EUARTE

Implications of a 'Failed Detroit' Are Hurting the Dollar

The reality is that bankruptcy is the road for a strong auto industry. This would be a reorganized Detroit and the foreign manufactures in the United States. Combined they will be a powerful industrial component.

Alas, this reality is not the short term perception and may, short term, influence the dollar in a negative manner.

It is ironic that the United States was a main cause of this world wide mess yet may come out stronger than ever. The EU will remain weak for a long time saving the power of the dollar. This will give Washington time to put it's debt in order.

Under Obama, with his expensive spending plans, may kill this. We shall see.

G-20 Summit: A New World Order?

The sorry truth is not one member of the G-20 is going to agree to anything of substance. Countries like Brasil want hand outs even though they have large dollar and € reserves.

In truth all the currencies are heading to zero value. None of us will like it and many will suffer but depression is the answer.

The G-20 Sings a Song of Sixpence

The IMF lost any meaning for decades and is still around. Useless and best know for pasture and reward for political hacks and people needing a line on their resume.

If every country is near broke where will this IMF get the money to shore up Iceland, Russia, etc.?

This crisis lacks anyone who really understands what is going on and who has the following to push a solution through.