Janet Napolitano, set up new Department of Homeland Security shipping restrictions on November 17, 2010 that blocks the shipping of any NON COMMERCIAL parcel into the United States that weighs more than 0.9 pounds (under 16 ounces) without first…
A new model of the way the THz waves interact with DNA explains how the damage is done and why evidence has been so hard to gather
The fire sale is spread around the country, with a hotspots in California, Texas, and Arizona taking up the majority of the list.
On Thanksgiving Eve, the English language China Daily and People’s Daily Online reported that Russia and China have concluded an agreement to abandon the use of the US dollar in their bilateral trade and to use their own currencies in its place. The Russians and Chinese said that they had taken this step in order to insulate their economies from the risks that have undermined their confidence in the US dollar as world reserve currency. This is big news, especially for the news dead Thanksgiving holiday period, but I did not see it reported on Bloomberg, CNN,New York Times or anywhere in the US media. The ostrich’s head remains in the sand. Previously, China concluded the same agreement with Brazil. As China has a large and growing supply of dollars from trade surpluses with which to conduct trade, China is signaling that she prefers Russian rubles and Brazilian reals to more US dollars. The American financial press finds solace in the episodes when sovereign debt scares in the EU send the dollar up against the euro and UK pound. But these currency movements are just measures of financial players shorting troubled EU-denominated debt. They are not a measure of dollar strength. The dollar’s role as world reserve currency is one of the main instruments of American financial hegemony. We haven’t been told how much damage Wall Street fraud has inflicted on EU financial institutions, but the EU countries no longer need the US dollar for trade between themselves as they share a common currency. Once the OPEC countries cease to hold the dollars that they are paid for oil, dollar hegemony will have faded away.
Do you think our Congress is listening? Europe is falling apart, capitalistic socialism is failing, their bailouts are getting worse and yet we have a Speaker of the House of the lame-duck session of our Congress to is unwilling to do what historically proved to be the best medicine for a failing economy: cut government spending and cut taxes.