Don’t Look Now, But the US Dollar is Tanking Hard, Too

Joe Weisenthal Business Insider 11/30/2010

Don’t look at the dollar rising against the euro, because the euro has its own issues right now.

Look at the dollar collapsing against the yen (not to mention the ONE TRUE CURRENCY)

Lots of strange stuff happening.

The terrifying graphic is at Business Insider.

Calling a Shamrock a Shamrock

Howard Rich Rasmussen Reports 11/26/2010

As the European economy grapples with yet another bailout of a bankrupt sovereign state, a storyline is emerging that seeks to frame this latest instance of government interventionism along deliberately disingenuous lines. According to this misleading narrative, Ireland’s abysmal fiscal condition did not come as a result of chronic state […]

World Bank Chief Calls for Return to Gold Standard

MoneyNews.com 08 Nov 2010

Leading economies should consider adopting a modified global gold standard to guide currency rates, World Bank President Robert Zoellick said on Monday in a surprise proposal before a potentially acrimonious G-20 summit.

Writing in the Financial Times, Zoellick called for a “Bretton Woods II” system of floating currencies as a successor […]

US Treasury delays China currency report

Madeleine Morris BBC News, Washington 3 April 2010

The US Treasury is delaying by several months a report on whether China manipulates its currency, the yuan.

Treasury Secretary Tim Geithner said he would delay the report, which was due out on 15 April, until after a series of high-level international meetings.

The decision may improve […]

China hits back at Obama on Yuan

Central Banker Takes Issue With Obama’s Currency Remarks, in New Testiness; Beijing Says U.S., Too, Has Share of Abuses

The Wall Street Journal by Sky Canaves and Aaron Back 3/13/2010

BEIJING—China responded sharply to U.S. criticism of its currency and human-rights practices, the newest indicator of testy relations between the two powers.

A senior […]

Spectre of double-dip recession looms over UK

Fears grow after industrial investment slumps and leading investor warns that pound could become a ‘basket case’

Larry Elliott, Jill Treanor and Luke Moore Guardian [UK] 26 February 2010

Fears of a double-dip recession and a sterling crisis in the run-up to the election were raised last night amid news of collapsing investment in […]

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