The United States are to re-open a Cold-War era military base in Iceland amid deteriorating relations with Russia, the U.S. military have announced. The plans have been kept secret from the public and the Prime Minister of Iceland himself, until now. Sputniknews.com reports: “A lot of Icelanders are worried,” Paul Fontaine, news editor with the Reykjavik Grapevine, told Radio Sputnik.
Republican hawks are aflutter today over China’s installation of anti-aircraft missiles on Woody Island in the South China Sea.
But do these Republicans, good free-traders all, realize their own indispensable role in converting an indigent China into the mighty and menacing power that seeks to push us out of Asia?
Authored by Eric Zuesse,
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The stark truth is nobody wants yuan any more.
The U.S. dollar (USD) has gained over 35% against major currencies since 2011.
Submitted by Nick Giambruno via InternationalMan.com,
This definitive sign of a currency collapse is easy to see…
When paper money literally becomes trash.
Maybe you’ve seen images depicting hyperinflation in Germany after World War I. The German government had printed so much money that it became worthless. Technically, German merchants still accepted the currency, but it was impractical to use. It would have required wheelbarrows full of paper money just to buy a loaf of bread.