Sovereign Mind Magazine

NEWS FLASH!!

Is this the death of the dollar?

By Edmund Conway
Published: 7:32PM BST 20 Jun 2009

After two smugglers were stopped last week with what at first appeared to be $134bn in US state bonds, the tension and paranoia surrounding the fate of the dollar hit a new high.

Border guards in Chiasso see plenty of smugglers and plenty of false-bottomed suitcases, but no one in the town, which straddles the Italian-Swiss frontier, had ever seen anything like this. Trussed up in front of the police in the train station were two Japanese men, and beside them a suitcase with a booty unlike any other. Concealed at the bottom of the bag were some rather incredible sheets of paper. The documents were apparently dollar-denominated US government bonds with a face value of a staggering $134bn (£81bn).CONTINUE

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One Federal Reserve to rule them all

President Obama's plans for the reform of financial regulation could be generating an unintended turf war

By James Quinn
Published: 9:36PM BST 20 Jun 2009

A wasted opportunity." That was the verdict of European Central Bank board member Lorenzo Bini Smaghi after Gordon Brown and other European Union leaders on Friday signed off on a new framework to police the European financial markets. In spite of many observers being surprised at the Prime Minister's apparent willingness to sign-up to a treaty which essentially mean key parts of the City of London are now policed by Brussels, Mr Bini Smaghi did not seem impressed. CONTINUE

Redesigning Reality One thought at a time


The Illuminati and the illusion of money (ep.17)

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