Apollo5600
12-13-2006, 04:37 PM
Analysts: Dollar collapse
would result in 'amero'
<!-- end head --><!-- deck -->Think deep recession likely
regardless of Fed's actions
<!-- end deck -->
<HR SIZE=1>Posted: December 13, 2006
1:00 a.m. Eastern
<!-- byline -->By Jerome R. Corsi
<!-- end byline --><!--- copywrite only show on NON commentary pages as per joseph meeting 8/23/06 ------><!-- copyright -->© 2006 WorldNetDaily.com <!-- end copyright -->
<!-- intelliTXT --><!-- begin bodytext -->Two analysts who have reconstructed money supply data after the Fed stopped publishing it argue a coming dollar collapse will set the stage for creating the amero as a North American currency to replace the dollar.
The reconstructed M3 data – the broadest measure of money – published on econometrician Gary Kuever's website, NowAndFutures.com (http://www.nowandfutures.com/key_stats.html), shows M3 increased at a rate of 11 percent in May, compared to 9 percent when the Federal Reserve quit publishing M3 data earlier this year.
Asked why the Fed decided to stop publishing M3 data, Kuever told WND, "The Fed probably wants to hide how much liquidity is being pumped into the market, and I expect the trend to keep pumping liquidity into the market will continue, especially since the economy is slowing down."
<SCRIPT type=text/javascript><!--google_ad_client = "pub-9952085791529017";google_ad_width = 300;google_ad_height = 250;google_ad_format = "300x250_as";google_ad_type = "text_image";google_ad_channel ="";google_color_border = "FFFFFF";google_color_bg = "FFFFFF";google_color_link = "660000";google_color_text = "000000";google_color_url = "B3B3B3";//--></SCRIPT><SCRIPT src="http://pagead2.googlesyndication.com/pagead/show_ads.js" type=text/javascript></SCRIPT>
Why is this important?
"The trend line in my M3-plus-debt chart is staggering," Kuever said. "There has been a straight, long-term trend line of M3-plus-credit increasing since 2000. Long-term, we are creating inflation and the dollar has lost almost 98 percent of its value in the past 100 years."
Kuever, a retired investor, is concerned that with growing budget and trade deficits "the dollar could collapse."
"Especially if the Fed cannot increase rates, because we have already entered a recession," he said. <TABLE align=center><TBODY><TR><TD width=640></TD></TR></TBODY></TABLE>
Bob Chapman, who issued a reconstructed M3 estimate to the 100,000 subscribers to his newsletter, "The International Forecaster" (http://www.theinternationalforecaster.com/), agrees.
"The world is awash in money and credit," Chapman told WND. "My numbers show M3 increasing at about a 10-percent rate right now."
Chapman believes the U.S. economy entered a recession in February. In his newsletter of Dec. 9 he predicted the Fed would hold interest rates at 5.25 percent. "The Fed is in a very tough spot here," Chapman wrote, "If they raise rates, the real estate market will collapse, and if they lower rates, the dollar will collapse."
http://www.wnd.com/news/article.asp?ARTICLE_ID=53350
-------------------
U.S. dollar facing imminent collapse?
<!-- end head --><!-- deck -->Fed in bind as Paulsen, Bernanke head to China
<!-- end deck -->
<HR SIZE=1>Posted: December 10, 2006
5:38 p.m. Eastern
<!-- byline -->Jerome R. Corsi
<!-- end byline --><!--- copywrite only show on NON commentary pages as per joseph meeting 8/23/06 ------><!-- copyright -->© 2006 WorldNetDaily.com <!-- end copyright -->
<!-- intelliTXT --><!-- begin bodytext -->
<TABLE align=right><TBODY><TR><TD width=200>
</TD></TR></TBODY></TABLE>
Even as the stock market is hitting new record highs almost every day, the Federal Reserve and Treasury Department are quietly coordinating a devaluation of the dollar that the Bush administration hopes will be a slow decline rather than a dollar collapse.
This week, in an unusual move, the Bush (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#)administration (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#)[/color] (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#) is sending virtually the entire economic "A-team" to visit China for a "strategic economic dialogue" in Beijing Dec. 14 and 15.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are leading the delegation (http://www.wnd.com/redir/r.asp?http://news.sawf.org/Business/28643.aspx), along with five other cabinet-level officials, including Secretary of Commerce Carlos Gutierrez. Also in the delegation will be Labor Secretary Elaine Chao, Health and Human Services Secretary Mike Leavitt, Energy Secretary (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#) Sam Bodman, and U.S. Trade Representative Susan Schwab. The Bush administration wants to get China's cooperation in preventing a dollar collapse. That's the conclusion of John Williams, an experienced professional econometrician, who writes the "Shadow Government Statistics" (http://www.wnd.com/redir/r.asp?http://www.shadowstats.com/cgi-bin/sgs/data) blog.
http://www.wnd.com/news/article.asp?ARTICLE_ID=53311
would result in 'amero'
<!-- end head --><!-- deck -->Think deep recession likely
regardless of Fed's actions
<!-- end deck -->
<HR SIZE=1>Posted: December 13, 2006
1:00 a.m. Eastern
<!-- byline -->By Jerome R. Corsi
<!-- end byline --><!--- copywrite only show on NON commentary pages as per joseph meeting 8/23/06 ------><!-- copyright -->© 2006 WorldNetDaily.com <!-- end copyright -->
<!-- intelliTXT --><!-- begin bodytext -->Two analysts who have reconstructed money supply data after the Fed stopped publishing it argue a coming dollar collapse will set the stage for creating the amero as a North American currency to replace the dollar.
