It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
For the full 2008 fiscal year ended Jan. 31, Wal-Mart earned $12.73 billion, or $3.13 a share, up from $11.28 billion, or $2.71 billion, a year earlier. Net sales rose 8.6 percent to $374.53 billion from $344.99 billion a year ago. Overall revenue rose to $378.80 billion from $348.65 billion a year ago.
Russia and China wont cope without US dollar
Despite calls for less reliance on the Dollar, Russia and China will have to trade and keep reserves in USD for the foreseeable future says Walter Lohman, Director of The Heritage Foundation's Asian Studies Center.
Russias Kurdin Signals No Alternative To US Dollar - Bloomberg
WASHINGTON (Reuters) - The United States aims to draw China more fully into helping reshape the global economy by broadening bilateral economic talks to include diplomatic issues and so recognize Beijing as a more equal partner in world affairs.
"We need to have a frank discussion with the Chinese and they need to prepare for a new U.S. economy and a new global economy," a senior U.S. Treasury official told reporters on Thursday. He said the new reality was one in which the U.S. economy recovers slowly and consumers no longer spend freely.
REBALANCING COMING, LIKE IT OR NOT
"Both U.S. and Chinese policy-makers seem to underestimate how difficult the transition is going to be for China, and how vulnerable China is to the speed with which the U.S. adjustment in net consumption takes place," he said.
He warned, however, that China and the United States have fallen into an unhealthy economic dependency that will be exceptionally hard to correct.
"It's like two drunks leaning on one another in a bar -- we reinforce one another's worst instincts because we continue to borrow from them and they keep expanding exports and lending money to us to buy them," he said. "It's extremely hard for either to stop."
Originally posted by ChemBreather
reply to post by warrenb
Your neighbour, your friends who rediculed you whilst you saw it coming and prepared your self and your family.
They will blame you for not warning them and try to take your stash, sad but true !!
Originally posted by dooper
Right now they mine a lot of gold every year. And none, not one ounce leaves the country.
Originally posted by uspatriot109
You will have to have a wheelbarrel full of money to get a loaf of bread.
Simplest way I can explain it.
Originally posted by jprophet420
I'm not really worried as we feed them and only take dollars. Thats a common oversight that paranoids make. When we start taking euros and yen for our wheat and corn ill be worried.
Originally posted by GreenBicMan
reply to post by Ex_MislTech
Interesting.. and who really is the IMF?
Its the same thing except on a more global level IMO
Originally posted by GreenBicMan
Originally posted by burntheships
reply to post by GreenBicMan
No he is not "retarded"...that is Karl Denninger.
You may not agree with him, but I would venture to say he has extensive experience that far outweighs yours.
Name calling...bad taste.
I have seen some of his quotes about how the bond market was going to crash etc... all garbage.
And if you can tell me in any fashion how a market that moves tick by tick every second could be construed to be front running trades in front of the DX?
It is impossible.
Sorry, if ANYONE can refute me I will delete my name and never come back on this board. I swear.
Originally posted by SLAYER69
reply to post by GreenBicMan
BoCom’s Zhang Says Yuan Won’t Oust Dollar in a Decade (Update1)
“We can’t force our clients to use a certain currency for trade settlement,”
Dollar’s Dominance
“The U.S. dollar will remain as the world’s major reserve and trade currency for a long time,” said Zhang. “It would be quite good if yuan trade can account for 20 percent of the total foreign trade of China in the imaginable future.”