1worldcurrency

Three Reasons Why the Dollar's Not Yet Done

The most efficient economic system would contain a single currency. It will happen soon whether we agree to it or not, because in the next generation, everyone will have access to and know how to use the internet.

If a government tries to print money, it will become immediately apparent to the world, and the index will adjust accordingly. It will be digital only, and based on a crunching of as many transaction prices as can be entered. Already grocery stores around the world track sales of chewing gum with scanned bar codes.

All creditors will demand to be repaid under the adjusted global index. National currencies are obsolete.

Paulson Trying to Rewrite His Own History

Every day I wake up appalled that Paulson has not been forced to resign.

Sentiment Overview: Bullishness Is on the Rise, Insiders Are Buying

Still going, pump monkey Gabe? I hope you aren't leveraged. Sentiment doesn't produce a viable electric car.

AIG Needs More of Your Grandkids' Money

Every Day I wake up shocked that Paulson has not been forced to resign.

What Does Bernanke Really Know about the Great Depression?

It's not what you don't know that kills you, it's what you think you know but can't possibly.

11 Stocks Selling Below Cash

Well people may sit back and let banks pay dividends using taxpayer money, or they may get really angry.

A Dual Strategy to Balance Banking Sector Trade

All I have to say is that according to the Treasury Department JPM has $90,000,000,000,000 (trillion) notional exposure to derivatives.

Maybe they made the right bets, maybe not.

Why TARP Has Failed

Failed banks must fail. Save the welfare program for those in need.

Promising Regional Banks For Patient Investors - Barron's

One question. You say banks "are expected to be profitable next year..."
Is that with the 700 billion dollar welfare program or without? Because others are lining up for their handouts, and they vote.

FOMC Statement: What It Really Says

"Stocks, real estate, commodities, will all skyrocket"

And wages? Got to pay the peacekeepers.

Gabe, the last of the true believers.

7 Steps To Restore Functioning Markets

Petyaczar got stuck holding the empty bag of ballast, and dearly wants the Ponzi game to go on alittle longer.

7 Steps To Restore Functioning Markets

These are all good. I would add, "Allow insolvent financial institutions to fail".
We just don't need that many.

Testing the TARP: PNC and NCC

From the garbage above: "Second, the use of the Troubled Asset Relief Program (TARP) funds is encouraging. It's a positive sign that banks are using the government's lending offer to get markets moving again."

What kind of bullshit is this? Even if that were a good thing, where is the evidence? All I see is Paulson working deals that benefit some private parties with none of the promised Congressional oversight. That and PNC apparently getting a huge tax break from NCC's losses. Someone has to pay for every god damned tax break that anyone gets.

Earnings on Tap for Thursday, Fingers Crossed

This is how:

"For the record ,JP Morgan does not even have a fraction of the 90 trillion dollars exposure in the derivative market."

Who is lying, the Treasury or Gabe Borenstein?

Ignoring or underestimating enormous risk got us into this crisis. Even Greenspan admitted it today, way too late to save his sorry reputation.

Chart of the Day: Bailouts Around the World

Of course, GDP is a BS number which includes "consumer spending".