BRICS (Brazil, Russia, India, China, S. Africa) is the acronym signifying the next generation of economic power houses. Increasingly, these, and nations like them are working to diminish the U.S. Dollar as the World’s reserve currency. This week, China and Russia took more steps towards that goal. China’s central bank has authorised the Bank of Communications,… Read More »
It looks like mid-May 2013 is the end of the road. Will this be the end of America? YouTube Description: If Congress does not get its financial house in order by the new deadline in mid-May 2013, John Williams of Shadowstats.com contends, “It will be the end of the road . . . . They… Read More »
In an epic bit of video, conservatives get a glimpse of what they are up against: people who believe that it is even conceivable to mint trillion dollar Obama coins to render debts settled. After all, this is pretty close to what the government does with paper money, which are just state-issued permission slips to… Read More »
It may already be happening. Recently released US Treasury data shows China has been actively reducing its holdings of Treasury debt. China has cut its holdings by $100 billion over the past year to just $844 billion. China has been seeking new ways to recycle its trade surplus and hold back any rise in the… Read More »
It’s hard to overstate the concern that American families have regarding the economy, but one thing we all need to pay more attention to is the value of the U.S dollar. Imagine, if you will, what would happen to your families’ savings should the U.S. dollar truly crash, especially when unemployment and underemployment are both… Read More »
Ok, he didn’t literally admit to weakening our currency and setting us up for record inflation, but he might as well have. In the President’s unusually short speech this morning, Obama again touted his fictitious one million jobs saved/created number, the government-sponsored GDP growth in the third quarter and that the new jobs figures that… Read More »
Within a few days of Obama entering the White House, Tim Geithner stated that a strong dollar is in the best interest of our economy. The actions taken to date and some historical analysis of Obama’s chief economic advisor, Paul Volcker, would point at a policy of continued weakening of the U.S. currency. If the… Read More »
An up-to-date look at what’s happening in the economy.
In the past few weeks several news stories purporting foreign actions against and for the dollar. Which is it?