Why Strong US Dollar Foreshadows Economic Doom in 2010 - Pravda.Ru
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Why Strong US Dollar Foreshadows Economic Doom in 2010 Front page
/ Business / Finance
22.12.2009
Source: Pravda.Ru Pages: 1 2
Normally, in what passes for Orthodox economics, a strong currency for a consumer nation is a good thing, a positive development. And America is the biggest consumer, and one of the smallest producers, in human history.
Monsters under the Microscope
However, in these turbulent times, this economic train wreck that has been on an acceleration course since mid 2007, a strong currency or rather, specifically, a strong dollar is an absolute disaster. Allow me to explain. Nothing has actually changed in the US economy since the absolute collapse and nationalization of the US banking firms, and along with it the British banking houses, of 2008. Indeed, in America, the exact same games that brought down the private banks are still being played by the now government owned (or is it that they own the government...that is for another thesis) entities and this is called now BREAKING NEWS called recovery. Case in point: several major banks are paying back their TARP Europe in the middle of funds and the US press is screaming to political and social crisis the high heavens about the wisdom of the Marxists running America. True, many of the fools that are still the majority, though shrinking, of the electorate, buy into this, but let us look closer. The TARP fund is being paid back in one of two ways: 1. unspent TARP monies are being given back to the government (note I do not say owners, since the tax serfs will never Red Carpet of the Oscars 2010 ever see this cash again) and this is More... called recovery or 2. The banks are selling new stock through new IPOs to pay back the debt, which in turn dilutes the value of the old stock which is held by the government, thus giving with one hand and mugging with the other, again, this is called recovery. None of the other US economic indicators have improved, especially when DC's fluff and out right lies are removed.
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Now having established the continued progression of the US financial collapse, why than has the USD grown in strength so much in the past 2 weeks and continues to do so? For that we must look a the world wide picture and to the foundation of the next tidal wave that is about to sink us all. The great Anglo Heist, the out right con job and mugging of the entire world by the Anglo Saxons (US/UK) has kicked out the supports of a lot of other nations, many of whom were dancing on supports of smaller EU and Gulf Arab con jobs. These have spent all of 2009 trying to balance themselves on a single stilt that itself is rotten through and through and again, the Western press has called this recovery or at least survival. http://english.pravda.ru/business/finance/22-12-2009/111306-strong_dollar-0
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