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>> QUAKE + NUCLEAR cleanup will cost BILLIONS >>> Japan may DUMP US DOLLAR ASSETS, TREASURIES
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[quote:oldboldpilot:MV8xMzkwMzk2XzIzMjM3MDI2Xzk1RjE5RDMz] A crash of the US dollar doesn't just affect the United States...it affects anyone who buys commodities...food, oil, cotton...are all priced in dollars. When the US dollar crashes, it drives the price of all these things much higher This has already been happening since August, when the insane head of the Federal Reserve effectively began printing money in the trillions. That is why the price of food is up 50-100% in 6 months When the US dollar crashes, it will multiples worse...not just for the US, but for everyone. The food riots happening in Egypt, in Tunisia, even in Asia...are all a result of the effective crash of the USD to date. Imagine 10x that going forward Perhaps that is what the PTB want...upheaval and chaos everywhere However, many ordinary decent people who just want to take care of their families and be left alone, will truly be facing a difficult time I am sorry for the people in Japan and the unfolding tragedies there....and I sorry for what I see ahead for the world economy. I didn't care for globalism...but they didn't ask me. Now that it's here and deeply entrenched, whatever happens in Asia, affects us all within a day or two. [/quote]
Original Message
JAPAN will have to focus on rebuilding...and unprecedented nuclear cleanup costs. There are signs they are already starting to sell US Treasuries to Pay For Quake Damage -
This means a lower USD and much HIGHER US Interest rates ahead. Goodbye to any housing recovery...and hello much higher gas and food prices
[
link to www.examiner.com
]
Japan's Devasting Quake Could Cause Higher U.S. Interest Rates
Should expenses build up and Japan needs to kind of rebuild, they`re going to likely sell, not only sell their current Treasury holdings,
but potentially really prevent them from buying more as they have some spending to do back home.
[
link to www.pbs.org
]
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This comes on top of forecasts that the earthquake in Japan will also cause oil prices to rise. Our fragile economy may not easily handle these dual shocks at this time..:
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Japan earthquake may push oil prices higher
The powerful earthquake and tsunami that slammed northern Japan knocked out car plants and steel mills, stranded thousands in offices and at Disney's resort in Tokyo, and pummeled financial markets in Asia and Europe. But the biggest effect on the world economy may yet come in further roiling oil
[
link to www.latimes.com
]
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Petrol set for rise as aftershocks rock markets
Industry experts say that if Japan cannot get its refineries back online quickly, there will be a spike in that country's demand for petrol, diesel and jet fuel. Global suppliers might find it more profitable to increase shipments to Japan instead of selling the fuel elsewhere, resulting in a bidding-up of prices.
The disaster also has added an element of uncertainty for global rice prices. The Japanese region hit by the tsunami is a major production area for rice. The world's rice supply had been forecast to be robust but economists warned that the effect of the tsunami on Japan and other grain-growing areas in the Pacific Rim may temporarily fuel already-rising global food prices.
[
link to www.smh.com.au
]
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