• SLOW BUT SURE DEATH FOR THE U.S. DOLLAR? CHINA AND RUSSIA GETTING OUT OF GREENBACKS CONTROL | Malaysia Chronicle
    Apr08

    SLOW BUT SURE DEATH FOR THE U.S. DOLLAR? CHINA AND RUSSIA GETTING OUT OF GREENBACKS CONTROL | Malaysia Chronicle

    Source: Malaysia Chronicle Two years ago, ICBC, the largest and most valuable bank in the world by total assets and market capitalization, was planning to open a clearing bank in Russia for trade settlements in Yuan (Renminbi) and Rubles. ICBC’s business involvement include electricity, mining, chemical, oil and gas, telecommunication, retail, machinery and metallurgy sector in Russia. It makes perfect sense to get rid of US dollar....

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    The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent | The Economic Collapse
    Sep25

    The Bank For International Settlements Warns That A Major Debt Meltdown In China Is Imminent | The Economic Collapse

    The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. By Michael Snyder The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China.  Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history.  At this point the total value of all...

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    What One Million Recently Fired Chinese Coal And Steel Workers Are Doing Now | Zero Hedge
    Jul23

    What One Million Recently Fired Chinese Coal And Steel Workers Are Doing Now | Zero Hedge

    If indeed millions of workers have already been fired, then what are these recently laid off workers doing, and why have they not rioted as Beijing, is so terrified they will? We now know the answer. By Tyler Durden Having followed China’s biggest risk with great interest for the past year,  which incidentally is not its $36 trillion in debt, nor its defaults, its zombie companies, its ponzi “wealth products”, its...

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    “China Is Headed For A 1929-Style Depression” | Zero Hedge
    Jul05

    “China Is Headed For A 1929-Style Depression” | Zero Hedge

    “The government is allowing speculation by providing cheap financing,” Andy Xie exclaimed, China “is riding a tiger and is terrified of a crash. So it keeps pumping cash into the economy. It is difficult to see how China can avoid a crisis.” Authored by Sue Chang via MarketWatch.com, Andy Xie isn’t known for tepid opinions. The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade ago...

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    GlaxoSmithKline fined nearly half a billion dollars for criminal bribery of doctors and hospitals in China
    Mar09

    GlaxoSmithKline fined nearly half a billion dollars for criminal bribery of doctors and hospitals in China

    GlaxoSmithKline fined nearly half a billion dollars for criminal bribery of doctors and hospitals in China By L. J. Devon, Staff Writer (NaturalNews) China has just dished out the biggest fine in the history of their country, and it’s being slapped down on one of the biggest pharmaceutical companies in the world. GlaxoSmithKline, the British pharmaceutical giant that medical authorities trust in around the world, is now being...

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