very well said - read your post on Daniel Button's blog.
Your blog title is something I believe very strongly in!! Looking forward to reading some of your earlier stuff.
Tuesday, November 08, 2005
Anonymous said...
believe that! decline of USD, end of american hegemony, no more wars for bananas (guatemala-argentinia) and oil (middle east)! no more shitbox culture! no more idiots with american accents on my tv! no more tv!
But, I am certain that we will not see peace unless we counter, with answers and solutions, all the divisive rhetoric and propaganda spawned by the mainstream media.
Tuesday, January 17, 2006
This is a quote from The Tipping Point at Bloomberg.com. The Dollar's Credibility
"Reaching the `tipping point' where the U.S. for the first time since the second World War ceases to have a positive net return on its net assets could be seen by the market as a significant blow to the credibility of the dollar,'' the economists say.
"In a context where the external net worth of the U.S. is negative and the return on its net assets also turns negative, market participants could start demanding a higher premium on their dollar assets.''
That the U.S. has been able to sustain financing for its international deficits up to this point is primarily due to the American dollar being the world's principal reserve currency, the center of the global monetary system. Once people around the world lose faith in the dollar, it becomes WORTHLESS.
BTW--"premium on their dollar assets" translates into INTEREST.
So, expect a steep increase in interest rates in a last ditch effort to keep capital investments in dollars.
5 Comments
Close this window Jump to comment formvery well said - read your post on Daniel Button's blog.
Your blog title is something I believe very strongly in!! Looking forward to reading some of your earlier stuff.
Tuesday, November 08, 2005
believe that! decline of USD, end of american hegemony, no more wars for bananas (guatemala-argentinia) and oil (middle east)! no more shitbox culture! no more idiots with american accents on my tv! no more tv!
Monday, January 16, 2006
Yippie!
Too bad, it's going to get a lot worse before it gets better.
We must work tirelessy to educate people about what's going on, so that they are not tricked into killing each other.
Monday, January 16, 2006
killing each other? age of bartering and love surely! :-)
Tuesday, January 17, 2006
Hey, I hope you're right.
But, I am certain that we will not see peace unless we counter, with answers and solutions, all the divisive rhetoric and propaganda spawned by the mainstream media.
Tuesday, January 17, 2006