Finance, Forex and Investments

Based On This Paper By Prof. Michael Hudson: Which Is More Likely?

'De-Dollarization: Dismantling America’s Financial-Military Empire: The Yekaterinburg Turning Point' By Prof. Michael Hudson Global Research, June 13, 2009 The city of Yakaterinburg, Russia’s largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too – and not only where US U-2 pilot Gary Powers was shot down in 1960, but where the US-centered international financial order was brought to ground. Challenging America will be the prime focus of extended meetings in Yekaterinburg, Russia (formerly Sverdlovsk) today and tomorrow (June 15-16) for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization (SCO). The alliance is comprised of Russia, China, Kazakhstan, Tajikistan, Kyrghyzstan and Uzbekistan, with observer status for Iran, India, Pakistan and Mongolia. It will be joined on Tuesday by Brazil for trade discussions among the BRIC nations (Brazil, Russia, India and China). The attendees have assured American diplomats that dismantling the US financial and military empire is not their aim. They simply want to discuss mutual aid – but in a way that has no role for the United States, NATO or the US dollar as a vehicle for trade. US diplomats may well ask what this really means, if not a move to make US hegemony obsolete. That is what a multipolar world means, after all. For starters, in 2005 the SCO asked Washington to set a timeline to withdraw from its military bases in Central Asia. Two years later the SCO countries formally aligned themselves with the former CIS republics belonging to the Collective Security Treaty Organization (CSTO), established in 2002 as a counterweight to NATO. You can read it in totality here: http://www.michael-hudson.com/ 1) We should start cashing out all assets and converting to Yuan (or something else)? 2) We should be packing our bags and fleeing our homeland? Both? Neither? What do you think? And why? Pinnocchio... Considering I graduated over 3 decades ago, I appreciate the hell out of that. But nice way to get out of dong YOUR political homework :-p LOL.

Public Comments

1. Im not doing your homework for you
2. We still have nukes.
3. People who think "the markets will bounce back UP" are fooling themselves. america has dug itself a deep hole with military overreaching and overspending; with ignoring our infrastructure; with making enemies all over the planet; and allowing our education system to cater to the most ignorant. The selfish bubble of re-writing adjustable-rate-mortgages based on inflated appraisals was only the beginning of our end.
4. You should be buying gold...in fact you may have even missed the boat on Gold. I started buying it after 9/11. It was $300 an ounce then. It's $1,000 an ounce now. And there's republicans here who call me stupid. ROFL!! I sure as sh!t didn't hold any GM stock.Bet there's a few of them can't say that!
5. you might try reading some of chalmers johnson's books
6. I think we have enough problems here on our own soil before we start worrying about what happens elsewhere. Playing the role of world police has gotten us into a major dilemma. Heavy lies the crown.