Archive for the Category ‘Economy Doom’

Chavez devalues Venezuelan currency

Chavez devalues Venezuelan currency

CARACAS, Jan 9 (Reuters) – Venezuelans rushed to the shops on Saturday, fearful of price rises after a currency devaluation.
The opposition seized on fears that prices for imported goods will double as shoppers formed lines of more than a hundred people outside some stores in the capital Caracas.
“It was a Black Friday, tinted red,” [...]

Timothy Geithner Faces Possible Criminal Charges over AIG Coverup

Timothy Geithner Faces Possible Criminal Charges over AIG Coverup.

China’s Dumping Of The Dollar Has Begun

China’s Dumping Of The Dollar Has Begun

BusinessInsider – Dec 17th 2009.

China, once a proud holder of United States post-World War II debt, is getting scared.
For years the People’s Republic has bought U.S. Treasuries, eventually becoming the largest holder of U.S. debt ($799 BILLION to be exact!). Those days are long gone, though.
During 2009, China hasn’t been buying many Treasuries and has [...]

North Korean misery as currency evaporates

North Korean misery as currency evaporates

Malcolm Moore
London Telegraph
Thursday, Dec 3rd, 2009
North Korea has been plunged into chaos, and its shops and markets paralysed, by a shock announcement from the government that it would devalue the country’s currency by a factor of 100 to one.
Any larger sums must be deposited in bank accounts, to which North Koreans do not have free [...]

Audit the Fed: Bernanke and the Bankers Are Running Scared

Audit the Fed: Bernanke and the Bankers Are Running Scared

Kurt Nimmo
Infowars
November 29, 2009
Ben Bernanke, Federal Reserve mob boss, is running scared. He is deathly afraid an audit of his criminal organization.
“These measures are very much out of step with the global consensus on the appropriate role of central banks, and they would seriously impair the prospects for economic and financial stability in the United [...]

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