Posts Tagged ‘dollar’

The tipping point has arrived

Thursday, October 28th, 2010

Full story here from ZeroHedge.

The Tipping Point has Arrived

Our age is retrospective.  It builds the sepulchres of the fathers.  It writes biographies, histories, and criticism.  The foregoing generations beheld God and nature face to face; we, through their eyes.  Why should not we also enjoy an original relation to the universe?  Why should not we have the a poetry and philosophy of insight and not of tradition, and a religion by revelation to us, and not the history of theirs?  Embosomed for a season in nature, whose floods of life stream around and through us, and invite us, by the powers they supply, to action proportioned to nature, why should we grope among the dry bones of the past, or put the living generation into masquerade out of its faded wardrobe?  The sun shines today also.  There is more wool and flax in the fields.  There are new lands, new men, new thoughts.  Let us demand out own works and laws and worship.

- Ralph Waldo Emerson, Nature (more…)

Gold and Silver Breakout and Consolidation, China’s Greek Dollar Swap Window to Dump Treasuries

Thursday, October 21st, 2010

Full story here from Jim Willie. Sorry for the lack of posts. Your gentle blogger was laid up in hospital for a while (man, those nurses really know how to party tho). But now I’m back on my backside, ready to flame the evil and the idiotic.

The Chinese are clever people. Their leaders play a good game of chess in the global scramble for commodity supply and financial dominance. Their patient strategy has tied the arms & legs of the USGovt, using their own debt securities as the binding rope. The accumulate almost reached a staggering $1000 billion, the ugly fruit of the Low-Cost Solution to invest in China from a decade ago. (more…)

The US has launched a new financial world war

Monday, October 11th, 2010

Full story here from Michael Hudson via CounterPunch.

What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1 per cent interest cost? This is the game that is being played today. (more…)

Basel III: The Global Banks at The Edge of The Precipice

Tuesday, September 21st, 2010

Full story here from Global Research. Musical homage here, here, and here.

The Global Too Big To Fail Banks are so precarious that literally anything can trigger a collapse in the coming months.

I have read recent commentaries on Basel III posted to various renowned websites and financial publication, but they missed (or deliberately misled) the underlying message of the proposals, the implementation of which will be delayed till 2017 and some till 2019.

Basel III is pure spin and its timing was to assuage the deep-seated fears that there are no solutions in sight to save the fiat money system and fractional reserve banking. (more…)

USDCHF In Free Fall, Approaches Parity As Hungary Cries Uncle

Wednesday, September 1st, 2010

Full story here from ZeroHedge.

Another ridiculous market reaction following the ADP read today, when the AUDJPY initially dropped, only to see every deranged Japanese housewife, and anyone else with an FX account plough into it taking full advantage of 50x+ leverage to spook remaining weak short hands out. The catalyst: good news is good news, bad news is better news, as, just like Bank of America which just threw in the towel (more in a post momentarily), any incremental economic snapshot now means either more QE by the Fed or more QE by the Fed (and other CBs). (more…)

Warning Global Fiat Currency Financial System Collapse By Early 2011

Wednesday, September 1st, 2010

Full story here from Market Oracle. But you may ask: “Why are you trying to bum us out on a total rally day?”  It could go Dow 36,000 but fail to address ANY of the pressing issues of crumbling infrastructure, unemployment or financial onanism that we find ourselves mired in today.

Readers of my articles will recall that I have warned as far back as December 2006, that the global banks will collapse when the Financial Tsunami hits the global economy in 2007. And as they say, the rest is history. (more…)

US Postal service quotes prices in SDRs?

Friday, August 27th, 2010

Full story here from G.Washington at ZeroHedge.

(http://pe.usps.com/text/imm/immc3_007.htm for the conversion chart)

I have repeatedly pointed out that it is possible that the IMF’s special drawing rights (SDRs) will become the world’s reserve currency. (more…)

Citi Says QE2 Would Be End-Game For The USD

Thursday, August 26th, 2010

Full story here from ZeroHedge. Wow, Citi speaks a word of truth. Next up, a rain of frogs, followed by dogs and cats living together.

These are not the hyperbolic ramblings of various fringe blogs who have been claiming this for over a year, these are the non-hyperbolic ruminations of Steven Englander, until recently head FX strategist at Barclays, and recently at Citi:”A second round of QE will likely put sharp downward pressure on the USD, to some degree versus the euro and other G10 currencies, with potential for a broader USD sell-off. (more…)

Our economy is an insane asylum run by lunatics

Wednesday, August 25th, 2010

Full story here from ZeroHedge.

Common Sense: No problem can be fixed before a solution is formed. No solution can be formed until the underlying problems are clearly identified.

The officials in charge of fixing the economy have not articulated the underlying problems. Worse, many of these officials – directly or indirectly – created or contributed the underlying problems. (more…)

Paradigm shift in the financial system

Thursday, August 5th, 2010

Full story here from Jim Willie.

A theme of frequent mention has been the Paradigm Shift in the financial world. It refers more specifically to the global shift away from a USDollar-centric alignment. The major industrialized nations of the world, along with major energy producers, struggle to develop a monetary and commercial system that is not based upon the crippled fraudulent bloated USDollar. The challenge is daunting, since expertise on financial structures, even in an honest legitimate fashion, is somewhat lacking outside the Anglo world. Changes indeed come. (more…)