“Sept. 29 (Bloomberg) — The Federal Deposit Insurance Corp. proposed asking banks to prepay three years of premiums to replenish reserves dented by a rash of bank failures that the agency said will cost $100 billion through 2013.”
What I find disgusting is this will be listed as assets by both sides. Headlines read: ‘Banks are Healty’
China is investing billions in Afghanistan. What is the US doing? http://worldblog.msnbc.msn.com/archive/2009/10/14/2098654.aspx
Japan and the Middle East are taking delivery of their gold from London and NY.
I’ve read the IMF or was it the World bank? is going to increase member fees
Oh and the Dow is over 10,000 and the recession is over – green shoots everywhere!
Not sure what’s going on or going to happen, but I’m glad I took 50% of my 401k last summer and bought silver and gold.
Maybe the dollar losing reserve currency will be blessing. It will be cheaper to manufactor and export American goods. It will be too expensive to import goods, we’ll have to make them here. The US can let whatever the new reserve currency is pay for the United Nations and NATO and world hunger relief and all the other crap we pay for and we can remove our armies from Gemany and Japan. (Russia and China would love that) Lot’s more Americans at home, having to buy stuff – America will have to restart industrial manufacturing again! yeah!
I just notice that all the countries wanting to remove the reserve dollar status are listed in my post.
