by CaseyResearchFAN
May 18, 2012
from YouTube Website

 

The US is devaluing the dollar to boost exports and improve the economy, says investment manager and author of Currency Wars, James Rickards. But the devaluation comes at the expense of other countries.

 

And they fight back by devaluing their own currencies.

 

Hence the currency war...
 

 

James Rickards, Senior Managing Director of Tanget Capital Partners,

and author of "Currency Wars - The Making of the Next Global Crisis",

explains his thesis at the latest Casey Research Conference,

"Recovery Reality Check" in Weston, Florida.

 

 

 

 

 

More about Currency Wars and James Rickards

April 11, 2012

from TrueNews Website
 

Guest: James Rickards

Topic: Currency wars are one of the most destructive and feared outcomes in international economics. Left unchecked, the next currency war could lead to a crisis far worse than the panic of 2008.

 

Author James Rickards shares details in a discussion over his book "Currency Wars - The making of the next global crisis"

 

 

 

 

 

 

 

 

 

 

Bank Profits Hit 5-Year High

by Matt Bewig
May 27, 2012

from AllGov Website

 

Four years after crashing the global economy as a result of their irresponsible gambling with other people’s money, U.S. banks posted record profits for the first quarter of 2012, according to a report released by the Federal Deposit Insurance Corporation (FDIC).

 

The Quarterly Banking Profile showed bank net income for the first quarter of 2012 was $35.3 billion, up by $6.6 billion from the first quarter of 2011, while total revenues increased for only the second time in the past five quarters.

In other good news for Wall Street, the number of banks on the FDIC’s “problem list” fell from 813 to 772, the smallest number since the end of 2009, and the assets of such institutions fell from $319 billion to $292 billion.

 

Only 16 banks failed in the first quarter, the fewest failures in any one quarter since the fourth quarter of 2008. However, loan balances declined by $56.3 billion (0.8 percent) after three straight quarterly increases, and commercial real estate loans and home equity loans continued to shrink.

Meanwhile on Main Street, unemployment remains stubbornly above 8% for the 39^th straight month.