Tuesday, November 9, 2010

Financial Crisis And Fears Over U.S. Monetary Policy Escalate

(Click Image to Enlarge)
What One Billion U.S. Dollars Look Like.
One Billion Dollar is stacked on 12 standard pallets, altogether 10 million 100 USD notes. Hat Tip: Theo Spark

'The US Has Lived On Borrowed Money For Too Long': Interview With German Finance Minister Schäuble -- Spiegel Online

In an interview with SPIEGEL, German Finance Minister Wolfgang Schäuble, 68, criticizes US calls for Germany to reduce exports, outlines his plans for an insolvency framework for indebted European nations and the emphasizes the significance of the German-French axis for Europe.

Read more ....

More News On The Financial Crisis

Fed Global Backlash Grows: China and Russia Join Germany in Scolding; Obama Defends Move as Pro-Growth -- Wall Street Journal
QE continues to cause bubbling resentments -- Belfast Telegraph
Key banker is skeptical about Fed plan -- Houston Chronicle
Obama defends Fed's plan amid global criticism -- The Hill
China to Tighten Control on Inflows of Overseas Funds -- Bloomberg
Gold hits record high on euro zone debt fears -- Yahoo News/Reuters
Gold hits new record high; palladium nine-year high -- Reuters
Futures Higher, Gold Hits Another Record, G-20 Looms -- Wall Street Journal

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