"The war in Ukraine is a war for the dollar" - part 2 of 3 (tags)
Moscow has really threatened the U.S. dollar on the international stage, and with it the entire U.S. economy behind it. Since Putin took office, well before 2021 and even before the anti-Russian coup in Ukraine in 2014, Russia, a leading energy power, has begun the process of liquidating U.S. dollar-denominated bonds. Russia halved the number of U.S. bonds it held.
Michael Hudson on de-dollarization (tags)
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. If you read what these countries say, they explain why they’re doing what they’re doing. .
Brazil's Lula travels to China and calls to end US dollar dominance (tags)
“Why can’t a bank like that of the BRICS have a currency to finance trade relations between Brazil and China, between Brazil and other countries?" he continued. "It’s difficult because we are unaccustomed [to the idea]. Everyone depends on just one currency".
Russia's war against Ukraine and What are the war aims? (tags)
Erich Vad is an ex-brigade general. From 2006 to 2013, he was the military policy advisor to German Chancellor Angela Merkel. He is one of the rare voices who spoke out publicly against arms deliveries to Ukraine early on, without political strategy or diplomatic efforts.
The Forgotten History of the Financial Crisis (tags)
In the United States between late 2008 and early 2009, 800,000 people were losing their jobs every month. By 2015, over nine million American families would lose their homes to foreclosure—the largest forced population movement in the United States since the Dust Bowl.
The US, the Dollar, IS and Saudi Arabia (tags)
The US treats IS and the Saudi royal house differently. For decades, Saudi Arabia has been the US' closest ally in the Middle East and therefore enjoys Washington's unrestricted solidarity despite all its crimes.
No wonder Americans aren’t freaking out about how much of their tax dollar goes to the military. They think it’s 16 cents of each dollar, when it’s really the percentage of the discretionary budget, which is that 63 cents on the dollar.
Quandary & Crisis Facing USA (tags)
My opinion follows on serious economic and political challenges on the horizon.
Dollar As World's Reserve Currency Threatened (tags)
dollar
New Geo;olitical/Financial Bombshells (tags)
geopolitics
Strengthening Sino-Russian Ties (tags)
business and finance
Anti-Russan Sanctions Wars Continue (tags)
Russia
How Lou Gehrig And Mao Tse Tung Got Lou Gehrig's Disease (ALS) (tags)
An acidic diet with much meat is the main cause of Lou Gehrig's Disease
Historic Sino/Russian Trade Deal Signed (tags)
trade
Eastern Ukrainian Resistance (tags)
Ukraine
Yellen's Fed Assures Business As Usual (tags)
Fed
gold
Gold Drops Most in 30 Years (tags)
gold
Remembering Bob Chapman (tags)
finance
Iran
Forecasting Economic Decline (tags)
class war
DILMA, THE SUBMISSIVE, SHE IS ASKING TO FALL (tags)
USA has to sink alone in the shit that the American government did.
America's Terminal Decline (tags)
empire
Bretton Woods 2.0: Soros New World Order Conference (tags)
new world order
The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B?How can the financial sector be shriveled? Can state banks (like NDakota) be a model?
Dollar-Yuan Currency War (tags)
The value of the Yuan is not the cause for the US trade and balance of payments deficits. The reasons are the high state indebtedness (armaments/ wars and tax gifts to the rich) and the indebtedness of private households. The US has a trade deficit with 90 countries.
America Replicating Japan (tags)
stagnation here like Japan
Relections on "Obama's Economic View Is Rejected on World Stage"--NYT 11/12/10 (tags)
G20 nations reject US plans for world economy.
IMF Considers Replacing the Dollar as Key Currency (tags)
More stability and efficiency will be created and money and the credit system de-politicized. In stress situations, a world central bank could serve as creditor "of last resort" to provide the necessary liquidity in the whole system in case of grave shocks.
