Comments on: Economic and Financial Alchemy: 3 Trends to Follow in the Next 90 Days: Pseudo Drop in Nationwide Foreclosures, The End of One Plasma in Every Room, and Loving Your Car a Little Longer. http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Beary Bear http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26593 Beary Bear Thu, 06 Nov 2008 05:04:31 +0000 http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26593 Excellent post Doc. But no one has been checking the international news. The bad news isn't in your post. The bad news is that the EU, China, OPEC, Russia, India and other G-20 nations have been meeting to create a new world reserve currency to replace the dollar. The new interbank currency, the International Monetary Unit, is based on the old European Currency Unit. China has been asked by the EU to use its $2 trillion US T-bill saving account to recapitalize Western economies, and the IMF. China has agreed that "reform is necessary", but the talks were closed. The Bretton Woods II financial summit is scheduled for Nov. 15th in Washington where these proposals will be laid out. (Bretton Woods conference was in 1944 and at that meeting it was greed the dollar would be the world reserve currency; the IMF, World Bank, and Bank For International Settlements set up.) It appears that the G-20 is preparing to throw the US to the economic wolves. That is unless the US voluntarily adopts some draconian austerity economic program. Otherwise, within a few years the dollar would melt down in value. And the $45 trillion dollars held by foreigners could trigger what could be called a run on the Fed itself. This is BIG bad news. Dr. Housing Bubble recent post is only a little bad news. I Excellent post Doc. But no one has been checking the international news. The bad news isn’t in your post. The bad news is that the EU, China, OPEC, Russia, India and other G-20 nations have been meeting to create a new world reserve currency to replace the dollar. The new interbank currency, the International Monetary Unit, is based on the old European Currency Unit. China has been asked by the EU to use its $2 trillion US T-bill saving account to recapitalize Western economies, and the IMF. China has agreed that “reform is necessary”, but the talks were closed.

The Bretton Woods II financial summit is scheduled for Nov. 15th in Washington where these proposals will be laid out. (Bretton Woods conference was in 1944 and at that meeting it was greed the dollar would be the world reserve currency; the IMF, World Bank, and Bank For International Settlements set up.)

It appears that the G-20 is preparing to throw the US to the economic wolves. That is unless the US voluntarily adopts some draconian austerity economic program. Otherwise, within a few years the dollar would melt down in value. And the $45 trillion dollars held by foreigners could trigger what could be called a run on the Fed itself.

This is BIG bad news. Dr. Housing Bubble recent post is only a little bad news.

I

]]> By: blutown http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26582 blutown Thu, 06 Nov 2008 01:53:04 +0000 http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26582 Sean, I am an urban planner, developer and environmentalist (yes, such a combination does exist in one person) so I have a unique perspective on the world. I share many of the same philosophies as Kunstler and he is one of my favorite authors although he is profoundly more pessimistic than I. Sean,

I am an urban planner, developer and environmentalist (yes, such a combination does exist in one person) so I have a unique perspective on the world. I share many of the same philosophies as Kunstler and he is one of my favorite authors although he is profoundly more pessimistic than I.

]]> By: Robin Thomas http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26581 Robin Thomas Thu, 06 Nov 2008 00:41:38 +0000 http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26581 Doctor, Another tangent...do you think that our currency is in trouble? What do you think of Peter Schiff and his prediction of the dollar's collapse/hyperinflation? Doctor,

Another tangent…do you think that our currency is in trouble? What do you think of Peter Schiff and his prediction of the dollar’s collapse/hyperinflation?

]]> By: eric in vegas http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26579 eric in vegas Wed, 05 Nov 2008 23:58:03 +0000 http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26579 I was going to start car shopping and was hoping to make a decision by the end of the year but the way things are going I'm waiting until Febrary/March. Cars just keep getting cheaper and credit is getting tighter. Got my cash ready to go when the time is right. I was going to start car shopping and was hoping to make a decision by the end of the year but the way things are going I’m waiting until Febrary/March. Cars just keep getting cheaper and credit is getting tighter. Got my cash ready to go when the time is right.

]]> By: SEAN http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26578 SEAN Wed, 05 Nov 2008 22:42:05 +0000 http://www.doctorhousingbubble.com/economic-and-financial-alchemy-3-trends-to-follow-in-the-next-90-days-pseudo-drop-in-nationwide-foreclosures-the-end-of-one-plasma-in-every-room-and-loving-your-car-a-little-longer/#comment-26578 Hay Bluetown, Were you taking a page from James Kunstler's playbook? www.kunstler.com Hay Bluetown,

Were you taking a page from James Kunstler’s playbook?

http://www.kunstler.com

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