According to Google News:
Iran’s central bank chief said on Monday that the country has gained five billion dollars by replacing the US dollar with the euro in its currency basket, state-owned English language Press TV reported.
“Iran has considerably reduced the total of US dollars in its currency basket,” Mahmoud Bahmani said at a bankers’ seminar in Tehran. continue reading...
“The downward spiral of the dollar is hardly new, even if its plight was accelerated by the start of the housing credit crunch over the summer. It has lost 44 per cent of its value against the euro since 2002. The Canadian dollar reached parity with its American cousin in September and has since shot above it. But awareness on Main Street America may be lagging behind.”
read more. continue reading...
Technically, every couple of weeks I see a doomsday scenario like this… which is either a sign that I should not really take this seriously or I’m an idiot for not heeding the ever increasing signs:
The Bank of International Settlements (BIS) is warning that the global economy could be on the brink of a major depression similar to the one that passed in the 1930s. continue reading...
Paul Wolfowitz, one of the more despicable war criminals of the 21st century is being kicked out of the World Bank for nepotism, frankly, one of his lesser sins.
Alas, rumor is maybe British PM Tony Blair might replace him. Blair was rumored to have been offered a gig at warmonger Rupert Murdoch’s News Corp. continue reading...
Why is this man even trusted to do anything after he led us into the debacle in Iraq?
The World Bank’s board of directors adjourned a meeting on Friday over the promotion by bank President Paul Wolfowitz of his girlfriend, Shaha Riza, saying it would move quickly to decide how to proceed. continue reading...
