”It Has Got All the Hallmarks of a Financial Collapse about to Happen in America …The US Dollar Is Almost Becoming like Junk Bonds”
24/10/2009 § Leave a comment
Far from turning around the [George] Bush legacy of deficits and debt, [US president Barack] Obama has made it worse. It has got all the hallmarks of a financial collapse about to happen in America…
The US dollar is almost becoming like junk bonds.
18/10/2009 § Leave a comment
TEHRAN — The Trade Promotion Organization of Iran (TPOI) announced this week that it plans to exclude the U.S. dollar from Iran’s foreign exchange reserves.
In line with this plan, Iran has informed Japan that it should use the yen instead of dollars to pay for the oil it buys from the Islamic Republic.
In addition, Iran has decided to open a bourse for oil and gas transactions in currencies other than the U.S. dollar, especially the euro.
Although the opening of the new bourse has been postponed several times, the plan shows the country’s determination to replace the dollar in its oil and gas transactions.
The TPOI has also announced that since October 2007 Iran has sold 85 percent of its oil exports in currencies other than the U.S. dollar and is determined to sell the remaining 15 percent in other currencies such as the UAE dirham.
During his first term, Iranian President Mahmoud Ahmadinejad ordered that the dollar should be replaced by the euro in the transactions of Iran’s currency reserve fund.
Herein lies the real reason the Duhmerican’ts are so determined to go to war in Iran.
08/10/2009 § Leave a comment
Overnight, the U.S. dollar continued to fall against most Asian currencies, prompting a wave of foreign-exchange intervention by central banks in South Korea, Taiwan, the Philippines and Thailand.
Things are really bad when the Philippines is propping up the dollar. The Philippines!
These declines are really hard to stop, near impossible. Is this the the start of the tsunami wall of dollars that could hit markets?
Remember a panic out of the dollar is unlike any other currency panic we have seen. As the defacto international reserve currency (though obviously slipping from that status), every country, every international corporation is holding them–all possible points of panic.
A full fledged world panic out of the dollar will mean huge U.S. inflation, soaring gold and the financial system rocked to the core.
How will the U. S. be able to finance its debt under these conditions. This could be the big one.
06/10/2009 § Leave a comment
The system has broken, but the syndicate in control wishes to keep the music going, keep the machinery turning, keep the money flowing, so that they can continue the massive rackets, bury the frauds & counterfeit, cover their tracks, process the bad paper into USGovt coffers, continue to corner the printing press operations, continue to con the USCongress into granting more funds for Goldman Sachs to dictate dispensation secretly, and to continue the endless war whose rivers of blood are matched only by rivers of redirected private contractor fraudulent payments.
Nobody seeks justice and prosecution for over $1 trillion in mortgage bond fraud. Nobody seeks to remove Goldman Sachs and JPMorgan from control posts at the USDept Treasury and USFed respectively. Nobody seeks even to locate the missing $50 billion from the Iraq Reconstruction Fund, or to announce the known location of the stolen $100 billion from the Madoff Ponzi Scheme (it aint $50B and they know its exact hiding place).Foreigners have been very busy since the autumn 2008, as they dismantle the levers, knock down the pillars, block the escape routes, yank the collateral from the paper marketplaces, and otherwise thwart the US-UK schemes.
To claim that the system can be put on proper stable footing is lunatic. To expect that the nation can be recalibrated so as to return to the Good Ole Days of US global dominance and leadership is lunatic. To urge that the economic signposts, megaphones, and billboards be once again guided by policies best described as Bubbly Economic Mythology is lunatic
05/10/2009 § Leave a comment
In fact, my forecast is for systemic failure. Its primary elements will be a failed US banking system (as in seizure) and a USTreasury Bond default (as in coerced restructure). Again, martial law and declaration of economic emergency will be the final solution.
02/10/2009 § Leave a comment
All of Uncle Sam’s balloons are about to pop! Every propped up penny spent in the Financial Markets; Auto Industry; GE; Insurance Industry is gonna blow!
This government and the Wall Street Gang has used and abused the market with Voo Doo Fed Money to give us all a slight of hand view – THINGS LOOK BETTER THAN THEY REALLY ARE!
The SH*T is gonna hit the fan folks.
An interesting and accurate assessment by this commenter on Seeking Alpha. A year ago I was getting flamed bigtime by everyone on SA for saying the same thing. They’re not flaming now!
01/10/2009 § Leave a comment
Today religious mania has infected the political bloodstream and America has become corrosively isolationist, he says. “Ask an American what they know about Sweden and they’d say ‘They live well but they’re all alcoholics’. In fact a Scandinavian system could have benefited us many times over.” Instead, America has “no intellectual class” and is “rotting away at a funereal pace. We’ll have a military dictatorship fairly soon, on the basis that nobody else can hold everything together.
Duhmerica! Ain’t it grand!