Role and value of U.S. dollar set to fall: Asia think tanks
The role of the U.S. dollar as the key global currency will decline after the financial crisis, and its value may also weaken due to America’s current account deficit, officials at some of Asia’s top think tanks said.
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House Passes Mandatory National Service Bill
The House passed a bill yesterday which includes disturbing language indicating young people will be forced to undertake mandatory national service programs as fears about President Barack Obama’s promised “civilian national security force” intensify.
Last night, while meeting the source in O’Connell’s Irish pub in Alexandria, Alexandria police, who apparently had plainclothes police inside the St. Patrick’s Day-jam packed establishment, arrested my source for no apparent reason while I and the source’s wife looked on in shock.
Dollar Plunges After Fed Announcement
The dollar plunged across the board on the back of news that the Federal Reserve would flood the banking system with the greenback by buying $300 billion of long-dated Treasuries over the next six months as well as $750 billion more of agency mortgage-backed securities.
Senate quietly stripped measure restricting bonuses from bailout legislation
A new revelation in the scandal surrounding AIG’s decision to pay multi-million dollar bonuses to executives — a provision that would have restricted companies receiving federal government bailout aid from paying bonuses was quietly stripped from a bill last month.
• Hedge funds could reap billions from AIG
Wayne Paul speaks - taken from ‘The Obama Deception’
Mr. Paul speaks of the unchecked power of the money system our government operates under.
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