Timothy Geithner Faces Possible Criminal Charges over AIG Coverup

Timothy Geithner Faces Possible Criminal Charges over AIG Coverup.

China’s Dumping Of The Dollar Has Begun

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 [...]

China quietly introduces new financial system

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 [...]

FDIC – Nine bank’s close in one day

But the recession is over right…..
North Houston Bank, Houston, TX
Madisonville State Bank, Madisonville, TX
Citizens National Bank, Teague, TX
Park National Bank, Chicago, IL
Pacific National Bank, San Francisco, CA
California National Bank, Los Angeles, CA
San Diego National Bank, San Diego, CA
Community Bank of Lemont, Lemont, IL
Bank USA, NA, Phoenix, AZ

Russia ready to abandon dollar in oil, gas trade with China

Most readers will be well aware of what happens when you consider abandoning the Dollar, Saddam wanted to trade in Euros for Oil, now look at Iraq.  Iran wants to trade in the Euro and we can see activity building there and today after the 9 countries in the ALBA declared themselves to be moving [...]