Dollar Falls on U.S. Jobs Report, Europe's Inflation Fight

The dollar was knocked down Wednesday by a weak U.S. private-sector jobs report and worries from European Central Bank President Jean-Claude Trichet that inflation may "explode."

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The Iraq War: It Was Oil, All Along

Donald Rumsfeld's deputy, Paul Wolfowitz, told the press that war was our only strategic choice. "We had virtually no economic options with Iraq," he explained, "because the country floats on a sea of oil."

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How China Could Crash the US Dollar on a Whim

On all of these fronts, the US is essentially being held hostage, since it has become so dependent on China as the world’s factory.

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Treasury Secretary says FED needs more(?) "oversight" powers

...not oversight that would have prevented tax dollars from financing the Bear Stearns buyout, but more power to control the effects of the blowback propogated by it. [ ...Paulson said the U.S. Federal Reserve needs sweeping new powers to give it easier access to information on financial institutions, and to intervene to avert future crises...]

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Currency Intervention Won’t Halt the U.S. Dollar’s Nosedive

In fact, the United States holds just about 1% of the world’s $7.6 trillion of foreign currency reserves, and our total position amounts to just 2.5% of the total daily volume of foreign exchange trading. Here’s the bottom line: If the U.S. dollar is going to fall, the U.S. Treasury is completely powerless to do anything to stop it.

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Poll: US Taxpayers Want More Funding for Scientific Research

Substantial majorities of US voters not only favor solving major issues through scientific research, but they appear to be willing to spend money on doing so.

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More Dollar issues

House Oversight Committee releases docs further connecting Bush admin to Iraqi oil deals... Developing...

OIL HIGH: $145...

FLASHBACK: BIN LADEN TARGETED $144 BARREL -- 10 YEARS AGO...

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Los Angeles, Miami Foreclosures Double; $5 Billion L.A. Mortgages Go Bad...

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Stocks Slide, Sending Dow Jones Average Into Bear Market...

Oil Prices Rise Near $144: Oil prices shot to a new high near $144 a barrel Wednesday and headed for a record close as the government reported a bigger-than-expected drop in U.S. crude stockpiles and the threat of conflict with Iran weighed on traders' minds.

Disorderly Dollar Drop Can't Be Ruled Out, BIS Says : A disorderly decline in the dollar remains a possibility as losses on U.S. assets pile up and the current-account deficit triggers ``a sudden rush for the exits,'' the Bank for International Settlements said.

Mortgage ruling could shock U.S. banking industry: A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.

Anatomy Of A Bank Failure

FL Adds To States Suing Countrywide

Petrofraud And The New Depression

Rothshilds' IMF To Audit The US Financial System

Dow Ends Worst First Half Since 1970

The Dow-Crash, The Dollar, Gold, And WAR

Bank Implode-O-Meter - End Game Of Modern Banking

UK Savings Rate Sinks To 49 Year Low