The U.S Federal Reserve is a major central bank in the world that has been over the past 100 years devaluing the U.S dollar downward by 97%. So you see, we are getting pretty close to 100%…how long will this take though? Maybe 5 years, maybe 10 years.
If the America economy and U.S dollar collapse, here are reasons why the Canadian dollar will not survive as well:
All U.S stock market indexes took roughly a 3.5% haircut today. Question is this, “Is it down from here?” and “Is there going to be a santa claus rally this year?”
The answer to both of these question is who knows, anybody’s guess. The stock market now a days have pretty much been manipulated by the U.S Government and Federal Exchange who pump borrowed /printed money into the markets to inflate them.
America’s righteous and holier-than-thou attitude is comical at best. The U.S Federal Reserve, through two rounds of quantitative easing and now Operation Twist, has flooded the world with U.S dollar lower and push its value down significantly.
Now, if the above tactics is not currency manipulation, then I don’t know what is. I think the U.S government should take a hard look in the mirror before pointing fingers at other countries.
http://money.cnn.com/2011/10/06/news/economy/thebuzz/index.htm?source=yahoo_hosted
As the United States government is already bankrupt and keeps printing money to meet it’s social responsibilities to the people, and to keep government running. Countries around the world have looked elsewhere to park their money and invest.
Every time the Federal Exchange prints more U.S dollar, it dilutes the dollar and therefore devalues the dollar making it more worthless.
The charges against Mr. Gupta will show that Gupta was the insider a member of financial establishment. If the charges are proven, it would be the worst kind of corporate betrayal for Goldman Sachs.
Mr. Gupta was named as Mr. Rajaratnam’s co-conspirator , unlike Mr. Rajaratnam and other insider traders, Mr. Gupta has been caught on tape discussing the alleged wrongdoing add the fact that he bought into a Galleon fund.
It’s no surprise that Canadian’s are having a hard time getting by financially. Canadian’s are currently burden down by heavy debt (Canadian household debt hits 1.5 Trillion), bills and are really having a hard time getting by. That is why about 30% of people surveyed said that they are cutting back spending simply because they feel that their financial security right now is not sound.
Read the article, copy and paste link to your browser:
http://ca.finance.yahoo.com/news/Economical-turmoil-Canadians-capress-827274697.html;_ylt=Amtg7.AFOq9PaYk0HuEPizFyzJpG;_ylu=X3oDMTE4aWJpYWZuBHBvcwMzBHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNlY29ub21pY2FsdHU-?x=0
Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street insider trading scandal in a generation, was ordered to serve 11 years in prison, the longest sentence ever in an insider-trading case but far less than prosecutors sought.
The judge also fined him $10 million and ordered him to forfeit $53.8 million, which approximated the illegal profits and avoided losses from the trading scheme.
According to many Indian nationals and Indian immigrants to U.S and Canada , there home country is one of the most corrupt nations in the world. Many say that things don’t get done until someone is bribed…sounds a lot like Washington politics.
Here is a quote:
“From the time of birth until death, nothing will move in India without paying bribe.”
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