Moral Outrage
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Posts Tagged ‘dollar

Will Iran Kill the Petrodollar?

February 17, 2012

The official line from the United States and the European Union is that Tehran must be punished for continuing its efforts to develop a nuclear weapon. The punishment: sanctions on Iran’s oil exports, which are meant to isolate Iran and depress the value of its currency to such a point that the country crumbles. The […]

Iran bartering Gold for Food directed at US Reserve Currency

February 13, 2012

Much has been made of Reuters story how “Iran turns to barter for food as sanctions cripple imports” in which we learn that “Iran is turning to barter – offering gold bullion in overseas vaults or tankerloads of oil – in return for food”, and whose purpose no doubt is to demonstrate just how crippled […]

Federal Reserve to devalue the Dollar by another 33 per cent

February 10, 2012

What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today. The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch […]

The Federal Reserve does not print money

January 26, 2012

Here’s something you probably don’t know: The Fed doesn’t print money. Yes, that’s right, the Fed is actually not in the business of printing money. The actual, physical printing presses are owned and operated by the Treasury Department…not the Fed. So the Federal Reserve is actually not in the business of printing money…. the Fed […]

The Straits of Hormuz and a new Reserve Currency to challenge the Dollar

January 9, 2012

An unintended consequence of QE had been to spur several countries to think very seriously of how they could replace the dollar as their settlement currency for international deals. The list of countries accumulating gold (Russia, China, India) is similar to the list of countries that were reported to be talking about the need for […]

Ron Paul on the Fed’s Bailout Of Europe

November 30, 2011

The Fed’s latest actions in cooperating with foreign Central Banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot examine these types of agreements. Those who would argue that auditing the Fed or these agreements with […]

China Daily Xinhua bashes US economic woes

November 14, 2011

China retaliated that China is being blamed for the economic woes of America’s own making, after President Barack Obama claimed Sunday that Beijing has “still not done enough” to revalue its currency. But Obama failed to mention the fact that the yuan has already appreciated by about 30 percent against the greenback in the past […]

Is China ready to pull the plug on the American Dollar?

September 17, 2011

The debate over the health and longevity of the American dollar comes down to one very simple and undeniable root pillar of economics; supply and demand. The Federal Reserve has been quite careful in maintaining a veil of secrecy over the full extent of dollar saturation in foreign markets in order to hide the sheer […]

The Global Financial System is Ready to Blow

August 22, 2011

To understand the mess we are in, it’s important to know how we got here. We begin with the 40th anniversary of Richard Nixon’s announcement that America was suspending the convertibility of the dollar into gold. (at $35 an ounce.) With concerns in the late 60’s mounted over America’s rising trade deficit and the cost […]

The declining exchange value of the US dollar

August 13, 2011

There is no danger of the US defaulting on its bonds. The bonds are denominated in US dollars, and dollars can be created without limit. If equities continue to fall, if flight continues from the euro, if bank fees drive people out of cash, it is possible, for awhile, that the inflows into Treasuries can […]