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Documents are largely from what is referenced by interesting films, Prison Planet/Infowars and the Corbett Report. This database is a quick reference and for your analysis, more independent from others' interpretations. The database includes almost all source documents and articles from these films: Loose Change (Final Cut & 2nd Edition), Fabled Enemies, The Obama Deception, End Game, Martial Law 9/11, American Dictators, Matrix of Evil, Zeitgeist: Addendum, Who Killed The Electric Car?, The World According To Monsanto, Mind The Gap, and 7/7 Ripple Effect.
Why the Dollar's Reign Is Near an End For decades the dollar has served as the world's main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here's why--and what it will mean for international markets and companies.
The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days.
Instead, it's the extent to which the market remains dollar-centric.
Consider this: When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter. Indeed, the dollar is virtually the exclusive vehicle for foreign-exchange transactions between Chile and Korea, despite the fact that less than 20% of the merchandise trade of both countries is with the U.S.
Chile and Korea are hardly an anomaly: Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars. What's more, what is true of foreign-exchange transactions is true of other international business. The Organization of Petroleum Exporting Countries sets the price of oil in dollars. The dollar is the currency of denomination of half of all international debt securities. More than 60% of the foreign reserves of central banks and governments are in dollars. (Wall Street Journal)
Libya protests: Oil prices rise as unrest continues Oil prices have risen in the UK and US after continued unrest in Libya and worries about the impact on the country's crude exports.
In London Brent crude rose by more than $2 a barrel to $108.5, before falling back to $105.78 a barrel.
In New York, US light sweet crude oil rose by $7.37 to $93.57 a barrel.
US shares also closed heavily down. Asian stocks had closed down, and European shares also fell before recovering by mid-afternoon. (BBC)
launched today at the World Urban Forum in Rio de Janeiro
is the Hong Kong-Shenhzen-Guangzhou region in China, home to about 120 million people. Other mega-regions have formed in Japan and Brazil and are developing in India, west Africa and elsewhere.
The trend helped the world pass a tipping point in the last year, with more than half the world's people now living in cities.
The UN said that urbanisation is now "unstoppable". Anna Tibaijuka, outgoing director of UN-Habitat, said: "Just over half the world now lives in cities but by 2050, over 70% of the world will be urban dwellers. By then, only 14% of people in rich countries will live outside cities, and 33% in poor countries."
The development of mega-regions is regarded as generally positive, said the report's co-author Eduardo Lopez Moreno: "They [mega-regions], rather than countries, are now driving wealth."
In a sample survey of world cities, the UN found the most unequal were in South Africa. Johannesburg was the least equal in the world, only marginally ahead of East London, Bloemfontein, and Pretoria.
Latin American, Asian and African cities were generally more equal, but mainly because they were uniformly poor, with a high level of slums and little sanitation. Some of the most the most egalitarian cities were found to be Dhaka and Chittagong in Bangladesh.
The US emerged as one of the most unequal societies with cities like New York, Chicago and Washington less equal than places like Brazzaville in Congo-Brazzaville, Managua in Nicaragua and Davao City in the Phillippines. (London Guardian)
Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies. (News.au.com)
Cash to become extinct as chips take off They told The Advertiser's round table forum that cash and cards will be replaced by computer chips embedded in mobile phones, watches or other portable devices (News.com.au)
China's Yuan Ambitions: Currency swap agreements are part of a larger plan to extend the Chinese currency's role in global trade. China is playing a growing role in discussions over solutions to current economic problems. Much of the talk has focused on money -- whether Premier Wen Jiabao's concerns about the value of China's U.S. treasury investments, or the People's Bank of China's paper floating the idea of a de-dollarized international monetary system. Up to now, one limit to China's ability to contribute to global monetary reform has been its own currency policy, particularly the fact that the yuan is not convertible. However, now there are tentative signs that's starting to change.
Beijing has signed currency swap agreements with six central banks: Hong Kong, Indonesia, Korea, Malaysia, Belarus and most recently Argentina. These swaps permit those central banks to sell yuan to local importers in those countries who want to buy Chinese goods. This is particularly useful for importers struggling to obtain trade finance as a result of the financial crisis. As such, it's consistent with China's desire to participate in the Group of 20's efforts to support trade financing.
China has long wanted its currency to play a more important role in the global financial system. These swap arrangements come in the context of that broader policy aim. The broader policy goal also has a more practical function in reducing currency exposure and transaction costs for Chinese exporters. The rise in the yuan's value relative to the dollar in early 2008 was a reason why some Chinese exporters went bankrupt. The ability to settle trade in yuan would reduce this risk in the future. (Wall Street Journal)
Battery grade, natural; battery grade, synthetic; chemical grade; ferro; metallurgical grade Guinea: Bauxite (Mine) South Africa: BAE Land System OMC, Benoni, South Africa Brown David Gear Industries LTD, Benoni, South Africa Bushveld Complex (chromite mine) Ferrochromium Manganese
Battery grade, natural; battery grade, synthetic; chemical grade; ferro; metallurgical grade Palladium Mine and Plant Platinum Mines Rhodium EAST ASIA AND THE PACIFIC Australia: Southern Cross undersea cable landing, Brookvale, Australia Southern Cross undersea cable landing, Sydney, Australia Manganese
Battery grade, natural; battery grade, synthetic; chemical grade; ferro; metallurgical grade Nickel Mines Maybe Faulding Mulgrave Victoria, Australia: Manufacturing facility for Midazolam injection. Mayne Pharma (fill/finish), Melbourne, Australia: Sole suppliers of Crotalid Polyvalent Antivenin (CroFab). China: C2C Cable Network undersea cable landing, Chom Hom Kok, Hong Kong C2C Cable Network undersea cable landing Shanghai, China China-US undersea cable landing, Chongming, China China-US undersea cable landing Shantou, China EAC undersea cable landing Tseung Kwan O, Hong Kong FLAG/REACH North Asia Loop undersea cable landing Tong Fuk, Hong Kong Hydroelectric Dam Turbines and Generators Fluorspar (Mine) Germanium Mine Graphite Mine Rare Earth Minerals/Elements Tin Mine and Plant Tungsten
Mine and Plant Polypropylene Filter Material for N-95 Masks Shanghai Port Guangzhou Port Hong Kong Port Ningbo Port Tianjin Port .... (US Department of State)
World gets together for peace Several million demonstrators took to the streets of Europe and the rest of the world on Saturday in a vast wave of protest against the prospect of a US-led war against Iraq (Indian Express)
Buried WTC gold returns to futures trade A fortune in gold trapped for seven weeks in the ruins of the World Trade Center officially returned to the global bullion trade Friday, but dealers had already closed the book on the tale of tragedy and buried treasure (Rediff)
Treasure found in World Trade Center rubble Over $230 million in gold and silver was recovered from a delivery tunnel beneath 5 World Trade Center Wednesday. Canada's Bank of Nova Scotia stored over $200 million in gold and silver in their vaults under the building (Reuters)
Crushed towers give up cache of gold ingots The Comex metals trading division of the New York Mercantile Exchange kept 3,800 gold bars 'weighing 12 tonnes and worth more than $100 million (£70 million)' in vaults in the building's basement (London Times)
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