Russia Dumps US Dollar as basic reserve currency
Global Research, May 20, 2009
Pravda
The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.
The dollar has thus lost the status of the basic reserve currency for the Russian Central Bank, the annual (...)
Home > Keywords > Politics > Economy-budget
Economy-budget
Articles
-
Russia Dumps US Dollar as basic reserve currency
21 May 2009 par (Open-Publishing)
-
Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber
21 May 2009 par (Open-Publishing)
Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber
Marc Faber forecasts Economic Armageddon , the author of "The Gloom, Boom & Doom Report" foresees a litany of unpleasant events ahead , living up to his reputation for bearishness .
His key message is: buy real assets. He thinks it will take years for the global economy to recover, but when it does the effect of governments’ printing money will ultimately reignite inflation.
"If you’re in (...) -
Video: Federal Reserve Cannot Account for $9 Trillion
16 May 2009 par (Open-Publishing)
By: Julie Crawshaw
The Federal Reserve apparently can’t account for $9 trillion in off-balance sheet transactions.
When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed’s expanded balance sheet, the IG didn’t know.
Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.
"I am shocked to find out (...) -
Fear of Crime and Things to Come
14 May 2009 par (Open-Publishing)
Fear resides in all living creatures. It’s what keeps us alive down at the watering hole or out on the street.
The fear of crime strikes all who live with its dread, as well as those who are personally victimized. Fear keeps us from doing what we want to do; it causes us to distrust friends and to view strangers with prejudice; and it can trick us into trading freedom for a false sense of security.
Hard Times
Many of us have grown up with an expectation that we have the right to a (...) -
State considers return to gold, silver dollars: Proposed bill slams Fed, allows payments in precious metals
14 May 2009 par (Open-Publishing)
By Drew Zahn
A bill being considered in the Montana Legislature blasts the Federal Reserve’s role in America’s money policy and permits the state to conduct business in gold and silver instead of the Fed’s legal tender notes.
Montana H.B. 639, sponsored by State Rep. Bob Wagner, R-Harrison, doesn’t require the state or citizens to conduct business in gold or silver, but it does require the state to calculate certain transactions in both the current legal tender system and in an (...) -
Bailouts and Boots
14 May 2009 par (Open-Publishing)
Bailouts and Boots By David Glenn Cox
When Americans went to the polls last November they were given what appeared to be two clear choices. Either, a more of the same trickle down economics from an elderly Republican war hero so spineless as to waffle on his own statements within twenty fours hours of making them.
Or a young and vigorous man who offered us hope. Barack Obama is very intelligent, very personable and engaging. After eight years of George Bush and Dick Cheney the (...) -
The New US Budget: No Money for the People, but Trillions for the Banks and the War
13 May 2009 par (Open-Publishing)
The New US Budget: No Money for the People, but Trillions for the Banks and the War
by Professor Dr Michel Chossudovsky, Canada
cc. The following text contains essential parts of a larger article written by the Canadian economist Michel Chossudovsky. The complete text “America’s fiscal collapse” was published on 2 March 2009 on www.globalresearch.ca.
Continue to read:
http://www.currentconcerns.ch/index.php?id=768 -
The American Revenue Authorities: Expansion of the Combat Area (on to Switzerland)
13 May 2009 par (Open-Publishing)
The American Revenue Authorities: Expansion of the Combat Area (on to Switzerland)
Discussion with Luis Suarez-Villa, professor for economy at the University of California, Irvine
Luis Suarez-Villa made his doctorate in international policy at the University of Cornell. He is a professor at the University of California, Irvine, whose member he has been since 1982. He specialized in innovative technology and its connections with social changes, economic development and regional (...) -
INTERVIEW – Geithner: time to review U.S. central bank governance
12 May 2009 par (Open-Publishing)
INTERVIEW – Geithner: time to review U.S. central bank governance
Sat May 9, 2009 5:18am
By Glenn Somerville
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Friday it was time to review how regional Federal Reserve banks are governed to ensure the public feels confident no conflicts of interest are at play.
Geithner was asked during a Reuters Television interview about the resignation on Thursday of Stephen Friedman, a member of Goldman Sachs Group Inc’s (...) -
‘Wrong-sized’ missile sends new Trident cost soaring by £100m
11 May 2009 par (Open-Publishing)
‘Wrong-sized’ missile sends new Trident cost soaring by £100m
ompatability worries as US firm takes on contractBy Rob Edwards, Environment Editor
BRITISH TAXPAYERS are having to fork out an extra £100 million this year to replace the Trident nuclear weapons system because of fears that the missile being designed in the US could be the wrong size.
The UK government is funding all of a contract for a US company to design a new missile compartment in an attempt to ensure that it will (...)