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	<title>Comments on: Greenback Has Lost 30% in Past 7 Years, Becomes &#8220;Bernanke Peso&#8221;</title>
	<atom:link href="http://www.dailyreckoning.com.au/greenback/2008/02/04/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/</link>
	<description>An independent perspective on the Australian and global investment markets</description>
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		<title>By: Doug</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6648</link>
		<dc:creator>Doug</dc:creator>
		<pubDate>Thu, 07 Feb 2008 03:58:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6648</guid>
		<description>It&#039;s more than a 30% loss. When Bush took office the Euro was worth about 0.72 USD. Now it is worth about 1.30-1.40 USD. That&#039;s almost a 50% reduction in value.</description>
		<content:encoded><![CDATA[<p>It's more than a 30% loss. When Bush took office the Euro was worth about 0.72 USD. Now it is worth about 1.30-1.40 USD. That's almost a 50% reduction in value.</p>
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		<title>By: Jean</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6637</link>
		<dc:creator>Jean</dc:creator>
		<pubDate>Wed, 06 Feb 2008 19:35:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6637</guid>
		<description>If I may correct an otherwise excellent article, we ARE a republic, not a democracy.  Google the difference.</description>
		<content:encoded><![CDATA[<p>If I may correct an otherwise excellent article, we ARE a republic, not a democracy.  Google the difference.</p>
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		<title>By: topshot</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6630</link>
		<dc:creator>topshot</dc:creator>
		<pubDate>Wed, 06 Feb 2008 12:53:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6630</guid>
		<description>Please allow me to correct the errors in this story.

The United States has little in common with a banana republic.

(The Corruption is about the same) 

It has no bananas. 

(Bush, B &amp; H Clinton, J McCain, The Senate &amp; Congress all bananas)

It is a republic.
(However the people fail to use it.)</description>
		<content:encoded><![CDATA[<p>Please allow me to correct the errors in this story.</p>
<p>The United States has little in common with a banana republic.</p>
<p>(The Corruption is about the same) </p>
<p>It has no bananas. </p>
<p>(Bush, B &amp; H Clinton, J McCain, The Senate &amp; Congress all bananas)</p>
<p>It is a republic.<br />
(However the people fail to use it.)</p>
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		<title>By: David</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6626</link>
		<dc:creator>David</dc:creator>
		<pubDate>Wed, 06 Feb 2008 10:01:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6626</guid>
		<description>What we are witnessing id the contrived take down of America no less.
Which country allows all of its
manufacturing jobs to be sent  abroad,Which country would maintain 750 bases around the world yet at home they are imploding.the middle class in America have begun moving from 300,000 dollar houses to tent cities.The richest country in the world and now on the verge of collapse no I won&#039;t insult your intelligence by saying they are in recession they are in full blown depression.
It is a contrived event to  make sure the North American Union advances on schedule.A contrived 
event to destroy America.On the ashes of America will rise the NWO</description>
		<content:encoded><![CDATA[<p>What we are witnessing id the contrived take down of America no less.<br />
Which country allows all of its<br />
manufacturing jobs to be sent  abroad,Which country would maintain 750 bases around the world yet at home they are imploding.the middle class in America have begun moving from 300,000 dollar houses to tent cities.The richest country in the world and now on the verge of collapse no I won't insult your intelligence by saying they are in recession they are in full blown depression.<br />
It is a contrived event to  make sure the North American Union advances on schedule.A contrived<br />
event to destroy America.On the ashes of America will rise the NWO</p>
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		<title>By: John</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6611</link>
		<dc:creator>John</dc:creator>
		<pubDate>Tue, 05 Feb 2008 22:34:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6611</guid>
		<description>Yea the US is going to shit, I need to move somewhere else.

I put in my vote for Dr. Paul this morning in Phoenix, AZ.  At least I&#039;ll be able to say I did something...</description>
		<content:encoded><![CDATA[<p>Yea the US is going to shit, I need to move somewhere else.</p>
<p>I put in my vote for Dr. Paul this morning in Phoenix, AZ.  At least I'll be able to say I did something...</p>
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		<title>By: whooper</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6603</link>
		<dc:creator>whooper</dc:creator>
		<pubDate>Tue, 05 Feb 2008 11:05:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6603</guid>
		<description>I like it... am short t-bonds at around 120 on USH8 and sweating recently... it&#039;s got all the hallmarks of a great trade but it&#039;s hard to ride out the short term recession fear factor... With so many countries tied to the US we now have real yields in Hong Kong running negative which brings me onto my next trade - long Hang Seng. With China&#039;s managed capitalism trumping the tired old democratic model it&#039;s going to be a brave new world and we need to make as much as we can to prepare for it...</description>
		<content:encoded><![CDATA[<p>I like it... am short t-bonds at around 120 on USH8 and sweating recently... it's got all the hallmarks of a great trade but it's hard to ride out the short term recession fear factor... With so many countries tied to the US we now have real yields in Hong Kong running negative which brings me onto my next trade - long Hang Seng. With China's managed capitalism trumping the tired old democratic model it's going to be a brave new world and we need to make as much as we can to prepare for it...</p>
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		<title>By: David Kendall</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6602</link>
		<dc:creator>David Kendall</dc:creator>
		<pubDate>Tue, 05 Feb 2008 07:59:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6602</guid>
		<description>Great article. I wish people would get more involved in learning abuot economic problems and become more aware of how their lives are directly and deeply affected by them. In the same regard, I wish people would spend more time learning about potential solutions that have been proposed.

