Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.

Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.: "An instrument less discussed in mainstream analysis but with long-term implications for the viability of the US dollar as the universal reserve currency, can be gleaned from the fact that in 2009 China reportedly bought 454.1 tons of gold from its domestic market, which is equivalent to nearly 50% of the total purchases of 890 tons of gold made by the world's central banks last year."

Newsmax - Sir John Templeton’s Last Testament: Financial Chaos Will Last Many Years

Newsmax - Sir John Templeton’s Last Testament: Financial Chaos Will Last Many Years: "When Sir John Templeton passed away in July of 2008, we lost one of the greatest investment minds of our time.

But with great lucidity, in June of 2005, Sir John penned a memorandum to friends and family that is uncanny and prophetic in its vision of what would happen to the U.S. and global economy.

The first two words — so pithy yet so powerful — are bolded and highlighted on his original document. They read, simply: “Financial Chaos.”"

China ready to end dollar peg - Telegraph

China ready to end dollar peg - Telegraph: "At the annual session of the legislative National People’s Congress in Beijing, Zhou Xiaochuan, governor of the People’s Bank of China, said that the days of the “special yuan” policy were numbered. He described the dollar peg as a “temporary” response to the global financial crisis, but gave no timescale for any change in policy. The currency has been pegged at about 6.83 yuan per dollar since July 2008."

Start a Rothbardian Bankrun by Joseph T. Salerno

Start a Rothbardian Bankrun by Joseph T. Salerno: "Murray Rothbard never tired of pointing out that in a free society plain citizens could bring inflationary fractional reserve banks to heel through a deliberate and concerted campaign to get people to withdraw their deposits in cash. “Antibank Leagues,” as he called them, would be formed by those “who know the truth about the real insolvency of the banking system” to “urge bank runs.” The bank runs or their very threat would “be able to stop and reverse monetary expansion.”"

Arizona may get sky-high solar towers

Arizona may get sky-high solar towers

Miami Couple Accused of Scamming Cuban-Americans In $135 Million Ponzi Scheme // Current

Miami Couple Accused of Scamming Cuban-Americans In $135 Million Ponzi Scheme // Current: "The U.S. Securities and Exchange Commission has charged a well-known Miami business man and his wife with running a $135 million Ponzi scheme that used bogus real estate investments to swindle hundreds of wealthy Cuban-Americans living in South Florida."