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The First 12 Hours of a US Dollar Collapse
The Economy News Source: Dollarcollaspse.com
France sells bonds at negative interest rate – Herald Tribune
French president: zero growth so far this year – Seattle Times
Bug in search of windshield – Mish
It’s back to the waiting game – MSN
China threatens with furious retaliation in growing trade wars – Zero Hedge
Euro zone fragmenting faster than EU can act – Reuters
Central bank fireworks – 321Gold
Indentured students rise as loans corrode college ticket – Bloomberg
Learning from LI(E)BOR – GoldSeek
Italy’s Prime Minister blames Finland and Netherlands for spike in yields – Mish
David Kotok: LIBOR, the Fed and the TED – Zero Hedge
European stocks slip; Spanish bond yields above 7% – NASDAQ
Roubini: next year’s perfect storm much worse than 2008 – Financial Post
The collapsing US economy and the end of the world – Daily Paul
Trying to stay focused on the big picture – PrudentBear
Trends in duration of US unemployment – Mish
German bonds surge as ECB cuts rates without supporting Spain – Bloomberg
Spain teeters as eurozone unity tested – Sydney Morning Herald
Steve Keen goes off the deep end with “Debt Jubilee” – Mish
The next major move in the stock market – Technical Traders
Hubris before the storm – Automatic Earth
Rajoy calls on EU to deliver debt purchases as Spain yields rise – Bloomberg
When bailouts don’t work – GoldMoney
Harry Dent warning of a global “economic tsunami”
One of the world’s leading experts on global financial markets, Harry Dent, is in Sydney and he’s warning of a global “economic tsunami” that could end Australia’s love affair with property.
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Very entertaining. But this will occur earlier, right after the elections. With US elections a known factor, China will announce the full floating of the Yuan, and will allow international purchases of it currency. This will collapse the US Dollar and Treasury market.
A Romney win, will be very positive for China, as it uses the new Administrative uncertainty (New players learning the ropes) to take advantage of global capital flows. China will float and focus on reducing food inflation, and internal consumption as opposed to an export lead model. It has been buying up commodities as well as gold, so its currency is backed by real assets and the technological muscle of its industry and people.