Top Chinese official signals move away from dollar

U.S. Dollar Falls Sharply Across The Board

The U.S. dollar fell sharply against most of its major rivals on Tuesday, as commodity prices and global equities posted gains.

//www.foxbusiness.com/story/dollar-falls-sharply-board/

 

UN Says New Currency Is Needed to Fix Broken 'Confidence Game'

The dollar's role in international trade should be reduced by establishing a new currency to protect emerging markets from the "confidence game" of financial speculation, the United Nations said.

//www.bloomberg.com/apps/news?pid=20601068&sid=aSp9VoPeHquI

 

Top Chinese official signals move away from dollar

The Chinese are becoming increasingly wary of the growing supply of U.S. dollars, leading the head of the nation's green energy initiatives to signal a move away from dollar reserves and toward, gold, euros and yen, according to a published report.

//rawstory.com/08/news/2009/09/07/china-objects-to-dollars-growing-liquidity/

 

4 Signs that China is Moving Out of the Dollar

The U.S. Treasury Department revealed that China actually REDUCED its note and bond holdings by $25 billion in June. Although China did NOT sell shorter-term Treasury bills - and isn't expected to - it's still the largest amount of Treasuries China has ever sold in a single month.

//www.washingtonsblog.com/2009/09/3-signs-that-china-is-moving-out-of.html

 

More US wealthy opt to surrender their citizenship

As offshore havens comply with transparency demands, a growing number of ultra-wealthy Americans are handing back their passports.

//www.wealth-bulletin.com/rich-life/rich-monitor/content/1054959505/

 

Fed: Consumers Slash Debt by Record $21.6B in July

The Federal Reserve reported Tuesday that consumers ratcheted back their credit by a larger-than-anticipated $21.6 billion from June, the most on records dating to 1943.

//www.foxnews.com/politics/2009/09/08/fed-consumers-slash-debt-record-b-july/

 

Van Jones decries 'lies and distortions,' quits as Obama's environmental advisor

Jones says he has become a distraction to the administration's healthcare agenda because of his videotaped insult of Republicans and his signature on a petition suggesting a 9/11 conspiracy.

//snipurl.com/rodkf


From Information Clearing House

 

//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=Treasury
//freepage.twoday.net/search?q=healthcare
//freepage.twoday.net/search?q=9/11

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