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    Default weekend commentary - US now #40 in worldwide 'sound' banking ...

    (snip)"Japan Might Drop US Fiat Dollar Trade Use!
    10/9/8

    Elaine Meinel Supkis


    Shocking news: the US is now the world's #40 banking power. Behind nearly everyone, even El Salvador? Wow! Also, Nikkei News shoots across the US banking prow: they are considering dropping the US dollar as their trade currency!!!! OH MY GOD. Here it comes! The end of the US fiat currency era. The only question is, will Germany and Japan form a deal where the euro replaces the dollar? Or will China step in and finally put us out of our misery? They said to me in 1986, 'I be bank' once they figured out how international banking worked. And I discuss the IMF, IMF riots and China's relations with the IMF. Boy, are we in for a heap of trouble.


    Canada rated world's soundest bank system: survey

    (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.

    But Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after a 50 billion pound ($86.5 billion) pledge this week by the government to bolster bank balance sheets.

    The United States, where some of Wall Street's biggest financial names have collapsed in recent weeks, rated only 40, just behind Germany at 39, and smaller states such as Barbados, Estonia and even Namibia, in southern Africa.



    WOW. London and NYC were both vying to be global banking centers. The US and UK were going to dominate global monetary systems. Both were going to be leaders who lead. Instead, after 8 years of Bush/Blair blundering, England is ranked behind EL SALVADOR???? And the US is behind the pirate island of Barbados? And Namibia? What the hell is this? A comedy act? And Germany, once one of the soundest banking nations on earth after several brushes with literal death during the first half of the Twentieth Century, is now ranked 39th? OUCH. How far we all have fallen!

    I'm sorry to say, though, that Australia won't be long at the top of this list. All the former British imperial outlets will fall with the Mother Country. Canada has even more vast resources than even Australia and like that small continent, has a low population base vis a vis the huge natural resources. But as the world contracts, both will plunge into the depths just like everyone else. It is just a matter of time. Both, on the other hand, don't have the giant debt burdens that world debt king, the US and its consort, England, carry. Germany and Japan are close on the heels of both the US and UK when it comes to public debt.

    Still, the US loves to scream, 'We're number one!' Instead, we should be shouting, 'Hell, we are number 40 and falling!' China, by the way, is above us in this scale....this is bad news on every front. The rescue operations simply show how weak we are. And the entire international trade complex can't force the dying dollar upwards forever. Indeed, the darkest news tonight is the dollar going down in value....even as all commodities...EXCEPT FOR GOLD...rise. This is very significant. It shows that there is very definitely a move to flee to gold in this environment. Just like during the Stagflation Years."(snip)

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    Default Re: weekend commentary - US now #40 in worldwide 'sound' banking ...

    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: weekend commentary - US now #40 in worldwide 'sound' banking ...

    australian banks were rated number 4 wooo hooo

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