__________ * North Korea has devalued its currency by 100 to 1, Kim Sue-young at the Korea Times is reporting. Original Article found HERE Sue-young writes: A North Korea watcher said Tuesday that Pyongyang’s reported revaluation of its currency was aimed at increasing the wealth of the nation and beefing up state-run companies.According to reports, [...]
Archive for the ‘- The World’s Economy (Rev 6:6)’ Category
-North Korea Has Devalued Its Currency
Posted in - The World's Economy (Rev 6:6), tagged 2009 currency devaluation, 2009 inflation, north korea, north korea currency devaluation, peter schiff, peter schiff and hyper-inflation, world wide currency devaluation, world wide hyper inflation, world wide inflation 2009 on December 10, 2009 | Leave a Comment »
-Will HYPER-Inflation Hit the U.S.?
Posted in - The World's Economy (Rev 6:6), tagged hyper-inflation, the state of the world's economy, will hyper-inflation hit the US on December 4, 2009 | Leave a Comment »
___________ * Four Reasons Why Hyperinflation Hasn’t Hit the U.S. Economy…Yet By Keith Fitz-Gerald Chief Investment Strategist Money Morning Everything we know about classic economic theory suggests the U.S. economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the U.S. Federal Reserve has pumped into the system. But we’re not…yet. [...]
-Vietnam’s Government Devaluing Currency
Posted in - The World's Economy (Rev 6:6), tagged vietnam money devaluation, vietnam's stock market falling november 2009 on December 1, 2009 | Leave a Comment »
____________ ____ * Vietnam shares fall on devaluation move By Tim Johnston in Bangkok Published: November 25 2009 08:18 | Last updated: November 26 2009 03:22 Copyright The Financial Times Limited 2009. Vietnam’s stock market fell sharply on Thursday after the government’s sudden decision to devalue the currency by 5.4 per cent and raise interest [...]
- India “keen to diversify its reserves away from the US dollar”
Posted in - The World's Economy (Rev 6:6), tagged india buys gold, india diversiifies reserves away from US dollar, the decline of the US dollar on November 4, 2009 | Leave a Comment »
_______________ _________ * by L.A. Bell Because the below News Story may bring a twinge of FEAR to the hearts of some, I am repeating yesterdays opening lines which I wrote before posting the news story regarding the historical connection of a society’s money devaluation and hyper-inflation: The decline of US power, prestige and current [...]
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