U.S. congressional rejection of a free trade agreement with South Korea would deliver a severe blow to U.S. standing in Asia, a top U.S. trade official said. "If we succumb to protectionism within our own borders and allow KORUS (Korea-U.S free
Globalists often label those of us who resist their schemes as “isolationist.” Yet it is the globalists themselves who promote policies that isolate our nation from the rest of the world.
PRESIDENT George W. Bush has signed an order enabling the US government to freeze the assets of people who threaten Iraq's stability, the White House announced overnight.
(This is a trend that will continue. Buy Gold) The dollar fell to a record low against the euro and dropped versus the yen after Bear Stearns reported hedge fund losses, fueling speculation investors will spurn US assets as the economy slows.
China has suspended imports from several major U.S. meat processors, including the world's largest, in the latest indication the government may be retaliating as its products are turned back from overseas because of safety concerns. Frozen pou
Junk bonds have suffered a second day of mauling on Asian, European and US markets as investors shun risky credit, raising the risk of contagion for stock markets. Europe's iTraxx Crossover index, which measures risk appetite for low-grade corpo
The euro hit a record high of 1.3740 dollars amid worries about the US economy, underscoring a debate among European leaders about how much control should be maintained over the single currency. The British pound also hit a 26-year high of 2.0275 dol
As the Japanese government continues holding short-term interest rates near zero while printing yen like it is going out of style, getting out of the yen has now replaced pachinko as the national pastime for rank and file Japanese.
Mexican telecom tycoon Carlos Slim Helu has overtaken Microsoft founder Bill Gates as the richest person on the planet, the Mexican financial website Sentido Comun reported. The Mexican billionaire's wealth had rocketed past Gates following the r
US software behemoth Microsoft Corp. said Thursday it would soon open an office in Canada, lamenting tough immigration rules in the US that makes it difficult to hire foreign staff. "It is about recruiting the best and brightest, and right now,
Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial
Brazil and India blamed the latest failure on the EU and US not offering enough concessions on agriculture. The EU and US countered that Brazil and India were not opening up their markets to Western manufactured goods.
One of the big questions now being debated is, "What would happen if China were to dump its entire Treasury portfolio in one fell swoop?" Caroline Baum addressed that question in “China Doesn't Steer the U.S. Interest-Rate Ship”:
The common denominator? Brutal wars and economic mismangement by the governments in power. Sounds familiar!!
"Pop! Why Bubbles are Great for the Economy." Bubbles are miracle workers. So let 'em pop, Pop, POP! Gross is in love with what happens after a bubble pops, an idea first heard in uber-economist Joseph Schumpeter's 1942 law of
In another swipe at the economic traditions that benefit the rich nations, Putin called for central banks to hold reserves in a wider selection of currencies. Now, banks largely hold their reserves in dollars and euros. (Again this is Putin)
Russian President Vladimir Putin on Sunday called for a revolution in world economic relations, saying institutions created by the West were "archaic, undemocratic and inflexible."
NEW YORK –- Morgan Stanley issued a "full house sell signal," saying three of its leading indicators — bond yields, Institute for Supply Management new orders, and valuation and risk — showed it was time to sell.
Resource wars will destroy planetary life unless ended
In reading Bush's complaint that Russians Have Derailed Reforms it occurred to me that we are being presented with still more reasons to vote for Ron Paul (even though there are plenty enough reasons already).
No More Shuffling of Paper Gold - Contract Holders are taking Delivery of the Metal. (The US Economic collapse will not happen all at once,... but it will happen overnight)
When the Roman emperor Constantine struck off a new gold coin, he expected it to give good, durable service. And the extra-durable solidus did - about 700 years' worth. Modern monetary systems have a somewhat shorter shelf life. That the current
Kuwait unshackled its dinar from the tumbling US dollar on Sunday and switched the exchange rate mechanism to a basket of currencies, throwing plans for currency union with other Gulf Arab oil producers into disarray.
To paraphrase the famous quip during the 1992 US Presidential debates, when an unknown William Jefferson Clinton told then-President George Herbert Walker Bush, "It's the economy, stupid," the present concern of the current Washington a
It has not even reached parliament, but the oil law that US officials call vital to ending Iraq's civil war is in serious trouble among Iraqi lawmakers, many of whom see it as a sloppy document rushed forward to satisfy Washington's clock.
Whether Paul Wolfowitz remaines president of the World Bank or not, the furor over his leadership raises questions about the importance of reforming the policies and structure of an institution born more than 60 years ago, at a time of very different
Capital flows have become globalization's Achilles' heel. Over the past 25 years, devastating currency crises have hit countries across Latin America and Asia, as well as countries just beyond the borders of western Europe -- most notably Russia and
Britain is moving one step closer to becoming a "cashless society" with the launch of a radical new way of paying. Experts say it is another move towards a world where plastic cards are "king", turning cash into a relic from th
The director of international economics at the Council on Foreign Relations has launched a scathing attack on sovereignty and national currencies. Benn Steil, writing in the current issue of CFR's influential Foreign Affairs magazine, says "the world
More than 700 World Bank staff have signed a letter expressing concern and calling for a resolution of a crisis involving bank President Paul Wolfowitz as a decision over his leadership looms.