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The yen declined versus the Australian and New Zealand dollars for a second day as signs the global recession is easing spurred demand for higher-yielding assets. Japan's currency fell against all 16 major currencies after the Federal Reserve Bank o ...
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by Ellen Brown Global Research Web of Debt While contrarians are screaming “hyperinflation!”, the money supply is actually shrinking. This is because most money today comes into existence as bank loans, and lending has shrunk substantially. That means the Fed needs to “monetize” debt just to fill the breach. On June 3, 2009, Federal Reserve Chairman Ben Bernanke assured Congress, “The Federal Reserve will not monetize the debt.” Bill Bonner, writing in The Daily Reckoning, said it
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Asia Session Recap The Asian trade week draws to a quiet close with most major currencies range bound after yesterday’s big dollar positive moves before the NY close. After a few US releases of uplifting data many investors are ...
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It is hard to believe that anyone can be caught with $134 billion worth of bonds in a false-bottomed suitcase. I did a search for “134 billion” and even Google couldn’t believe it. Here’s Keith Hudson’s take on the story. There’s a riveting story in today’s Sunday Telegraph about two Japanese gentlemen carrying $134 billion of US state bonds from Italy into Switzerland in a false-bottomed suitcase. This is, of course, a gargantuan amount of money. However, border guards at Chiasso saw the
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I have received a number of enquiries about the Don Coxe webcast not having been updated last week. Don does skip a week every now and then, but the good news is that it was updated yesterday, June 19. You can access the recording from the sidebar of the Investment Postcards site by clicking on his photograph. I have also made a small change to the sidebar item in that the date of the “Current call” will change at the precise moment a new webcast is posted, making it easy for you to know when
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by James Goldman Gold has recently become an attractive investment asset for investors because of a typical phenomenon known as doom and gloom. Gold is also a hedge against all the bad news that brings the bear markets. Bear markets usually triggers the interest in precious metals and especially gold. However, the bad news is unlikely to be accompanied by economic inflation. There isnt any cause and effect relation between gold investment and inflation. Gold investment is a typical form of c
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The internet and it's evolution is synonymous with the leadership in American technology. However, like every thing else, the world is catching up and over taking the US. One clear example of this is internet usage, which is now the highest in China as shown in the graphic from a recent Economist article . Now, China’s population is three times that of the US, so it was only matter of time before internet usage there surpassed us over here. Eventually, India will also jump higher than the US. I
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My recent article, “ Hurricane Fed approaches and it will be HUGE ”, was linked by Lila at The Mind-Body Politic .  In the comments to her article, a commenter named Clark had a few questions, which I would like to address to the best of my ability here.  The block quotes are his comments and questions , the regular text is, of course, my response. I couldn’t post over at his site [ The Holy Cause ] for some reason. So, I’ll post here [at Mind-Body Politic] if you don’t mind. The questi
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Stocks advanced, trimming the first weekly decline in a month, and currencies of commodity producers strengthened against the yen as prospects for an end to the recession stoked demand for higher-yielding assets. The Dow Jones Stoxx 600 Index of Eur ...
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Filed under: International markets , Forecasts , Other issues , India , China , Brazil , Russia The BRIC nations -- Brazil, Russia, India, China -- basically the powerhouses of the developing world, recently met to discuss, among other things, the possibility of forming an effort to move away from the dollar as the world's reserve currency. Among options for consideration: a) a shift to another hard currency, b) a shift to a basket of currencies, and c) the possibility of the Int
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