Tag Archives: trade

Secret TPP agreement exposed by Wikileaks, 40% of global GDP

Wikileaks TPP

Details of a highly secretive, multi-national trade agreement long in works have been published by WikiLeaks, and critics say there will be major repercussions for much of the modern world if it’s approved in this incarnation. The anti-secrecy group published on Wednesday a 95-page excerpt taken from a recent draft of the …

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Dollar collapse: 7 of 10 Asian countries turn to yuan

USD Dollar Yuan money

A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China’s successful bid to internationalize its currency, a research report has said. The Peterson Institute for International Economics, or …

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Currency wars: China threatens bond attack on Japan


A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/Diaoyu islands in the East China Sea. Jin Baisong from the Chinese …

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What is wrong with the Trans Pacific Partnership (TPP)?


Trans Pacific Partnership: corporate escape from accountability Information has been leaked about the Trans Pacific Partnership (TPP), which is being negotiated in secret by US Trade Representative Ron Kirk. Six hundred corporate “advisors” are in on the know, but not Congress or the media. Ron Wyden, chairman of the Senate …

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Russia officially joins World Trade Organization

President Putin signing WTO bill

Russian President Vladimir Putin has signed the bill ratifying the county’s entry to the World Trade Organization (WTO) after almost two decades of negotiations. The Kremlin press office announced the decision on Saturday, saying this concludes more than 18 years of intense negotiations. The lower house of parliament, the State …

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Japan and China to start direct currency trading on Friday

currency trade

Japan and China will start direct currency trading this week, Tokyo said Tuesday, the first time Beijing has let a major unit other than the dollar swap with the yuan. The move, which will scrap the greenback as an intermediary unit, comes as China introduces measures as part of a …

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China can now monetize US debt directly

USD YUAN Renminbi currency

The Treasury, apparently dissatisfied with the speed of indirect bank and/or Fed-inspired monetization of its exponentially rising debt-load at ever-cheaper costs of funds, decided in June 2011 to allow the Chinese, with their equally large bucket of USDs to bid directly for US Treasuries. As Reuters reports, China can now bypass Wall …

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