"LOS GRINGOS" DON'T WANT TO BE MADE RESPONSIBLE BY THE DAMAGES THAT PRODUCED (tags)
We broke the world and now you all will pay the bill - the Tio San said. Didn't it arrive the moment of giving a beating in him?
One man and his donkey bring down the US empire (tags)
With a little help from US corporations
What Obama Isn't Telling American Workers (tags)
A lot is happening in the tumultuous realm of global economics. The “Great Recession” has caused tectonic shifts internationally, with outcomes that will dramatically change the lives of millions of people in the U.S. and beyond. And while Obama is acknowledging this fact with repeated references to “a new world order,” he isn’t explaining how this adversely affects working-class Americans.
Federal Government Closes down Liberty Dollar (tags)
Many believe that the Liberty Dollar is a much sounder currency than the U.S. Government's paper dollar
Risk Development and Dollar Inflation (tags)
Two articles by emeritus professor Elmar Altvater reveal the contradictions of credit or bubble prosperity in the counter-revolution of capital. As work cannot define us, competitiveness and profit maximization do not define the human experience Speculation could bring a new feudalism..
Michael Hudson's "Super Imperialism:" The Economic Agenda of Imperial America (tags)
How imperial America is funded
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Argentinization of the US and Currency War (tags)
"After the great killing of the bison, the basic food of Indians, the great killing of the US dollar, the basic food of today's credit-junkie, could now be imminent.. A deficit amounting to 13% of the GDP is more than four times what was established as the convergence criterion of the European Union."
Reviewing Ellen Brown's "Web of Debt:" - Part III (tags)
Federal Reserve plunder Part III
APRIL 25, LA EVENT FOR MUMIA: Saturday, April 25 at the Southern California Library for Social Studies and Research, 6120 S. Vermont, from 5-7 PM.
The Federal Reserve Abolition Act (tags)
Abolishing the Fed.
Carlos Lessa proposes control of exchange rate for Brazil to overcome the crisis. (tags)
He says the biggest obstacle to Brazil overcome the crisis and get strengthened out of it is the Central Bank’s President Henrique Meirelles, formed by the Bank of Boston, and that will do nothing that would undermine the private banks.
More from the Front Lines of the Financial Crisis (tags)
The worst is yet to come.
Capitalism changed into "finance-driven" capitalism. The profit rates for industrial capital fell in the past decades. Washington could be paralyzed under the debt yoke like Japan in the early 1990s. After decades of market idolization, the US has rediscovered political power.
Assassinations, Wars and Meltdowns: Who Benefits? (tags)
America has been subjected to the some severe shock therapy over the years. JFK, MLK, Jr. and Bobby Kennedy were all murdered! Then, there was the Vietnam War (1963-75); the “Watergate” scandal; and the horrors of the 9/11 tragedy; followed by the invasion and occupation of Iraq. The latest hit is the Wall Street bailout, to wit: the economic and fiscal meltdowns. They all spell out the sharp decline of America. Is it by accident or by plan?
Dollar is over, says Carlos Lessa (tags)
To Lessa, "dollar is over" and it’s necessary that a new "Bretton Woods" establishes new parameters to global economy.
The biggest systematic looting of the US Treasury in history (tags)
The great depression is about to repeat itself. Investment banks and deposit banks are failing, money has frozen up. No loans business or personal. No money available for employers to make payroll. There will be millions of Americans with no jobs and therefore no money. Basics such as gas and food will be hard to come by and many American families will go to bed at night hungry
Our failed earnings...getting me scared ! (tags)
Money is the Problem - getting it, saving it, earning it...whatever words are used "recession" or not, "economis" or not, whatever word is convenient to explain what ARE the conditions are that we are trying to live-in, it doesnt matter semanically.....
Potential Future Hyperinflation (tags)
Potential economic trouble ahead.
