Chinese Yuan taking Over , as the Dollar Dies Slowly and Gradually

US dollar vs China yuanJNN 31 May 2013 New York : Though the US dollar continues to reign as the foreign reserve currency of choice, a new International Monetary Fund analysis shows that the currency has slumped to a 15-year low, heightening concerns that it may lose that status. Continue reading

US trade deficit widens 16% to hit $48.7 billion, While US Govt will default on its debt by March

Dollar Going Down in FlamesJNN 12 Jan 2013 Washington D.C : US Commerce Department says the country’s trade deficit widened by 16 percent to reach USD48.7 billion in November 2012 after a rise in the imports of consumer goods. While A new official report predicts that US government will default on its debt before March 2013. Continue reading