Monetary tightening by China creates scare among ruthless traders in the currency and commodity pits
Solarz Subedar
Feb. 12, 2010

US dollar soared, and equities and commodities fell back. Beijing announced it was raising banks’ reserve requirements by another 50 basis points in order to rein in exploding credit bubble. The rampant lending by China since the Lehman Brothers failure and American financial collapse has created the biggest credit bubble ever. It may be too late for the Asian tiger economy to tackle such huge bubble.

The European Union’s promise to stand by Greece would deliver a period of relative market calm cam to an end with Chinese announcement.

America racing for a record in bank failures: 2 more US banks fail, year's total at 22
Rateo Salzar
The Federal Deposit Insurance Corp said Rainier Pacific Bank in Tacoma, Washington, was closed. Carson River Community Bank in Carson City, Nevada, also was closed.
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Ron Paul may be the next US President - America needs a true conservative that will fight and win for American people
Sunita Chauhan
Enough of George Bush, Clintons, and the same old Washington money game by American corporates and special interests. It is time for a true American conservative to deliver for America and American people.
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The tale of Goldman Sachs helping Greece arranging a currency swap that allowed the government to hide the extent of its deficit
Tania Harding
American investment banker Goldman Sachs lied and manipulated Greece's extent of deficit - the shame of American financial systems and mega institutional money power.
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German economic stagnation halts European growth
Kirirt Rashma
Gross domestic product in the euro region rose 0.1 percent from the third quarter, when it gained 0.4 percent, the European Union’s statistics office in Luxembourg said today.
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Monetary tightening by China creates scare among ruthless traders in the currency and commodity pits
Solarz Subedar
US dollar soared, and equities and commodities fell back. Beijing announced it was raising banks’ reserve requirements by another 50 basis points in order to rein in exploding credit bubble.
READ MORE>>

Democrats scrapped a bipartisan jobs bill in favor of one solely for American people, invites Republican special interest to dare vote against it
Sunita Chauhan
America finally taking a turn on the democratic side. Finally someone is standing up to Fox News and Republican bullies in favor of common people in the main streets of America.
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Chinese credit mega bubble ready for implosion
Paula Rabke
Chinese banks extended more credit in anticipation the government will tighten monetary policy pushing lending to $203 billion in January. The property prices are highest in two years.
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UK is pushing for a global bank tax , will America agree to punish the ruthless incapable bankers?
Kirirt Rashma
British Prime Minister is pushing for a global banking tax in the G20. The million dollar question is : Will President Obama agree or will special interest banking agents in Washinton DC win again?
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