Monday, August 3, 2009

The World and Dollar

World Prepares to Dump the Dollar
Brazil and Canada Begin Dumping US Treasury Bond Debt - Our good friends the Canadians don't think our economy is going to survive. So why do you?
Abandoned US Dollar and Paradigm Shift "The foreign creditors continue to protect their core US$-denominated reserves, while clearly undermining the US$ on the margin, as alternatives are chosen."
Graduates Move Back Home
Americans Now Pariahs of Foreign Banks
Out of House and Home
The Doctrine of Preemptive Bailouts and the Biggest Bailout you Haven’t Heard About: The U.S. Treasury Plan C and the $3.5 Trillion You Will be Paying
Global Exposure in Financial Derivatives Surpasses One Quadrillion Dollars
Economist Shiller Sees 'Bad Recession,' Stocks Could Drop Again. "Shiller says that this is a dreaded "liquidity trap."
Fannie & Freddie: The most expensive bailout
Bernanke Terrified Over Commercial Real Estate, Seeks Still More Power Over Consumers
Cash-strapped states raid 911 funds
Global Exposure in Derivatives in Excess of One Quadrillion Dollars
24 Trillion Reasons to Buy Gold
Strategist: China Politely Moves Away From Dollar
US Foreclosure Crisis Spreads to New States
Awash in Nonsense (The Mogambo Guru)
John Galt: Welcome to the Eye of the Storm "Welcome to the eye of the storm. And that storm, as displayed above, is Hurricane Wilma, the most intense storm in recorded history. That storm is getting ready to move again and the most powerful part of the eyewall is about to slam into our economic fantasy land at full force."
Massive Airline Cuts as Business Travel Plunges
New Fed Role: "Super Cop" to Police Banks
No Jobs, No Insurance; Hard Times for Young Adults
Bernanke Says Jobs, Consumers are Key - According to Peter Schiff and many others, the primary flaw in Bernanke's economic policy is thinking that "credit and spending" is the foundation of the economy, when in reality, the US was built on "production and savings".
Bernanke Fights Threat by US Congress to Audit Fed

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