Wednesday, 7 April 2010

Great Power Rivalry. China's Role as America's Creditor
"From Export Juggernaut to a Credit Addict"

There's no doubt that China manipulates its currency to gain an unfair advantage over its competitors. There's also no doubt that Treasury Secretary Timothy Geithner will do everything in his power to avoid a confrontation with China's President Hu Jintao when he arrives in Washington in two weeks. That's why Geithner has decided to shelve Treasury's mandated currency manipulation report for the time-being and diffuse a potential imbroglio with Hu. But the Treasury Secretary's unwillingness to embarrass his guest, has angered members of congress who think the administration needs to take a tougher stand on China to protect American workers and U.S. exporters. Senators. Charles Schumer (NY-D) and Lindsey Graham (SC-R) are demanding that China be labeled a "currency manipulator" so that punitive action can be taken. That could lead a full-blown trade war with America's biggest creditor.

The US dollar is vulnerable because of a staggering public debt

Almost every day in almost any currency your purchasing power in terms of gold is less and less. Thus, these currencies in which you save the fruits of your labor are cheating you out of your savings.

The US dollar is vulnerable because of a staggering public debt
The US dollar is particularly vulnerable because of its staggering debt even though it is the world reserve currency. In fact the debt is so onerous that we believe the quality rating of the dollar could be lowered by the end of the year. Many other currencies face the same dilemma and in the final analysis only gold will be worth what it is today or in the future.

Micro Chipping in Animals: Dogs Suffer Cancer After ID Chipping
What Lessons for Humans?

Do implanted microchips cause cancer in dogs and cats?

That's the question owners are asking after highly aggressive tumors developed around the microchip implants of two dogs, killing one and leaving the other terminally ill.

The owners – and pathology and autopsy reports – suggest a link between the chips and formation of fast-growing cancers.

The Global Economic Crisis: Riots, Rebellion and Revolution
When Empire Hits Home, Part 3

As nations of the world are thrown into a debt crisis, the likes of which have never been seen before, harsh fiscal ‘austerity’ measures will be undertaken in a flawed attempt to service the debts. The result will be the elimination of the middle class. When the middle class is absorbed into the labour class – the lower class – and lose their social, political, and economic foundations, they will riot, rebel, and revolt.

(Parts 1 and 2 at source link)

Number of cars declines for the first time since Second World War
The number of cars on Britain's roads has fallen for the first time since the Second World War, industry figures have shown

State of emergency declared in Thailand
A state of emergency has been declared in Thailand after "red shirt" protesters stormed parliament and government ministers had to be airlifted to safety.

European bank levy could raise €50bn
The first details of a potential European Union bank tax were revealed yesterday, as proposals that could raise up to €50bn (£43.8bn) a year were unveiled

(One World Government sneaky plan-As a Global levy requires a Global regulatory body to oversee it)

Your Credit Card Is Spying on You
Visa knows if you’re going to get a divorce. It knows that you just moved and, most importantly, it knows if you’re going to miss a payment—maybe before you do.


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