While I hate to blow the mighty horn for only one set of ideas, Richard C. Cook is someone who dares to present such proposals. His ideas are at least a beginning toward closing the gap between empty complaints about problems and the formulation of real-world solutions.

While I also hate to post a comment comprised mostly of someone else&#039;s opinion, Cook does such a nice job of summarizing his ideas in the following excerpt, there is little point in my attempt to paraphrase. Here is a link to some of his most recent work:

http://www.economyincrisis.org/articles/show/1196

And here is the excerpt:

&quot;What then is the remedy? In my opinion, our economy can only be restored by a program that recognizes credit as public utility, that restores our infrastructure, that eliminates debt, and that puts sufficient purchasing power directly into the hands of the people. Above all, our monetary supply should be created through the federal government spending money directly into existence, not through bank lending.

&quot;Among the measures I have been proposing in my articles on Global Research and elsewhere are, first, an income guarantee to all citizens similar to the annual payments to persons in Alaska through the Alaska Permanent Fund. These payments today amount to almost $1,700 per person per year or $6,800 for a family of four.

&quot;What I am calling a National Dividend would be a substantially larger amount and should be provided to everyone in society, whether they work or not. In other words, a subsistence level of income security should be a human right. Such an infusion of purchasing power would also encourage economic growth, particularly at the grassroots level, by allowing people to buy what they need without borrowing or else pay off what they currently owe.

&quot;The second measure is a new system of public finance, starting with a federal self-collateralized infrastructure bank similar to the Reconstruction Finance Corporation that rebuilt America during and after the Great Depression. Such a bank has been proposed by Senator Chris Dodd and others, but the bank I have in mind would channel money directly into the economy without going through the Federal Reserve or the private banking system.

&quot;A National Dividend combined with a self-collateralized federal infrastructure bank would also create a new American currency different from debt-based Federal Reserve Notes.

&quot;Finally, the abuse of credit by the banking system should be stopped by outlawing the practice of lending for speculation, including most leveraged buyouts, mergers, acquisitions, and hedge funds. In other words, no more bank-created bubbles. Of course this is the system that is now crashing anyway.

&quot;These programs would lead to real income security and revitalize the U.S. economy. It would do the same if applied in other nations. By contrast, a pittance of a tax rebate combined with slightly cheaper bank loans is a bad joke.&quot;</description>
		<content:encoded><![CDATA[<p>Great article. I wish people would get more involved in learning abuot economic problems and become more aware of how their lives are directly and deeply affected by them. In the same regard, I wish people would spend more time learning about potential solutions that have been proposed.</p>
<p>While I hate to blow the mighty horn for only one set of ideas, Richard C. Cook is someone who dares to present such proposals. His ideas are at least a beginning toward closing the gap between empty complaints about problems and the formulation of real-world solutions.</p>
<p>While I also hate to post a comment comprised mostly of someone else's opinion, Cook does such a nice job of summarizing his ideas in the following excerpt, there is little point in my attempt to paraphrase. Here is a link to some of his most recent work:</p>
<p><a href="http://www.economyincrisis.org/articles/show/1196" rel="nofollow">http://www.economyincrisis.org/articles/show/1196</a></p>
<p>And here is the excerpt:</p>
<p>"What then is the remedy? In my opinion, our economy can only be restored by a program that recognizes credit as public utility, that restores our infrastructure, that eliminates debt, and that puts sufficient purchasing power directly into the hands of the people. Above all, our monetary supply should be created through the federal government spending money directly into existence, not through bank lending.</p>
<p>"Among the measures I have been proposing in my articles on Global Research and elsewhere are, first, an income guarantee to all citizens similar to the annual payments to persons in Alaska through the Alaska Permanent Fund. These payments today amount to almost $1,700 per person per year or $6,800 for a family of four.</p>
<p>"What I am calling a National Dividend would be a substantially larger amount and should be provided to everyone in society, whether they work or not. In other words, a subsistence level of income security should be a human right. Such an infusion of purchasing power would also encourage economic growth, particularly at the grassroots level, by allowing people to buy what they need without borrowing or else pay off what they currently owe.</p>
<p>"The second measure is a new system of public finance, starting with a federal self-collateralized infrastructure bank similar to the Reconstruction Finance Corporation that rebuilt America during and after the Great Depression. Such a bank has been proposed by Senator Chris Dodd and others, but the bank I have in mind would channel money directly into the economy without going through the Federal Reserve or the private banking system.</p>
<p>"A National Dividend combined with a self-collateralized federal infrastructure bank would also create a new American currency different from debt-based Federal Reserve Notes.</p>
<p>"Finally, the abuse of credit by the banking system should be stopped by outlawing the practice of lending for speculation, including most leveraged buyouts, mergers, acquisitions, and hedge funds. In other words, no more bank-created bubbles. Of course this is the system that is now crashing anyway.</p>
<p>"These programs would lead to real income security and revitalize the U.S. economy. It would do the same if applied in other nations. By contrast, a pittance of a tax rebate combined with slightly cheaper bank loans is a bad joke."</p>
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		<title>By: novosonic</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6564</link>
		<dc:creator>novosonic</dc:creator>
		<pubDate>Mon, 04 Feb 2008 04:30:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6564</guid>
		<description>you international speculators ought to cook up something besides trilateralist nonsense. where are the facts and figures the bourses locations and the odds on the predicitions...

