Prophecy in today's headlines

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 […]

Be Prepared, The Worst Is Yet To Come

The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to […]

The Demise of The Dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading. In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end […]

US May Face Armageddon If China, Japan Don’t Buy Debt

The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. “It’s almost Armageddon if the Japanese and Chinese don’t buy our debt,” Robertson said in an interview. “I don’t know where we could […]

Economic Crisis Makes Europe Richest Region In the World – Report

Europe has emerged as the richest region in the world, pushing North America, where wealth has declined by more than 20 percent due to the economic crisis, off the top spot, a study has shown. The world’s richest also feel the recession biting, especially in North America, where the financial crisis first unfolded a year […]

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 […]

FDIC Could Use A Financial Lifeline of It’s Own

The government agency that guarantees you won’t lose your money in a bank failure may need a lifeline of its own. The Federal Deposit Insurance Corp. coffers have been so depleted by the epidemic of collapsing financial institutions that analysts warn it could go red by the end of this year. That has happened only […]

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,” […]