US Default Once Again Delayed , While Chinese Yuan Ready to void the US$


US Debt DefaultJNN 18 Oct 2013 Washingoton: President Obama and Congress have signed off on extending the debt ceiling through to February. The new legislation only temporarily solves the US budget dispute, begging the question if America will ever limit its borrowing. Continue reading

US Dollar Dominance days are over , The Default Currency of the World Could not save its Debt Default


US Govt Major Creditors 2010JNN 15 Oct 2013 New York : A US debt default could hit on Thursday, and world leaders are second guessing the dominant role America plays in finance. Regardless of the final decision in Washington, confidence and credibility in the US has already eroded. Continue reading

Already Bankrupt US Govt is going from Bad to Worse , with Political Appointees still enjoying at the cost of US Tax Payer


US President Barrak ObamaJNN 26 July 2013 Washington : The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals the main structural problems remain unresolved putting at risk the fragile recovery. Continue reading