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China’s Got a New Currency… and It Sure AIN’T the Dollar |
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Written by Market Oracle
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Tuesday, 23 June 2009 20:27 |
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Let’s talk about China. China is the US’s largest creditor. All told, the People’s Republic has $700+ billion in US Treasuries. However, if you account for other dollar denominated investments, China is believed to have 70% of its $1.7 trillion in foreign reserves sitting in green backs. 
That’s an unbelievable amount of money invested in the US dollar. Needless to say, the Chinese are not too happy about our Central Bank’s decision to print TRILLIONS of dollars propping up the US financial system. |
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The Bankers Are Scared, Are You? |
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Written by Market Oracle
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Friday, 19 June 2009 20:18 |
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 Gary North writes: "What, me worry?"
From its beginning in 1954, the official representative of Mad Magazine has been Alfred E. Newman. He is a dim-witted looking fellow, always smiling. His slogan is, "What, me worry?" Half a century ago, I took an image of Alfred and turned it into a campaign poster. I was running for student body president at my high school. I pasted a poster with my name and his picture on it on every locker on campus. I did it twice. I won. |
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De-Dollarization, Dismantling America’s Financial-Military Empire |
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Written by By: Global_Research
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Tuesday, 16 June 2009 16:34 |
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 Michael Hudson writes: The Yekaterinburg Turning Point - The city of Yakaterinburg, Russia’s largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too – and not only where US U-2 pilot Gary Powers was shot down in 1960, but where the US-centered international financial order was brought to ground.
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Written by GobeGold Club
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Friday, 22 May 2009 19:52 |
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Salbuchi - Global Financial Collapse |
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Written by Eco Community Transilvania KFT
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Sunday, 17 May 2009 19:23 |
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An Argentine opinion on the Global Financial Crisis, describing the whole Global Financial System as one vast Ponzi Scheme. Like a pyramid, it has four sides and is a predictable model. The four sides are: (1) Artificially control the supply of public State-issued Currency, (2) Artificially impose Banking Money as the primary source of funding in the economy, (3) Promote doing everything by Debt and (4) Erect complex channels that allow privatizing profits when the Model is in expansion mode and socialize losses when the model goes into contraction mode. |
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