This piece, sent to us by Damon S., should come as no surprise to SurvivalBlog readers: The Dollar Collapses; Commodities, stocks and foreign currencies all rise as investors sell dollars [1]. As I’ve stated before, the magic number to watch for on the US Dollar Index (USDI) [2] is 72. The territory south of 72 is terra incognita. “There Be Dragons.”
Phil G. sent this: Swiss topple U.S. as most competitive economy [3]
U.S. ‘unlikely’ to recoup auto outlay, panel finds [4]
Lack health coverage? You may pa [5]y; “Americans would be fined up to $3,800 for failing to buy health insurance under a plan that circulated in Congress on Tuesday as President Barack Obama met Democratic leaders to search for ways to salvage his health care overhaul.”
From Damon: China Moves to Internationalize Currency [6]
Items from The Economatrix:
Rising Commodities Push Industrial Stocks Higher [7]
Oil Pushes Higher on Weakening Dollar [8]
McDonald’s Sales Growth Slows in August [9]
A Year After the Financial Crisis, the Consumer Economy is Dead [10]
Economic 9-1-1: Did Lehman Bros. Fall or Was it Pushed?
Ambrose Evans-Pritchard: China, Bernanke, and the Price of Gold [11]