October 11, 2010
US Due for Debt Collapse
As the US debt reaches unprecedented levels, expect collapse sooner rather than later.
As the US debt reaches unprecedented levels, expect collapse sooner rather than later.
Original story here . In time, everyone will be calling for a more international approach to pricing everyting, including commodities, goods and services and maybe even US securities. This doesn’t bode well, of course, for the world’s largest printing press and the state of borrowing in the US. Potential outcomes: a big drop in the value of the US currency on the global stage, a […]
It’s about time: folks at the UN are recommending that the world ditch the US dollar in favour of a shared reserve currency. Original Reuters story here . For years (arguably, decades), the US has dominated the world economic scene because they’ve been very effective in having everything trade in US dollars, including commodities, treasuries and other securities. The commodity shock that the world felt […]
Please note: the opinions expressed in this blog do not constitute financial advice. Any investment action that you take in response to this article or other articles on this blog (or other blogs, for that matter) should be done with the support or review of a registered financial advisor. The government of China has announced that it will reduce the volume of $US transactions, mainly […]
Please note that any opinions related to this or other articles on this blog do not constitute financial advice. Any action that you take should be done so only with the advice and support of a financial planner or registered advisor. The US is about to lose its AAA financial rating . The thought ‘no shit’ is the first to come to mind. These people […]