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4 BIG NATIONS that have signed a currency deal with China IN LESS THEN 2 MONTHS!! - UK
American power was necessary during the Cold War. Now that capital moves freely around the globe, capitalists do not require a specific national entity for any particular role. In other words, the American working class will have to pay their way in future. There are no more freebies.
Yuan reaches record high [...] Brazil And China Sign Currency Pact Brazil and China signed a $30 billion currency exchange pact on Friday, a deal that will commit their Central Banks to set aside money to help one another in case global credit dries up. The pledge is part of a larger move with other BRIC partner nations, India and Russia, and even South Africa was included in the mix during the G20 summit meetings in Mexico. [...] From Zero Hedge: By now it really, really should be obvious. While the insolvent “developed world” is furiously fighting over who gets to pay the bill for 30 years of unsustainable debt accumulation and how to pretend that the modern ‘crony capitalist for some and communist for others’ system isn’t one flap of a butterfly’s wings away from full-on collapse mode, China is slowly taking over the world’s real assets. As a reminder: here [...] By now it really, really should be obvious. While the insolvent “developed world” is furiously fighting over who gets to pay the bill for 30 years of unsustainable debt accumulation and how to pretend that the modern ‘crony capitalist for some and communist for others‘ system isn’t one flap of a butterfly’s wings away from full on collapse mode, China is slowly taking over the world’s real assets. As a [...] There are no coincidences these days…timing is EVERYTHING! This is the last part of the Position Limits Rule that has been put off for years. The reason that it has been put off was to allow the markets to continue to function in this manipulated state. But everything is changing and the manipulation is ending. Once the position limits rule is in place the ability to manipulate the silver market will [...] The dollar exclusion list is becoming bigger and bigger with every passing day as China gets ready. For simplicity’s sake here is the full list of “bilateral” arranagements in the past year as presented previously: “World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan [...] When the US Dollar is ultimately dethroned as the world’s reserve currency (and finally gets rid of all those ridiculous three letter post-Keynesian economic “theories”) nobody will have seen it coming. Well, nobody except for the following headlines: ““World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter [...] 6 MARCH 2012 Greg Hunter’s USAWatchdog.Com Buying gasoline these days has turned into a horror show. I filled up my car and handed the attendant a $50 bill to turn the pump on. I had a little more than a quarter of a tank. So, I thought that would do the trick and peg the needle past full with change to spare. I was wrong. I stood in shock as the pump rolled [...] With Greek citizens angry over more austerity, some eurozone nations want to delay approval of the second rescue package until the April elections. Photo: EPA Delays could possibly last until after the country holds elections expected in April, they said While most of the elements of the package, which will total €130bn, are in place, eurozone finance ministers are not satisfied that Greece’s political leaders are sufficiently committed to the deal, which requires [...] |
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