Sunday, February 13, 2005
The head of Saudi Arabia’s Central Bank said that he didn’t find any new shift in world currency reserves from dollars to euros but noted that the single currency will have a greater role in the future in terms of international reserves.
Tuesday, January 11, 2005
WALL STREET AND GOLD
Before there was Wall Street, there was Gold...and When Wall Street is Gone, there will Still be Gold
Increasing demands on the gold market are expected to affect retail prices within the year.
Increasing demands on the gold market are expected to affect retail prices within the year.
Workers' paychecks losing buying power
While nation's economy has been recovering, salaries have not kept up with rising costs.
By Barbara Rose
Chicago Tribune
By Barbara Rose
Chicago Tribune
Financing wars with inflation
Finite-time singularity signature of hyperinflation: lawless money put to a good use........... (.pdf)
—D. Sornette, H. Takayasu, W.-X. Zhou
—D. Sornette, H. Takayasu, W.-X. Zhou
US Defaults On 40% Of Its Trillion Dollar Foreign Debt
THE NAKED HEGEMON
Part 1: Why the emperor has no clothes
PART 2: The center of the doughnut
By Andre Gunder Frank
Part 1: Why the emperor has no clothes
PART 2: The center of the doughnut
By Andre Gunder Frank
With Paper Money - Confidence is Suspicion Asleep
Barry Downs and Bill Matlack
The US dollar is likely to end up toppled as the world's reserve currency, perhaps replaced by a temporary hodgepodge basket of currencies centered on the euro. But make no mistake about it, irreversible damage to confidence will be inflicted on the world's paper currency system and the stage will be set for the inevitable repudiation of all unbacked paper currencies. Eventually, a new system of currencies centered around gold will be initiated, and confidence will then be restored and suspicion will be asleep, at least until some other future generation also tries to substitute paper for gold.
The US dollar is likely to end up toppled as the world's reserve currency, perhaps replaced by a temporary hodgepodge basket of currencies centered on the euro. But make no mistake about it, irreversible damage to confidence will be inflicted on the world's paper currency system and the stage will be set for the inevitable repudiation of all unbacked paper currencies. Eventually, a new system of currencies centered around gold will be initiated, and confidence will then be restored and suspicion will be asleep, at least until some other future generation also tries to substitute paper for gold.
Wednesday, January 05, 2005
This Can't Go On Forever - So It Won't
By Joseph Stiglitz
The Guardian U.K.
Saturday 01 January 2005
Global economic forecasters tend to be upbeat. But not this year.
The Guardian U.K.
Saturday 01 January 2005
Global economic forecasters tend to be upbeat. But not this year.
With Paper Money - Confidence is Suspicion Asleep
Barry Downs and Bill Matlack
The US dollar is likely to end up toppled as the world's reserve currency, perhaps replaced by a temporary hodgepodge basket of currencies centered on the euro. But make no mistake about it, irreversible damage to confidence will be inflicted on the world's paper currency system and the stage will be set for the inevitable repudiation of all unbacked paper currencies. Eventually, a new system of currencies centered around gold will be initiated, and confidence will then be restored and suspicion will be asleep, at least until some other future generation also tries to substitute paper for gold.
The US dollar is likely to end up toppled as the world's reserve currency, perhaps replaced by a temporary hodgepodge basket of currencies centered on the euro. But make no mistake about it, irreversible damage to confidence will be inflicted on the world's paper currency system and the stage will be set for the inevitable repudiation of all unbacked paper currencies. Eventually, a new system of currencies centered around gold will be initiated, and confidence will then be restored and suspicion will be asleep, at least until some other future generation also tries to substitute paper for gold.
Tuesday, January 04, 2005
Vast reserves of a declining currency are dangerous for Asian central banks
By Harold James
The Australian, Sydney
Saturday, January 1, 2005
The People's Bank of China and the Bank of Japan,
as well as other central banks in Asia, are in trouble.
They have accumulated vast foreign exchange
reserves, estimated at more than $US2 trillion
(AU$2.6 trillion), but almost all of these reserves are
in US dollars -- which are rapidly losing their value.
The Australian, Sydney
Saturday, January 1, 2005
The People's Bank of China and the Bank of Japan,
as well as other central banks in Asia, are in trouble.
They have accumulated vast foreign exchange
reserves, estimated at more than $US2 trillion
(AU$2.6 trillion), but almost all of these reserves are
in US dollars -- which are rapidly losing their value.
Banking Cartel is the Cause of Humanity's Woes
By Henry Makow Ph.D.
June 26, 2002
"The Secrets of the Federal Reserve" by Eustace Mullins
"I believe that banking institutions are more dangerous to our liberties than standing armies." ---Thomas Jefferson
June 26, 2002
"The Secrets of the Federal Reserve" by Eustace Mullins
"I believe that banking institutions are more dangerous to our liberties than standing armies." ---Thomas Jefferson