Dollar Being Sacrificed for Foreign Banks?

Consider the following quote from the article: "In summary, instead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation!"

Read more: www.zerohedge.com/article/exclusive-feds-600-billi...kkP1X

Where Did All of the QE2 Money Go?: www.businessinsider.com/where-did-all-of-the-qe2-m...011-6
http://chumly.com/n/9d78a7

Russia Reducing Treasury Holdings

For our economy to hold up, for our dollar to maintain trend (devalue slowly), foreign countries must continue to buy our debt. The opposite is happening as we approach the end of QE II, during which we financed the vast majority of our borrowing with the digital printing press. Even American households are reducing their exposure to our government debt. The buyer of last resort (the Fed) seems to be the only buyer still interested.
After Dumping 30% Of Its Treasury Holdings In Half A Year, Russia Warns It Will Continue Selling US Debt | zero hedge: www.zerohedge.com/article/after-dumping-30-its-tre...us-de
http://chumly.com/n/9d785e

China's Monopoly Over Rare Earths

Rare Earth prices have exploded thanks to China's restrictions on export. Since they are used in high tech defense applications, our military is dependent on China. Since they are used in wind turbines, hybrid cars and other high tech alternative energy applications, it is China that profits from our centrally planned energy policy as we ignore abundant and cheap domestic conventional resources and channel taxpayer dollars into the politically correct dead ends.
Rare Earth Metal Prices Go Parabolic | zero hedge: www.zerohedge.com/article/rare-earth-metal-prices-...bolic
http://chumly.com/n/9d7851

Euro's Trouble is Our Trouble

Banks the world over are interconnected through investments and derivatives. As the whole mess threatens to come apart don't expect the guys in the financial sector who take down million dollar plus salaries to quietly accept it. The US government will once again try to collectivize the punishment for the sins of the financially foolish as noted in this last paragraph: "One thing that may help money-market funds weather the Greece storm better than the Lehman hurricane is that they now have an implicit US government backing." If you aren't prepared for a financial tsunami, it is time to consider preparing. The water may have drawn back away from the shore since 2008, but it looks like there is something big on the horizon.
Why Your Money-Market Fund Could Be Hit by Greek Default - CNBC: www.cnbc.com/id/43425080
http://chumly.com/n/9c20b4

Euro in Delirium

Who really gets bailed in these deals if they go through? And who pays? Socialism has matured into the social chaos of a spoiled, dependent population demanding more from their bankrupt government. Germany is realizing it pays for much of this. France, Belgium and Spain all benefit, and the rest of the PIIGS get burned as well if Greece bursts into flames. While the Euro could be on its last legs, the dollar is showing no strength, so it must not be far behind. It looks like all fiat currencies will suffer together, just as the PIIGS do, if the Euro goes down. Think about it, if the dollar or the Euro go down, what currency will the common man trust? Who in their right mind would trust Bernanke or Obama?
Greek crisis exposes growing rift between France and Germany - Telegraph: www.telegraph.co.uk/finance/economics/gilts/857810....html
http://chumly.com/n/9c1bf6

Billions Missing in Iraq

Just another case in point showing how government aid and charity seldom work, as it gets stolen, mismanaged, diverted to unauthorized purposed or creates dependency instead of any real lasting benefit.
Iraq: Missing Iraq money may have been stolen, auditors say - www.latimes.com: www.latimes.com/news/nationworld/world/la-fg-missi...story
http://chumly.com/n/9b10dc

Greece Displays our Future

Greece is where all addicted borrowers end up--helplessly looking for a handout. And Germany is tired of bailing it out, so interest rates go up, and the Euro looks like a climber's rope, with Greece (and other PIIGS) dangling and threatening to pull the solvent European countries off the financial cliff.
Greece's credit rating cut again on higher risk of default - Telegraph: www.telegraph.co.uk/finance/economics/gilts/857378....html
http://chumly.com/n/9aa9c6