Down For The Count: "The whole system is contracting"

By Mike Whitney

The US Treasury and Federal Reserve are now underwriting the entire financial system. The free market has been abandoned altogether. Everything from commercial paper to money markets is now backed by the "full faith and credit of the United States".

//www.informationclearinghouse.info/article21087.htm



Meet the World's New Reserve Currency: The Chinese Yuan

By Mike Whitney

Things are getting worse. On Friday morning, futures trading was halted for the first time ever after futures plunged more than 5 percent. The sell-off came after another 500-plus down day on the Dow followed by steep declines in equities markets across Europe and Asia.

//www.informationclearinghouse.info/article21090.htm



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