Thursday, 28 May 2009

Economist Warns Fed Will Bring About Zimbabwe Style Hyperinflation
A prominent PhD economist has warned that The US economy will be subject to rampant “hyperinflation” at levels rivaling those in Zimbabwe if the Federal Reserve refuses to raise interest rates.

 Marc Faber: “I Am 100% Sure that the U.S. Will Go Into Hyperinflation” 
 Americans’ credit scores fall as they struggle to pay bills


Geithner to meet top Chinese leaders
US Treasury Secretary Timothy Geithner will meet with President Hu Jintao to discuss expansion of ties and current economic turmoil during his trip to Beijing on June 1-2, officials said Wednesday.

 Worse Than The Great Depression... Hyperinflation Is Coming! Own Gold & Silver! Real Money-Real Protection! 
 New Investor Worry: Treasury Selloff Spiking Interest Rates 
 Media Myth: Networks Ignore Trillion Dollar Price Tag of Climate Cap Bill 

China finding it harder to support NKorea: analysts
China has long been the main ally of North Korea, but as it assumes a greater role in international affairs, Beijing will find it more difficult to defend the isolated regime, analysts say.

• N. Korean nuclear blast probably less powerful than hoped for: Yale scholar