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The man who leads one of China’s top rating agencies says the greenback’s status as the world’s reserve currency is set to wane as the world’s most powerful policy makers convene to examine the implication of S&P’s decision to strip the United States
Farmers market freak out for attempting to "purchase" oranges with a 1946 dime
...Fast forward to today. Mubarak. Gaddafi. Khalifa. Al Said. Ben Ali. Etc. There is no shortage of turmoil right now… yet we are seeing the dollar get clobbered while gold, silver, and smaller currencies like the Swiss franc rise. This represents a
This is a rather long-winded and dry analysis, but the summation near the end is rather informative, and not nice.
In February, Obama signed an executive order to create the National Commission on Fiscal Responsibility and reform, with proposed recommendations designed to balance the budget excluding interest payments on the debt by 2015. By signing this order, O
In NIA’s top 10 predictions for 2010 article that was released on December 21′st, NIA said the U.S. dollar was overdue for a short term bounce from a technical standpoint because more people had become bearish on the dollar than ever before. NI
Historically, one of the best performing periods for precious metals has been when the federal reserve begins to raise artificially low interest rates. While investors initially expect rising interest rates to be bad for precious metals they forget t
They sure sounded sincere on election night, Republicans did, about having found religion. Serial apologies from the winners about how they went astray last time they were in the big city of Majorityville. Over and over we were told by party leaders
Perhaps it’s because the daylight lingers, but the season seems especially revealing of the madness of those who have the nation staring into the abyss of bankruptcy. Among the summer’s disclosures is news that the monetary authorities have topped th
Podcast with Charles Goyette on Lew Rockwell Show
Dec. 23 (Bloomberg) -- Canada’s Finance Minister Jim Flaherty said China, with the world’s largest currency reserves of $2.3 trillion, may be poised to buy Canadian dollars as it seeks to shield its reserves against the U.S. dollar’s decline. “It
The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate.
Bank of Israel Governor Stanley Fischer said on Thursday the worl has to accept a weaker US dollar in order to ensure the global economy recovers soundly. (He also says he against buying gold as well. What a shock)
Societe Generale(France) has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
A weak dollar means the U.S. can liquefy its debts and boost exports but, in the long term, the dollar’s demise does not help the U.S. one bit and the world may well be stuck with it.
"The fiscal position of the US is a complete disaster. Eventually in ten years time about 50% of tax revenues will be used to just cover the interest payments on the government debt and that is unsustainable. Then you are forced to print money... As
You Tube Description...The writing is on the wall, my friends. If you havent invested in gold & silver yet, you may want to consider doing so. In Peter Shiffs own words, "Get out of the US dollar." Could this be related to the webbot prediction? Time
This is the scariest image in finance:
