"Mainstream Media's Failed Reporting on the Dollar Collapse
AS of 7:09 AM ET CNBC and Marketwatch do not have anything on their front page about the Asian intervention in foreign currency markets to prop up the collapsing dollar.
FT has a general story on the weak dollar four stories down.
WSJ covers it, but only half way down, in the "Before the Bell" segment.
Let me make clear what MSM is obviously not getting. Panic out of the dollar is the great tsunami that could rock the financial system to its core. If this escalates. It means soaring--double digit-- U.S. inflation, a near impossible ability for the U.S. government to finance its debt, a complete restructuring of the international financial structure. Asian financed borrowing to support consumption in the United States will be over. International trade patterns will completely change, with the U.S. in the role as major exporter, but at real wages that will be lower as a result of the crashing dollar inspired inflation. Think you are working hard now? Wait. This won't be a double dip recession. It will be a heart attack for the U.S. economy, followed by a stroke. We'll never be the same.
This is not a page two story. This is a front page story deserving type the size of an assassination story. Indeed, it is not the death of a president, but something much more serious, the potential death of our currency.
--MORE--"
Also watch: Celente The Dollar is Finished
And what does my beloved (said with as much sarcasm as you can imagine) Boston Globe do with it?
Makes it a BRIEF on PAGE B8!
"Weaker dollar drives up crude price" by Associated Press | October 9, 2009
NEW YORK - Energy prices climbed yesterday despite massive petroleum surpluses, as the dollar weakened and equities markets rose....
Natural gas, gas futures, and heating oil also jumped. “It amazes me,’’ Dan Flynn, an analyst with PFGBest, said. “With all the supply we have, we are way overpriced.’’
The Energy Information Administration said this week that the country continues to sit on massive surpluses of petroleum. Oil and gas stockpiles are well above average, and distillate fuels have grown to their highest level since January 1983....
Traders recently have shrugged off supply data, however. They’ve been swayed more by uncertainty in the US dollar and signs that the economy was on the mend.
The dollar has lost value to other major currencies as the federal government pumped money into stimulus programs.
Yeah, something I SAID WEEKS AGO (see commentary at end of post)!!!!
Energy commodities, traded in dollars, tend to rise as the dollar falls and international investors gain more buying power....
Then WHY DID YOU LIE TO ME, MSM?
HOT: Dollar Intervention!!! Things are really bad when the Philippines is propping up the dollar. The Philippines! These declines are really hard to stop, near impossible. Is this the the start of the tsunami wall of dollars that could hit markets?
"Stores say sales show signs of a turnaround; But buyers are driven by deals" by Anne D’Innocenzio, Associated Press | October 9, 2009
NEW YORK - Americans are finally spending a little more, but they’re playing hard to get.
A tally of sales at top stores managed a gain in September for the first time in more than a year. It was a pleasant surprise for retailers, but analysts say shoppers still aren’t coming in the door unless they see deep discounts.
The increase in the sales figure from the International Council of Shopping Centers and Goldman Sachs yesterday was small - just 0.1 percent - yet significant because many analysts expected sales to keep falling, as they had since August 2008....
Do you honestly think I'm going to believe what the liars at Goldman's claimed?
Related: Goldman Sachs Says It Will Be a Very Merry Christmas
Yeah, for them!
Also see: Banks Back to Doing What They Do Best
By regular measures, it was a weak month.
Yeah, when you can MOVE the GOAL LINE it works out pretty well.
Even a HUGE, STEAMING, STINKING TURD won't STINK!
Oh, readers, it's coming from my NEWSPAPER!
In the previous five Septembers, sales rose an average of 2.6 percent compared with the year before. Analysts figure stores will have to entice shoppers with discounts through the holiday season. Laura Rogers of Erlanger, Ky., said she and her husband, who has a lawn care business, are doing all right financially but they don’t want to add any more debt. She plans to trim her holiday shopping budget but has yet to decide by how much....
:-)
A late Labor Day and delayed school openings helped because Americans bought some items in September that they otherwise might have bought in August.
Grasping at an anchor like a drowning man, 'eh, MSM?
Also see: Going Back to School Shopping
Are you sick of the agenda-pushing lies yet?
--more--"
Related: From Recession to Depression
Consumers Cutting Debt Killed Recovery
Out-of-Work Americans Killed Economic Recovery
That's right, America; after looting the place, the same bastards are going to turn around and BLAME YOU for the FAILURE of "recovery." 
And SAY GOODBYE to the LIVES YOU HAVE KNOWN because you are about to enter a hell you have no conception of, 'murkn -- and that goes for me, too!
Ah, who gives a fuck, right? The game is on.
"The corporate media's job is to keep you spending until the last penny is extracted from the last pocket." -- Wake the Flock Up