Prophecy in today's headlines

Chinese President Hu Says U.S. Dollar is a ‘Product of the Past’

Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a “product of the past” and highlighted moves to turn the yuan into a global currency. Read More

Is Frog Exodus in Greece Sign of Coming Earthquake

Greek officials say a horde of frogs has forced the closure of a key northern highway for two hours. Thessaloniki traffic police chief Giorgos Thanoglou says “millions” of the amphibians covered the tarmac Wednesday near the town of Langadas, some 12 miles east of Thessaloniki. “There was a carpet of frogs,” he said. Flood of […]

China PLA Officer Urges Challenging U.S. Dominance

China should build the world’s strongest military and move swiftly to topple the United States as the global “champion,” a senior Chinese PLA officer says in a new book reflecting swelling nationalist ambitions. The call for China to abandon modesty about its global goals and “sprint to become world number one” comes from a Peoples […]

China Faces Growing Gender Imbalance

China:Harder For World To Buy U.S. Treasuries

China’s central banker recently said that it is becoming harder for governments around the world to buy United States treasuries, while warning that the US Dollar will lose its value. Currently, the United States Dollar Index is trading at 78.2 points. At the present time, the People’s Republic of China owns just under $1 trillion […]

US Admiral Concerned Over China Military Buildup

A U.S. Navy admiral expressed new concern over China’s military buildup and urged Beijing to be clearer about its intentions. With China’s military growing at an “unprecedented rate,” the U.S. wants to ensure that expansion doesn’t destabilize the region, Rear Adm. Kevin Donegan told reporters on a visit to the Chinese territory of Hong Kong. […]

China Alarmed by US Money Printing

Cheng Siwei, former vice-chairman of the Standing Committee and now head of China’s green energy drive, said Beijing was dismayed by the Fed’s recourse to “credit easing”. “We hope there will be a change in monetary policy as soon as they have positive growth again,” he said at the Ambrosetti Workshop, a policy gathering on […]

Russia, India Question Dollar Reliance Before Summit

Russia and India said the world economy is too reliant on the U.S. dollar and called for changes in how $6.5 trillion in currency reserves are managed, as Group of Eight leaders prepare to meet this week. “The dollar system or the system based on the dollar and euro have shown that they are flawed,” […]