World-News

The giant jump comes because the government was replenishing its stock of "extraordinary measures", the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.

http://www.washingtontimes.com/news/2013/oct/18/us-debt-jumps-400-billion-tops-17-trillion-first-t/



China to push for "YUAN" to be alternative to "Dollar" in fear of next Washington Drama

Analysts predict investors faced with a U.S. default would try to sell dollars for yuan, forcing China s central bank to either buy up dollars at a time when the government issuing them isn t honoring its obligations or allow a rapid increase in the yuan s value that would hurt exports and worsen the country s credit bubble.

http://ca.news.yahoo.com/u-averts-default-japan-china-brace-next-dollar-081452483--business.html



9 Signs That China Is Making A Move Against The U.S. Dollar

The U.S. debt spiral cannot go on indefinitely. Our debt is growing far, far more rapidly than our GDP is, and therefore our debt is completely and totally unsustainable. The Chinese understand what is going on, and when the dust settles they plan to be the last ones standing.

http://theeconomiccollapseblog.com/archives/9-signs-that-china-is-making-a-move-against-the-u-s-dollar



Dollar Slips as Fed Worries Continue

Expectations that the Federal Reserve will have to keep its easy-money policies in place for longer following the partial U.S. government shutdown pushed the dollar close to its lowest point of the year against the euro and U.S. Treasury debt prices to their highest point since July.

http://online.wsj.com/news/articles/SB10001424052702303680404579142850162694282



Another Blow To The US Dollar

By Peter Koenig

No wonder the Western media have ignored it.
http://www.informationclearinghouse.info/article36700.htm



Does the Dollar Have a Future?

By Mike Whitney

China has already started its transition away from the dollar. Here s the scoop from former chief economist for Morgan Stanley Asia, Stephen S. Roach.

http://www.informationclearinghouse.info/article36711.htm


From Information Clearing House

--------

Debt Ceiling Deal: DC Wins, Americans Lose
http://www.lewrockwell.com/2013/10/ron-paul/capitol-hill-creeps-abolish-the-debt-ceiling/

Federal Reserve Steals From the Poor and Gives to the Rich
http://www.lewrockwell.com/2013/11/ron-paul/take-from-the-poor-give-to-the-rich/

Inflation: The Economics of Addiction
http://www.lewrockwell.com/2014/01/gary-north/the-economics-of-addiction/

--------

America on Fire

William Rivers Pitt, Truthout: In Australia, the fear is that the fires being battled by heroic public servants who got their funding cut initially were started by arsonists. In America, the arsonists are in Congress, on Wall Street and in the White House to no small degree.

http://truth-out.org/opinion/item/19548-america-on-fire



The World Without US

John Feffer, Inter Press Service: The government shutdown continues to shift the world s outlook on Americas political competence, prompting people to question whether the US will remain an international superpower.

http://truth-out.org/opinion/item/19638-the-world-without-us

--------

The Fed turns 100: A survey of the critics

Ludwig von Mises Institute
by Gregory Bresiger

12/05/13

End America s central bank because it caused the crashes of 2008, 1987, and 1929 and will blunder again. That s what many critics are saying about the Federal Reserve System (the Fed), which turns 100 on December 23. They note that on the Fed s watch America has endured numerous bubbles, crashes, and inflationary cycles that have greatly devalued the dollar. The Fed, they say, has caused or aggravated several crashes.

http://mises.org/daily/6602/The-Fed-Turns-100-A-Survey-of-the-Critics


Informant: Thomas L. Knapp

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Capitol Hill Officially a 'Millionaires Club'
http://www.commondreams.org/headline/2014/01/10-6



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