A developmental bank controlled and funded by the “emerging nations” is a good idea. It is always better to have varying interests competing with each other. The “western nation dominated” world organizations like the IMF and World Bank have a set of rules, based upon the interests of the funding nations, required to provide development [...]
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The world stopped listening to anything ‘Citigroup’ said when we all realized they were the worst predator subprime lender of all the toxic waste dump banks the world has ever witnessed. Citigroup is one of the too-big-to-fail banks that literally dumped their losses onto the populations of the West through the TARP ripoff and the [...]
WASHINGTON (AP) — US employers accelerated their hiring last month, adding a robust 288,000 jobs and helping drive the unemployment rate to 6.1 percent, the lowest since September 2008. It was the fifth straight monthly job gain above 200,000 — the best such stretch since the late 1990s tech boom. Over the past 12 months, [...]
China designated a clearing bank in Seoul for yuan transactions in South Korea on Friday, coinciding with a visit by President Xi Jinping, as Beijing promotes greater use of its currency overseas, AFP reports. China’s central bank has authorised the Bank of Communications, the country’s fifth largest lender, to undertake yuan clearing business in the [...]
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Investing guru Marc Faber advises investors to switch off Ben Bernanke, ignore his government-sponsored “We will keep inflation in check” line — and be sure to buy gold to protect yourself. “Government is there to do something for itself, not for people,” he observes. Faber says the government will have no choice but to print [...]
Analysts have described the U.S. economic recovery in many shapes and sizes, be it L-shaped, W-shaped, or even shaped like the Nike swoosh symbol. But David Roche, global strategist at Independent Strategy, added a new wrinkle on CNBC Wednesday. ” You want to know my shape? My shape is a toilet shape,” Roche said on [...]
Just because investment banks and stock brokerages say you should diversify doesn’t make it true. For the knowledgeable investor, diversification for its own sake merely reduces profits. So, if you’re an independent thinker, what are your alternatives? Talk with an investment advisor, and what’s the first piece of advice you will hear? Diversify your portfolio. [...]
The original Protocols of Zion have been read by countless millions of people over the last 117 years. It is still the most common Internet search item when it comes to the Jewish Question. This book takes the basic assertions of the protocols and proves them in the present time. It is a brand new [...]
Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting the popular belief that Wall Street institutions have grown so important [...]
This is a back-door move, via the treasury scam, to create a One World Government and Currency which would be even weaker and debt laden than the EU. I don’t know any rational person who would think countries such as totalitarian Red China and Russia would give their power to such an organization.The IMF created [...]
“We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Where does this stop? [...]
A new study (1) suggests China’s economy has grown faster than previously thought, leading some analysts to predict that China could surpass the United States as the world’s biggest economy by the end of the year. The figures were released Wednesday in a report by the International Comparison Program, which is part of the United [...]
“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of being offline due to a successful hacking attempt. Instead of trying [...]
“The main theme this week are countries getting ready to dump massive amounts of US debt especially those areas affected by the Japanese disasters.” Xinhua: China should cap forex reserves at 1.3 trillion U.S. dollars: China banker China should reduce its excessive foreign exchange reserves and further diversify its holdings, Tang Shuangning, chairman of China [...]
China and other countries that now hold about 50 percent of all U.S. Treasury securities could start dumping them, further pushing up interest rates and swelling the national debt. It would be a vicious cycle of higher and higher interest rates and more and more debt. The United States has never defaulted on its debt [...]
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- Real list of countries on verge of bankruptcy
- Get rid of your mortgage, loans, because interest rates set ...
- BRICs establish their own IMF to counter Western dominance: ...
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