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Global Economy Bursting?

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Moody’s Warns U.S. On Sovereign Debt Ratings

http://dailycapitalist.com/2011/01/...germany-and-france-on-sovereign-debt-ratings/


It's just a matter of when, and how fast interest rates rise on our borrowing. Assuming the Bush tax cuts are extended, 200 basis point hike in interest rates would push us into AA territory before the end of 2011.

A 50 basis point hike would see use there by 2014.
 
usa is the world currency. Not much longer

Randolph Kinney said:
So the rest of the world does not like the monetary policy of the U.S. What are they going to do about it?
Click to expand...
Years ago the world currency was based on the British Sterling Lb. After world war II the USA due to it's vast reserves, and the Marshall plan etc. became the world currency reserve so everything was based on the US dollar. Well thats changing fast, right now the government has been printing so much money to pay our debt that our triple AAA credit rating with S&P, wall st etc. will soon be gone. Then the Russins and Chinese get together and make the russian ruple or the chinese Yuan the new world currency. Thats it when that happens the usa is doomed to fail because now we just can't print money any more. We'll all be picking lettuce soon.
PS OPEC may decide to not accept american dollars as the currency of choice any more. This is hapening now.
 
Could the U.S. central bank go broke?

http://www.reuters.com/article/idUS...ia_ow=t0:s0:a49:g43:r3:c0.080000:b40889574:z0

The only way to break the FED bank is for the cost of printing money to exceed the value of it in real terms. Like the U.S. Mint, if it cost $6 to literally print a $5 dollar bill, it is time to add zeros to the $5 bill.

The FED is buying U.S. Treasury debt with phantom dollars. If interest rates go up, the value of the U.S. Treasury debt the FED holds decrease, a loss for sure and liabilities therefore can exceed assets. That makes the FED technically insolvent. The FED is sitting on paper losses of about $2.3 billion on the purchases of U.S. Treasuries it made from November 12 until late last week. But no one is worried that the FED can't continue buying more U.S. Treasury debt with phantom dollars.

All that may change in the future if the FED loses control over the interest rates. That is when you see the zeros added to the currency.
 
Who's who in buying gold

The ability of private citizens in China to buy gold verses the ability of private citizens in the US to buy gold is the undoing of the dollar as the reserve currency.

The renimbi in Hong Kong is unwrapping the story on hard metal purchases.
 
Wikileaks given data on Swiss bank accounts

Many may have desire to see some of the rich/powerful/immoral types be exposed to the masses and to be attacked like a pack of wild dogs. Yet, we must recognize the bigger picture.

Again we are noting and seeing that your personal information and/or financials are not protected. This shows that it just takes one person or persons with an issue or a vendetta to turn your life into a mess. We are in the times and heading into a time in our history where nothing is safe, secure or 'secret'.

Some may not think that your or our info is of importance because we might be of low/moderate income type who should not be of much concern. But it is such things like this that come back to haunt folks in the long run and it is the low/moderate income types who pay dearly in the end, because by the very nature of some folks income level are least able to prepare and fight draconian and intrusive behaviour and actions by private powerful individuals, organizations or government shills.
http://www.bbc.co.uk/news/business-12205690
 
I wonder if the newspapers here will cover the details? Might be very embarrassing for some fat cat politicians here that want to tax the wealthy.
 
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