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Old 09-20-2007, 03:21 PM
Mauser 98K is offline Mauser 98K
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part of the reason things are getting so expencive.

U.S. Dollar in Freefall: “Risk of a Disorderly Adjustment of Global Imbalances”

Published on Thursday, September 20, 2007.

http://www.blacklistednews.com/view.asp?ID=4304

Source: Financial Times - Peter Garnham

The dollar dropped to record lows through the $1.40 level against the euro on Thursday as the US currency continued its slide following the Federal Reserve’s decision to cut interest rates earlier in the week.

“The key $1.40 level has been breached and dollar weakness is evident across all currency pairs reflecting the prospect of a move in interest rate differentials against the currency,” said Derek Halpenny at Bank of Tokyo-Mitsubishi.

The euro’s rise through the psychologically important $1.40 barrier - seen as pain barrier for eurozone exporters - triggered a flurry stop-loss buying, sending the single European currency higher across the board.
The euro rose 0.5 per cent to $1.4035 against the dollar and by 0.4 per cent to £0.7006 against the pound – its highest level since January 2005. It gained 0.2 per cent to Y162.20 against the yen.

Meanwhile the dollar fell 0.2 per cent to $2.0050 against the pound, 0.4 per cent against the yen to Y115.55 and 0.6 per cent to a fresh 30-year low of C$1.0090 against the Canadian dollar. It also lost 0.9 per cent to SFr1.1739 against the Swiss franc.
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as the dollar falls it takes more and more to pay for oil and other items, and with a growing deficit, and all of the jobs going over seas and we selling nothing and always importing, can you say dead economy.
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Old 10-17-2007, 06:44 PM
Mauser 98K is offline Mauser 98K
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BlackListed News is Your Total Resource for
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http://www.blacklistednews.com/view.asp?ID=4530

Experts Fear Repeat Of 1929 Economic Crash

Published on Tuesday, October 16, 2007.

Source: Propaganda Matrix - Paul Joseph Watson
Two prominent economic experts have warned that "insiders with conflicts of interest" allied to the Fed's policy of tanking the dollar to bail out Wall Street could lead to a repeat of the economic crash of 1929, during a segment on Bill Moyers' PBS show.
"I think there are three big parallels between what happened in the 20's and what has been happening in Wall Street lately," Robert Kuttner told Moyers.

Kuttner is a veteran economic journalist and a former legislative assistant in congress.

"One is insiders with conflicts of interest that are not fully disclosed to the public generally, secondly - there's much too much borrowed money....particularly in the financially engineered parts of the economy....and third is the lack of transparency - regulators and the public don't get any kind of disclosure," added the former BusinessWeek writer.

Kuttner blamed an economy based on "asset bubbles" for the rising tension in the markets and said that, similarly to the 1920's, "engineered euphoria" and companies cooking the books had combined to endanger the safety of the economy.
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