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”The US dollar is almost becoming like junk bonds,” Australian Joyce said.

A default by the U.S. government is a certainty in many analysts’ opinions because there is too much overall debt in their country. Total debt as a percentage of GDP is close to 400% and that’s not counting personal, business, finance, and government expenditure [...]

SANTA BARBARA (MarketWatch) — As global economies emerge from recession, policymakers must watch for unsustainable global imbalances driven by high levels of Asian exports and low U.S. savings rates, Federal Reserve Chairman Ben Bernanke said Monday. In a speech prepared for a conference here, Bernanke warned “global imbalances may reassert themselves.” The U.S. must save [...]

With all of the talk of a collapsing US dollar and the discussions from previously US dollar dependent countries of replacing the reserve currency with another one, perhaps the euro, it makes one wonder whether or not a shooting of this kind was related to his position at the international monetary fund — an organization [...]

Asset prices and prices are falling rapidly as the impact of globalization credit permeates the global economy. Newspaper columnists are beginning to warn against the dangers of deflation.
What happens during deflation?
It’s important to understand that what happens during deflation is not a result of deflation itself. Rather, deflation itself and what happens during deflation are [...]

For years, Japan has been readying itself for the day that it is eclipsed economically by China. But as a result of the global slowdown, Japan’s difficulty in managing its economy and China’s rise — on vivid display Thursday as Beijing celebrated the 60th anniversary of the founding of the People’s Republic — that day [...]

Chuck Baldwin
October 1, 2009
According to Macedonian Radio and Television On-line (MRT), a Russian professor predicts the United States will fall apart in July 2010. MRT reports, “‘Mr. Obama is similar to the last Soviet leader Mikhail Gorbachev. Gorbachev was also making great promises for the Soviet Union, but the situation was only getting worse,’ he [...]