Thursday, October 8, 2009

Mainstream Media's Failed Reporting on the Dollar Collapse

AS of 7:09 AM ET CNBC and Marketwatch do not have anything on their front page about the Asian intervention in foreign currency markets to prop up the collapsing dollar.

FT has a general story on the weak dollar four stories down.

WSJ covers it, but only half way down, in the "Before the Bell" segment.

Let me make clear what MSM is obviously not getting. Panic out of the dollar is the great tsunami that could rock the financial system to its core. If this escalates. It means soaring--double digit-- U.S. inflation, a near impossible ability for the U.S. government to finance its debt, a complete restructuring of the international financial structure. Asian financed borrowing to support consumption in the United States will be over. International trade patterns will completely change, with the U.S. in the role as major exporter, but at real wages that will be lower as a result of the crashing dollar inspired inflation. Think you are working hard now? Wait. This won't be a double dip recession. It will be a heart attack for the U.S. economy, followed by a stroke. We'll never be the same.

This is not a page two story. This is a front page story deserving type the size of an assassination story. Indeed, it is not the death of a president, but something much more serious, the potential death of our currency.


  1. What is your favourits site for tracking the $US against other currencies?

  2. Assassination, hey? What you have described above is another "Lehman event". So if the powerz assasinate the delusional stock market and send that money into dollar and dollar debt, it would spare them a major crisis, Obama would avoid a single digit rating, and the Fed handlers would recover another shipload of loot in the process. Everybody (ahem) wins, so is it the writing on the wall for all risk assets despite the intense "demise of the dollar, gold is high" spin?

    The same "dollar is dead" euphoria was all the rage one year ago, just before the grand surprise.

  3. Sounds like it's time for a BIG distraction...

    Let's see, fly some airliners into a couple of skyscrapers?

    Nah,, already did that. Hmmmm...."""!!!

    I know, let's start another war!!!

    That will get the dummies attention elsewhere while we finish picking their pockets!!!

  4. The dollar should die. It is worthless. The sooner we clear out the system, the sooner we can get to real and productive growth.

    And when the dollar is dead, I pray the federal government will die with it. How fitting.

  5. Why do you dumb rumps keep saying "the media doesnt get it"? As if they dont understand the import of what has transpired.

    YOU dont get it. The media is the first line of defense in the COVERUP and diversion of these financial crimes. Stop letting them off the hook like they're just guilty of an oversight or mere incompetence. The media are FULLY knowing accomplices to the greater swindles, in fact the swindlers call their tune and pay the trumpeters.

  6. A crashing currency? Why hasn't anyone brought up Soros? It's his modus operandi.