“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 [...]
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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 [...]
“Foreign-exchange reserves have exceeded the reasonable levels that we actually need,” Zhou said. “The rapid increase in reserves may have led to excessive liquidity and has exerted significant sterilization pressure. If the government doesn’t strike the right balance with its policies, the build-up could cause big risks,” he said, without elaborating. Source: Bloomberg(1) In case [...]
“We won’t allow Finnish cows to be milked by other hands,” European Affairs quoted Timo Soini, the leader of True Finns, himself a veteran member of both the European and Finnish parliaments — but who runs as an anti-establishment candidate. Tea Party-like politics may be arriving in Europe. That is how some European political analysts [...]
“(CorbettReport) – April 17th, 2011 – The mainstream finally gets around to asking why no banksters have been jailed for the 2008 meltdown; the G20 moves on its aim of establishing a world financial order; and the puppets-in-chief admit it’s all about regime change in Libya.” In year 2008, the banks were on the verge [...]
The president of the World Bank has warned that the world is “one shock away from a full-blown crisis”. Robert Zoellick cited rising food prices as the main threat to poor nations who risk “losing a generation” Please spread these articles by using the above “share” button, especially via Digg and other sharing services and [...]
In this video, Mr. Salbuchi gives an updated on the present status of 12 triggers that the Global Power Elite is using to drive the transition from Globalizatiion (which they are wrapping up), to the World Government they are ushering in. His e-Book “The Coming World Government: Tragedy & Hope?” 12 Triggers that the Global [...]
“Asset prices are falling because they were overpriced to begin with—overpriced for the better part of two decades, thanks to the Fed’s easy money policies. When the bubble in asset prices finally popped, not only did asset prices fall, they also dragged down the rest of the economy—this is more or less what we’ve been [...]
“These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks,” Iceland President Olafur Grimsson told Bloomberg Television. Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the [...]
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“First, Japan will have to stop buying US and Euro bonds. Next, they will have to repatriate funds back to Japan for reconstruction. Third, the Japanese will have less money to fund wars started by the US.” Bill Gross of PIMCO has stopped buying US bonds. If the Japanese have no money to buy these [...]
A U.S. recruiter is hiring nuclear power workers in the United States to help Japan gain control of the stricken Fukushima Daiichi plant, which has been spewing radiation. “About two weeks ago we told our managers to put together a wish list of anyone interested in going to Japan,” said Joe Melanson, a recruiter at [...]
“Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said Treasuries “have little value” because of the growing U.S. debt burden. The comment echoes Warren Buffett, the billionaire investor who recommended avoiding long-term fixed-income bets in U.S. dollars because the currency’s purchasing power will drop.” The U.S. has unrecorded debt [...]
“This suggests we have a bit more than a ragtag bunch of rebels running around and that there are some pretty sophisticated influences. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” Wenzel writes.” In case you haven’t heard, Obama has signed [...]
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