Archive for December 31st, 2009

Why the Dollar is Toast

December 31st, 2009

The dollar has long been the reserve currency of the world, giving the US tremendous power. But that power was built on the world’s fragile faith in our currency. Stress cracks are beginning to show in the world’s willingness to accept the dollar. In his latest Conspiracy of the Rich Bulletin, Robert discusses Iran’s latest move against the dollar – and what that means for you.

“I know Iran’s President is not the most popular man in the world, or in his country. I know he is scrambling to retain power in Iran. And I know he is switching from the dollar to the euro in order to throw mud in our face. Nonetheless, this change is right in line with what is predicted in Conspiracy of the Rich. The dollar is losing its power as the reserve currency of the world. In other words, the American empire of debt is coming to an end. ”

– Excerpt from Robert’s Conspiracy of the Rich Bulletin

Related Reading:

Share

Extinct Cars

December 31st, 2009

Following the news that General Motors is to shut down the Saab brand of cars, a Gulf News poll asked readers which recently-defunct car manufacturer they will miss the most. Here are the results.

Rover

Rover, a British motorcycle and car manufacturing company established in 1904, got 37 per cent of the votes, with no Rover cars currently in production.

Rover

Saab got 21 per cent of the votes, after General Motors Co.’s plan to save the manufacturer by selling it failed on Sunday, meaning the storied Swedish brand will be the latest to hit the scrap pile.

Rover

The Pontiac got 16 per cent of votes. A brand of automobiles first produced in 1926 and sold in the United States, Canada, and Mexico by General Motors (GM), Pontiac has been specialising in mainstream performance vehicles. On April 27, 2009, amid ongoing financial problems and restructuring efforts, GM announced that it would phase out the Pontiac brand by the end of 2010.

Rover

Nine per cent of the votes went to The Plymouth, an automobile which was introduced on July 7, 1928. It was the Chrysler Corporation’s first entry in the low-priced field, and 2001 was The Plymouth’s final model year.

Rover

Oldsmobile was a brand of automobiles produced for most of its existence by General Motors. It was founded by Ransom E. Olds in 1897. In its 107-year history, it produced 35.2 million cars. When it was phased out, Oldsmobile was the oldest surviving American automobile marque, and one of the oldest in the world. It was GM’s first brand to be phased out in the 21st century, and this car got 6 per cent of votes.

Rover

The Korean Daewoo got 10 per cent in our poll. This car was founded on March 22, 1967 and was dismantled by the Korean government in 1999, following the Asian Financial Crisis of 1998.

Rover

Two per cent voted for the Saturn, which was a subsidiary of General Motors Company, established on January 7, 1985, in response to the success of Japanese small-car imports in the United States. Following the withdrawal of a bid by Penske Automotive to acquire Saturn in September 2009, General Motors announced that it expected to shut down the brand by October 2010.

Related Reading:

Share
UA-11829063-1