Entries from June 2009

Monday, June 15th, 2009

Everybody Wants to Rule the World $USD $CNY $CEW BRIC

The leaders of these countries: Russia, China, Kazakhstan, Tajikistan, Kyrghyzstan and Uzbekistan will be meeting for two days (June 15-16) in Yakaterinburg, Russia (see map) to create strategies of interdependence that expressly avoid usage of the U.S. Dollar. The reason? Their respective concentrated financial exposure to a recently ridiculously weak U.S. currency exceeds existing risk tolerance.
There is special word to describe a powerful entity that oppresses and controls [...]

More on this topic (What's this?)
Will Russia create the next Sillicon Valley??
The Russian Bear Awakens
Read more on Investing in Russia at Wikinvest

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