Sunday, February 13, 2005

Saudi Arabia expects greater role for the euro

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.

Free trade and China

COST OF HOLDING DOLLARS

Forbes: Greenspan has driven world to economic brink

World On Brink Of Ruin
Dan Ackman

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

Financing wars with inflation

MOSCOW ON THE HUDSON

by Rob Kirby

US Defaults On 40% Of Its Trillion Dollar Foreign Debt

The drubbing of the dollar: dangerous or therapeutic?

By Jonathan Fuerbringer
The New York Times

Season's Greetings from the Fed

by George F. Smith

China: US's Perfect Economic Storm

Michael Sheridan

The Federal Attack on the Dollar

by Jacob G. Hornberger

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.

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.

Season's Greetings from the Fed

by George F. Smith

The Federal Attack on the Dollar

by Jacob G. Hornberger
December 27, 2004

With Geopolitics, Cheap Oil Recedes Into Past

By JAD MOUAWAD
Published: January 3, 2005

Gold May Rise in First Week of 2005

By Laura Humble
Bloomberg News Service
Monday, January 3, 2005

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.

Tuesday, January 04, 2005

Vast reserves of a declining currency are dangerous for Asian central banks

Europe 'will have to act on dollar'

A New American Century? Iraq and the hidden euro-dollar wars

Shades of the Dollar Standard

By: Hans F. Sennholzb

‘WTO, IMF serving US in dominating world economy’

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