i&#039;m going to take some kits of whipping cream later so i can get a real good nights sleep. i have bills to pay in the morning.

but my personal spring plot to add value to my share of the homestead involves, collecting charcoal from the wood stove and store them in some galvanized buckes with matching lids.

then come spring time, i&#039;ll be doing a charcoal retort in my old scrap barbie.

i&#039;ll heat up some scrap iron i scavenged at my old factory job.

dip the blanks in a red hot fire, and hope i remember to do the time transform and get the bar out of the pit before it reaches triple point.

anyway, i&#039;ll set up my mail order anvil and one of my old hammers and beat the tarnation out of that scrap.

it&#039;s music to my ears, up to a point, because to make demascus steel i&#039;ll have to insert some of my mail order foam ear plugs.

but, that&#039;s too time intensive and i need my sense of hearing more than the speed reading.

but i have all sorts of tanto designs and a new french curve version with a reverse french pin drive.

i&#039;ve done oak handles, and i&#039;ve done maple handles, i&#039;ve done birch handles, and i&#039;ve done a rosewood handle. me gonna take a chance and lot for something new with my chain saw, aka big red....

but to breach another subject, it&#039;s gonna be difficult and expensive to get too the Henniker NH harware store. See, i make my own rivets and i new the secret ingrediant.

CODE patetern onnn.....

i befroe e except after c, except when you get voewls exchanged with dipthongs.</description>
		<content:encoded><![CDATA[<p>you international speculators ought to cook up something besides trilateralist nonsense. where are the facts and figures the bourses locations and the odds on the predicitions...</p>
<p>i'm going to take some kits of whipping cream later so i can get a real good nights sleep. i have bills to pay in the morning.</p>
<p>but my personal spring plot to add value to my share of the homestead involves, collecting charcoal from the wood stove and store them in some galvanized buckes with matching lids.</p>
<p>then come spring time, i'll be doing a charcoal retort in my old scrap barbie.</p>
<p>i'll heat up some scrap iron i scavenged at my old factory job.</p>
<p>dip the blanks in a red hot fire, and hope i remember to do the time transform and get the bar out of the pit before it reaches triple point.</p>
<p>anyway, i'll set up my mail order anvil and one of my old hammers and beat the tarnation out of that scrap.</p>
<p>it's music to my ears, up to a point, because to make demascus steel i'll have to insert some of my mail order foam ear plugs.</p>
<p>but, that's too time intensive and i need my sense of hearing more than the speed reading.</p>
<p>but i have all sorts of tanto designs and a new french curve version with a reverse french pin drive.</p>
<p>i've done oak handles, and i've done maple handles, i've done birch handles, and i've done a rosewood handle. me gonna take a chance and lot for something new with my chain saw, aka big red....</p>
<p>but to breach another subject, it's gonna be difficult and expensive to get too the Henniker NH harware store. See, i make my own rivets and i new the secret ingrediant.</p>
<p>CODE patetern onnn.....</p>
<p>i befroe e except after c, except when you get voewls exchanged with dipthongs.</p>
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		<title>By: Coffee Addict</title>
		<link>http://www.dailyreckoning.com.au/greenback/2008/02/04/comment-page-1/#comment-6554</link>
		<dc:creator>Coffee Addict</dc:creator>
		<pubDate>Mon, 04 Feb 2008 01:06:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/greenback/2008/02/04/#comment-6554</guid>
		<description>My guess is that the Asian and Middle East governments buy T Bonds as a short term repository with the longer term view of investing in US equities when the time and price is right.  

Could this partly explain market buoyancy in the face of economic despair?</description>
		<content:encoded><![CDATA[<p>My guess is that the Asian and Middle East governments buy T Bonds as a short term repository with the longer term view of investing in US equities when the time and price is right.  </p>
<p>Could this partly explain market buoyancy in the face of economic despair?</p>
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