Showing posts with label Devaluation. Show all posts
Showing posts with label Devaluation. Show all posts
Wednesday, February 23, 2011
Demise of the Dollar
SUBHEAD: The Great Recession never left us and collapse of the industrial economy is already under way.By Guy McPherson on 22 February 2011 in Nature Bats Last -(http://guymcpherson.com/2011/02/demise-of-the-dollar)Image above: Illustration of hyperinflation by David Dees. From (http://www.rense.com/1.mpicons/deesA2.htm).The U.S. dollar continues its journey from Brobdingnagian to Lilliputian
Labels:
Collapse,
Debt,
Devaluation,
Dollar,
Fed,
Peak Oil,
Revolution
Thursday, November 25, 2010
China & Russia Quiting Dollar
SUBHEAD: The two countries will now use only their own currencies for bilateral trade.Image above: Vladimir Putin and Wen Jiabao shake in currency trade deal. From article.By Su Qiang and Li Xiaokun on 24 November 2010 in China Daily - (http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.ht)China and Russia have decided to renounce the US dollar and resort to using their own currencies
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