The economy is not what they are saying!5 (tags)
"And another horror is that the stock market went up, which is Pretty Freaking Strange (PFS) since Barron’s reports that the earnings of the Dow Jones Industrials went down, dropping to $225.53 from $234.49. This has produced the unbelievable price-to-earnings ratio of 57! Earnings are going down, but the stocks are going up! To a P/E of 57! Un-freaking-believable!"
Shouting from the Caboose (tags)
Hope lies beyond Social Darwinism and hyper-individualism. As the end of cheap oil could be the beginning of real community, the end of everyday time could be the beginning of kairos time, the time of decision. Black is a new consciousnessness, not a skin color (Steve Biko)
Some God Awful Truth about James Randi (tags)
It's comedy, folks.
F. William Engdahl's "A Century of War" - Part II (tags)
Part II of this epic book.
Is the "Mother of all Financial Crises" Imminent? (tags)
A trade-weighted devaluation of the dollar of around 25 percent is necessary allowing the US currency to ski "gradually and orderly" against free-floating currencies. The IMF could establish a "substitution account" with "special drawing rights" to avert a dollar panic.
His American Dream: Michael Bloomberg (tags)
The survival of the planet and the stability of the dollar seem more likely with Michael Bloomberg as presdent. The major candidates see "more troops on the ground" as a panacea. The melting of the dollar and military overreach have brought the US to the edge of the abyss.
The US Will Experience Its Big Surprise (tags)
The dollar devaluation has to do with many things, above all with the double deficit. The US must become indebted more and more. China and Dubai could go on a shopping spree and buy oil companies. The US must earn euros to pay for the oil to be imported.
COLLAPSE OF THE US DOLLAR (tags)
Imagine being sent forward in time from 1967 to 2007. Instead of gas costing 25 cents a gallon, it's $2.50. A decent home, intead of costing $15,000, costs $250,000 or more.
Arroyo's bankrupt and deceptive economic policy (tags)
Gloria M. Arroyo, the fake president, keeps on babbling that her regime is propelling the Philippines to become a "first world country". She is obviously lying.
The Dollar and US Hegemony (tags)
The dollar devaluation since 2001 is a necessary adjustment for the twin US deficits, the national budget deficit and the foreign trade deficit. US imports are nearly double US exports. A drastic change of lifestyles is imperative where modesty and simplicity are encouraged.
Global Capital Flows to the Rich (tags)
The global imbalance seems more dangerous for all other countries than for the US. A fundamental reform of the international monetary system is overdue. The US dollar is no longer the stable anchor of the world monetary system.
U.S. dollar - a "worthless piece of paper." President Mahmoud Ahmadinejad (tags)
And he is right. A $100 bill is worth the paper it's printed on and backed by nothing else. Up till 1933 the U.S. was backed in gold. You could exchange a $20 bill for an ounce of gold. And up till the 1960's the dollar was backed up by silver. You could go to the mint and trade paper dollars for silver. But now the dollar is backed by NOTHING and a dollar is worth nothing more then the paper it is printed on.
Malibu fires show class divide as rich evacuees get massages, yoga (tags)
Audio:3 min 23 seconds. The treatement of fire evacuees from places like Malibu, CA stands in sharp contrast to what happened after Katrina! audio: MP3 at 3.1 mebibytes
"The Dollar Will Fall Enormously" (tags)
The American balance of payments deficit must be reduced. Today's business model is dead. Moody's rating agency will be the Arthur Andersen of this decade.
Central Banks Reduce Their Holdings (tags)
Japan, the largest investor in US debts, has been reducing its holdings for three years.. The decline of foreign treasury holdings is not surprising because foreign dollar investors suffered massive losses through the dollar's devaluation in the last two months.
Who Profits From the Crash? (tags)
A criminal corruption on the highest planes is at the heart of the assets transfer. Every few decades, the real owners of the world arrange an economic crisis to steal the assets of the people. The incredible sum of $325 billion was injected into the financial system within a few days.
