Medical Marijuana Magazine
Posts tagged Euro
China Favors Euro Over Dollar as Bernanke Alters Path
China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S.
The nation has been buying “quite a lot” of European bonds, said Yu Yongding, a former adviser to the People’s Bank of China who was part of a foreign-policy advisory committee that visited France, Spain and Germany from June 20 to July 2. Japan’s Ministry of Finance said Aug. 9 that China bought 1.73 trillion yen ($20.1 billion) more Japanese debt than it sold in the first half of 2010, the fastest pace of purchases in at least five years.
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Global Elites Struggle to Keep EU, Euro Intact
Jul 5th
Bilderberg members pushed hard in a frantic attempt to save the euro during the recent weekend-long economic summit in Toronto, but this action was ignored by the major media, which is under control of the secret group of international financiers and political czars.
“As the euro faces a challenge like none before, the question is whether it will last,” wrote Neil Irwin of the Bilderberg-controlled Washington Post way over in Frankfurt, Germany, as heads of state were gathering in Ontario, Canada’s largest city.
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Iran To Dump 45 Billion Euros For Gold Bullion & Dollars
Jun 2nd
Gulf states also begin to flee from collapsing single currency The Central Bank of Iran is set to dump a whopping 45 billion euros in exchange for gold bullion and dollars as Gulf states also prepare to flee from the ailing single currency amidst debt turmoil in Europe that threatens to disintegrate the entire region.
According to the Iranian state website Press TV, Iran’s central bank has already begun converting its euro reserves into gold and dollars as a response to the “downward spiral” of the euro, in the first of a three phase movement to flee from the currency.
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Euro rescue package ‘just buys time’
May 17th
A trillion-dollar package to shore up ailing eurozone economies merely buys time until the deficits of certain members of the 16-member zone are cleaned up, German Chancellor Angela Merkel said Sunday.
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Euro Falls to Lowest Since Lehman as Breakup Concern Increases
May 14th
May 14 (Bloomberg) — The euro fell to its lowest level since the collapse of Lehman Brothers Holdings Inc. on concern that the 16-nation currency may be headed for disintegration.
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