By Chris Hedges
This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful... (click on title link)
From The Times (UK)
June 15, 2009
World Agenda: Looking to the future without the West
US cities may have to be bulldozed in order to survive Uk Telegraph
By Tom Leonard in Flint, Michigan
Published: 6:30PM BST 12 Jun 2009
Dozens of US cities may have entire neighbourhoods bulldozed as part of drastic "shrink to survive" proposals being considered by the Obama administration to tackle economic decline.
Update 4:30 PM 6/17/2009
China, Russia sign five-point joint statement
www.chinaview.cn 2009-06-18 05:26:55
BRICs Don't Flee The Dollar
Paul Maidment, 06.17.09, 11:30 AM EDT
The dollar's reserve currency status remains unchallenged, despite rhetoric.
Bric in search of elusive common cause
..."Do not expect any short-term initiatives with respect to the dollar," said Roberto Mangabeira Unger, Brazil's minister for strategic affairs, backing that position. "No one wants to say things or do things that would increase volatility in the ... crisis."
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