Euro's Sudden Fall from Grace Served the US National Interest
Sunday, November 20, 2011
Noda Provided Crucial Help to Obama's TPP Coup
Tokyo- (PanOrient News)
By Anthony Rowley
What a comeback! Earlier this a year, America appeared to be in real trouble, the dollar was seen to be on the skids as Congress tore itself apart over the budget deficit while US power projection in Asia and elsewhere looked to be crumbling along with the greenback. China was seen as the coming power whose time had come.
Then, things changed. Almost overnight, the euro went f...
Causes of the Renewed Financial Crisis Go Much Deeper
Thursday, August 11, 2011
By Anthony Rowley in Tokyo
Tokyo- (PanOrient News) Global financial markets are in turmoil again, just a couple of years after the US sub-prime mortgage triggered a global financial system meltdown. Why are financial crises coming in so thick and fast nowadays compared with the more leisurely pace of recent decades?
Does it have to do with the decision by rating agency Standard & Poor's (S&P) to downgrade its rating of US sovereign debt, or a worsening of the situation in the eurozo...
Gold's Ascent Mirrors Declining of Confidence in the Global Monetary System
Friday, July 29, 2011
By Anthony Rowley
Tokyo- (PanOrient News) Gold has been making headlines recently by rising to a record price (in nominal or non-inflation-adjusted terms) of US$1,600 or almost £1,000 an ounce. But the real story is in the groundswell of calls being made - and not just by a 'lunatic fringe' - for the global monetary system to revert to some form of gold standard.
Unlike his successor Ben Bernanke, who seems ready to go on printing dollars right to the bitter end, former US Federal Re...