Tuesday, March 20, 2012
Monday, March 19, 2012
Gunboats, Super-Torpedoes, Sea-Bots: U.S. Navy Launches Huge Iran Surge
If it looks like a duck, quacks like a duck...
http://www.wired.com/dangerroom/2012/03/navy-persian-gulf/
http://www.wired.com/dangerroom/2012/03/navy-persian-gulf/
Labels:
gunboats,
Persian Gulf,
torpedoes,
US Navy
Obama Executive Order: Peacetime Martial Law!
I posted the National Defense Resources Preparedness Executive Order earlier. Here's one person's take:
http://www.canadafreepress.com/index.php/article/45319
http://www.canadafreepress.com/index.php/article/45319
Pimco chief Mohamed El-Erian expects 'second Greece’ in Portugal
So much for ring-fencing in this debt contagion in Europe.
http://www.telegraph.co.uk/finance/financialcrisis/9151804/Pimco-chief-Mohamed-El-Erian-expects-second-Greece-in-Portugal.html
http://www.telegraph.co.uk/finance/financialcrisis/9151804/Pimco-chief-Mohamed-El-Erian-expects-second-Greece-in-Portugal.html
Labels:
El-Erian,
Greek debt,
Portugal
Far East set to double currency swap accord
That's funny: I didn't read anything about the USDollar or the Euro in this article.
http://www.hurriyetdailynews.com/far-east-set-to-double-currency-swap-accord.aspx?pageID=238&nID=16262&NewsCatID=346
http://www.hurriyetdailynews.com/far-east-set-to-double-currency-swap-accord.aspx?pageID=238&nID=16262&NewsCatID=346
Labels:
Asian,
currency swaps,
Far East
China yuan could be reserve currency with reform: IMF
To those who believed I had lost my marbles when I suggested the days of the USDollar as the global reserve currency are numbered, here's a press release from the IMF itself:
http://ca.news.yahoo.com/china-yuan-could-currency-reform-imf-055837173.html
How do you like them apples? I've also laid out the implications of such a scenario. Since the alternative blogosphere is on high alert, I'll leave it up to the readers to connect the dots. Hint: inflation isn't and won't be benign, despite what our government and media keep droning on about.
http://ca.news.yahoo.com/china-yuan-could-currency-reform-imf-055837173.html
How do you like them apples? I've also laid out the implications of such a scenario. Since the alternative blogosphere is on high alert, I'll leave it up to the readers to connect the dots. Hint: inflation isn't and won't be benign, despite what our government and media keep droning on about.
Labels:
Chinese yuan,
IMF,
reserve currency
Sunday, March 18, 2012
Brazil vows to protect manufacturing
This is a classic example of a "beggar-thy-neighbor" currency war "policy."
http://www.ft.com/intl/cms/s/0/b1d9f05a-6f8b-11e1-b368-00144feab49a.html#axzz1pWhQ0CBR
http://www.ft.com/intl/cms/s/0/b1d9f05a-6f8b-11e1-b368-00144feab49a.html#axzz1pWhQ0CBR
Labels:
Brazil,
currency devaluation
Saturday, March 17, 2012
As Retail Sells, Central Banks Wave Gold In With Both Hands
As the retail public (i.e. dumb money) sells their gold, the central bankers of emerging countries (i.e. crooked, smart money) buys gold hand over fist.
http://www.zerohedge.com/news/retail-sells-central-banks-wave-gold-both-hands
http://www.zerohedge.com/news/retail-sells-central-banks-wave-gold-both-hands
Labels:
central bank,
gold,
retail
Brent At $126 As Israel Security Cabinet Votes 8 To 6 To Attack Iran
Well, here we go: first, the trade and foreign currency sanctions against Iran. Now, Israel's intention for a preemptive attack on Iran. I wonder how India, China, and Russia feel about all this, given Iran supplies them with oil.
http://www.zerohedge.com/news/brent-126-israel-cabinet-votes-8-6-attack-iran
http://www.zerohedge.com/news/brent-126-israel-cabinet-votes-8-6-attack-iran
Thursday, March 15, 2012
The Iceland Financial Renaissance Miracle Continues
Iceland is the most recent example of why a hard default--while extremely painful--is the only solution in solving the developed world's debt problems. Iceland basically said "screw you" to its Dutch and English creditors (banks). Greece is the example of what not to do--keep dragging it out until the Greeks choke on their debt. But hey, we gotta save the bankers, right?
http://www.zerohedge.com/news/iceland-financial-renaissance-miracle-continues
http://www.zerohedge.com/news/iceland-financial-renaissance-miracle-continues
Labels:
Iceland
Gridlock in DC
http://www.caseyresearch.com/articles/gridlock-dc?ppref=ZHB444ED0312B
This year Obama asked Congress for, and was given, an additional $1.2 trillion of borrowing authority, which will increase the debt limit to $16.4 trillion, just enough to get him past the 2012 election. It could be close, however. If budget projections prove to be overly optimistic, Obama could face another cliffhanger over a further increase in the debt ceiling in the midst of the presidential election in November. How embarrassing to have to say "re-elect me – and by the way, I need to borrow some more money to pay this month's bills."
Labels:
debt ceiling,
gridlock
Letter from an alleged JPMorgan whistleblower
We'll see if this is real or not.
http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=57019&SearchText
http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=57019&SearchText
Labels:
CFTC,
JP Morgan Chase,
whistleblower
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