[NYer]

Fred A. Kingery is a self-employed, private-equity investor in domestic and international financial markets from New Wilmington, Pennsylvania.

[NYer]

Catholic Ping
Please freepmail me if you want on/off this list

[Atlas Sneezed]

Just sat down to my computer, looked at the charts for Gold and Silver this morning, and the first thought in my mind about what I saw was “Death of the Dollar”.

[ArtyFO]

Spot gold is spiking steeply today, already at $1040.

[KarlInOhio]

or turn to the Federal Reserve to monetize our future funding needs.

Who would ever dream of making a South American country a loan denominated in their own currency? We are approaching that point? I expect that before the end of Obama's (hopefully single) term, we will likewise have to borrow in Euros, Yen or some international basket of currencies instead of dollars.

[RobRoy]

The US is definitely going down. I have NO doubt.

However, the rest of the world will be right behind us. And that is the dirty little secret that the other nations all know.

If someone owes you money, you don’t want him to lose his job.

[reefdiver]

Addicts have to crash often to realize they are at the bottom

[Diana in Wisconsin]

“Consequently, there will probably be a Thelma and Louise moment for the U.S. dollar in the not-too-distant future.”

I always thought that ending was a waste of a really cool car, LOL! I mean, they could’ve just flung themselves over the cliff!

Anyhow, just be prepared for anything. It’s going to get ugly. I don’t know of a single thing that can stop this downward spiral we are in, and we will drag the rest of the world down with us.

(Well, I KNOW what would stop it, but we won’t get it from this administration. Destruction of the economy and our way of life are ‘reparations’ long over due in their twisted little pea-brains.)

[GOPJ]

Economic warfare against the United States is now a very real possibility. Should China and a like-minded group of other non-citizen holders of U.S. debt wish to diversify away from an excessive exposure to the U.S dollar, then our government’s ability to secure financing could become seriously questioned.

Didn't the Arabs start this yesterday?

[NeoCaveman]

uplift ping.

[blam]

Three Government Reports Point To Fiscal Doomsday

[the invisib1e hand]

This article could have been written a number of times since Bretton Woods. Not necessarily inaccurate, but about as timely as reports of recurring sunrises.

[TopQuark]

"The origin of this financial train wreck has more to do with politics than economics. We are a nation hooked on borrowing simply to support government-sponsored consumption"

The author thinks that economics is what he saw in Econ 101. People's choice of government is an ECONOMIC choice. American people, together with all other choices made at the time, have chosen a socialist-leaning government. That was an economic choice.

[NYer]

Ping!