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Today the euro, tomorrow the dollar - by Bill Bonner

Reuters sees the effect; it misses the cause. Debt is not catchy... It's the result of behaviour, not the result of contagious disease.


Forget Greece: the Real Problem is the UK - by Bill Bonner

The falling pound makes it more dangerous to lend money to Britain. Investors have to worry not only about a default... but about a loss due to currency decline.


Go Tell it to the Spartans: Drop Dead - by Bill Bonner

Jean-Claude Trichet probably arrives at 11 and leaves after lunch


The Descent of Money - by Bill Bonner

It is either gold or it is paper


The Dollar is Dead Meat - by Bill Bonner

In the short run, it might have enough life in it to bite investors on the derrière


Destroying the Dollar - by Bill Bonner

What Was America's Golden Age?


The Achilles Heel of the World Economy - by Bill Bonner

This continued quantitative easing will weaken the value of the dollar.


Waiting out the correction - by Bill Bonner

California joins 10% Unemployment club


Middle East to Abandon Dollar? - by Rob Mackrill

We have a good idea what that means for the dollar, but what does it mean for the dollar-peg countries? (Dollar-Peg countries are those exporting nations that have fixed the exchange rates of their currencies to the greenback...). One region where things could change is the Middle East. The turn of the year saw the creation of a new Middle Eastern trade bloc, the Gulf Cooperation Council. The bloc numbers six Persian Gulf states: Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, Qatar and Oman. Among this new blocs objectives is to promote trade among its 35m souls...and the creation of a single currency. The target for introducing the Khaleeji is 2010, less than two years away.


Sterling Riding for a Fall - by Brian Durrant

In 1968 Andy Warhol famously said that "In the future everyone will be famous for 15 minutes." Recently, Richard Arens, a US trader, became the first person ever to pay $100 for a barrel of crude oil. For this achievement (on which he took a subsequent loss of $600) he received a certificate and of course, 15 minutes of fame. Meanwhile, this year is shaping up for more eye-catching price records. Someone might be the first to pay $1,000 for an ounce of gold. And it is not just commodities that are making the record books. The pound is registering all-time lows against the euro (although admittedly the price history here only goes back to 1999)...