Brazil president arrives in Beijing: Brazil's president has arrived in China for three days of talks expected to focus on broadening ties between two of the world's largest developing economies and moves to decrease their dependency on the US dollar. http://english.aljazeera.net/news/asia-pacific/2009/05/200951841033800562.html === China's yuan 'set to usurp US dollar' as world's reserve currency: The Chinese yuan is preparing to overtake the US dollar as the world's reserve currency, economist Nouriel Roubini has warned. http://snipurl.com/iad6q === In case you missed it: US Backing for World Currency Stuns Markets: US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund. http://informationclearinghouse.info/article22300.htm === Asia will author its own destruction if it triggers a crisis over US bonds: Japan beware, crashes have a habit of bringing regime change http://snipurl.com/iad7v === US prices fall most since 1955: Prices in the US fell in the year to April at the fastest annual rate since 1955, labour department figures showed on Friday, as declining energy prices pulled back the cost of living. http://www.ft.com/cms/s/0/854d81ce-40c1-11de-8f18-00144feabdc0.html?nclick_check=1 === General Motors follows Chrysler's route and shuts dealerships: GM is to close about 2,300 dealerships from its 6,000-strong US network as part of last-ditch plans to avoid bankruptcy. http://snipurl.com/iada4 === 100,000 Jobs At Risk: Industry crisis sees US car dealerships cut loose and left with nothing to sell: The shrinkage of General Motors and Chrysler's dealer networks is putting more than 100,000 jobs in doubt at car yards in towns and cities across America http://snipurl.com/iadbb more here: http://www.informationclearinghouse.info/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
