From Testosterone pit blog: The word dollar didn’t even come up. “The volume of transactions that can be carried out in the Chinese currency in international and German financial centers is not commensurate with China’s importance in the global economy,” the Bundesbank explained in its dry manner on Friday in Berlin, after signing a memorandum […]
According to all accounts, the US faces its worse economic crisis since the Great Depression with $2 trillion in near-term financing needs for bailouts and economic stimulus. This is an enormous sum for any country, especially for one that is so heavily indebted that it is close to bankruptcy. If the money can’t be borrowed […]
At the Beijing Olympics, China trounced the United States in the contest for gold medals. In the Caucasus, Russia inflicted a humiliating military defeat on Georgia, America’s closest ally in the region. At home, the US economy is in deep trouble. The misery index, a combination of the rates of inflation and unemployment, stands at […]
It is a shame because I would have liked to have this interactive map here on this blog but go to Mother Jones and have play with this interactive world map showing how the US has extended its military presence worldwide.