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Odds 'n Sods:
"Nines" sent us this: Another
Friday, Another Bank Collapse.
o o o
You probably saw this announcement last month: Bush
Calls Economic Summit for November
15. This could portend a new financial order announcement
by the G20,
either at this meeting or at their next one, early in 2009. I suspect that the
US Dollar will lose its primacy as a reserve currency.
As the Chartist
Gnome told me "this will likely
go far beyond 'a new Bretton Woods.'" A country with these
numbers, and these
numbers, and these
numbers, and these
numbers cannot negotiate from a position of strength.
The
handwriting
is
on
the
wall for the US Dollar.
Get out of
your US Dollar-denominated investments, ASAP! Invest instead in tangibles.
o o o
Tom, who operates CampingSurvival.com mentioned
his new educational site: Urban
Survival Stories. It looks interesting.
o o o
Bob sent us this article: Dems Target Private Retirement Accounts: Democratic
leaders in the U.S. House discuss confiscating 401(k)s, IRAs
o o o
More news and commentary from our Economatrix: Running
On Fumes: GM Could Run Out Of Cash -- Jobless
Rate Bolts to 14-Year High -- Main
Street Sucked into GMAC Junk Bonds -- Financial
Meltdown Worse to Come -- Across
Economy, the News Just Gets Worse -- How to Survive the Coming
US Dollar Collapse -- First
Full-Year Slump Since 1940s, Says IMF -- Ford Posts $129 Million Loss;
Will Cut More Jobs -- Cash or
Gold? -- Just Three 'Superbanks' Now Dominate Industry
