Rome Once again falling Down – US Federal Government Shutdown an Indicator for Dependents Economies


US Federal Govt. Shutdown No FundsJNN 3 Oct 2013 WASHINGTON  — The ongoing partial federal government shutdown and fiscal uncertainties are dampening American economic recovery, and a default on U.S. debt payments would have “immediate and substantial” negative effects on the country’s economy that would be difficult to quickly reverse, said David Stockton, a senior fellow at the Peterson Institute for International Economics (PIIE). Continue reading

China’s Yuan ready to over ride the US Dollar Hegemony


JNN 21 Nov 2012 Beijing : China’s official currency yuan is set to rise to the status of an international currency as more nations abandon the US dollar to peg their currency to the Chinese yuan, a new report says. Continue reading