I earlier submitted a post regarding the loss of US influence in Latin America and the growing commercial clout of China in that region. This has recently been highlighted by the US […]
Modern Greece, today’s Chimera.
Chimera, a product of Greek mythology was a fire-breathing monster with a lion’s head, a goat’s body and a serpent’s tail, daughter of Typhon, a monster with a hundred heads that also […]
QE2, Bailout of an imperilled Boat
With the announcement of QE2 this well balanced guide to QE is worthwhile reading. http://www.bbc.co.uk/blogs/newsnight/paulmason/2010/11/the_wall_of_money_a_guide_to_q.html As good as the US election news was for many Americans, there remain serious fault lines in […]
China, Greenspan rub salt on dollar wound
China, Greenspan rub salt on dollar wound Dollar jitters continue, with none other than Alan Greenspan now warning that the party may be over for the greenback as foreign investors tire of […]
America’s Deficits, Debts and Diplomacy Part 2
I refer the readers to my post of 18 February in which I wrote of the risk of America financing its debt by selling T-Notes to foreign governments and financial institutions. Last […]
America’s Deficits, Debts and Diplomacy
America’s Deficits, Debts and Diplomacy I recently read an article by William Thomas in which he pointed out that the present administration is borrowing $1.9 billion a day to stay afloat. He […]
America’s Deficits, Debts and Diplomacy
I recently read an article by William Thomas in which he pointed out that the present administration is borrowing $1.9 billion a day to stay afloat. He goes on to write, “Much […]