HELICOPTER BEN UNLEASHES DOLLAR HYPERINFLATION (tags)
Washington DC – August 12, 2007 – By deciding to ante up $38 billion for a hopeless bailout of predatory Wall Street hedge funds and the banks that stand behind them, Federal Reserve Chairman Helicopter Ben Bernanke has placed the bankrupt US dollar on a direct course towards the precipice of hyperinflation.-
The New World Currency Crisis (tags)
The US lost its absolute superiority as an industrial- and export-state..The US balance of payments deficit has nearly doubled since the 1980s..A hard landing of the dollar becomes more likely the longer the Asian exchange rate correction is delayed.
Top 8 Reason for Iraq Invasion (tags)
It’s spring of 2007, four years deep into Iraq occupation .Here’s a mature top 8 reasons that combined to trigger and perpetuate this invasion/occupation what used to be the sovereign nation of Iraq.
Doomsday for the Dollar (tags)
Doomsday for the Dollar
Mourning for Pinochet-US establishment shows its affinity for fascism (tags)
Mourning for Pinochet-US establishment shows its affinity for fascism
Iran Begins Shift from Petrodollar to Eurodollar (tags)
Two Iranian news agencies are reporting that Iran has begun its long anticipated move away from the U.S. Dollar to the European Union’s Euro as the (Petrodollar and Eurodollar, respectively) method of payment for its oil transactions.
Is the Dollar Hegemony Ending? (tags)
The demand for dollars will fall significantly when oil is transacted in euros. The US must control its twin deficits and reduce its foot-print to keep the confidence of foreign credi-tors. Radical restructuring and removal of incompetent leadership could avert crash.
Iran War for Dollar Hegemony (tags)
The run on the US currency has already begun. Preventing the IOB may help explain the extreme aggressiveness of the US toward Iran. Mending our own pockets and recalibrating energy and security policies are more sensible than the Bush doctrine.
In payback time in the culture of fear, important trade, budget and cable access bills are passed in the dead of night. The dominant elite consciusness is frozen, refuses alternatives and stylizes bankruptcy as normal business practice.
The Petrodollar: America’s Achilles Heel (tags)
Virtual Chicano is webmaster and political commentator for Chicano Forums
US Comptroller General predicts economic disaster for the U.S. (with video) (tags)
The Coming U.S. Dollar Collapse
Iran’s Oil Exchange threatens the Greenback (tags)
"The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. are planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency....."
The denomination of oil sales is a pyure transaction affair.. In the present situation, the oil bourse represents a symbolic manifestation of Iran's desire to be less dependent on a US-dominated dollar-world.
WILL IRAN BRING REVOLUTION INTO THE USA ? (tags)
Iran’s Oil Exchange Threatens the Greenback by Mike Whitney www.dissidentvoice.org January 24, 2006
CUCKOO ECONOMICS (Abridged Ed.) (tags)
By deliberately confusing assets that can be *produced* with assets that can only be *acquired*, modern economics laid the ideological foundation for unemployment, poverty, inequality, and the looming global depression.
A History of Concealment and Deception (tags)
Washington hasn't the faintest idea about the kind of adversary it faces.. If Iran makes the Euro the oil trade currency, a greater flight from the dollar to the Euro and a catastrophe for the US could occur. The dollar will be weakened and imports more expensive.
The Censorship of the Corporate Press is bad enough, but we also have a problem with the so called "Independent Press," and sometimes with our supposed ally- indymedia...
Mr. Greenspan and the German Way (tags)
Greenspan's dilemma is that interest rates must rise to reduce the trade deficit ($617B in 2004) and keep foreign investors ($2B a day) though this could burst the real estate bubble and raise consumer prices. US prosperity is a credit-b ased prosperity.
biscuit activists block logging truck (tags)
On May 16th 2005, more than 75 people gathered on Eight Dollar Mountain road to demonstrate against logging Old Growth reserves at the FIddler timber sale and elsewhere as part of the Biscuit timber sale. Roadless areas are also on the chopping block for the SIskiyou WIld Rivers area, one of the most botanically diverse national forests in the country.
