Posts Tagged ‘ dollar collapse ’

Central banks eschew dollars in favor of Euros, Yen

October 12, 2009
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From Bloomberg: Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according to...

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Schiff on CNBC: “The dollar is the new peso”

September 26, 2009
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Read the article here and watch the video below.

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Chinese Vice Finance Minister Li Yong says dollar inflation at the root of the financial crisis

April 27, 2009
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From AFP: “ flawed international monetary system is the institutional root cause of the crisis and a major defect in the current international economic governance structure.” … We couldn’t agree more.

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Freddie Mac Hari Kari

April 22, 2009
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Taking personal responsibility to the utmost extreme:

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This is Slavery

April 19, 2009
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Buy Low, Sell High By Tracy R. Twyman Several of the people that I tried to get to go with me to the Tea Party said the same thing: They were sympathetic to the cause, but they didn’t feel it was their right to protest because they didn’t earn enough money to owe Federal...

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“China has woken up. The West is a black hole…”

April 16, 2009
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“China has woken up. The West is a black hole…”

From the Telegraph: China’s State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons. Nobu Su, head of Taiwan’s TMT group, which ships commodities to China, said Beijing is trying to extricate...

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