January 17, 2011
in 2011, China, FOMC, Federal Reserve, US Treasury, US debt, US economy, credit, debt, foreign investment, government, indicators, inflation, market reports, money supply, news and updates, sovereign debt, world order, world reserve currency
This spring of 2011, United States Congress will vote on whether or not to raise the debt ceiling. What is the US debt ceiling? The debt ceiling refers to the total cap on U.S. borrowing through Treasury issuances of debt, in the form of bonds, to domestic and foreign holders.
If you think the U.S. is [...]
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November 30, 2010 · 1 comment
in 2010, Federal Reserve, US Treasury, US economy, banks, capitalism, central banks, economy, forecasts, government, market reports, media, news and updates, theories, world order
Rumor now has it that Wikileaks’ next leak will be the bust of a major American bank. The exciting question, perhaps, is less what the details might be (we’ve basically seen it all over the past two years, if we’ve been paying attention) than what bank Wikileaks will bust.
Julian Assange, the creator of Wikileaks, did [...]
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November 10, 2010 · 3 comments
in Asia, BRIC, China, G20, RMB, USD, World Bank, central banks, currencies, exchange rates, foreign investment, forex, international economy, international stock market, market reports, market trends, money, news and updates, sovereign debt, terminology, world order
You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound. Not only is the renminbi note red, but it’s got a picture of Mao on the [...]
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November 9, 2010
in 2010, China, Federal Reserve, GoldMoney, US debt, USD, World Bank, bubble, bull market, central banks, commodities, currencies, debt, economy, forecasts, forex, fundamentals, gold, hedging, hyperinflation, inflation, international economy, market reports, market trends, metals, precious metals, risk, silver, stimulus, world order, world reserve currency
And none of them are likely to happen in any conceivable near-term time frame.
Gold is sitting pretty now above $1400/oz following the World Bank’s suggestion of a return to the gold standard – and it’s inevitably already drawing out commentators from the woodwork who want to talk about how overvalued gold is and the fact [...]
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November 8, 2010 · 4 comments
in 2010, China, G20, GoldMoney, USD, World Bank, central banks, forex, gold, international economy, leadership, legislation, world order, world reserve currency
The World Bank may lead the rest of us back on to the gold standard a lot sooner than we think. World Bank head Robert Zoellick suggested over the weekend (and for the second time) that the G20 should consider making gold the global reserve currency as part of some major structural changes to the [...]
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October 10, 2010
in Asia, BRIC, China, Federal Reserve, Q4, US debt, US economy, USD, collapse, currencies, diversification, emerging markets, exchange rates, forecasts, foreign investment, forex, indicators, international economy, market trends, news and updates, world order, world reserve currency
Bank of America has decided it will halt all foreclosures in all 50 states going forward. This means, apparently, millions of folks will be living in homes without paying for it – which means at least temporary losses for banks. (Don’t get me wrong, it is a good thing for families who can find no [...]
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June 27, 2010
in 2010, G20, G8, economy, financial planning, forecasts, government, international economy, international stock market, market reports, news and updates, sovereign debt, stimulus, stimulus plan, world order
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Now that the G20 has wrapped up, what can we glean about stock markets going forward? Canada’s PM Harper noted that markets have been skittish as they have been waiting for the G20’s pronouncement on the delicate balance between imposing fiscal austerity but also facilitating continued stimulus in order to abet the global economic recovery.
Summer [...]
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