Stacy Summary: Poor @Mike/Liverpool. Like I said in one of our podcasts, all currencies are falling, it’s just the dollar is falling so much faster.
Brazil, South Korea and Russia are losing the battle among developing nations to reduce gains in their currencies and keep exports competitive as the demand for their financial assets, driven by the slumping dollar, is proving more than central banks can handle.
Stacy Summary: Factory farmed food and factory farmed consumers. Oh it is just too gruesome. What stories are you reading on this Sunday? And is it cold where you are too???
Stacy Summary: Cash is King in a global debt collapse and the debtor nations & other nations beholden to oligarchs are pleading with the Chinese & Brazilians to give them more money.
Pimco trial balloons, unaffordable mistresses, toxic bailout plans and, as we predicted in our 2005 hit, “Whitey is doing a runner” – whitey gets the blame for the financial crisis.