Thursday, December 25, 2008

WRITE-OFF

Season's Greetings to you. Thanks for reading our blog.


1. The dollar may lose 40% of its value.

There is a suggestion that the USA should not pay back the vast sums it has borrowed from Japan to pay for its wars and other excesses.

"Japan should write-off its holdings of Treasuries because the U.S. government will struggle to finance increasing debt levels needed to dig the economy out of recession, said Akio Mikuni, president of credit ratings agency Mikuni & Co.

"The dollar may lose as much as 40 percent of its value to 50 yen or 60 yen from the current spot rate of 90.40 today in Tokyo unless Japan takes “drastic measures” to help bail out the U.S. economy, Mikuni said. Treasury yields, which are near record lows, may fall further without debt relief, making it difficult for the U.S. to borrow elsewhere, Mikuni said." - Japan Should Scrap U.S. Debt; Dollar May Plummet, Mikuni Says

2. The US economy is still in deep trouble:






3. Some people in the Indian government seem to be trying to start a war.
Mixed Signals From India On War Prospects

4.
TVA dike break - Tennessee's Exxon Valdez


5. Top 25 Censored Stories for 2009

#1. Over One Million Iraqi Deaths Caused by US Occupation
# 2 Security and Prosperity Partnership: Militarized NAFTA
# 3 InfraGard: The FBI Deputizes Business
# 4 ILEA: Is the US Restarting Dirty Wars in Latin America?
# 5 Seizing War Protesters’ Assets

# 6 The Homegrown Terrorism Prevention Act
# 7 Guest Workers Inc.: Fraud and Human Trafficking
# 8 Executive Orders Can Be Changed Secretly
#9 Iraq and Afghanistan Vets Testify
# 10 APA Complicit in CIA Torture

# 11 El Salvador’s Water Privatization and the Global War on Terror
# 12 Bush Profiteers Collect Billions From No Child Left Behind
# 13 Tracking Billions of Dollars Lost in Iraq
# 14 Mainstreaming Nuclear Waste
# 15 Worldwide Slavery

# 16 Annual Survey on Trade Union Rights
# 17 UN’s Empty Declaration of Indigenous Rights
# 18 Cruelty and Death in Juvenile Detention Centers
# 19 Indigenous Herders and Small Farmers Fight Livestock Extinction
# 20 Marijuana Arrests Set New Record

# 21 NATO Considers “First Strike” Nuclear Option
# 22 CARE Rejects US Food Aid
# 23 FDA Complicit in Pushing Pharmaceutical Drugs
# 24 Japan Questions 9/11 and the Global War on Terror
# 25 Bush’s Real Problem with Eliot Spitzer

6. Why are the happiest people the poorest people?


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