China Dumps US Dollar Denominated Debt: Bank of China flees Fannie-Freddie

This is the absolute worst case scenario. China has been propping up the US economy for years, allowing it to wage wars and keep up consuming. For China to get rid of its US dollar denominated debt is a watershed action. The day of the total collapse of the western financial system is nigh. Bank […]

Large U.S. bank collapse seen ahead

By Jan Dahinten SINGAPORE (Reuters) – The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world’s biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday. “The U.S. is not out of the woods. I […]

The Greenback Blues: Something’s Gotta Give

While NZ News papers deceive the punters with the optimistic news that the dollar is on the mend because it is going “up” against the dollar hoping that the kiwi’s will be stupid enough to believe it the reality is that the Euro is in freefall against the dollar. It is just a matter of […]

Taxpayers’ bill leaps by trillions

John Key wants to borrow money so New Zealand can have a better infrastructure. While I’m sure that there are areas that could do with improvement it seems ludicrous to borrow money in times of world wide economic upheaval. If you think that the economy is going to get better any time soon, I have […]

Has the Battle for America Begun?

This article contains several forecasts, including the possible start of a major war with unforeseeable consequences, if the U.S. should happen to attack Iran . Of course it is in the nature of forecasts to be speculative. There are also forecasts that are intended to serve as warnings and thereby contribute to preventing the events […]