Oil traders and others believe that the Saudi decision to let the price of oil tumble has more to do with Iran than economics. Their belief has been reinforced in recent days as the Saudi oil minister has steadfastly refused calls for a special me
Lured by red-hot gains in foregin markets, (and the dollar losing value), investors poured money into international stock funds at a record-shattering pace in 2006. Investors flooded international stock funds with an estimated $150 billion last year
India will walk away from a civilian nuclear deal with the United States if New Delhi's concerns are not allayed. It must allow India to reprocess spent U.S. nuclear fuel and will not stop it conducting nuclear bomb tests, India's special env
The Mexican ports link to the budding Trans Texas Corridor (TTC) toll road network by way of railroad cargo lines that head from the ports across Mexico to the United States border, providing a conduit to bypass U.S. West Coast seaports and haul ever
Russian oil supplies to Poland and Germany have been cut at Poland's eastern border with Belarus, Polish pipeline company PERN said, and a Russian company has accused Belarus of diverting the flow.
This required a "genuine and serious" offer on reducing U.S. farm subsidies and developing states also needed to bring something to the table, an EU spokesman said before a visit by EU President Jose Manuel Barroso and Trade Commissioner Pe
"Saddam Hussein signed his death warrant," Chapman argued, "when he got the U.N. to agree that he could hold his oil-for-food reserves in euros. Ahmadinejad appears determined to go down the same path."
The GDP of the United States is only $13 trillion, for crying out loud! And the actual, real-life deficit last fiscal year, as reported by the Treasury itself, was $4.6 trillion! 35% of GDP! In one year!
The dollar fell amid news that the UAE was diversifying its reserves, but recovered somewhat after better-than expected date on the US housing market. Venezuelan energy minister Rafael Ramirez expressed interest in demanding euros instead of dollars
"My ideal picture," says the marketing director of Galanz, the largest microwave manufacturer in the world, "is of a Chinese peasant coming home after a day in the fields and cooking supper in a microwave." An emerging middle clas
A US congressional committee will review a Chinese-Iranian deal to determine if US sanctions are called for against the Chinese company involved in the 16-billion-dollar gas deal, a US lawmaker said.
The U.S. dollar bill is being usurped by the euro as the world's favorite form of cash, a report says. The value of euro notes in circulation is like to exceed the value of dollar bills, reaching $800 billion at current exchange rates by the end
China's central bank said that it would continue to take steps to keep investment and credit growth in check, while pressing ahead with efforts to make the value of its currency more market-driven.
The Iranian government said it has ordered the central bank to transform the state's dollar-denominated assets held abroad into euros and use the European currency for foreign transactions.
Two car bombs exploded at oil company compounds in Nigeria's oil capital Port Harcourt damaging cars but causing no casualties, authorities said. The blasts occurred in the car park of a residential compound of Royal Dutch Shell
China has launched a series of pilot programs for farmers to plant non-grain crops as raw materials for biofuels. Sorghum, cassava and other biofuel crops will be planted on lands that are unfit for grain production.
"Creating the amero," Chapman explained, "will be presented to the American public as the administration's solution for dollar recovery. In the process of creating the amero, the Bush administration just abandons the dollar."
The dollar's recent sharp fall in relation to the euro, the sterling and to some extent the yen seems to be in continuation of its depreciation phase that began some five years ago.
Belarus, Ukraine, Greece and South Africa are among countries that have increased gold reserves this year, according to the World Gold Council. The dollar has fallen 7.8 percent against a basket of six major world currencies this year, and gold has c
U.S.-based Westinghouse Electric has won a two-year battle for a $8 billion-dollar nuclear power deal with China, edging out French and Russian rivals to secure a contract that may help Beijing smooth ties with Washington.
Tells visiting Bush administration officials they will not sit back and lose their shirts as U.S. Dollar collapses; they are getting out fast and large!!!!!! Hal Turner???? Wikipedia has some info on the source
That's why we have issued a 'Crash Alert.' All over the planet, people are thinking the same thing – buy now, because assets only go up in price. But when everyone is thinking the same thing, no one is thinking at all.
Half the world, nearly 3 billion people, live on less than $2 a day. (So the rest should get ready for some forced sharing,... oh, and those doing the forcing will manage this wealth transfer for us)
Everywhere we go…everywhere we look…we see towers of money, property, derivatives, debt and credit. Towers in the stock market. Towers in the housing market. Towers stacked upon towers. So today, we take the unprecedented step of issuing a “Crash
China's three largest state-owned commercial banks have suffered exchange losses of hundreds of millions of dollars as the local currency continues to rise in value.
U.S. banks currently hold record amounts of mortgage-related assets on their books. If the housing market were to go into a deep recession resulting in massive mortgage defaults, the U.S. banking system could sustain huge losses similar to Japan'
I’ve got bad news and good news. The bad news: A recession is coming in 2007. The good news: A recession is coming in 2007.
Mao must be turning in his grave.... no less than six U.S. Cabinet members are on their way to the Middle Kingdom on Wednesday to beseech, beg, lobby and try to persuade the new mandarins not to sell off their vast reservoir of dollars.
Oil producing countries have reduced their exposure to the dollar to the lowest level in 2 years and shifted oil income into euros, yen and sterling, according to new date from the Bank for International Settlements. The revelation in the lates BIS
20 minutes after arriving in Paris for a layover between the US and South Africa, they were standing at the foot of the Eiffel Tower, checking out the menu at the Jules Verne Restaurant: sea bass, $78; filet of beef, $77; lobster, $106; dessert, $25.