Tag Archives: dollar

China, Russia and South Korea Make Moves Away from Dollar

BRICS (Brazil, Russia, India, China, S. Africa) is the acronym signifying the next generation of economic power houses. Increasingly, these, and nations like them are working to diminish the U.S. Dollar as the World’s reserve currency. This week, China and Russia took more steps towards that goal. China’s central bank has authorised the Bank of Communications,… Read More »

White House Won’t Rule Out Trillion Dollar Obama Coins to Cover National Debt

In an epic bit of video, conservatives get a glimpse of what they are up against: people who believe that it is even conceivable to mint trillion dollar Obama coins to render debts settled. After all, this is pretty close to what the government does with paper money, which are just state-issued permission slips to… Read More »

When China Turns Away

It may already be happening. Recently released US Treasury data shows China has been actively reducing its holdings of Treasury debt. China has cut its holdings by $100 billion over the past year to just $844 billion. China has been seeking new ways to recycle its trade surplus and hold back any rise in the… Read More »

Obama to Hold Jobs Summit and Continue Weakening of Dollar

Ok, he didn’t literally admit to weakening our currency and setting us up for record inflation, but he might as well have.   In the President’s unusually short speech this morning, Obama again touted his fictitious one million jobs saved/created number, the government-sponsored GDP growth in the third quarter and that the new jobs figures that… Read More »