Bush ‘means test’ would wreck Social Security (tags)
WASHINGTON — Defenders of Social Security charged this week that a “means test” on Social Security as proposed by President George W. Bush would inflict huge benefit cuts for 70 percent of recipients, clearing the way to destroy the system vital to Americans’ economic security.
Weak Dollar and Strong Bush: China and US Debts (tags)
To stabilize the value of the dollar, the US needs a daily currency inflow of $1.8 billion.. The budget plan of the White House rests on unrealistic assumptions.. The Bush administration assumes higher revenues by means of the tax cuts.
Any realistic analysis of the Bush Administration and it's impact on the US and Global economy indicates that the US Dollar is being demolished. - Greensplat
Don't Blame OPEC; Higher Gas Prices Are Almost Entirely Bush's Fault (tags)
What is making oil so expensive is not energy policy or even SUV’s, dangerous as those are for the environment. It’s Bush’s massive deficits and his willful destruction of the US dollar that has gas selling at $2.30 a gallon and rising.
Hard Landing of the Dollar (tags)
The decline of the US dollar signals the economic weakness of the superpower and the structural crisis of capitalism. Since 1985 the US has become heavily indebted fo foreign countries. This foreign indebtedness amounts to 35 percent of the GDP.
The deficit can only be lowered by devaluing the dollar at least 20 to 30 percent.. In 1963 the deficit amounted to five percent of econo-mic output. This changed within eight years into a surplus of one percent. Economic growth, tax increases andspending discipline
With multiple crises—war, budget deficits and a collapsing dollar—on the horizon, the holier-than-thou Bush administration in the second term is likely to find itself facing a disaster of biblical proportions.
The immanent planned collapse ... US Silent As Euro Screams Higher
China Expects the Collapse of the Dollar (tags)
Since 2001 the dollar has lost 40% of its value; half of the loss has occurred since April 2003. In 2004 alone, exports from China to the US rose 35%. China depends on American consumers asmuch as the US depends on China's financing of deficits.
Bush and the Wild West Myth (tags)
"Texas is as little Bush-Country as Bush born in refined Connecticut and educated at the elite Yale University is a cowboy.. Whoever arrives in deepest Texas quickly notices that this image (the Texan political-cowboy) is a myth that only exists in films and politics.."
The Real Reasons Why Iran is the Next Target (tags)
The Iranians are about to commit an offense far greater than Saddam Hussein's conversion to the euro for his oil exports back in the fall of 2000. In March 2005 Iran is going to start competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-based international oil-trading mechanism. Numerous articles have revealed Pentagon planning for operations against Iran in 2005. The publicly stated reasons will be over Iran's nuclear ambitions, but the following unspoken macroeconomic issues explain the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-denominated oil Bourse.
US Dollar Heading for Collapse: Robert Reich (tags)
In painting a bleak outlook for the US economy, Reich suggested the worst is yet to come, especially if President George W. Bush and the Republican party's agenda of tax less and spend more is re-elected in Nov
AMERICANS NOT WELCOME AT OLYMPICS (tags)
This is a financial report, not a personal attack. VOLATILITY in TERRORISM INSURANCE markets is expected to consume profits and put pressure on the dollar based on the number of tickets sold to AMERICANS and ISRAELIS and the number of atheletes that do compete, or flip flop, none of which are really welcome to travel anywhere, except back to the house. please read on for master plan details.
OFFER TO BUY HALLIBURTON (tags)
The next dead troop was sponsored by Halliburton and confirmed by Paul Bremer according to Fox news channel. Bremer is some GOP thug in charge of stealing oil and killing Persians in Iraq.
