Socio-Economics History Blog

Socio-Economics & History Commentary

Max Keiser on Treasury Bond Market and The Police State

  • Max Keiser discusses the collapsing US bond market, Tim Geithner’s speech in BeiJing University and how he was laughed at. In the final segment, Alex Jones goes on the show to talk about the growing Prison Industrial Complex in America and how America is becoming a fascist police state.

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June 6, 2009 Posted by | Economics | , , , , , , | Comments Off on Max Keiser on Treasury Bond Market and The Police State

Gerald Celente: Economic Depression To Lead To War ?

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June 6, 2009 Posted by | Economics, GeoPolitics | , , , , , , , | 1 Comment

Medvedev: Russia, China Should Dump Dollar In Trade

  • The knives are definitely out. The rhetoric is ratcheting upwards. It is getting to be no holds barred attack on the USD. How long will the rest of the world take to wake up to this coming monetary crisis? Reuters reports :
      
    Russia and China should consider switching to domestic currencies in bilateral trade without going to the dollar, Russia’s president Dmitry Medvedev said in an interview with Kommersant daily published on Friday.
     
    China has already entered similar agreements with Brazil and Belarus. The deal involves a currency swap agreement between the two countries. Trade turnover between Russia and China reached about $50 billion in 2008 and is set to increase.
     
    “I think that we can think about such positions, for example the rouble against yuan,” Medvedev was quoted by Kommersant as saying. Russia’s own attempt to switch to the rouble in bilateral trade with Belarus has so far not been successful.
     
    Leaders of Brazil, Russia, India and China, known by their BRIC acronym, are meeting in the Russian city of Yekaterinburg on June 16 to discuss the role of the dollar in the global financial system among other issues.
     
    Medvedev said bilateral currency deals between trade partners ease impact of the economic crisis in an environment when many countries have difficulties tapping international capital markets.

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June 6, 2009 Posted by | Economics | , , , , , | Comments Off on Medvedev: Russia, China Should Dump Dollar In Trade