Entries from October 2009

October 30, 2009

Happy Days or Black Tuesday?

A headline in Thursday’s New York Times reported, “U.S. Economy Began to Grow Again in 3rd Quarter–The United States has emerged from the longest economic contraction since World War II.”
Ohh, so it’s “emerged, has it?  Well, isn’t that just great?   I guess “Happy Days” are here again.

October 30, 2009

A Broken Teeter-Totter?

In a modern economy, the relationship between the purchasing power of the fiat currency and economic strength generally resembles a teeter-totter:  When one goes up, the other goes down.
For example, in times of economic boom, we have more employment, more products, more consumption, more demand and more currency in circulation.  Result?  Price inflation.  As the [...]

October 18, 2009

The Dollar’s Demise

The U.S. dollar has been the world’s reserve currency since World War II.
In March, China (and then Russia) openly attacked the greenback, calling for the dollar to be replaced as the world’s reserve currency. This call by China is particularly disturbing since China holds more U.S. debt than any other country—about $1.3 trillion—and the further [...]

October 4, 2009

Buying Gold Kills the FED & NWO.

Benjamin Fulford writes in both Japanese and English on political and economic issues. He’s an intelligent man.  Still, it’s sometimes hard to tell if Mr. Fulford has the gift of prophecy or is simply a “loose cannon”.   Mr. Fulford has recently written a couple of commentaries that predict the Federal Reserve could cease to exist [...]