Forum

1. Les USA en une image

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/madoff/ProPublica%202.jpg

A Majority Of States Are Now Insolvent: (...)
The most bankrupt states are
- California, with $6.8 billion in borrowings,
- Michigan ($3.4 billion),
- New York ($2.4 billion),
- Pennsylvania ($2.2 billion) and
- Ohio ($1.9 billion).

2. Le monde ne finance plus les USA

Foreign Central Bank Treasury Holdings At The Fed Decline In January For The First Time In Years

http://www.zerohedge.com/article/foreign-central-bank-treasury-holdings-fed-decline-january-first-time-years

3. Pour les anglo-saxons c’est donc l’UE qui va très mal, pourtant:

3a. - E.U. Government Bonds are STILL the Safest Bet
http://www.marketoracle.co.uk/Article17052.html

Here is my final puzzle to the dollar bulls who have called for the demise of EURO. Why has the euro and GOLD moved in lockstep, ever since the launch of EURO in 2000? Why is that euro is being clubbed together with safest asset out there which is GOLD. GOLD obviously is infeasible to be held with the current monetary base that the FED has created due to the sheer supply demand situation, and hence US bonds continue to thrive and create the illusion of being a safe asset relative to GOLD. But the fact remains that GOLD is far more rarer than US dollars.

But that still leaves the mystery on why is EURO is moving in lockstep with Gold prices. The popular answer to that is both are Anti dollar trades and hence move together. But that is the exact point. EURO and GOLD move together as they are both being viewed as elements of safety or risk (as the situation may be) to the dollar trade.

3b. - EURO March to Reserve Currency Status
http://www.marketoracle.co.uk/Article17061.html

We do believe fundamentally that EURO is the future base currency and EU bonds are to be toast of the world central banks. Trichet has vehemently denied that EURO has no role as a reserve currency unless otherwise needed. It only means he will let the world sink the dollar and come begging for an alternative which will not be found anywhere else other than the EURO.

http://www.zerohedge.com/article/majority-states-are-now-insolvent-quantifying-disastrous-unemployment-situation

Le point 3a signalé dans mon commentaire précédent
(3a. - E.U. Government Bonds are STILL the Safest Bet)
développé en français

http://www.daily-bourse.fr/analyse-Dettes-devises-et-risques-souverains-vtptc-8742.php

avec un beau graphique des échéances de nos états,
c’est la deuxième salve
mais
pas de problème de financement :
Raffarin “n’a que faire d’équations comptables” (ouf !)

Eurozone Government maturities

http://www.daily-bourse.fr/analyse-Dette-souveraine-et-crise-systemique-phase-2-vtptc-8759.php

Il serait certainement passionnant que Philippe Grasset écrive un ouvrage sur la guerre du Kosovo (et incidemment sur le “suicide” de Milosevic).