NYSE going Deutsch?

[Freethinker]

Okay, a little play on DEUTSCH, but the Germans have bought the NYSE?
http://www.reuters.com/article/2011/02/10/us-dboerse-nyse-traders-idUSTRE7195LH20110210
Not long before the entire country is outsourced at this pace.

Interesting, considering the nuances of Federal Oversight over the NYSE. It'll be interesting to see how this pans out.

The biggest concerns I have are of federal oversight over the German ownership. How exactly is that supposed to work?

The other concerns I have include the strength of the US dollar vs. Foreign currency. The Dollar is already loosing ground world wide. The Mexicans are no longer accepting greenbacks in their federal bank, and it seems the Chinese are dumping the dollar as fast as they can.

The Germans aren't happy with the US printing vast quantities of money, and if the rest of the world finally wises up and starts converting from the US Dollar Standard, then we are really set up for massive inflation.

Remember when the British Sterling was the World Reserve Currency? The Brits had a tough go of it when the Sterling finally fell. Now the Dollar is primed to do the same thing.

I'm not sure in my mind that the German takeover of the NYSE will stabilize the dollar or undermine it further, but the news I've been seeing has been a bunch of warning signs of the instability of the US dollar.

Warning signs are everywhere. Like Russia-China trade announcements back in November. LINK HERE. (http://www.ibtimes.com/articles/85424/20101124/china-russia-drop-dollar.htm)

Back in 2009 Japan, France, China and Russia went into talks to replace the Dollar as the currency for Oil trade. Link Here. (http://www.india-server.com/news/gulf-looking-into-replacing-oil-trade-13382.html)

Why is it that BHO is the only one who thinks printing hand over fist amounts of US $$ is a solution?

[Freethinker]

More food for thought.

South Carolina is loosing it's confidence in the American Dollar. STORY HERE.

(http://www.abcnews4.com/Global/story.asp?S=14027506)
France is calling for a NEW GLOBAL FINANCE SYSTEM (http://www.rte.ie/news/2011/0214/g20-business.html).

What does it all mean? The rumblings of the Conspiracy Theorists are pointing to an economic collapse. The confidence in the US Dollar is on the edge of an abyss.

Folks are clamoring to buy gold and silver. Stocking up on household staples. I will admit to having bought some extra canned goods over the last several months myself.

Do you think this economic stuff has any merit?

[Remphoto]

More food for thought.

South Carolina is loosing it's confidence in the American Dollar. STORY HERE.

(http://www.abcnews4.com/Global/story.asp?S=14027506)
France is calling for a NEW GLOBAL FINANCE SYSTEM (http://www.rte.ie/news/2011/0214/g20-business.html).

What does it all mean? The rumblings of the Conspiracy Theorists are pointing to an economic collapse. The confidence in the US Dollar is on the edge of an abyss.

Folks are clamoring to buy gold and silver. Stocking up on household staples. I will admit to having bought some extra canned goods over the last several months myself.

Do you think this economic stuff has any merit?

The U.S.'s financial position is not good but certainly not (yet) as dire as some would have you believe. Why? Because much of the rest of the world is in even worse shape. The Europeans for example have nations in near or total financial collapse and the Euro has its own issues. I get a laugh out of US liberals who think we should somehow copy the Europeans. Their workforce and unions are a poor excuse for a joke. And be like France? Please....

Personally, I think gold is a poor investment. In a worst-case situation, how are you going to use it as currency and who will really want it (and can't be eaten or used for anything useful). Also, ask investors who loaded up on gold when it was at its high a number of years ago and the market collapsed. The same thing could happen again. Canned goods, bullets and beer can be used for barter -- so probably a better investment.