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>> QUAKE + NUCLEAR cleanup will cost BILLIONS >>> Japan may DUMP US DOLLAR ASSETS, TREASURIES
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[quote:Anonymous Coward 1283030:MV8xMzkwMzk2XzIzMjM3OTczXzk3M0RBNjc2] [quote:oldboldpilot] [quote:Anonymous Coward 1283030] [quote:oldboldpilot] Whoever said I thought this was fair or right? You seem very eager to pick a fight...I think perhaps you need to find someone feeling more argumentative I said I grew up in a country which is well known for extreme poverty. I watched cousins and friends of my parents slip into near poverty when the Brazilian economy became wretched. You have no idea how much time I have donated to homeless shelters or working for Habitat for Humanity. How much time have you donated? You don't read so well either...perhaps your emotion is blocking what you read Regading wars, you don't know how much time I have put into fighting not just Iraq, but other wars as well, nor how active I have been politically. You have no idea of the organizations I have donated time and money to in attempts to change things. But I do not have to sit here and justify myself to you, because you don't even know me...just a thread I started because I follow the currency markets closely, a habit I picked up from the south american side of my family. Again, I believe you must be very young. You jump to conclusions way too quickly and make far too many assumptions...you sound like you're screaming at someone you have an image of in your head, that ugly american you've been loathing for years, perhaps....someone you'd like to shake. I am not that person, so I do not wish to fight with you. I would wish that this world became a better place, with more abundance for all of her children, but I'm afraid that we are about to go through some very painful times. How do you have a "reset" of the economy without a crash? That is what is coming, and many more people will be broke, homeless and hungry. [/quote] Read back and see what my first reply was! Then start reading again and find out who is picking a fight here. Believe what you want, your ANONYMOUS on the net so all your talk about politics, donations and fighting can be bullshit as well, and i don't care. I posted 1 LINE of text and this emerges, who is to blame me? Sure whatever you believe. [/quote] Regarding the dollar collapsing...unfortunately that was being planned anyway. I have a few friends who work for the Brazilian foreign service, and they've been saying that the US was working closely to devalue the USD by 40-60%. The USD is being replaced by the SDR...those are already in use. That is why the USD hasn't moved up at all with all the wars and disasters...it is no longer a safe haven, and the leaders who gather at Davos and other meetings like the G7 are well aware that the phase out will be this year However, this situation with Japan is accelerating the process. The dumping of the USD was planned and they were doing their best, through currency swaps and other mechanics, to make it orderly. This is mother nature putting in her .02c, and the result could be a totally disorderly run on the USD and possible chaos in the bond markets. Most people don't care at all about these things, because they sound so distant to their lives...but the impact of these financial earthquakes could be just as devastating as a physical disaster. Just ask the poor farmers who were wiped out in 1930, and yet never owned a share of stock or followed the Stock Market. What we don't know can hurt is. Brace for impact. [/quote] So what has this to do with my first reply? Who is starting what here? OK! Nice story and all, but no proof nor links are present. So this is yet another story on the internet of so many other conpiracies and ways things are changed are done secretly. This world is based on lies, money, power, greed and you are still defending it. Good luck, but like i said before "World changes will come before the end of this year". Good Luck to you. [/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
]
__________________________________
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..:
__________________________________
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
]
__________________________________
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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