Zaphod for President

America’s economy risks mother of all meltdowns

Northern Rock Nationalized
Apparently, the British are testing the waters for the Federal Reserve in nationalizing Northern Rock, the troubled British Bank.
Now, to call either the United Kingdom or United States truly free economies is patently false. Just imagine the Federal Reserve buying shares of Citigroup or Chase Manhattan.

Once upon a time the Zimbabwe Dollar was one of Africa’s strongest currencies. Today, through the miracle of a Federal Reserve in that country, their Dollar isn’t so wonderful.

A Trillion here, a Trillion there, what me worry? All kidding aside, if America wakes up to a President Obama or a President McCain, we’re going to get real nostalgic for Bush 43. Quick, someone help invent a word far stronger than pathetic. Heaven help us all with Ron Paul’s campaign at the crossroads!

Bets placed valued at half of France’s Gold & Currency Reserves. Losses nearly the size of Senegal’s GNP. Jerome Kerviel now joins the ranks of Nick Leeson as a “rogue trader.” Leeson is best remembers as the man who “Fight Clubbed” the Barings Bank, one of England’s oldest investment Banks. Barings even facilitated the Louisiana […]

Indeed another Bubble

Controversial leader of Rhodesia dies. One can only pray that his notorious successor will peacefully meet up with his maker. Maybe then Zimbabwe (Rhodesia) will regain it’s rightful throne as the Jewel of Africa.
Once upon a time during the regime of Carter, the Rhodesian and later Zimbabwean Dollar was once worth about U.S$1.40, currently, […]

THOU SHALL NOT STEAL

Death of the Dollar is a popular headline nowadays. One only needs to look at the number of Dollars required to purchase a Euro, Canadian Dollar, British Pound, Barrel of Oil, Ounce of Gold or Gallon of Milk at Wal-Mart.
In each scenario the answer is more Dollars are necessary to purchase the same quantity […]

Back on October 15th, 2007 I made mention of PetroChina’s sharp rise in market valuation. Warren Buffet sold off most if not all of his shares. BIG MISTAKE. PetroChina is now the WORLD’S MOST VALUABLE COMPANY and at over $1Trillion, “The Chinese oil producer trades at almost 60 times earnings in Shanghai, compared with Exxon’s […]