
BusinessInsider – Dec 17th 2009.
China, once a proud holder of United States post-World War II debt, is getting scared.
For years the People’s Republic has bought U.S. Treasuries, eventually becoming the largest holder of U.S. debt ($799 BILLION to be exact!). Those days are long gone, though.
During 2009, China hasn’t been buying many Treasuries and has [...]
December 18, 2009 | Posted in
Economy Doom |
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China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund [...]
November 23, 2009 | Posted in
Economy Doom |
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Latin American leaders agreed here on the creation of a regional currency, the Sucre, aimed at scaling back the use of the US dollar.
Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace the [...]
October 17, 2009 | Posted in
Economy Doom |
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Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
By Robert Fisk
Tuesday, 6 October 2009
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving [...]

Four tropical cyclones, two major earthquakes with accompanying tsunamis, all occurring around the Western Pacific and Southern Asia within one day.
This morning as I cycled into work at about 7.30am (the parade starts at 10am) and the fog/smog was so thick that the famous ‘pair of trousers’ CCTV building was visible only as two ‘legs’ [...]
October 1, 2009 | Posted in
Terra Doom |
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