Please check out this special series of articles, hosted by the Fiery Alex Jones at his site Infowars.com.
I fear that economic instability of the first order is just around the corner, and you and I need to prepare for the worst, while always hoping for the best.
I plan on doing some analysis of the situation, and posting my thoughts on this here blog.
In the meantime, stay informed, stay in touch with your financial professional, and DIVERSIFY your assets. A little gold or silver in your holdings never hurts.
HOLD ONTO YOUR HATS, Ladies and Gentlemen.
Kumo out.
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Edit:
Check this article from Market Oracle:
... Saudi Arabia Just Says "No" To the Fed's Rate Cut
Saudi Arabia's currency, the riyal, has been pegged to the dollar since 1986. In other words, the two should trade in tandem based on a fixed exchange rate (3.75 riyals for every dollar).
And as I explained a moment ago, interest rates affect currencies. Thus, when a currency is pegged to another, the two countries involved need to follow parallel interest rate policies.
That's why yesterday's news — that Saudia Arabia decided not to cut its interest rates — was a shock. Apparently, the Saudis are worried that enacting rate cuts would just bring more inflation into their economy.
Now, many market watchers are worried that the country is considering breaking the dollar currency peg altogether. What would that mean? It means that …
#1. The Saudis could start selling their massive stash of dollar reserves.
If they were to abandon the dollar peg, the Saudis would no longer need so many greenbacks. They would have every incentive to reduce their dollar holdings to avoid losses. And they would have every reason to trade those dollars for other currencies such as euros and pounds...
And, dear readers, the dollar is the Achilles heel of the U.S. economy, which is already bankrupt as I type this.
Please see more of my writings on the subject here.
Kumo5000.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-jpy-small.gif)
2 comments:
OT but not that much OT:
Ron Paul finished third ahead of Guiliani and Fred Thompson in the Michigan straw poll.
Romney — 39
McCain — 27
Paul — 10.8
Giuliani — 10.6
Thompson — 7
http://hotlineblog.nationaljournal.com/archives/2007/09/post_219.html
When the field of 10 inevitably begins to dwindle much of those votes will begin to go to Ron Paul. As his support increases the media will be FORCED to acknowledge him. And when MORE people hear about Ron Paul his support will increase further, hacking away at the lead of the "frontrunners".
FOR THE FIRST TIME I AM BECOMING OPTIMISTIC ABOUT RON PAUL'S CHANCES- and as an extention AMERICA'S.
Even if Ron Paul loses he'll probably pave the way for someone else in the future who may have not only the intellectual appeal BUT ALSO the charismatic one also (to pull in the female votes).
Barry Goldwater paved the way for Ronald Reagan. If Ron Paul doesn't win but makes an impact this year maybe he'll pave the way for someone else.
As for the news article: it is just another example of the dire situation that we are in. But I think some people are starting to wake up though. A couple of weeks ago I was watching CNBC and the ACTUALLY had a couple of segments where they were arguing if the Federal Reserve causes more harm than good and whether it should be abolished. They had a guy from the Ayn Rand Institute argue YES. Now, OBVIOUSLY the hosts and tehe other guests disagreed but the simple fact that they were arguing this SHOCKED me.
"FOR THE FIRST TIME I AM BECOMING OPTIMISTIC ABOUT RON PAUL'S CHANCES- and as an extention AMERICA'S."
Change has to come bro. It's either Paul or Die, for serious. Looking back at American history, whenever the country was about to be ripped apart at the seams, someone appears to step in and guide the joint back to some measure of stability.
Let's hope it history repeats itself. Otherwise, this berg is toast.
"A couple of weeks ago I was watching CNBC and the ACTUALLY had a couple of segments where they were arguing if the Federal Reserve causes more harm than good and whether it should be abolished. They had a guy from the Ayn Rand Institute argue YES."
That is shocking, considering that Ayn Rand's Atlas Shrugged is the blueprint of global new world order ism!!
But yes, I do think that even our Money Men have realized that they have gone too far, and they are getting scared. The situation looks damn ugly, no matter how rosy a picture CNBC talking heads make it appear.
But it all boils down to the fact that the stock market rides the backs of the people. If power and liberty is returned to the people, and bullshit laws such as VAWA, No Fault, and such are repealed so that the people can go out and work, save, marry and invest with some measure of security, then you will see REAL growth again, not just fake growth that is fueled by debt products.
/soapbox off.
We live in interesting times my brother.
GO RON PAUL!
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