DEVALUATION

Northern Virginia Housing Bubble Fallout: A Snapshot of Asset Deflation

Source:

If ever you had any doubt as to how bad the price drops in the US property market are, have a look here and see how Virginians have seen some of their properties have devalued over the last 12-36 months.

Ditching the dollar

Source: CNN

Despite calls from Iran and Venezuela - OPEC's steadfast bashers of the U.S. government - experts say there's little chance the cartel will shift from pricing oil in dollars to something like the euro. ...

Currency Problems to be Engineered to Fight Terror

If unnamed sources high in the White House hierarchy are to be believed, the United States is planning to engineer a currency crisis to strike a lethal blow against terrorism.

Fantasy land

Source: The Economist

Devaluing the Zimbabwe dollar isn't going to solve the economic crisis: GDP is likely to shrink 12% this year, the largest decline since the onset of the crisis in 1999.

Zimbabwe devalues currency

Source: mg.co.za

Zimbabwe Finance Minister Samuel Mumbengegwi on Thursday massively devalued the local dollar in a bid to attract scarce foreign currency to the official market.

Struggling U.S. dollar triggers currency concerns

Source: The Globe and Mail

The US dollar devaluation will hurt American importers and consumers, but Boeing is going to be doing backflips for a long time to come as will just about every other American company with overseas markets.