Dollar Crisis in the Making

[Master Shake]

Increasingly ominous clouds are gathering in what could soon be the perfect storm against the United States dollar and against the present dollar-centric global financial order.

This is not shaping up to be a storm that anyone is trying to initiate, not even those who are actively driving for a new global financial order that is no longer centered on the dollar. Instead, it will result from a correlation of forces arising out of the deepening global financial and economic crises, coupled with recurring and conspicuous miscalculation on the part of some of the world's political, financial and economic leaders.

The storm has the potential to cause upheaval on a grand scale, opening the door to swift, and largely uncontrolled, fundamental transformation.

Rest here
http://www.atimes.com/atimes/Global_.../KC14Dj04.html

[Penguin]

Re: Dollar Crisis in the Making

Yep, read that a couple days ago. Noticed that Doug Noland sounded the alarm that a disorderly fall in the treasuries market and the currency could come as well. I now that EJ and Fred do not consider the bond market to fit the definition of a classic bubble, but a collapse in financing bonds would feel like one was bursting wouldn't it?

It seems like the powers that be have pushed all the chips into the middle of the table as regards the debt.

"You're unpredictable Mal. You run when you ought to fight. Fight when you ought to deal. Makes a businessperson a little twitchy." - Fanty... or was it Mingo?

Will