Created in 2007 to give you a timely warning about the causes and consequences of the next global financial crisis since 1997, through the exposition of fundamental events analysis. ---(Tuesday Through Thursday Updates: 3 p.m. México City; 4 p.m. NY)---


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TODAY'S "TOP TEN " CRISIS EVENTS
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lundi, novembre 02, 2009

ECONOMIC MYTHS TODAY: NOV. 02 UPDATE: NAVA

MYTH ONE: THE DOLLAR WILL LOSE ITS STATUS AS THE WORLD MAIN RESERVE CURRENCY:

Simply absurd in the short-term (15 years at least).....China's growth is fictitious as long as it is based on a 2-systems economy...What's that suppose to mean anyway? On top of that, democracic advancement is stuck since the 198o's! Free elections to accomplish lasting nations' progress is a "Must"! ... Euro strength is doubtful, risk of a Euro-Zone breaking up is growing not diminishing!...... Yen's backed by the most indebted nation on earth........The thought of SDRs or any new currency appearing in Asia, Middle-East or South America defying the dollar or the intrinsically healthy U.S. economy (yes, despite the present crisis) is even more far-off.

J CNN

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Analyses Back-up: Check: PESO, EURO; JAPAN, YEN; CHINA, YUAN; STERLING, U.K.; DOLLAR, UNITED STATES

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