“We may now be entering the Asian century, dominated by a rising China and its currency. This decline of the dollar might take more than a decade, but it could happen even sooner…
September 23rd, 2009 | Bill Bonner | 5 comments | ContinuedAll Posts Tagged With: "Special Drawing Rights"
US Dollar As Reserve Currency Not Working Very Well
Their report makes some of the right noises, “The dollar-based reserve system is increasingly challenged.” Hmm, a slight understatement there. If “increasingly challenged” is a euphemism for “dead” then we’d agree.
But we don’t think that’s what they mean.
September 10th, 2009 | Kris Sayce | 38 comments | Continued
G20 Was About Big Government Getting Bigger
“Governments know only one way of holding back recession. What do you suppose it is? Yes, the only solution they can think of is to continue the inflation. The ‘boom’ is regenerated with more bank credit and government subsidies. Companies appear to come to life again.”
April 3rd, 2009 | Dan Denning | 6 comments | Continued
IMF Gold to be Used
What’s more, Mr.Brown’s and the other top 19 world leader have agreed “not 100 billion but $250 billion of trade finance…provided over the next 2 years through export credit agencies, including $50bn through the new World Bank initiatives…”
April 3rd, 2009 | Adrian Ash | 3 comments | Continued