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Things Fall Apart: Complexity, Supply Chains, Infrastructure & Collapse
IEA Economist Warns about World Oil Supply
ASPO-USA Peak Oil Conference in Denver October 10-13; Get discounted rates this week
Drumbeat: August 3, 2009
Drilling through Rock
Drumbeat: August 2, 2009
Li Lianzhong, who is head of economics at the party's policy research office, said the U.S. dollar is poised for a fall, making gold and land better investments for China's $1.95 trillion in foreign exchange reserves, the report said.
As I said in an earlier post, there is a lot to take in regarding this crisis, and can't be simply summarised by posting a couple of articles on a board. If you have any queries feel free to PM me and I'll be happy to send you some other articles.
It is not at all clear that the Treasury will be able to sell its debt instruments in 30 months, and it has nothing to do with health-care costs
The Treasury debt-marketing problem has to do with two back-to-back U.S. fiscal year budgets each with a $2 trillion deficit. The size of the U.S. deficit exceeds in these troubled times the supply of world savings available to fund the U.S. government's wars, bailouts and stimulus plans.
The size of the U.S. deficit exceeds in these troubled times the supply of world savings available to fund the U.S. government's wars, bailouts and stimulus plans. If the Federal Reserve has to monetize the Treasury's new borrowings by creating demand deposits for the Treasury (printing money), America's foreign creditors might flee the dollar.
Here is the way Williams explains how statistics can produce false signs of recovery. The economy has been contracting for so long that a plateauing of the falloff in home sales compared to the previous time period's more rapid contraction can appear like a gain.
The Census Bureau itself notes that the reported 11 percent increase in June home sales might be illusory. The reporting agency says that the gain is not statistically meaningful at a 90 percent confidence interval and that "the Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero."
new monthly or quarterly figures are being compared to prior periods of collapsing activity. "Improvements" are thus artifacts of the prior collapse and not signs of economic rebound.
The reported unemployment rate is itself deceptive, as it no longer includes discouraged workers who have been unemployed for more than a year. These long-term discouraged workers are simply erased from the rolls of the unemployed.
I don't know much about George Soros, and even less about the Illumaniti. I have never seen any proof of their existence
California bond sale exceeds expectations
State officials had planned to sell $4 billion in debt. Investor demand pushed the total to $6.54 billion.
Originally posted by ipsedixit
Am I getting the implications of the OP's post? There will be a massive restructuring of international financial relationships when America defaults on it's loans. A whole echelon of bankers and capitalists will be wiped out and for all intents and purposes we will enter an era of bartering in international trade.