Wednesday, May 18, 2005

Continuing Cracks - Part 11

Since I started this blog I've been documenting the "Continuing Cracks" in the US dollar domination of global finances. The diminishing sale of our Treasuries to Japan and China (and now Norway) and the hint of trouble in the hedge funds (which have gone exponential). This article ties them together and reveals Federal Fudging of the Data (FFD).

"This is news. This is deadly serious and has extremely dire implications for each and every American citizen – no – how about each and every person in the industrialized Western World? Remember, folks, the American Dollar currently still enjoys global reserve currency status. This is a privilege – not a god given right. As such, the dollar’s fate is of grave and utmost concern to many beyond US borders.

I do not understand how a “press” that claims to be the freest in the world can remain stone silent on this issue. Don’t you think we all deserve better? Does anyone really believe that ignoring this issue and failing to report it altogether will alter the stark, dark and disturbing reality outlined in the Treasury’s own published numbers?

Better put your mitts on folks – and get in the game. In absence of an explanation to the contrary, it sure looks like somebody’s monetizing debt and printing money – and lots of it. The silence on the part of officialdom on this issue is truly deafening. Remember folks, the shenanigans outlined above are all brought to us by the same swashbuckling clowns who claim the economy is doing fine, there are lots of jobs, are adamant that the gold market is not rigged and oh, yes, they perpetually remind us that inflation is a non issue too. What a mess."

(Click on title for complete article.)

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