Welcome back Gaiaman,

Yes indeed, we are watching the world change in amazingly fast fashion as this subprime fiasco works its way through the world's financial system. It is very obvious, especially to those who watch the finance world, how utterly dependent our economy is - on the Central Banks' financial shenanigans and con jobs - which pass for "responsible stewardship". And all of this in order to maintain this silly consumerist economy that powers the global economic system. The slow collapse looks to be under way. The other GLP threads are documenting it step by step.

And China has started threatening to ditch the dollar - in response to amazingly obtuse threats from the US about tariffs. And with 1.3 TRILLION in reserves - they can do so singlehandedly. I don't see how Russia could have much of a dollar market impact though. But perhaps they will undercut the US in some other fashion.

Still thought that Syria would be invaded by the US by now, triggering an Iranian attack on US forces in Iraq - setting off the global Jihad. Is this still foreseen?

Best Regards,

Shanghai Expat