look for alternatives amid troubling outlooks for the United States 
• • •
Powell Gammill
News
Russian Gold Coins "rusting" - entire supply now suspected of debasement
07-19-2010  •  Zero Hedge 
As everyone knows from elementary chemistry courses, gold is the most inert metal in the world - it does not rust, nor corrode. Yet this is precisely what is happening to thousands of (allegedly) .999 pure "St. George" coins.  
1 • • • •
Chip Saunders
News
Cheap change - Canada ponders punking the penny. Will the US kill its copper colored coin ?
07-16-2010  •  The Toronto Star 
Canadian Mint has talked to officials in both Australia and New Zealand — two countries that have axed the one-cent coins — to learn about their experience in a penny-free society. 
• • •
Chip Saunders
News
Chinese Treasury Dump Brings Its Total Holdings To One Year Low
07-16-2010  •  ZeroHedge.com 
China dumped $33 billion in Treasuries, bringing its total to the lowest since June 2009. Furthermore, Japan also offloaded $8.8 billion in bonds, as did the Oil Exporters.  
• • •
Jack Gregson
News
Collapse of the US Dollar and Whats Next 7-12-2010
07/12/2010  •  godlikeproductions.com 
Greg McCoach talks about the imminent collapse of the US Dollar and what comes next. 
• • •
Phennommennonn Glp
News
Morgan Stanley: Central Banks Have Begun Ditching The Dollar Again...
07-09-2010  •  Businessinsider.com/  
Central banks have resumed their diversification away from the U.S. dollar, cutting the percentage of reserve assets held in dollars, as shown by the dark blue line in the chart below.  
• • •
Jack Gregson
News
Scrap dollar as sole reserve currency: U.N. report
06-30-2010  •  Reuters.com/ 
The report said a new reserve system "must not be based on a single currency or even multiple national currencies but instead, should permit the emission of international liquidity - such as SDRs - to create a more stable global financial system."  
• • •
Jack Gregson
News
Wall Street: The Tortoise vs. The Hares - the tortise is laughing
06-30-2010  •  Yahoo Finance 
Slow and steady wins the race. And I mean really slow — and really steady. Allmon's achievement is foreign to the great bulk of investors whose investment attention span is measured in months, if not weeks or days. 
• • •
Chip Saunders
News
Currency Wars: Jim Rickards on Financial Warfare
06-29-2010  •  JessesCrossRoadsCafe.blogspot.com/ 
The intention of Central Bank of Russia would be to cause a 50 percent overnight devaluation of the U.S. dollar and displace the U.S. dollar as the leading global reserve currency. The expected market value of gold resulting from this... 
• • •
Jack Gregson
News
Bruce Krasting: The G20 and the Dollar
06-26-2010  •  ZeroHedge.com 
Obama and Geithner will be pushing for a growth package. It is likely that some of the other countries are going to give the US a thumbs down. America is going to be the only major country left that is continuing down the path of fiscal insanity. 
• • •
Jack Gregson
News
Central Banking in Crisis: Twenty Countries on the Verge of Insolvency
06-24-2010  •  Blacklistednews.com/ 
It is this concept of interconnectivity that as the players are finding out it is a disaster. How can solvent European countries even contemplate a $2 trillion bailout for nations that really do not care if the debt is ever paid off?  
• • •
Jack Gregson
News
Disaster Alert: House of Representatives Will Not Pass A Budget In 2010
06-22-2010  •  ZeroHedge.com 
House Democrat leader Steny Hoyer will today announce that the US will not pass a budget in 2010 as “It isn’t possible to debate and pass a realistic, long-term budget until we’ve considered the bipartisan commission’s deficit-reduction plan... 
• • •
Jack Gregson
News
Council on Foreign Relations: U.S. Dollar and Debt Structure at Tipping Point
06-21-2010  •  EconomicPolicyJournal.com 
Francis E. Warnock argues, that the United States was at the tipping point in 2009 of a collapse of its bond market, but was saved, ironically enough, by the Greek financial crisis, which caused a flight into the U.S. Treasury market. 
