Stacy Summary: In the words of @Mike/Liverpool . . . gold is getting killed!!!
 |
| From MaxKeiser.com Images |
In the meantime, the dollar is also relatively strong.
 |
| From MaxKeiser.com Images |
**UPDATE**: And UK pound sterling diving.
 |
| From MaxKeiser.com Images |
  |
 |
Stacy Summary: Phase two starting to pick up? Turmoil coming from Dubai, Germany & Greece. 1 month treasuries at 0.000%!
|
|
Stacy Summary: Max did say that the credit crisis has entered phase 2 in the last news appearance, here is Merk saying the same . . .
|
|
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.
|
|
Stacy Summary: Wow. The Mexicans are soon going to be grateful for that fence . . .
Unemployment has hit migrant communities in the United States so hard that a startling new phenomenon has been detected: instead of receiving remittances from relatives in the richest country on earth, some down-and-out Mexican families are scraping together what they can to support their unemployed loved ones in the United States.
|
|
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: For you afternoon off topic headlines, sense, nonsense, chit chat and jibber jabber.
|
|
Stacy Summary: Your thoughts?
“I hope that as the largest economy in the world and an issuing country of a major reserve currency the United States will effectively discharge its responsibilities,” Wen said at a news conference in Egypt, according to wire reports.
|
|
Stacy Summary: All are speaking as one on the dollar. (Sounds to me like they are encouraging more speculators to pile in on a ‘one way bet’.)
“There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a report published yesterday. “These trades may be contributing to upward pressure on the euro and some emerging-economy currencies.” While the dollar “has moved closer to medium-run equilibrium,” it is still “on the strong side.”
|
|
Stacy Summary: Reminds me of the opening clip in this promo taken from the Oracle where Max talks about the Bermuda Triangle of debt.
|
|
Rick Ackerman
Karl Denninger – Market Ticker The Big Picture Mish David Morgan King World News SmartKnowledge GoldCore Michael Krieger’s libertyblitzkrieg
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
