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earnest Topic in The Credit Debacle Catalog

zero hedge Wed 2010-04-07 18:27 EDT

Euro Tumbles As Both Gold And Dollar Surge, Gold Hits New Euro-Denominated Record

Remember the conventional wisdom that gold and dollar are inversely correlated? Well, throw it out of the window. Over the past week the dollar has surged even as gold has just broken out beyond the $1,150 resistance. So much for calls for gold hitting triple digits as investors realize that not only is the concept of paper gold a complete fraud, but that fiat currencies are starting the currency devaluation game in earnest...

dollar surging; Euro tumbles; gold; Gold Hits New Euro-Denominated Record; Zero Hedge.

Fri 2009-11-20 09:59 EST

Interfluidity :: Sympathy for the Treasury

On Monday, I was among a group of eight bloggers who attended a discussion with "senior Treasury officials" in Washington...Although the format of our meeting did not lend itself to forging deep relationships, I was flattered and grateful for the meeting and left with more sympathy for the people I spoke to than I came in with. In other words, I have been corrupted, a little...The most interesting aspect of the meeting was anthropological, getting a look at how senior Treasury officials behaved, how they interacted with us and what kind of a thing this was to them. It was a two hour meeting, but different groups of officials came at us in shifts, and stayed with us for 20 to 40 minutes. The tone of the meeting was open, earnest, and informal. But somehow, it never felt like we connected, like there was a lot of actual communication occurring.

Interfluidity; sympathy; Treasury.

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