Posts Tagged ‘central banking’

News and views from around the web posted to the Wonderland Wire:

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Greek democracy—a very loooong history, a very short future.

What is next for them—and us (17:40):

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via the London Telegraph: “The head of China’s central bank has given the strongest signal yet that the country will move away from pegging its currency to the dollar, but he said any changes would be gradual.”

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On ABC’s “This Week with George Stephanopolous”, George Will of The Washington Post points to India’s recent run on the dollar as an indicator for a coming fall in the subjective greenback in favor of “other better stores of value”. Veteran White House correspondent for ABC, Sam Donaldson, says if that’s the case, “then, we’d better throw Ben Bernanke and the Fed out… Let’s get rid of them now before they do further damage.” (2:13):

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This morning, gold hit a new high nearing $1,070/oz. showing the  U.S. dollar ‘reaching a breaking point’ as it hits another new 14-month low.

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Great article by Simon Schama in the Financial Times weekend section on American presidents battling with banksters. Read the full article. You can ignore the last paragraph. Anyone semi-literate knows that making money “moral again” won’t happen with this president. (more…)