» 12/19/2008, 00.00
ASIA - UNITED STATES
U.S. debt approaches insolvency; Chinese currency reserves at risk
In a few months, America's public debt has grown to more than 100% of GDP. Fear of a valuation crisis for the dollar, with tremendous consequences for Asian countries, major exporters to the United States.
03/01/2009 ASIA - CHINA - U.S.
Chinese yuan set to replace dollar
Beijing has launched the experiment of using the yuan as a reserve currency in relations with 8 countries. Chinese exporters are asking to charge in yuan instead of dollars, because the U.S. currency is losing value. But China needs to revise its model of development, too much inspired by eighteenth century mercantilism.
As the world waits for hyperinflation and a world government, Bernanke becomes “Person of the Year
Time Magazine has made a premature choice. Economic recovery is either missing or else it is only due to spending cuts and layoffs. Unemployment in the United States and China is rising fast. A solution to the US public debt crisis can only come through hyperinflation, which will destabilise the world system.
30/09/2008 ASIA - U.S.
Depth of the abyss of economic, social, political chaos
The worldwide financial situation was disastrous even before the rejection of the U.S. emergency plan. The Paulson plan for 700 billion dollars is enormous (432,10% of the total U.S. deficit), but it pales in comparison to the mountain of financial paper in circulation, well above 20% of global economic production.
Economic crisis renews prospects for world currency
As the number of prophets of doom multiplies, the demand-side structural imbalance of the world economye, now under scrutiny in many economic studies, lies in the artificial compression of Chinese domestic consumption.
“Hightened concerns" about growth in China among the reasons for the Fed zero rate
For Janet Allen, head of the Fed, China and emerging markets have uncertain outlooks. The Shanghai stock market recovered slightly despite a bad week. Skepticism about China, the US and world economy.
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