• • •
Jack Gregson
LRN Declare Your Independence
News
China Officially Disses the Dollar (and Treasury Debt)
06-19-2010  •  EconomicPolicyJournal.com 
The Peoples Bank of China has announced that it will no longer fix its currency in terms of the dollar. Instead it will manage the yuan against a basket of currencies. 
• • •
Jack Gregson
News
US Dollar: The Mother of All Bubbles
06-17-2010  •  JessesCrossRoadsCafe.blogspot.com/ 
When the artificial conditions are removed the valuation of the bubble 'reverts to the mean, ' a more normal valuation based on the fundamentals, unadjusted and undistorted supply and demand. An asset bubble often involves a fraudulent design... 
• • •
Jack Gregson
News
Dollar Spikes - 1933 and Today: Depression Anyone
06-07-2010  •  Businessinsider.com/ 
In his latest note on comparisons between the current state of the economy and the Great Depression, Martin Armstrong provides a nice look at the dollar index between 1900-1950.  
• • •
Jack Gregson
News
On The Trail Of Europe's "Mysterious" $2.6 Trillion In Toxic Debt
06-05-2010  •  ZeroHedge.com 
It is all too well known that France and Germany will go bust overnight if PIIGS debt is allowed to be marked even halfway to market pro forma for governmental bailouts, on the banks' balance sheets. Throw in Austria and Italy if the Hungarian crisis 
• • •
Jack Gregson
News
Euro Falls Hard: Everyone Freaks Out About Hungary And SocGen
06-04-2010  •  Businessinsider.com/ 
We may break $1.20 on the euro today, which would be huge. The big twin fears: Hungary and SocGen. Futures are off about 1%. France is getting hammered.  
• • •
Jack Gregson
News
Man cashes US Postal money order at Post Office; gets paid in funny money; P.O. says "Oh well..
05-30-2010  •  L.A. Times 
A business inadvertently gives you counterfeit money — are you stuck with it? In most cases, yes. But what if that business happens to be a branch of the federal government? 
• • •
Chip Saunders
News
Dollar Primed for Collapse by End of June?
05-26-2010  •  CNBC.com 
This is not a true parabolic curve because as the trend accelerates the curve changes shape until it becomes vertical. It’s the vertical section of the curve which is most useful because it provides a exact date when the trend will inevitably collaps 
• • •
Jack Gregson
News
24 Predictions For The Rest Of 2010
05-25-2010  •  Rense.com 
July and onward things get very strange. Revolution. Dollar dead by November 2010. 
1 • • • •
Jack Gregson
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News
A Must See Interview: Eric Sprott On Financial Farcism
05-24-2010  •  ZeroHedge.com 
A must watch two part interview of Eric Sprott by BNN, in which the Canadian asset manager shares his views on the economy, financial markets, sovereign overleverage, industrial commodities, and, of course, gold.  
• • •
Jack Gregson
News
How Safe Are US Treasuries, Really?
05-24-2010  •  Businessinsider.com/ 
The prices of Bonds, particularly the longer term Bonds (10, 20, 30 years), are rather sensitive to changes in interest rates. Unless you hold a Bond to maturity, its price can fluctuate rendering your investment not all that risk-free after all.  
• • •
Jack Gregson
News
Volcker: The Euro Is On The Brink Of Extinction
05-14-2010  •  Businessinsider.com/ 
The Eurozone may be forced to undergo severe economic and political adjustments in order to manage a currency system they're stuck with. Many Europeans are suddenly realizing that they had no idea what they were agreeing to when they joined...  
• • •
Jack Gregson
News
Joe Saluzzi "It's gonna crumble" - Jim Rogers "Nail in the coffin for the euro'
05-12-2010  •  ZeroHedge.com 
The time when we could have done something to fix the system is now long gone, courtesy of the administration's waffling for the past two years as instead of getting to the root cause of the last and future crash, it was focused on bailing out bankru 
• • •
Jack Gregson
News
Europe: Is Shock and Awe a Blazing Bluff?
