The US Federal Reserve is no longer able, in reality, to continue its multi-decade combat against the « barbarous relic » in order to guarantee the supremacy of the US currency at the centre of the international monetary system. For LEAP/E2020 the decade which has just begun will be clearly marked by a complete collapse of the Dollar (and the fall of most major international currencies) by gold. ... 

The feast of cheap and limitless liquidity could not avoid interfering with the international currency market. While in the first six months of the year the crisis was beneficial for the US dollar, in the second half of the year speculators took it out on the dollar over and above. This year is expected to continue weakening of the American currency that dropped to the level of $1.6 for one Euro in... 

In late 2009, former Merrill Lynch economist, now with the Canadian firm, Gluskin Sheff, said the following:   “The credit collapse and the accompanying deflation and overcapacity are going to drive the economy and financial markets in 2010. We have said this repeatedly that this recession is really a depression because the (post-WW II) recessions were merely small backward steps in an inventory... 

New numbers from China’s customs agency say the country’s exports for 2009 were more than $1.2 trillion, slightly ahead of Germany. Exports in December rose nearly 18 percent from a year earlier. At the same time, imports leapt nearly 56 percent. Asian Development Bank economist Zhuang Jian says strong performance in the last two months of 2009 helped China’s export surge. Zhuang... 

While iconic American automakers General Motors and Chrysler were saved from the brink of disaster in 2009, others were not so lucky, succumbing to the fate of the worst economic downturn since the Great Depression.   American businesses, struggling with lower consumer demands and hard-to-get credit, attempted to cut costs in a myriad of ways last year – slashing jobs, cutting back hours, freezing... 

Fears of a double-dip recession in the world’s biggest economy were heightened today when Washington announced that the US shed 85,000 jobs last month. Dashing hopes that America was pulling smoothly out of its toughest postwar economic setback, the commerce department revealed that the expected pre-Christmas hiring spree had failed to materialise. Wall Street had been expecting fresh evidence... 

NEW YORK (MarketWatch) — The unusual circumstances that led the U.S. market to rally powerfully in 2009 might be explained by secret government moves to buy stocks, according to Charles Biderman, the founder and chief executive of TrimTabs, a research firm that tracks liquidity flows in the market. NGE: But why this analysis came just now or is it too caused by PPT? “We cannot identify... 

by Jim Willie, CB. Editor, Hat Trick Letter | January 6, 2010 The year 2008 bore my mark as the year the system broke. A public article addressed the issues, laid out before the breakdown occurred in September of that year. The consequences for the many failures, the desperate nationalizations, the hasty scrambles to put financial sewage under USGovt ownership, the realization of TARP as a vast slush... 

it may crush the existing structure of Fannie and Freddy and drag the economy further down, no matter how many dollars the fed throws at it here are the events: each individual event will have no visible effect, but combined will crash the economy: these are all pending events, many listed on MW as individual events, but no one looks at them all together – but that is how we will feel them in... 

Massive mortgage resets for 2010 & 2011 are near! Okay, 2008’s biggest month of mortgage resets were in Sept 2008; $64 billion in mortgages reset that month, and the monthly average was $40 billion for 2008. For 2010, August is the biggest month with $97 billion in mortgage resets, and the 2010 monthly reset average is $83 billion – DOUBLE THE AMOUNT OF MORTGAGE RESETS FOR 2008!!! FRIGHTENING...