Here’s the story of the year if you’re willing to go there:

US government securities seized from Japanese nationals, not clear whether real or fake
asianews.it/index.php?l=en&art=15456&size=A

Japan Probes Report Two Seized With Undeclared Bonds
bloomberg.com/apps/news?pid=newsarchive&sid=ayy1QKcwcGN0

Japan, Italy, and U.S., 134 Billion in US Bonds Smuggling Case
dailykos.com/story/2009/06/13/742096/-Japan,Italy,and-US,-134-Billion-in-US-Bonds-Smuggling-Case

- Ken Devine

China: Chinese Banks Close to Collapse. Fears of zero growth

The Chinese Financial Index fell by 24%, more than that of European and American bank stocks. Chinese banks are plagued by insolvent debts due to loans to local governments and the stagnant property market. The country’s growth, currently estimated at 9.5%, is at risk

Thursday, September 29, 2011

By Asia News

Hong Kong (AsiaNews / Agencies) – The listings of Chinese banks have dropped to very low [...]

Rising Food Prices Push Up Inflation Significantly

by Maurizio d’Orlando of AsiaNews

Rising Food Prices Push Up Inflation Significantly

A recently released report by the World Bank’s Food Price Watch confirms that rising agricultural products are sharply pushing up global food prices in lower-income nations (see “World food price uncertainty presents social risks,” in AsiaNews, 4 February 2011), especially among the poorest (where the poverty line is defined as US$ 1.25 per person per day).

The [...]

Must read: Currency Wars And The Fed’s Demise

by Maurizio D’Orlando of AsiaNews.it

Currency Wars And The Fed’s Demise

The Federal Reserve has decided to buy US Treasury bills for  about US$ 600 billion in all, in monthly installments of about US$ 75 billion over eight months, until June 2011. However, this action will not achieve the desired goal of economic growth, nor will it change the US labour market, this according to most analysts and [...]