Past week most world indices are up. The Dow Jones industrial average .DJI was up 47. 23
points, or 0 .37 percent, at 12,810 . 54. The Standard
& Poor' s 500 Index . SPX was up 3 .13 points, or.
0. 23 percent, at 1 ,363 .61 . The Nasdaq Composite
Index .IXIC was up 1 .01 points , or 0 .04 percent, at
2, 873 .54. (N ).
As for the USD, investors are on a dumping spree while the S&P has downgraded the feds AAA credit souvereign rating.
I think its just a matter of time before the the feds start defaulting on their debt. And with the Chinese holding more than 90% of this debt i'm seeing trouble coming.

If the BRIC's & G20's move of getting a new world currency goes through as they are now being seriously listened to worldwide, i'm seeing the US in trouble as these are the guys holding the largest chunks of their debt.
The only thing sustaining the US economy as of now is their monopoly of printing the greenback.

Currency markets saw a rebound in the Dollar after the US President announced that Osama bin Laden was killed by US military in Pakistan. The Yen fell against most currencies on this news snapping gains against major currencies with the Dollar being the strongest among all. Asian markets gained, Treasury markets moved upwards, Gold, Silver declined and Crude oil fell from the 31-month highs. The threat of terrorism is seen as subsiding after bin Laden’s death in the markets which is giving rise to risk-appetite, selling of the Yen and more people buying the US Dollar.
ac-markets.com

http://www.youtube.com/watch?v=GTQnarzmTOc

Nice musical video depicting Keynesian economics vs. Austrian economics...

http://www.youtube.com/watch?v=6esIMMrLB-o

http://www.youtube.com/watch?v=OafenSoQ0lA

In 1981 a movie called Rollover was released. This is the closest I can figure out of the coming 'event'...

http://www.youtube.com/watch?v=KUsj7EdZigM

And the Finnish guys tells the EU and ECB to shove it when it comes to Portugal and Greece additional bailouts...

http://www.reuters.com/a...s-idUSHEL01013520110502

And the side shows of April were...

1. Jap gubberment admits the nuclear accident is a Chernobyl, but bigger! And orders no news to be updated except by it or Tepco. Youtube has done a 'good' job of clearing most videos...
2. US congress can't decide about their debt budget.
3. S&P downgrade US debt outlook to negative.
4. PIMCO - largest global bond fund manager sells out of US bonds and suggests shorting it.
5. Portugal's gubberment finally admits it is in dire straits after discovering that lies are costly...
6. Iceland in their 2nd referendum vote to denounce taxpayers from paying Icesave's debts by bailouts from British and Dutch gubberments...
7. Ireland gubberment downgrades their GDP outlook after their calculation fudging GDP model fails...
8. A Citigroup trader is summoned for rumour mongering on the Greece CDS default eventuality.
9. EU opens CDS fraud investigations into the activities of the big global banksters...
10. Gold/silver prices at records highs, oil following closely and soft commodities too with major food inflation in the process.
11. US Fed bank chair - The Bernank - gives a press conference for the first time since the Fed was formed in 1913 to reassure the global investors that US will pay back its debts and there's no inflation (actually need more inflation) and the US dollar is very stable and durable paper made of bamboo pulp...
12. World Bank/IMF issue a report stating that China will be the largest economy by 2016 surpassing the US.

And so many more that others can add... The best statement since 2011 is by ECB on how Eurozone GDP is now almost fully recovered thus rates need to be hiked to curb inflation, yet we have 4 members looking at possible defaults...

Who needs movies and series sequels for entertainment with all these fabolous act shows free on air and the internet...