Record Levels of Currency Reserves Will Hit Hard

When the US federal government was shutdown, China jumped in on the financial bandwagon and suggested that we build ‘a de-Americanized world’, which boils down to getting rid of the dollar as the international reserve currency. As the law-makers and the political parties were dragging their feet, the Chinese had their running shoes on to…

Money Has No Smell for Brits

Money doesn’t smell of anything except money and wherever it comes from it gives off the same whiff of intoxicating magnetic attraction. Money, where some are concerned, is good wherever you get it from, but the only problem with that is there are times when the policies of some are in complete contradiction with that,…

Internet or Splinternet

The US and the National Security Agency may well have just dug their own grave where the internet is concerned. Outwardly the eavesdropping and the spying has outraged the leaders (although they have done little in retaliation so far) around the world to actually do anything of any worth towards the United States except say…

World Ready to Jump into Bed with China

President Obama, the US federal government shutdown, the omnipotence of the National Security Agency and the anger of the world at just how much the USA flouts the laws that we thought we might have lived by. These are all reasons and more for the rest of the world to turn their backs on the…

Indian Inflation: Out of Control?

While some harp on about the growing dangers of yet another housing bubble in the western world, there are other more important things perhaps that are going on in other countries in the world. But, they are of little interest since we are not directly concerned by them. How is it that we only care…

Greenspan Maps a Territory

There’s very little use in mapping a territory that has already been mapped, but there are times when it is done for other reasons. Maybe this time where the mapping of territory is going on it’s a question of atoning of one’s sins, making amends for offenses and errors in the mapping (or not, as…