« Bond Insurers Are Going Bankrupt Now | Main | Much More Than Trillion Dollars Flowed Into Chinese Corporations In ONE DAY »



Some of the money is coming to Australia:


The Australian Nufarm's $3bn chemchina deal makes it a global pesticide leader
The Australian - 1 hour ago
PESTICIDE maker Nufarm has endorsed a $3 billion bid from China's state-owned chemical company to combine their crop protection interests into the biggest producer of its type in the world.
Chinese lead $3b bid for Nufarm Sydney Morning Herald
Chinese move on Nufarm opens a two-way street for Australian ... The Age
Reuters.uk - Financial Times - Reuters - Bloomberg
all 85 news articles »

This is a new twist to an old Australian game. Perhaps in the future we will have Chinese accents in management roles, rather than the American accents which have become common of late.

Elaine Supkis

Most likely. I had to rush out today and the article here isn't very comprehensive.

The Trillion dollars for PetroChina is an amazing event. Very amazing. It is a Sign. One that matters a lot. We just saw the flow of global money change direction, totally. This is it: the doomsday I have worried about.


Here's another sign:

New low for the dollar as top-paid model demands her fees in euros

Supermodels, according to modern legend, once refused to get out of bed for less than $10,000 a day. Now, the world’s wealthiest catwalk queen has taken that maxim a step further - by demanding that, when the bulging pay packet does fall into her designer-clad lap, it is not denominated in dollars.

Gisele Bündchen, the 27-year-old Brazilian who is the face of more than 20 brands worldwide and is reported to have a personal fortune of $150m (£72m), has said she wants to be paid in euros for fear that the US currency will continue to weaken amid turmoil in the financial markets. Her concerns follow warnings about the dollar from the American billionaire Warren Buffet and the banker Bill Gross.


Wichita lineman

I have nothing but praise for what you write, but what to do Elaine?

After bitching for years, I finally have people/family coming to me wondering what they can do, and it's pretty scary.

The ultimate question/soul searching for all of the doomers among a sea of 'coming around' pollyanna's.

'Doesn't matter at this point' is my real answer, although I don't have the heart to say it out loud.

Elaine Supkis

Perparing for the future means thinking ahead. When Gore talked about the future, everyone in the media mocked him and voters were told, we could have TAX CUTS! And party.

When we all declared war on Islam after 9/11, Bush told us to GO SHOPPING. And taxes were cut! And interest rates cut to 1%!

Where were the protests over that?

Now we must face the storm. Millions of Americans are rapidly moving savings to foriegn shores and this dooms the USA. I cannot in good conscience tell everyone to sell out and depart this nation, this is my home for hundreds of years. I believe in fighting back.

Instead of fleeing with the loot, everyone should join my calls for arresting the executives from Goldman Sachs who run our finances and our government. And arrest Bush and arrest any triators in Congress serving a certain small nation in the Middle East.

They are traitors.

umskpjdvo dokwlruy

fahwjocxr gywbafjne qdnuow tdyojis cuijfph cupfg gytzcuiva

Jeff from Silver Coast Finest

We are still negative on the dollar relative to most other major currencies, so we bought stocks in companies that earn their money in other currencies

The comments to this entry are closed.

Blog powered by Typepad