By Michael Wei and Benjamin Kang Lim
China will gradually make the yuan’s exchange rate more flexible, the central bank said on Saturday a week before a G20 summit, strongly suggesting that it was ready to break the currency’s 23-month-old dollar peg.
However, it all but ruled out a one-off revaluation or major appreciation, saying there was “no basis for big fluctuations or changes” in the exchange rate.
Continue reading Dollar Peg is Dead as China Announces Yuan’s Flexibility
By Joe Weisenthal and Rob Wile
One of the speakers at this week’s Big Picture Conference was David Rosenberg, the famously bearish chief economist of Canadian wealth management firm Gluskin-Sheff.
R…
By Catherine Austin Fitts
Two groups of people who are uniquely qualified to help protect American citizens from the lawlessness of the powerful and wealthy, including operating through the federal g…
Penumbral Lunar Eclipse February 9, 2009
A penumbral lunar eclipse will take place on August 6, 2009, the third of four lunar eclipses in 2009. The moon’s small entry into the earth’s penumbral shad…
The Facts Behind The Superstorm QuickWatch Monitor
Unknown Country
Got an iPhone? There’s an App for Hacking That
Technology Review (5 Aug 10)
North of Chile, Land of Telescopes, Preparing to Promo…
To understand the political issues that determine the rise and fall of New York Attorney Generals and Governors such as Eliot Spitzer, it is helpful to map the financial flows in New York and how they…