Thread: Fed Threats To The Dollar, Real Threats To Your Life

Fed Threats To The Dollar, Real Threats To Your Life
Posted: November 21 2009

Fed devalues the dollar, retail remains uncertain, millions to foreclose, delinquencies rise, Fairfax police amok

October CPI rose 0.3%, up mom from up 0.2%, as inflation moves up again.

October housing starts were 529,000, building permits at 552,000. Starts fell 10.6% to the lowest level in six months.

Aetna will cut another 1,250 jobs.

Mortgage applications fell last week, with demand for home purchase loans dropping to a 12-year low even as interest rates fell to their lowest level in six months. Mortgage apps, for purchase and refi loans fell 2.5%.

The recently extended $8,000 first-time buyer includes those who didn’t own a home in the last three years and added $6,500 for homeowners buying a new residence. They increased income limits as well.

There is now no question that the Fed is in the process of massively devaluing the dollar, which is an insidious and subtle way for them to tax and confiscate your dollar-based wealth. This will lead to a much higher cost of living and diminish purchasing power as foreign imported goods rise in cost. That means higher inflation. That of course leaves the idiots like Gartman and Prechter wrong yet again. This ongoing deliberate dollar devaluation makes bonds, CDs and money market investments sure losers. That is why they have to be sold and switched into gold and silver related assets.

The new GCC unified currency may not be pegged to the dollar, but to a basket of currencies said Al-Watan quoting the finance and foreign ministers of Kuwait.

It turns out the Chinese are kind of curious about how President Barack Obama’s healthcare reform plans would impact America’s huge fiscal deficit. Government officials are using his Asian trip as an opportunity to ask the White House questions.

Detailed questions.

Boilerplate assurances that America won’t default on its debt or inflate the shortfall away are apparently not cutting it. Nor should they, when one owns nearly $2 trillion in assets denominated in the currency of a country about to double its national debt over the next decade.

Over the past several weeks, CDS on sovereign debt have rallied sharply. Investors increasingly fear that the massive amounts of sovereign debt will not be repaid. The following CDS chart on JGBs is alarming. While the surge in CDS on Japanese debt has retrenched over the past week, the CDS on US and UK debt have rallied…Our guess is the market fears another downturn will lead to more stimulus and more governments absorbing crappy paper and risk from the private sector…The last crisis flamed on fears of bank and major corporate solvency. The next crisis could be characterized by sovereign solvency fears.

Saks’ sales at stores open at least a year dropped 10 percent. The retailer reduced its forecast for those sales to a decline in the “high-single digitsâ€

Our gov't has betrayed us.

We are going New World Disorder, Anglo-Saxon freedoms are going to be a thing of the past. Demographics in America are worse than Europe, and give the liberals the racial advantage to push this crap though.

The military is brainwashed into Political Correctness, drawing from GANG MEMEBERS because the pool of 'Normal' Americans is so low.


Baiscly, we would need the military to counter any issues, basicly, it would be split down the middle most likely, and racial issues could be a big part of it.

This is way beyond Obama, this goes back to Bush/Clinton/Bush.

Reagan did not like Bush BTW....

Welcome to it. No where left to run.