| India Joins Russia, China in Questioning U.S. Dollar Dominance |
| Posted: 07/04/2009 07:05:25 |
Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars. “The major part of Indian reserves are in dollars -- that is something that’s a problem for us,” |
| GoldSilver Link | Original Source Link
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| China moves to cut reliance on dollar |
| Posted: 07/03/2009 12:56:07 |
| China has taken another step towards internationalising its currency and reducing reliance on the US dollar with the announcement of new rules to allow select companies to invoice and settle trade transactions in renminbi. |
| GoldSilver Link | Original Source Link
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| incase you missed it -repost - [Video & Text] The Great American Bubble Machine |
| Posted: 07/03/2009 10:59:53 |
Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
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| GoldSilver Link | Original Source Link
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| Obama Administration to Involve NSA in Monitoring Government Networks Plan, Telecoms |
| Posted: 07/03/2009 10:59:16 |
The Obama administration will proceed with a Bush-era plan to use National Security Agency assistance in screening government computer traffic on private-sector networks, with AT&T as the likely test site, according to three current and former government officials. (WP is a free subscription)
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| GoldSilver Link | Original Source Link
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| Government POISONS US SOLDIERS with FLU Vaccination |
| Posted: 07/03/2009 10:25:31 |
| Proof the US Government does not care who is a guinea pig for there eugenics bio weapon testing. |
| GoldSilver Link | Original Source Link
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| WHO warns swine flu 'unstoppable' |
| Posted: 07/03/2009 09:40:26 |
| The UN's top health official has opened a forum in Mexico on combating swine flu by saying that the spread of the virus worldwide is now unstoppable. |
| GoldSilver Link | Original Source Link
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| Seven U.S. Banks Seized in Busiest Year for Closures Since 1992 |
| Posted: 07/03/2009 09:29:46 |
July 3 (Bloomberg) -- Six banks in Illinois and one in Texas were seized by regulators as the deepening financial crisis pushed the toll of failed U.S. lenders this year to 52, the most since 1992.
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| GoldSilver Link | Original Source Link
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| [Video & Text] 'We're in the Middle of a Crash': Black Swan |
| Posted: 07/02/2009 20:58:20 |
| "We're in the middle of a crash," Taleb said. "So if I'm going to forecast something, it is that it's going to get worse, not better." |
| GoldSilver Link | Original Source Link
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| NY City Apartment Sales Down Over 50% |
| Posted: 07/02/2009 10:39:20 |
| Manhattan apartment sales plunged more than 50 percent and the average price dropped 21.4 to 24 percent from a year ago, as the U.S. recession forced many who own a piece of the Big Apple to eat humble pie, several reports said. |
| GoldSilver Link | Original Source Link
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| Asia Times 7-2-09 -- Dollar's future in US hands; By Henry C K Liu |
| Posted: 07/02/2009 10:33:13 |
| "China is in the position to kick start a new international financearchitecture that will serve international trade better. China has the option of making the yuan an alternative reserve currency in world trade by simply denominating all Chinese export in yuan. This sovereign action can be taken unilaterally at any time of China's choosing". |
| GoldSilver Link | Original Source Link
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| Economy to Stay Weak 'For a Number of Years': Bill Gross of Pimco |
| Posted: 07/02/2009 10:27:48 |
| A slow-growth scenario continues to play out as consumers who are losing their jobs or are in fear of facing unemployment cut spending and inhibit economic growth, said Gross, who helps manage the world's largest bond fund at Pacific Investment Management. |
| GoldSilver Link | Original Source Link
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| [Video] “No future for dollar as reserve currency” |
| Posted: 07/02/2009 07:24:31 |
| Dollar has no future as a reserve currency, believes economist Peter Schiff. He says having reserves backed by the dollar is worthless. |
| GoldSilver Link | Original Source Link
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| Here Comes The Second Stimulus! |
| Posted: 07/02/2009 07:24:11 |
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Today's disappointing jobs number is certain to trigger a serious push for a second stimulus bill.
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| GoldSilver Link | Original Source Link
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| The 'Cash for Clunkers' Law Looks Like a Lemon |
| Posted: 07/02/2009 07:23:38 |
| The government will have a chance to revisit the Clunker program. Once it expires, on Nov. 1, the feds say they could approve a more robust $3 billion from the existing stimulus bill. Lawmakers also could open the program to more car buyers. But for now, it has a lot of squeaks and rattles. |
| GoldSilver Link | Original Source Link
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| Employed Workers Have Never Worked Less |
| Posted: 07/02/2009 06:48:11 |
In June, the average workweek for production and nonsupervisory
workers on private nonfarm payrolls fell by 0.1 hour to 33.0 hours--the
lowest level on record for the series, which began in 1964. |
| GoldSilver Link | Original Source Link
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