China

Big Oil's Long Goodbye To The Dollar

In an article by Robert Fisk published in THE INDEPENDENT, the crisis of the American dollar in oil dealings is explained a little deeper than was known the last time we visited this topic. More former allies have agreed to leave the dollar, thus hastening its demise. N THE MOST PROFOUND financial shift in recent Middle East history, Gulf Arabs are planning—along with China, Russia, Japan and France—to end all dollar purchases for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in...

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Citizen Outburst #855

HO SAYS THE CHEAP JUNK is cheap for America? This junk is horrid for our economic infrastructure, writes someone I'll just call Citizen. The textile workers all across the south lost their jobs while the fat cats took their business to China, Mexico, and elsewhere for their cheap goods to be sold back here in America. Take a look at the teen shops for clothing, those $25.00 blouses are absolute junk. When washed tiny holes show up, buttons are gone, why? the weaving is very poor quality and it falls apart. Examine other foreign-made products that fall apart. Contemplate cars...


Mutually Assured Deception

heikyermami says, "When the Ayatollah Khomeini came to power in Iran he immediately set upon the useful idiots who were assisting him in what they believed would be some kind of socialist revolution. When the Russians pulled out of Afghanistan they left an operator named Najibullah behind. Google 'Najibullah' and check what happened to him, which is likely what would happen to Karzai, the darling of the West." Word to that. V S Naipaul—in Among the Believers—spent time with the earnest Persian socialists—the people who read the leftist and Soviet literature and truly believed in people's revolution and all that....


China’s Nuclear Option Against The Dollar

here are rumors, this is Washington, after all, that the Chinese government has initiated a campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation. Iran has already done this, and Saudi Arabia has threatened to do this, although my source in the US State Department has told me that the Saudis have already begun swapping in their dollars for Euros. Two officials at leading Communist Party bodies have given interviews in recent days warning that Beijing may use its $1.33...


The Fire Sale Of America

ere's a fucking thought for you in the cocksure crowd. There's one thing that seems apparent to me. You have been invited to the fire sale of America. The Democrats seem intent on giving America away, and Republicans seem hell bent on selling it to anyone, but the Saudis and Chinese, in particular. I'm not going to back these fragments up with any data. There is already plenty on this blog to read on these leadership failures. Use the labels and keywords to search, if you're truly interested. Frankly, it looks to me like everyone is suited up for the...