05-11-2010  •  GlobalEconomicAnalysis.blogspot.com 
Already the Euro has given up 100% of its gains. Round trip currency moves of 3% each way, from 1.27 to 1.31 and back, in just over a day are not the norm to say the least. This could get very interesting soon enough. 
• • •
Jack Gregson
News
Ron Paul on the Euro Bailout by the Federal Reserve: Inflation is Coming
05-10-2010  •  YouTube 
This is a short interview of Ron Paul by Stewart Varney of Fox News. 
• • •
Jack Gregson
News
Euro Bailout Consequences: It's One of Three Doors
05-10-2010  •  ZeroHedge.com 
-The second is that that the market will see through the charade of debt that is again unfolding and by week’s end we will have retraced most of this morning’s moves. That is a scary outcome. There is no round two on this bailout. This is it. 
• • •
Jack Gregson
News
Disemboweling The Logic Behind Europe's Bailout Fund
05-10-2010  •  Businessinsider.com/ 
"Money is printed or created and thrown at people to actually cover their insolvency with waves of free money and waves of liquidity that we end up with fiat currencies being completely devalued in the eyes of people and gold at $7,000 an ounce...  
• • •
Jack Gregson
News
Eurozone: Fed secret off-balance sheet €400 billion funding vehicle
05-09-2010  •  Market-ticker.denninger.net/ 
With what authority does Bernanke effectively appropriate? Was there an appropriation bill that I seem to have missed by Congress? Or has Bernanke, once again, decided on a unitary basis to entirely ignore the US Constitution? 
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Jack Gregson
LRN Declare Your Independence
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Page 1 of 7
Top  •  Back  •  1  •  2  •  3  •  4  •  5  •  6  •  7  •  Down  •  End
Headlines: Analysis: New safe-haven currencies shine amid debt fears -- Russian Gold Coins "rusting" - entire supply now suspected of debasement -- Cheap change - Canada ponders punking the penny. Will the US kill its copper colored coin ? -- Chinese Treasury Dump Brings Its Total Holdings To One Year Low -- Collapse of the US Dollar and Whats Next 7-12-2010 -- Morgan Stanley: Central Banks Have Begun Ditching The Dollar Again... -- Scrap dollar as sole reserve currency: U.N. report -- Wall Street: The Tortoise vs. The Hares - the tortise is laughing -- Currency Wars: Jim Rickards on Financial Warfare -- Bruce Krasting: The G20 and the Dollar -- Central Banking in Crisis: Twenty Countries on the Verge of Insolvency -- Disaster Alert: House of Representatives Will Not Pass A Budget In 2010 -- Council on Foreign Relations: U.S. Dollar and Debt Structure at Tipping Point -- China Officially Disses the Dollar (and Treasury Debt) -- US Dollar: The Mother of All Bubbles -- Dollar Spikes - 1933 and Today: Depression Anyone -- On The Trail Of Europe's "Mysterious" $2.6 Trillion In Toxic Debt -- Euro Falls Hard: Everyone Freaks Out About Hungary And SocGen -- Man cashes US Postal money order at Post Office; gets paid in funny money; P.O. says "Oh well.. -- Dollar Primed for Collapse by End of June? -- 24 Predictions For The Rest Of 2010 -- A Must See Interview: Eric Sprott On Financial Farcism -- How Safe Are US Treasuries, Really? -- Volcker: The Euro Is On The Brink Of Extinction -- Joe Saluzzi "It's gonna crumble" - Jim Rogers "Nail in the coffin for the euro' -- Europe: Is Shock and Awe a Blazing Bluff? -- Ron Paul on the Euro Bailout by the Federal Reserve: Inflation is Coming -- Euro Bailout Consequences: It's One of Three Doors -- Disemboweling The Logic Behind Europe's Bailout Fund -- Eurozone: Fed secret off-balance sheet €400 billion funding vehicle --
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