pharma

Commodities: Oil Correction Likely; No Gold Bubble

The US empire is a giant with clay feet is about to collapse.

How long will the rest of world sell to America goods for US peso?

A Closer Look at 4 Commodities

Deacon, just a note.

In his PBC interview, just a few months ago, Greenspan stated that making financial decisions he always put social consequences as his highest priority.

The Last Time Globalization Collapsed: Parallels to Today

"don't know where you dug that up, but Russia was the first country to mobilize its troops in WW1 and that's what started the war."

This popular version is "nice" but it was not the real reason for the war.

The main driving forces responsible for the WW1 were England, France and the USA.

The reason was quite simple: both Germany and Russia were growing very fast threatening to vital geopolitical interests of England, France and the USA.

British diplomacy was very skillful in provoking a major war between Germany and Russia using paramount stupidity of Russian Czar Nikolas II.

Even after declaring a the war against Russia, German troops did not move an inch. German kaiser repeatedly offered peace to Russia but Russian Czar initiated the confrontation. For this, the czar and his entire family and most of his relatives were slaughtered.

Following the WW1, Germany, as European power, has perished. But the new monsters hostile to England, France and the USA has appeared: Bolshevik Soviet Union and Nazi Germany. This followed by the WW2.

PS
The situation prior to the WW1 reminds me the present situation with the emergence of China and Russia.

Fed Rate Cuts Backfire, Lift Gold and Oil into Orbit

Unfortunately, democrats do not offer any alternatives.

The entire US economic model is a joke. "Consumer society" is nothing more than a fraud. One can only wonder how it could last for so long.

It is obvious that Bush administration and Feds would like to move the problem [a deep recession or a depression] past this year election. But being so incompetent, their chances are zero. Only one area where they will succeed beyond their imagination is ruining US economy.

5 Reasons to Save the Greenback

This is a great idea!

I would only suggest that all world should bail out the USA dollar and economy not just for 3-5 years but for 30-50 years. This will be more fare.

If all these greedy Europeans and Asians refuse, America should declare an operation "European Union/Asia Freedom" and invade /occupy all of them.

People get over it. The USA was living a parasitic way of life for the last 10-15 years exchanging US$ paper for the goods we have consumed. The party is over. The time has come to pay the bills or start "washing dishes".