Connecting the dots

America, Iran, the dollar, international finance, Bible prophecy, America in Bible prophecy question, etc.

Superb essay. Recommended.

Timing is, indeed, problematical

The Federal Reserve Board is working to raise the inflation rate while the U.S. Treasury is trying to talk down the dollar exchange rate. Not every day does the world's hegemonic power pursue a policy of currency debasement. Still less frequently does it have the courtesy to tell its creditors what it's doing to them.

More....by James Grant.

Jim Rogers Shifts AssetsOut of Dollar to Buy Yuan

Oct. 24 (Bloomberg) -- Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency.

``I'm in the process of -- I hope in the next few months -- getting all of my assets out of U.S. dollars,'' said Rogers, 65, who correctly predicted the commodities rally in 1999. ``I'm that pessimistic about what's happening in the U.S.''

Rogers, delivering a presentation late yesterday at an investors' meeting organized by ABN Amro Markets in Amsterdam, said he expects the Chinese currency to quadruple in the next decade and that he is holding on to commodities such as platinum, gold, silver and palladium.

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Time running out, "foreclosure" looms...

"Geo-monetarily as well as geo-financially, the US is now, in principle, in the same position as any American who has had a subprime loan at low teaser interest rates for some years." More....