Comments on: Secret Cabals and the Demise of the Dollar http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/ Thu, 16 Feb 2012 02:12:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418894 Gordon Chang Mon, 12 Oct 2009 02:13:45 +0000 http://pajamasmedia.com/?p=68969#comment-418894 RAP, agreed. We need to create spendning restraints on Congress. Want to start a nationwide movement? RAP, agreed. We need to create spendning restraints on Congress. Want to start a nationwide movement?

]]> By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418892 Gordon Chang Mon, 12 Oct 2009 02:11:26 +0000 http://pajamasmedia.com/?p=68969#comment-418892 Sapwolf, I am all for restraint in spending. Thanks for raising the issue. Sapwolf, I am all for restraint in spending. Thanks for raising the issue.

]]> By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418887 Gordon Chang Mon, 12 Oct 2009 02:08:24 +0000 http://pajamasmedia.com/?p=68969#comment-418887 keithacita, yes, the Chinese are quite good at coming up with the right number, whatever the occasion. keithacita, yes, the Chinese are quite good at coming up with the right number, whatever the occasion.

]]> By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418885 Gordon Chang Mon, 12 Oct 2009 02:05:33 +0000 http://pajamasmedia.com/?p=68969#comment-418885 Gary Ogletree, you are right that if the end comes for the dollar, it will come quickly. This is another example of a tipping point. Gary Ogletree, you are right that if the end comes for the dollar, it will come quickly. This is another example of a tipping point.

]]> By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418883 Gordon Chang Mon, 12 Oct 2009 02:03:38 +0000 http://pajamasmedia.com/?p=68969#comment-418883 Hal (GT), I don't know the answer to your question, and I suspect there is no link, but this is nonetheless something to be investigated. Thanks. Hal (GT), I don’t know the answer to your question, and I suspect there is no link, but this is nonetheless something to be investigated. Thanks.

]]> By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418882 Gordon Chang Mon, 12 Oct 2009 02:01:32 +0000 http://pajamasmedia.com/?p=68969#comment-418882 MarkD, yes, it is time to worry. Thanks for putting this in such a clever way. MarkD, yes, it is time to worry. Thanks for putting this in such a clever way.

]]> By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418881 Gordon Chang Mon, 12 Oct 2009 01:58:31 +0000 http://pajamasmedia.com/?p=68969#comment-418881 Class Clown, you wrote: "Anything Fisk writes is best taken with a heaping teaspoon of salt." Agreed, but the markets apparently believed him. Class Clown, you wrote: “Anything Fisk writes is best taken with a heaping teaspoon of salt.”

Agreed, but the markets apparently believed him.

]]> By: Gordon Chang http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-418878 Gordon Chang Mon, 12 Oct 2009 01:54:57 +0000 http://pajamasmedia.com/?p=68969#comment-418878 Matthew, you wrote: "and you’re not far off no longer being the world’s biggest economy any more." Check the figures, the U.S. economy is by far the largest. Second place Japan is trillions behind in the GDP race. Matthew, you wrote: “and you’re not far off no longer being the world’s biggest economy any more.” Check the figures, the U.S. economy is by far the largest. Second place Japan is trillions behind in the GDP race.

]]> By: RAP http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-417361 RAP Sat, 10 Oct 2009 05:36:25 +0000 http://pajamasmedia.com/?p=68969#comment-417361 I think Fisk is right. The foreigners can see what is coming. Every effort to run an economy with fiat money has resulted in collapse. That is why the founding fathers put in the constitution that the government could mint but not print money. This was gotten around by means of the Fed. The convertibility of dollars into gold for foreigners was a restraint until Nixon closed the gold window. Since then we have had one economic crisis after another. I think Fisk is right. The foreigners can see what is coming. Every effort to run an economy with fiat money has resulted in collapse. That is why the founding fathers put in the constitution that the government could mint but not print money. This was gotten around by means of the Fed. The convertibility of dollars into gold for foreigners was a restraint until Nixon closed the gold window. Since then we have had one economic crisis after another.

]]> By: Matthew http://pjmedia.com/blog/secret-cabals-and-the-demise-of-the-dollar/#comment-417237 Matthew Sat, 10 Oct 2009 00:49:52 +0000 http://pajamasmedia.com/?p=68969#comment-417237 Seriously: "Exporting affordable goods abroad is necessary for recovery, a strong dollar would only make things worse" Good lord, man - you're talking SENSE! Keep up the good work. People have an irrational view of exchange rates - they always think higher is better, and it isn't. That said, the outcome of this week's interest rate hike has me considering an amazon order ... Hal (GT): "Was this leaked to give a warning to the USA over Iran?" Or was it simply invented, for the same purpose? Not out of the question, IMHO. Gary Ogletree: I suspect the obstacles to replacing the greenback as the reserve currency will be overcome gradually at first..." I'm no expert on these things, but the greenback is hardly the only reserve currency now. At the moment, the australian reserve bank has 15 billion in US dollars, nearly 19 billion in euros and 11 billion in yen (plus 9 billion in gold et al). http://rba.gov.au/Statistics/IMFMonthlySurvey_Current.xls Seriously:

“Exporting affordable goods abroad is necessary for recovery, a strong dollar would only make things worse”

Good lord, man – you’re talking SENSE! Keep up the good work.

People have an irrational view of exchange rates – they always think higher is better, and it isn’t. That said, the outcome of this week’s interest rate hike has me considering an amazon order …

Hal (GT):

“Was this leaked to give a warning to the USA over Iran?”

Or was it simply invented, for the same purpose? Not out of the question, IMHO.

Gary Ogletree:

I suspect the obstacles to replacing the greenback as the reserve currency will be overcome gradually at first…”

I’m no expert on these things, but the greenback is hardly the only reserve currency now. At the moment, the australian reserve bank has 15 billion in US dollars, nearly 19 billion in euros and 11 billion in yen (plus 9 billion in gold et al).

http://rba.gov.au/Statistics/IMFMonthlySurvey_Current.xls

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