This is really scary stuff. And if your investments are in dollars... you may want to think very hard about what is being said.With 40 or so countries currently tied to the dollar the effects of the dollar aren't being seen at home but the edges are fraying overseas. These countries are in effect, holding the dollar up...
Ben Bernacke June 2009 "The Fed will not monetize the debt!"
What is even more scary is those in Congress who think it would be a good idea for China to allow it's currency to float. This would be unbelievably inflationary at the retail end since most of the products Americans buy come from China. This would set the stage for what the Federal Reserve says can't happen.... Stagflation. Prices rising as the economy continues to stall. But this is very possible since we are relying heavily on imports to keep product prices low. With the price of products increasing fast and being sent overseas this will only add to the sour economy.
QE2 could risk currency war
The Fed dumped $1.75 trillion into the market just after the 2008 Election. Now, another election, and another $600 billion at the minimum.
Fed to buy $600 B of Treasuries
Axel Merc says "Fed is on a dangerous path"
Backlash to the Feds $600 Billion
Bernacke... "Doesn't understand economics" -Jim Rodgers
China and other countries around the globe react to Fed's QE2
$10.2 trillion in borrowing in 2011
Capital controls are protecting third world countries from the US Federal Reserve QE2
Latvia an example of the IMF and World bank "solution"
The Most important chart of the Century! Debt Saturation!
****Update 11/24/10****
China and Russia sign agreement to quit dollar - This is very bad news for Americans. The export of our inflation could be tendering on days or weeks. Look forward to the Fed's chickens coming home to roost very soon!
**** Update 11/26/10 ****
Peter Schiff: The Euro crisis will come to America
**** Update 11/26/10 ****
The Keiser Report: A rather enlightening report on the world financial system
****Update 12/2/10****
Insurance rates a tell tale sign of disaster ahead - This article makes a pretty good case that things are not getting better but in fact are getting much worse.
Fed makes $9 Trillion in loans - Just imagine your business is headed South but luckily you just happen to know someone whose willing to loan you whatever you need no matter how crazy the number!
****Update 1/1/11****
Brace Yourself: The next crisis is a currency War
The Fed just keeps printing... and low and behold those who still have something of value are threatened. If the South Africans are correct and this breaks out into a Trade War... we in the US will learn we have disarmed unilaterally.
No comments:
Post a Comment