News & videos about the predicted collapse of the United States dollar, as well as the American stock market in 2014.

Monday, January 2, 2012

How Close are We to Having a Run on Banks Globally?

A run on the bank? How about a run on ALL the banks?

A Run On The Global Banking System—How Close Are We?

Nine weeks after its bankruptcy, the general public still hasn’t quite realized the implications of the MF Global scandal.
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My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system. And how the central banks and financial regulators treated the “Systemically Important Financial Institutions” that had exposure to MF Global—to the detriment of the ordinary, blameless customer who got royally ripped off in its bankruptcy—is both the template of how the next financial crisis will be handled, and an accelerator that will make the next crisis happen that much sooner.

So first off, what happened with MF Global?

Simple: It went bankrupt—because it made bad bets on European sovereign debt, by way of leveraging positions 100-to-1. Yeah, I know: Stupid. Anyway, they went bankrupt—which in and of itself is no big deal. It’s not as if it’s the first time in history that a brokerage firm has gone bust. But to me, the big deal in this case was the way the bankruptcy was handled.

Gonzalo Lira: A Run On The Global Banking System—How Close Are We?

US Dollar, Euro, Start New Year Off Weak

Why should 2012 be any different than 2011 for the US Dollar?

The U.S. dollar kicked off the year with mild losses during holiday-thinned volume, though the currency managed to hold gains versus the euro after data indicated manufacturing activity across the shared currency area shrank for a fifth straight month.The dollar index , which tracks the U.S. unit against six other currencies, slipped to 80.178 from 80.289 late Friday.The euro , however, lost ground versus the greenback to change hands at $1.2931, down from $1.2996 at the end of the previous week.

Dollar and euro begin 2012 on weak note - Currencies - MarketWatch

Sunday, January 1, 2012

Man Tries to Use Fake $1 Million Bill at Walmart to Buy Vacuum Cleaner & Microwave

Why not just a fake $1000 bill? Like your local Walmart store has change for a million dollars just lying around.

Dumbass.

A Lexington man is accused trying to use a fake $1 million bill to pay for his purchases at a Walmart. Michael Anthony Fuller, 53, of 3 Parker St., walked into the Walmart on Lowes Boulevard in Lexington on Nov. 17. He shopped for a while, picking up a vacuum cleaner, a microwave oven and other merchandise, totaling $476, an arrest warrant says. When he got to the register, Fuller gave the cashier the phony bill, saying that it was real.Store staff called police.

Fuller was later charged with attempting to obtain property by false pretense and uttering a forged instrument, both felonies, court records show. A warrant says of the fake million-dollar bill: "There is no such thing."

Lexington man charged with making a fake $1 million bill and trying to spend it | JournalNow.com

Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.

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