May 11, 2010
courtesy of: Dprogram
Economic Views
May 11, 2010
1 Comment | 
EU | Tagged: bailout, economy, EU, Euro, gold, IMF, money, tarp, taxes | 
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Posted by Brian
Pimco: Dollar is Losing Reserve Status, Diversify Your Currency Holdings
August 20, 2009
source: Washingtons Blog
Pimco portfolio manager Curtis A. Mewbourne writes that the dollar is losing its status as world reserve currency as the U.S. pumps massive amounts of money into the system. (I – and many others – have repeatedly written on this issue).
The dollar will probably depreciate the most against emerging market currencies. Pimco is advising clients to diversify out of the dollar.
Indeed, as Bloomberg points out:
Bill Gross, who runs the $169 billion Pimco Total Return Fund, is also warning the U.S. currency will fall.
Holders of dollars should diversify before central banks and sovereign wealth funds do the same because of concern government budget deficits will deepen, Gross said in June.
Leave a Comment » | Federal Reserve | Tagged: China, currency, dollar, economy, EU, Federal Reserve, money, reserve, status | Permalink
Posted by Brian
Downing Street admits it backs Tony Blair for EU Presidency
July 18, 2009Tony Blair was George Bush’s best buddy in the war of terror. In fact the Downing Street memo’s confirmed the position of a war criminal for Mr. Blair and others. This is not good news for any peace loving folk’s out there like you and I. Imagine if after the last 8 years Bush became head of the UN, or worse, Cheney becoming President of the U.S.! Or if Obama, messiah of hope, continued the fraudulent war of terror and occupations, er… wait…Damn -ed
source: Telegraph tip: Cryptogon
The intervention came after Baroness Kinnock embarrassed Gordon Brown by admitting that the Government wants Mr Blair to take up the newly created role.
The position will come into force if the Lisbon Treaty is ratified across Europe. It is expected to carry a salary and perks package worth at least £200,000 a year.
The admission came as a close ally of Mr Blair told The Daily Telegraph that the former Prime Minister is set on landing the position which would wield considerable power and influence.
Baroness Kinnock, who was the controversial choice for Europe Minister in Mr Brown’s recent reshuffle, revealed Mr Blair was being supported for what will be a new position that comes into force if the Lisbon Treaty is finally ratified across the continent.
She said: “The UK government is supporting Tony Blair’s candidature for president of the council.
“I am not saying there has been any formal confirmation or statement from Tony but it is certainly is the government’s position. I am sure they would not do it without asking him.”
Downing Street was then forced to admit that they would back Mr Blair.
1 Comment | EU | Tagged: EU, Lisbon Treaty, president, Tony Blair, war | Permalink
Posted by Brian
