Barclays warns of disaster as Fed loses all credibility

Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero.”

No One Predicted This! Oh, Wait…

Thomas Woods at the Campaign for Liberty writes:
This has been all over the web already, but I can’t resist. A couple weeks ago, John McCain said: “You know the economists? They’re the same ones that didn’t predict this housing crisis we’re in. They’re the same ones that didn’t predict the dot-com meltdown. They’re [...]

What happens when a paper currency fails?

The Worst Episode of Hyperinflation in History: Yugoslavia, just 15 years ago. Between October 1, 1993 and January 24, 1995 prices increased by 5 quadrillion percent. That’s a 5 with 15 zeroes after it.

WSJ: Weak Dollar is a Threat to World Order

How can Americans champion the cause of free trade and exhort other nations to rid themselves of protectionist measures such as tariffs and subsidies – and then smugly claim that U.S. exports are becoming “more competitive” as the dollar sinks?

Money as Debt

Ever wonder why the banks have so much money, while countries and individuals have so much debt?

…Paul Grignon has taken a taboo subject and turned it into an entertaining easily understood topic. ‘The truth will set you free’, it is said, but first it will make you angry!

President Bush betrays fears over economy with strong dollar call

Times Online: President Bush issued a call for a rise in the value of the US dollar on currency markets today in a signal of mounting official alarm in Washington about the effect of the slumping greenback on the world’s largest economy… Mr Bush expressed concern about the dollar’s continuing weakness and said that he [...]