(If you can’t view the Youtube below, you might be able to view here instead, h/t James)
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Stacy Summary: Will continue putting a few headlines here over the course of the day, but here’s what I’m looking at right now.
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Stacy Summary: A number of states, including Russia and China, have repeatedly called for a new reserve currency system. The UN has now suggested using a basket of currencies for this purpose. London-based markets strategist Nick Parsons believes it’s only a matter of months before the dollar will start to go down.
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Stacy Summary: UN report urges ditching dollar as reserve currency and replacing with something like SDR, with no gold included in basket. Here is the full report, still reading it but they seem to slam globalization as well in section 5.
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Stacy Summary: In the words of @Mike/Liverpool . . . gold is getting killed!!!
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| From MaxKeiser.com Images |
In the meantime, the dollar is also relatively strong.
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| From MaxKeiser.com Images |
**UPDATE**: And UK pound sterling diving.
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| From MaxKeiser.com Images |
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Stacy Summary: Phase two starting to pick up? Turmoil coming from Dubai, Germany & Greece. 1 month treasuries at 0.000%!
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Stacy Summary: Max did say that the credit crisis has entered phase 2 in the last news appearance, here is Merk saying the same . . .
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Stacy Summary: Thanks to @A New Era Begins for linking to this. I suspect this is part of the whole dollar carry trade, speculative casino crazy global ‘financial system’ (sic) we have.
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Rick Ackerman
King World News Mish Karl Denninger – Market Ticker Michael Hudson ZeroHedge The Big Picture![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
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