Jim Rogers likes Silver on CNNMoney June 22, 2010

Harvard Professor Neil Ferguson on CNBC on US Debt & the Mortgage Crisis

http://www.businessinsider.com/niall-ferguson-yuan-2010-6
White | Jun. 21, 2010, 1:16 PM | 3,232 | 25
Niall Ferguson of Harvard University spoke with CNBC this morning about the yuan revaluation, saying it was too small to matter for the U.S. trade balance. He also speculated on the difficult future facing the U.S. regarding its sovereign debt situation.
0:35 This is a subtle bit of politics ahead of the G20, China is creating a currency sideshow compared to what is happening with the euro
1:30 They would have to revalue the yuan by 25 or 30% to have a significant debt on the trade balance with the U.S.
1:50 Job losses in the U.S. are not the result of manufacturing competition with China, but with the decline in the housing market, which is a long term problem
2:25 The next step in this crisis is the sovereign debt - fiscal crisis scenario, as balance sheets across the west are out of shape
3:20 The U.S. is so vulnerable because servicing costs and yields are so low right now; when things move slightly, it will be dramatic crisis for the U.S. because of how much debt it has
4:20 There is going to be a crisis in the U.S. within 2 years, best case scenario 4 years

Peter Schiff on the Yuan : CNBC Fast Money Spotlight 21 june 2010

If China let its currency float, it would be good for China and bad for the US, according to Peter Schiff, of Euro Pacific Capital. He explains his theory to CNBC.

Chossudovsky: "Major currencies can simply collapse"

RTAmerica — June 18, 2010 — Obama is urging China to review its currency policy despite Chinese officials made it clear that they are not going to tolerate any interference from abroad to this issue. Is this going to become a major topic of the G-20 meeting in Canada and what's the mood their on the eve of the summit? Michel Chossudovsky says that the financial crisis is not over as President Barack Obama has hinted at.

Peter Schiff Video Blog June 20, 2010 - Greenspan Op-Ed, RMB Dollar peg

In Advance Of G-20 Meeting, China Announces Dollar Peg To End - ZeroHedge.com

http://www.zerohedge.com/article/advance-g-20-meeting-china-announces-dollar-peg-end

In a statement posted on the PBOC's website late last night, the Chinese central bank has announced it will seek a flexible yuan, ending a two-year peg to the dollar. The news comes a week before the G-20 meeting at which the CNY exchange rate was set to be a key issue of debate. On the other hand, as the PBoC noted, With the BOP account moving closer to equilibrium, the basis for large-scale appreciation of the RMB exchange rate does not exist." As such, a large initial move is unlikely to occur, and the bulk of the volatility will likely strike at traded CNY forwards.

Full statement:
Click Here to go to ZeroHedge for the full post.