A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Paper Money ’
Chuckles
I got a laugh out of this headline:
Delta Airlines and the Pilots Association are suing the Exim bank for financing Air India. I think they have a great case. I hope they win.
Exim gives cheap money to India so it can buy Boeing planes. This story...
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On Banknotes
There is a curious story in the Swiss press today. On the surface it appears innocuous.
Paper money has been in transition for the last ten years. Most of the big issuers of paper have updated their bills to minimize forgery. The US has spent a ...
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Canada’s New Plastic $100 Bill Is All Tricked Out
Watch out counterfeiters: Canada is planning to abandon paper money.
This week, our friend to the north introduced the first in its new line of all-plastic notes -- a cool $100 bill made out of a single sheet of plastic polymer and tricked out with...
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Why the US Dollar "Works" …..
The demise of the dollar as the grease of global trade would trigger global depression, political instability and the end of the Status Quo everywhere. No wonder it's still around.
The basic dynamic is this:
1. Technology and other efficiencies l...
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Chart Attack! WARNING! Some images may anger USD bulls
“In the United States neither paper currency nor deposits have value as commodities. Intrinsically,
a dollar bill is just a piece of paper, deposits merely book entries. Coins do have some intrinsic
value as metal, but generally far less than their...
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Even cotton- backed fiat getting too expensive…
Bloomberg link...
Pretty sad...
Excerpts:
The government produced 6.4 billion new currency notes last year. Each one cost 9.6 cents to produce, including the cost of paper and printing.
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Just last week, the GAO called for replac...
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How the U.S. Govt Deals with Debt in the Post-Bubble Era
Booms go bust. Wealth disappears. Debt does not. Someone, somewhere, sometime has to pay it. If not the borrower…someone else.
The story of the bubble years was the build up of debt throughout the world.
The story of the post-bubble years has bee...
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The Heavy Load
PepsiCo issues a weak outlook for the year, indicating that “extraordinary levels of inflation” in commodities will be tough to pass along to consumers. Goodyear expects its Q1 raw material costs to increase 25%-30% Y/Y. Kraft stated, “Looking ahead, we expect the operating environment to remain challenging, with significant input cost inflation and...
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Insanity on the Potomac – Treasury Investors Recoiling in Horror!
The 3-Way Collusion Is Obvious …
Congress passes a groundbreaking bill to gut the budget.
The president promptly signs it into law.
And the Fed prints the paper money to finance the folly.
But there’s a problem: America’s creditors are...
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Fumes and False Premises
The gang in Washington and on Liberty Street is either very good or very lucky. The Treasury managed to dump $71 billion in new paper on the market this week, including $62 billion in intermediate and long term paper, without crushing either the Treasury market or stocks. It was truly a bravura performance. But...
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Bankster-Created Commodity Crisis Intensifies
The most recent (and most terrifying) example of bankster commodities-manipulation crimes against humanity is in the massively important global cooking oils market. Affluent Westerners may not fully appreciate the tremendous importance of this market (and global stockpiles of those oils); however it is arguably the most important niche in global food production.
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