Dollar to fall under scrutiny at G20 summit

Apparently the French Press is the only major media outlet that wants to address this issue. Under the pretext of correcting trade imbalances and aiding developing nations, The UNCTAD and Chinese proposals, below, would have the effect of getting SDR bonds into circulation by monetizing international debts, purchasing investments in local currencies, and so creating an international currency based on a floating basket of investments. [more...]

Date: 2009-09-24 21:18:13

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The Kangaroo is Still Hopping

T oday was one of those days when a couple of trends came together that should be making us think seiously about changing our current fiscal and monetary policies. The first thing I was was this debt chart from John B Taylor that shows how our current policy will effect the national debt. Projected national nebt as a percentage of GDP This what you call your unsustainable debt path. [more...]

Date: 2009-09-25 03:07:24

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