Goodnight, Irene

Bloomberg (props yet again to Zerohedge); China makes a major move clearing the way for dropping the use of USD in international trade: Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Japanese government [...]

By |2011-12-27T13:28:26-05:00December 26th, 2011|Economy|0 Comments

Cliff Diving 101: The Race To The Bottom

Precious metals "bugs" have long predicted that the final phase of the hyperinflationary depression would be a "race to the bottom." This race is a currency race, or more correctly a war, where each nation tries to boost its domestic industries by making its exports cheaper. How does it do that? By shamelessly and radically [...]

By |2011-09-06T14:50:11-04:00September 6th, 2011|Economy|0 Comments

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