AGE OF MULTIPOLAR CURRENCY WARS. Part II

What do conspiracy theory fans keep silent about?

“Washington consensus” was violated at the place of its invention. Motherland of the free market is willing to live up to its laws. Somehow, Dominique Strauss-Kahn and Muammar Gaddafi happened to fell victims to Washington attacks. What do these two contrary persons have in common and why did they fell out of the United States favor?

AGE OF MULTIPOLAR CURRENCY WARS. Part I

The USA and the EU demand China to revalue Yuan, but the Chinese authorities deny this request, stating that this will lead to bankruptcy of Chinese enterprises and, accordingly, to the growth of unemployment and social instability, which Beijing afraid even more than the discontent of its trade partners. As a counter-thesis in the debate with the USA, China presses the charges of uncontrolled emission of the U.S. dollars, which, according to the PRC, provoked the imbalance of the world economy.

WHAT IS GLOBAL FINANCIAL STABILITY FOUNDED UPON? Part I

Arrest of IMF Managing Director Dominique Strauss-Kahn in New-York has crumbled euro and put the financial aid programs for European countries that fetched themselves in a severe economic situation at risk. It is unknown, whether 62-year-old politician and financier is actually guilty of the things he’s accused of, but the financial consequences of his arrest are on hand. Assuming that Strauss-Kahn, known for his playboy adventures, actually did what he was charged with, that might the most costly liaison in the world. So what kind of global financial order is it, if it can be ruined by a sudden testosterone attack of an aging Frenchman?