Culture of Life News Thu 2010-05-20 16:57 EDT

Imbalances In World Trade Cause Tectonic Shifts In Power

Elaine Supkis

...Very, very soon, China will be the world's #1 oil buyer and shortly after this, the yuan will suddenly displace the dollar as the currency which determines the value of oil deals. Then, the yuan/dollar peg will vanish. And we better prepare for this day: it is INEVITABLE. We will suddenly find out where all those many trillions of US dollars are hidden in various foreign FOREX accounts and then hyperinflation will rage...for the US dollar, not the Chinese yuan...

Culture; imbalances; Life News; Power; World Trade Cause Tectonic Shifts.

Mish's Global Economic Trend Analysis Sun 2010-02-07 18:15 EST

Nonperforming Loans in China Rise to "Trillions of Renminbi"

Michael Shedlock

Inquiring minds are questioning the solvency of the Chinese banking system. Please consider China Defaulting Loans Soar, Insolvency Lawyer Says. Non-performing loans in China have risen into the ``trillions of renminbi'' because of poor lending practices, an insolvency lawyer said...The US, led by Hillary Clinton and president Obama, is putting enormous pressure on China to float the RMB, in expectation that it would rise and US exports would soar. I believe that if China floated the RMB on the Forex markets, it might crash.

China rises; Mish's Global Economic Trend Analysis; nonperforming loans; renminbi; trillion.

Culture of Life News Sun 2010-01-31 11:46 EST

US Dollar No Longer Main FOREX Currency

Elaine Supkis

A meteorite came crashing through the stratosphere on Tuesday. A reminder about what real danger is all about. The US dollar is breaking apart in the stratosphere, too. The FOREX holdings of all our major trade rivals is rapidly changing from sucking in US dollars to sucking in yen and euros. Both Japan and the EU hate this but can't stop it. As I predicted in July, 2007, the final result of the US, EU and Japan demanding China strengthen the yuan while not demanding Japan strengthen the yen, has led to this global shift in dollar holdings.

Culture; Dollar; Life News; Longer Main FOREX Currency.

Fri 2008-01-18 00:00 EST

Money Matters: Dr. Jekyll And Mr. Hyde Conspire To Destroy Us

by Elaine Meinel Supkis; Supkis predicts "IF JAPAN INTERVENES OPENLY TO WEAKEN THE YEN, CHINA WILL DUMP THEIR FOREX RESERVES OF DOLLARS ONTO THE OPEN MARKET AND TANK THE DOLLAR."

destroyed; Dr. Jekyll; money matters; Mr. Hyde Conspire.

Mon 2008-01-07 00:00 EST

Money Matters: Yen Rises, Nikkei Falls

by Elaine Meinel Supkis; "Thus is the inglorious end to globalization: the simultaneous attempt at kamikaze-inspired crashing of currencies into the flight decks of trade rivals."; Japanese use of forex reserves to weaken the yen caused the Asian currency crisis

money matters; Nikkei falls; yen Rises.

Sat 2008-01-05 00:00 EST

Money Matters: Japan Jumps The Shark--Nikkei Collapses

by Elaine Meinel Supkis; japanese forex reserves based on funny money supporting carry trade

Japan jump; money matters; Nikkei Collapses; Sharks.