DENNIS MILLER SHUT DOWN (tags)
Dennis Miller was not seen on my CATV system or the local NBC affiliate broadcast in MY NEIGHBORHOOD and if you see him in YOUR NEIGHBORHOOD he is sitting on GROUND ZERO with Desmond Tutu unless both of them decided to advocate MIGRATORY LIVING like the POPE. CHEVROLET TURNS KEY. WWWIII
War in US in 2004 Expected...Dollar Drops 25% to Euro (tags)
The Euro increased 25% in value to the dollar. The reason is because we have mafia in our Treasury, The National Treasury Employees Union...I was a bank Examiner
The Crash has Already Begun (tags)
"The crash has already begun! Every crash comes inthree steps, the stock market crash, the banking industry crash and finally the real crash, the collapse of the economy, businesses, jobs and the financial system.. The coming depression is the correction.."
CHERYL SEAL REPORTS: with Bizarro News Clips (tags)
Ashcroft persecutes liberals; dollar may melt down, Congress lets Bush reignite nuclear arms race, Bizarro news clips, etc.
Friends of the Iraqi Folk (tags)
87 Billion Dollar for Iraq, a great act
Attention FBI agents: Why does Amazon.com aid and abet terrorists? (tags)
Why is it O.K. for a multi-billion dollar company to sell and distribute information over the internet that will help aid and abet "terrorists"; but not O.K. for some teen to post a reference on his WWW site linking it to a site that contains similar information?
A Plea for Systemic Strategies (tags)
If we are to defeat the systems of oppression, we must in fact combat the very systems themselves.
America helps Iraq print "new" Saddam money (tags)
The likeness of Saddam is on the new money. "The Americans got rid of the old regime, so why are they printing the same currency?" Mudafar Mahdi, a businessman, asked Wednesday.
Ending The Good Times - Exporting America’s High-Wage Jobs (tags)
The growing ability of U.S. employers to substitute cheaper foreign labor for U.S. labor is putting pressure on U.S. wages and salaries. On April 26 the New York Times reported that the real earnings of those in the top ten percent fell 1.4% over the last year. The real weekly pay for the median worker fell 1.5 percent.
The clash between Great Powers ("Old Europe" versus and the Anglo-American military axis) broadly pertains to: 1 Defense and the military-industrial complex, 2. Control over Oil and Gas Reserves, 3. Money and currency systems: clash between the Euro and the Dollar.
Gnome$ for peace- How to Stop the Attack (tags)
Boycott the dollars and bring peace to the world. The more people you can persuade to join you in becoming a Gnome for Peace, the better the chance there is of weakening the dollar and the American economy by enough to prevent or limit a war.
The Real but Unspoken Reasons for the Iraq War (tags)
Although completely suppressed in the U.S. media, the answer to the Iraq enigma is simple yet shocking. The upcoming war in Iraq is actually an OIL CURRENCY war. The Real Reason for this upcoming war is this administration’s goal of preventing further OPEC momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. (This is a long essay)
Suing Bush Over 9/11: CNN says "Touche!" (tags)
Today CNN presented a story on the press conference by "600 9/11" families who are filing a 1 million dollar lawsuit against "international banks" that "support the terrorists behind 9/11. What a coincidence considering that the 400 9/11 family advocate group just went public on Donohue with their billion dollar lawsuit against the Bush admininstration for their malfeasance over failing to protect U.S. citizens as the attack was occurring (see other IMC post on "Donahue").
Denominational disaster as Bush mixes up his D-words (tags)
Oops. The Idiot tripped on his own tongue again. On www.indymedia.org, the person posting this story (ID#137159) proposes that Bush's apparent slip was, in fact, intentional -- so that his cronies could profit from the resultant currency fluctuation. Perhaps. More likely, the Moron just flubbed things up once again; and his Wall Street Dons, who knew he had merely mispoken, were probably able to take advantage in the interim before things were clarified.
The Ugly American Dollar Campaign (tags)
The United States dollar is being introduced in several Central and South American countries as a means of economic development. Even in Russia, the American dollar is more popular than the Ruble -- proving correct the old proverb: if you can't beat'em, buy 'em.
Big Bos Super-Nationalistic-Capitalism