Saturday, 4 July 2009


India Joins Russia, China in Questioning U.S. Dollar Dominance
Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars.

 Sweden Cuts Deposit Rate to NEGATIVE .25%


US Home Prices Seen Falling 40% Overall: Analyst
U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.


Cap and Trade and the Illusion of the New Green Economy
I don’t think Al Gore in his wildest dreams could have imagined how successful the “climate crisis” movement would become. It is probably safe to assume that this success is not so much the result of Gore’s charisma as it is humanity’s spiritual need to be involved in something transcendent – like saving the Earth.

 Will Obama’s “Clean Energy Corps” Perform Mandatory Home Inspections?

Missouri National Guard Train to Kill “Militia Insurgents” in Exercise
The Missouri National Guard is training to engage in combat with “militia” groups, according to the News Tribune. The two exercises serve as prime examples of an orchestrated attempt by the government to train soldiers to militarily confront domestic “militia” groups