Must read: "Translating Zero Hedge: Your Wages Will Be Cut In Half"Excerpt: "... after the 2012 elections the Russians, the Chinese, Iran, Venezuela plus their clients states and a few other nations can and will force a devaluation of the dollar by refusing to accept Federal Reserve Notes in international trade. If Americans balk, China just has to dump a hundred billion dollars and buy commodities driving the price of food out of the reach of WalMart shoppers.
Currency wars have returned, and this time the world has little choice but to let the United States win. The Fed’s vow to keep U.S. interest rates near zero until 2013 heralds a prolonged devaluation of the dollar. For export nation... Read Post
TEHRAN, Iran (AP) — Iranian President Mahmoud Ahmadinejad says a decision by election overseers to disqualify his top aide from an upcoming presidential race is an act of "oppression" and he will take the case to the country's Supre... Read Post