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Ron Paul on Gold, Oil, and the Dollar
Posted on 26th July 2010Ron Paul discusses Gold, Oil and the Dollar.
U.S. Need Not Fear Sovereign Debt Crisis, Unlike Greece, It Actually Is Sovereign
Posted on 26th July 2010Jul 24, 2010 – 02:03 PM
By: Ellen_Brown
Last week, a Chinese rating agency downgraded U.S. debt from triple A and number one globally, to “double A with a negative outlook” and only thirteenth worldwide. The downgrade renewed fears that the sovereign debt crisis that began in Greece will soon reach America. That is the concern, but the U.S. is distinguished from Greece in that its debt is denominated in its own currency, over which it has sovereign control. The government can simply print the money it needs, or borrow it from a central bank that prints it. We should not let deficit hawks and short sellers dissuade the government from pursuing that obvious expedient… Business Consultant Tucson (more…)
Chinese Central Bank Outlines Plan To Ditch The Dollar As The Yuan’s Peg
Posted on 26th July 2010Hu Xiaolian, deputy governor at the Chinese central bank, has released a paper which suggests it’s soon time for China to peg the yuan to a basket of foreign currencies, rather than the U.S. dollar alone.
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