The reconstructed M3 data – the broadest measure of money – published on econometrician Gary Kuever's website, NowAndFutures.com (http://www.nowandfutures.com/key_stats.html), shows M3 increased at a rate of 11 percent in May, compared to 9 percent when the Federal Reserve quit publishing M3 data earlier this year.
Asked why the Fed decided to stop publishing M3 data, Kuever told WND, "The Fed probably wants to hide how much liquidity is being pumped into the market, and I expect the trend to keep pumping liquidity into the market will continue, especially since the economy is slowing down."
<SCRIPT type=text/javascript><!--google_ad_client = "pub-9952085791529017";google_ad_width = 300;google_ad_height = 250;google_ad_format = "300x250_as";google_ad_type = "text_image";google_ad_channel ="";google_color_border = "FFFFFF";google_color_bg = "FFFFFF";google_color_link = "660000";google_color_text = "000000";google_color_url = "B3B3B3";//--></SCRIPT><SCRIPT src="http://pagead2.googlesyndication.com/pagead/show_ads.js" type=text/javascript></SCRIPT>
Why is this important?
"The trend line in my M3-plus-debt chart is staggering," Kuever said. "There has been a straight, long-term trend line of M3-plus-credit increasing since 2000. Long-term, we are creating inflation and the dollar has lost almost 98 percent of its value in the past 100 years."
Kuever, a retired investor, is concerned that with growing budget and trade deficits "the dollar could collapse."
"Especially if the Fed cannot increase rates, because we have already entered a recession," he said. <TABLE align=center><TBODY><TR><TD width=640></TD></TR></TBODY></TABLE>
Bob Chapman, who issued a reconstructed M3 estimate to the 100,000 subscribers to his newsletter, "The International Forecaster" (http://www.theinternationalforecaster.com/), agrees.
"The world is awash in money and credit," Chapman told WND. "My numbers show M3 increasing at about a 10-percent rate right now."
Chapman believes the U.S. economy entered a recession in February. In his newsletter of Dec. 9 he predicted the Fed would hold interest rates at 5.25 percent. "The Fed is in a very tough spot here," Chapman wrote, "If they raise rates, the real estate market will collapse, and if they lower rates, the dollar will collapse."
http://www.wnd.com/news/article.asp?ARTICLE_ID=53350
-------------------
U.S. dollar facing imminent collapse?
<!-- end head --><!-- deck -->Fed in bind as Paulsen, Bernanke head to China
<!-- end deck -->
<HR SIZE=1>Posted: December 10, 2006
5:38 p.m. Eastern
<!-- byline -->Jerome R. Corsi
<!-- end byline --><!--- copywrite only show on NON commentary pages as per joseph meeting 8/23/06 ------><!-- copyright -->© 2006 WorldNetDaily.com <!-- end copyright -->
<!-- intelliTXT --><!-- begin bodytext -->
<TABLE align=right><TBODY><TR><TD width=200>
</TD></TR></TBODY></TABLE>
Even as the stock market is hitting new record highs almost every day, the Federal Reserve and Treasury Department are quietly coordinating a devaluation of the dollar that the Bush administration hopes will be a slow decline rather than a dollar collapse.
This week, in an unusual move, the Bush (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#)administration (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#)[/color] (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#) is sending virtually the entire economic "A-team" to visit China for a "strategic economic dialogue" in Beijing Dec. 14 and 15.
Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are leading the delegation (http://www.wnd.com/redir/r.asp?http://news.sawf.org/Business/28643.aspx), along with five other cabinet-level officials, including Secretary of Commerce Carlos Gutierrez. Also in the delegation will be Labor Secretary Elaine Chao, Health and Human Services Secretary Mike Leavitt, Energy Secretary (http://www.wnd.com/news/article.asp?ARTICLE_ID=53311#) Sam Bodman, and U.S. Trade Representative Susan Schwab. The Bush administration wants to get China's cooperation in preventing a dollar collapse. That's the conclusion of John Williams, an experienced professional econometrician, who writes the "Shadow Government Statistics" (http://www.wnd.com/redir/r.asp?http://www.shadowstats.com/cgi-bin/sgs/data) blog.
http://www.wnd.com/news/article.asp?ARTICLE_ID=53311