Weather Watch
Vote on our April poll
Loading ...global economy
Key lesson from Iceland crisis is ‘let banks fail’
AFP – Three years after Iceland’s banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts say. The North Atlantic island saw its three biggest banks go belly-up in the October 2008 as its overstretched financial sector collapsed under Read full article...
‘Arab Spring is about controlling Eurasia’
RT November 1, 2011 The ultimate goal of the US is to take the resources of Africa and Middle East under military control to block economic growth in China and Russia, thus taking the whole of Eurasia under control, author and historian William F. Engdahl reveals. The crisis with the US economy and the dollar Read full article...
Emerging World buys $10 billion in gold as West wobbles
By Amanda Cooper Reuters August 3, 2011 Central banks of emerging market countries such as Korea and Thailand have added more than $10 billion (6 billion pounds) of gold to their reserves this year in a sign of waning faith in the West’s benchmark bonds and currencies like the dollar and the euro. International Monetary Read full article...
U.S. is a “parasite” on Global Economy
Reuters August 1, 2011 Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means “like a parasite” on the global economy and said dollar dominance was a threat to the financial markets. “They are living beyond their means and shifting a part of the weight of their problems to the Read full article...
Libya and the Imperial Re-Division of Africa
Mahdi Darius Nazemroaya Global Research April 26, 2011 Plans to attack Libya have been longstanding. The imperial war machine of the United States, Britain, France, Italy, and their NATO allies is involved in a new military adventure that parallels the events that led to the wars against Yugoslavia and Iraq. The war machine has been mobilized Read full article...
Globalism Pushing Middle Class Standard of Living Down…
…to Third World Levels The Economic Collapse February 28, 2011 From now on, whenever you hear the term “the global economy” you should immediately equate it with the destruction of the U.S. middle class. Over the past several decades, the American economy has been slowly but surely merged into the emerging one world economic system. Read full article...
IMF calls for Alternative Reserve Currency, Again
CNNMoney February 11, 2011 The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency. The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system. SDRs represent potential claims on the currencies of IMF members. They were created by the IMF Read full article...
…And Now For a Global Bank and a Global Currency
By Luis R. Miranda The Real Agenda May 18, 2010 Since I was a child I hear about the possibility of one world currency. Back then no one around me knew how to explain how thatwould come about or who would control it. The answer to those questions are now clear. Dominic Strauss-Kahn answered my Read full article...
