Dollar Crisis

Devalue The Dollar, Kickstart America

Dollar Devaluation To Fix The Great Recession Frank Beck, Forbes Magazine, 12.09.08, 1:00 PM ET hat began as government social tinkering—with implied threats to banks and mortgage companies to extend home loans to even the most marginal of borrowers—led to a greed-blinded mortgage banking business and the meltdown we are experiencing today. Now we are asked by the same congressional leadership to go along with taxpayer-funded bailouts of the very banksters who, while making millions, created the mess.. Despite the trillions of dollars already expended recapitalizing banks, there is very little, if any, progress to show. Will a few trillion...

Read More

Big Oil's Long Goodbye To The Dollar

In an article by Robert Fisk published in THE INDEPENDENT, the crisis of the American dollar in oil dealings is explained a little deeper than was known the last time we visited this topic. More former allies have agreed to leave the dollar, thus hastening its demise. N THE MOST PROFOUND financial shift in recent Middle East history, Gulf Arabs are planning—along with China, Russia, Japan and France—to end all dollar purchases for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in...


A Few Dollars Short

A FEW DAYS AGO Press Secretary Robert Gibbs stated that the $100M dollars in cuts the White House is requesting being made is a LARGE sum of Money. Yet, a short while ago we were told 8 Billion dollars in earmarks is a small amount. And Mr. Gibbs even restated this just a few weeks ago. So, can someone please demonstrate or explain how $100 million is larger than eight billion dollars? I am sure if someone can come up with the answer, it will make an interesting mathematical equation...


China Continues To Leverage Resources

HANGHAI—bustling Chinese companies have been on a shopping spree in the past month, snapping up tens of billions of dollars' worth of key assets in Iran, Brazil, Russia, Venezuela, Australia and France in a global fire sale set off by the financial crisis. The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth. The sheer scope of the agreements marks a shift in global finance, roiling energy markets and feeding worries about the future availability and prices of those commodities in other countries that...


China Cautions Against Devaluation

Hello America? Were you paying attention as you bought all that cheap garden equipment? China owns part of you. Saudi Arabia has scrambled for whatever's left. You, however, still get to speak English, for now. HINA IS TELLING THE US to be careful, not to overspend and keep an eye on the dollar. "There are risks that China cannot control, so they're depending on the U.S. to maintain fiscal prudence and keep the dollar reasonably stable to prevent devaluation." said Kelvin Lau, regional economist at Standard Chartered in Hong Kong. Analysts estimate China keeps nearly half of its $2 trillion...