Day Of Reckoning Looms For The U.S. Dollar

The U.S. dollar’s day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks – debt and inflation – are brought under a harsher spotlight. Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a “serious case of dollar damage” was underway. “We long warned about the day of reckoning...

Where Are The $ Trillions Going?

Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money...

Bailout – Too Little…Too Late or Just ...

The world’s financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government’s financial rescue package — and watch for any further fallout from the credit crisis around the globe. The markets have switched their focus to the world economy now that the $700 billion bailout plan has become law. And there’s reason for their...

Moral Decline Seen As Reason For U.S. Woes

Many believe American has turned it’s back on God and entered what amounts to the modern-day gates of Sodom.  God cannot bless a nation or a people that has turned it’s back on him. When you defiantly turn your back to God, reject Him and His Word, than all that awaits is judgment. Conservative U.S. Christians say the culture has gone to hell and it has taken the economy and Wall Street down with it. It is a...

Bailout Vote Fails – Stock Market Drops 777 ...

The stock market on Monday suffered its most devastating collapse since the 1987 crash as shellshocked investors dumped shares en masse after the House voted down a proposed $700-billion rescue of the financial system. The unexpected defeat of the bailout package fanned fears that the most debilitating financial crisis since the Great Depression could intensify. The Dow Jones industrial average sank 777 points — the...