Whew, I can’t believe I got all that in headline! Anyone who has read this blog for any period of time knows I’m a pessimist on the economy, in short I don’t see any reason to be hopeful: Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting [...]
Train Wreck: Retail Sales Fall, Jobless Claims Rise, Foreclosures set Record and the Dollar Crisis
January 14, 2010 By Leave a Comment
Sarah Palin: Dollar’s Troubles Show Need for Energy Independence
October 7, 2009 By Leave a Comment
Two days ago the British newspaper The Independent published a rather dubious report by Robert Fisk claiming that oil-producing Arab states along with China, Russia, Japan and France were conspiring on a plan to dump the dollar for oil trading, a move which would seriously weaken our currency and influence abroad. The Arab states named [...]
John Shadegg: Geithner Needs to Explain Shift
March 27, 2009 By Leave a Comment
Congressman John Shadegg (R-AZ) wants to know why Treasure Secretary Tim Geithner isn’t facing tough questions over his apparent change in positions on China’s request to abandon the dollar as the global currency: (CNSNews.com) – An Arizona congressman wants to know why Treasury Secretary Timothy Geithner isn’t facing tough questions over his apparent about-face on [...]
Idiot: Geithner Speaks, Dollar Sinks
March 25, 2009 By 1 Comment
In remarks before Council on Foreign Relations today Treasury Secretary Tim Geithner said the U.S. is open to an SDR linked currency… Geithner later clarified his remarks by saying that “the dollar remains the world’s dominant reserve currency” and that that is likely to continue for some time, but the results of his remarks were [...]
It’s About Time…
June 22, 2008 By Leave a Comment
Finally! We’re finally starting to see some signs of life from the Bush administration and republicans in congress. Unfortunately, what we’re seeing is another half measure… I’m all for increasing domestic oil production and building new refineries, but those measures won’t have a significant short term impact on the price we pay at the pump. [...]
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