Russia

Dollar Losing Reserve Status?

TITANIC DEBT CLOCK ******** We have been watching Ben Bernanke juggle the fiery pins of zero interest rate, monetizing the debt, and running the printing presses 24/7 for well over a year now, and we have been listening to the Russians and Chinese call for a new world reserve currency for months. It is not official yet, but it appears that our dollar is about to be booted from the table.  I personally believe that the title of this article from the NY Post is misleading, but the information that it contains shows the trend, and I am looking for…
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Get Ready For The G20

The imminent approach of the G20 meeting in London on April 2nd should produce some fireworks considering all the talk about a super-reserve currency, and now, a new global reserve currency put forth by Russia and China.  Hmmm...Russia and China calling for a new global currency.  Something about that just seems a bit hinky.  If you are one of those readers that feel like the economists are talking over your heads, I want to help break it down and make it more manageable.  You NEED to understand what has happened and what is happening right now. For those of you…
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The “Obama Is Not Weak…Really!” Series

Oh my goodness gracious!  A few days ago the president of Iran was telling Obama what was going to happen and now we have this: Kyrgyzstan to close U.S. base used to supply Afghanistan MOSCOW — In a setback to the escalating U.S. military efforts in Afghanistan , the president of Kyrgyzstan said Tuesday that his government will shut down the American air base in his country. U.S. officials say that the Manas Air Base is vital to plans to send an additional 30,000 American troops to Afghanistan , a linchpin of President Barack Obama's efforts to pacify the country.…
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