China’s current situation:
In recent weeks China’s once unstoppable economy has slowed sharply. Export growth, one of the main contributors to China’s expansion over the past decade, has receded and seems likely to reduce overall growth next year, according to the World Bank. The stock market is in the doldrums and property values in many [...]
The US Secretary of the Treasury has informed the China Development Bank that the US has shipped $800 Billion of a new currency called the Amero, which is to be based upon the merging of the economies of The United States, Mexico and Canada into what is termed as The North American Union.
The current American debt obligation [...]
China looks to the Near West
Commentary: Having been burned in the U.S., China goes to Europe
By MarketWatch
NEW YORK (MarketWatch) — China Development Bank is in the position U.S. banks
were in a few years ago: seizing upon weakness overseas.
CDB (CDBZY) is readying a bid to buy a stake or more in Dresdner Bank AG,
according to reports. [...]
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