The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, U.S. dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the buying and selling of oil) is conducted in U.S. dollars, and this gives the United States a tremendous economic advantage. Since so much trade is done in dollars, there is a constant demand for more dollars all over the globe from countries that need them for trading purposes.
Tag: China
The Interview is translated from German. The German Interview is published on 12.09.2012 in the German Monthly News Magazine ZUERST! ********************************************************************* Is The Non-Aligned Movement Relevant? Manuel Ochsenreiter “ZUERST” interviews Christof Lehmann Dr. Lehmann, the…
PENGCHIA, Taiwan Taiwan’s president used a high-profile visit to a Taiwanese islet Friday to warn Japan against making any attempts to nationalize islands that are part of a disputed chain in the East China…
The Chinese patrol ship Haijian 46, one of the two ships which is reportedly sailing near the disputed islands in the East China Sea, known as Senkaku in Japan or Diaoyu in China, in…
[This year, 2012, marks the 15th Anniversary of the publication of the English and Japanese print editions of the book Netizens: On the History and Impact of Usenet and the Internet by Michael Hauben and…
Greetings; I’ve been discussing various topics related to government, politics, the West, with groups of people here in Shanghai – mostly young professionals, all university grads, ages maybe 25 to 35. And I’ve been frequently…
[Editor’s note: The Global Times’ original title is modified by The 4th Media.] Hillary Reinforces US-China Mistrust US Secretary of State Hillary Clinton will arrive in China today. Some have labeled her latest Asia-Pacific…
Supranational ASEAN is Super Folly for Southeast Asia. US reveals ASEAN as neo-imperial consolidation as Clinton calls on bloc to present a “united front” against China. In the literary classic “Gulliver’s Travels,” the protagonist, Lemuel Gulliver, finds himself shipwrecked on an island of tiny people called, “Lilliputians.” While he slept, the Lilliputians used their tiny rope and stakes to tie Gulliver down. When he awoke, though many times larger than any one of the Lilliputians, he was immobilized and at their mercy. This analogy is important because it represents the precise example used by Wall Street-London corporate-financier interests in producing policy for the containment of China. In 1997, a very different world from today, where the idea of a multipolar world order uprooting Anglo-American hegemony was still a fanciful notion, Western policy makers literally used this analogy to describe their strategy of encircling and containing China.
Last July, I visited the US on an academic tour and, as a part of my stay, participated in a Tucson, Arizona, conference of the type that would not fit with the expectations of a…
[Editor’s note: The title of this New York Times’ article is modified by The 4th Media.] The New York Times: Smiles and Barbs for Clinton in China BEIJING — Secretary of State Hillary Rodham Clinton arrived…