World Info Hub - We Are All Connected - The Whole World is Watching - It Is Bigger Than Us - Be the Change

PEACE - LOVE - FREEDOM - INFORMATION - RΞ√ΩLUT↑☼N - ADAPT - OVERCOME - RISE ABOVE - EDUCATE - MOTIVATE - INSPIRE

Exercising the Right to freedom of thought, belief, opinion and expression, including freedom of the press and other media of communication
Loading
--- If you would like to post front page articles on chaoticfate.com register here

Monday, April 25, 2011

The Decline of the Dollar

ChaoticFate.com by qew
INFORMATION REVOLUTION



  •  





Don’t Like a Weak Dollar? Might as Well Get Used to It
Jeff Cox
CNBC
April 25, 2011
Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.
The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world’s predominant national currencies.
A combination of factors accounts for the weakness, with the Federal Reserve’s easy-money policies, huge national debts and deficits and the consequential possibility of a debt downgrade because of the financial mess in Washington leading the way.
China should cap forex reserves at 1.3 trillion U.S. dollars: China banker
News.CN
China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday.
The amount of foreign exchange reserves should be restricted to between 800 billion to 1.3 trillion U.S. dollars, Tang told a forum in Beijing, saying that the current reserve amount is too high.
China’s foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year to 3.04 trillion U.S. dollars by the end of March.

Gold and silver continue to surge
Neil Dennis
Financial Times
Gold hit a record high, while silver surged more than 5 per cent to within a whisker of its all-time peak, as the dollar continued its decline and inflation concerns drove haven flows.
Driven also by government debt concerns, gold rose 1 per cent to $1,518.20 a troy ounce, the seventh-consecutive trading session in which it has hit a record high. Silver surged 5.5 per cent to $49.17 an ounce, having hit a 30-year high of $49.80, within sight of the landmark $50 level.
IMF bombshell: Age of America nears end
Brett Arends
MarketWatch
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
And it’s a lot closer than you may think.
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)