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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:MV8xMzkwMzk2XzIzMjM4MTM1XzRDNDI4N0E5] [quote:oldboldpilot] Your first reply was about 'dump the dollar' I told you it was on the way. I won't even ask you how I didn't reply to that, as that will bring more arguing How on earth am I defending the current system. I am merely aware of it and pointing it out...you seem determined to fight with someone...please find someone else to do it with. If you want a revolution, there are many angry people here on GLP who would be glad to get into it with you. Back to the topic, regarding the dollar...haven't you seen what has been happening with the USD already in the past month, and since August? It seems clear to anyone who has been tracking it that the USD has broken all trend lines and resistance. I actually had some doubt about my friend's forecast when I heard it, but now I'm convinced. SDRs are a brainchild of the IMF...furthering the globalist agenda http://www.imf.org/external/np/exr/facts/sdr.htm Proof of SDRs? There's a good video on it here http://www.informedtrades.com/520465-jim-rickards-sdrs-succeeding-us-dollar-world-reserve-currency.html youtube: [youtube] http://www.youtube.com/watch?v=MxLgGPqAulw[/youtube] [/quote] Again: 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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