The Spring of Discontentment

SR,

... 'tis about time you showed up ...

... don’t be so hard on us … at least I’ve been reading your posts and links with avid interest. I am not an economist but can kinda-sorta sense when something is waaaaay out of line. I once made a brief outline of issues involving US debt … issues that continue to bother me to this day. The economic picture has only become more disturbing since them … and we continue to spend like drunken sailors (are the plasma TVs two-for-one yet?).

http://www.chowk.com/interacts/10127/1/0/0#256542

Here's the Ron Paul link you once provided … certainly worth reading (or listening to …)

http://www.lewrockwell.com/paul/paul303.html


(What's the scoop with posting live links ... ???)

Here is another 'deeda-ver'

Dr Tarik El Diwany
http://www.islamic-finance.com/item18_f.htm

#13 Posted by haji004

Bernanke's naïve comment the Dollar traded at its three year lowest against the Yen as well ...

Bernanke naive? Hmmm ... the author obviously knows something Bernanke does not.

There's an axiom in the markets that when housemaids and bartenders (and kiryana merchants) jump into the markets, it's time to get out.

I asked Anil Saheb a question a while ago which he never answered. It is:

Dollar depreciated 11% during 2007 against Euro, but less than 6% against JPY. If all three are floating currencies and the USD goes down, others should go up by the same proportion merely by translation. JPY didn't. Why?

Above is the acid test for folks who just shoot off from the mouth with typically superficial understanding.

(P.S. The recent rise of JPY was due to unwinding of Carry Trades following an increased risk-aversion in Credit markets which changes all the time. Nothing to do with value of USD).

Re: # 17 Re: Ron Paul

Sattar sahib

Thank you for bring up Ron Paul's link. Unfortunately, his bid for president has yielded only 14 delagates. He makes way too much sense for America to listen to him attentively. Only slick talkers with forked tongues can get anywhere in the political circus that passes for democrazy...

The chickens, it seems, may well be coming home to roost. The credit implosion has been underway only for a few months and, regardless of what officialdom and their pimps on Wall Street tell you, there is NO END IN SIGHT... It may be almost 2010 before the true magnitude (depth and breadth) of the economic fiasco is evident.

In practical terms what does it mean to folks around the world? As far as I can see, this is the beginning of the end of the empire. A global military contraction, call it retreat if you want, will begin and be well underway before the NEXT president's term is over. The 702 US military bases in 135 countries (located outside 50 US states) will HAVE to start unwinding.

The fate of the US dollar as a global reserve currency is sealed. The party is over for the Old Model and its down hill from here. On to the New Model.

No matter what, the US is a Great Power and keeps many aces up its sleeve. The dollar may be shod, but what is to stop the formation of the North American Union (NAU) and the launch of the Amero currency, implicitly backed by Canadian natural resources?? Mexico and Canada will have a hard time preventing the Big Giant from "ASSIMILATING" them.

Resistance is futile

...SR