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	<title>UnDollars</title>
	<link>http://undollars.com</link>
	<description>The Coming Dollar Crisis.  Why it&#039;s inevitable, and what you can do about it</description>
	<lastBuildDate>Fri, 18 May 2012 21:14:35 +0000</lastBuildDate>
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		<title>JPMorgan Chase and Central Banking</title>
		<description><![CDATA[On Friday, May 1, 2012, JPMorgan Chase said it suffered a $2 billion trading loss. Some commentators have suggested that the huge loss emanates from so-called proprietary trading or placing risky bets using the bank&#8217;s money. The loss raised the credibility of the Volcker rule, which restricts banks from trading their own money. Despite JPMorgan [...]]]></description>
		<link>http://undollars.com/jpmorgan-chase-and-central-banking/</link>
			</item>
	<item>
		<title>The Emperor Is Naked</title>
		<description><![CDATA[A &#8220;paralyzed&#8221; Federal Reserve Bank, in its &#8220;final days,&#8221; held hostage by Wall Street &#8220;robots&#8221; trading in markets that are &#8220;artificially medicated&#8221; are just a few of the bleak observations shared by David Stockman, former Republican U.S. Congressman and director of the Office of Management and Budget. He is also a founding partner of Heartland [...]]]></description>
		<link>http://undollars.com/the-emperor-is-naked/</link>
			</item>
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		<title>Risk Off Gains a Foothold</title>
		<description><![CDATA[There were important developments this week in the realm of market risk dynamics, developments that increased the likelihood that problematic de-risking/de-leveraging dynamics have begun to gain a foothold.
Let’s start with Europe. First, the Greek elections have created great uncertainty, hence, market risk. Voters hammered the two establishment parties, the main New Democracy and Pasok parties [...]]]></description>
		<link>http://undollars.com/risk-off-gains-a-foothold/</link>
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		<title>Global Meltdown of Historic Proportions &amp; A Fork in the Road</title>
		<description><![CDATA[


With continued volatility in many of the key global markets, 40  year veteran, Robert Fitzwilson wrote this exclusive piece for King World News.   Fitzwilson is founder of The Portola Group, one of the premier boutique firms in  the United States.  Here are Fitzwilson’s observations:  “The Central Banks have been pursuing a very [...]]]></description>
		<link>http://undollars.com/global-meltdown-of-historic-proportions-a-fork-in-the-road/</link>
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		<title>Why Civilized People Buy Gold</title>
		<description><![CDATA[&#8220;Gold is a great thing to sew onto your garments if you&#8217;re a Jewish family in Vienna in 1939 but civilized people don&#8217;t buy gold – they invest in productive businesses.&#8221; ~ Charlie Munger
Charlie Munger is Warren Buffett&#8217;s partner. He is 88 years old. You can see his remark in this brief extract from an interview on [...]]]></description>
		<link>http://undollars.com/why-civilized-people-buy-gold/</link>
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		<title>Fat Gold Fingers &#8211; China Buys Gold&#8230;No Matter Who’s Selling</title>
		<description><![CDATA[Someone is selling in size&#8230;Someone is buying in size. That’s what makes markets, as the saying goes. But that’s also what makes market manipulations, according to the bloggers at Zero Hedge.
The seller in this case is very large and very sloppy, perhaps intentionally so. The buyer is also very large, but very patient and methodical. [...]]]></description>
		<link>http://undollars.com/fat-gold-fingers-china-buys-gold-no-matter-who%e2%80%99s-selling/</link>
			</item>
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		<title>The Fed&#8217;s Jelly Donut Policy</title>
		<description><![CDATA[A Jelly Donut is a yummy mid-afternoon energy boost.
Two Jelly Donuts are an indulgent breakfast.
Three Jelly Donuts may induce a tummy ache.
Six Jelly Donuts &#8212; that&#8217;s an eating disorder.
Twelve Jelly Donuts is fraternity pledge hazing.
My point is that you can have too much of a good thing and overdoses are destructive. Chairman Bernanke is presently [...]]]></description>
		<link>http://undollars.com/the-feds-jelly-donut-policy/</link>
			</item>
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		<title>Doug Noland&#8217;s Credit Bubble Bulletin</title>
		<description><![CDATA[Selected Notes
April 30 – Bloomberg (John Gittelsohn): “The U.S. homeownership rate fell to the lowest level in 15 years in the first quarter… The rate dropped to 65.4% from 66% in the fourth quarter and fell a full percentage point from a year earlier…”
May 1 – Bloomberg (Lucy Meakin and Emma Charlton): “European Central Bank [...]]]></description>
		<link>http://undollars.com/doug-nolands-credit-bubble-bulletin-42/</link>
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		<title>Revenge of Risk Off?</title>
		<description><![CDATA[In respect for economic history and brilliant but long-dead monetary thinkers, some years back I assigned the “inflationist” label to the outspoken Keynesians. Paul Krugman now calls his analytical/policy adversaries the “austerians,” an entertaining update to the wretched “liquidationists” and “Bubble poppers” from bygone eras. In this epic battle of inflationists vs. austerians, I’ll place [...]]]></description>
		<link>http://undollars.com/revenge-of-risk-off/</link>
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		<title>Jim Grant: &#8220;The Federal Reserve Is The Vampire Squid Of Vampire Squids&#8221;</title>
		<description><![CDATA[Munch&#8217;s &#8220;The Scream&#8221; may be all the rage today, but to Jim Grant, in his latest interview on Bloomberg TV, the record price paid for the painting is not so much a manifestation of modern art as one of modern currency: &#8220;This is the flight into things from paper&#8221; . Thus begins the latest polemic [...]]]></description>
		<link>http://undollars.com/jim-grant-the-federal-reserve-is-the-vampire-squid-of-vampire-squids/</link>
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