Meltdown: stock market in free fall

Mike Kosares: THE MORNING AFTER THE OPEN-ENDED BAILOUT (August 11, 2007)
This time it IS different.
In past financial bailouts, the destruction was limited to one or two institutions. A group was put together in the private sector, or the central bank stepped in, and the troubled entity was bailed out.
When the Federal Reserve, the European Central [...]

Iran wants yen, not dollars

Iran Wants Yen from Japan not the U.S. $ for Oil  
At the heart of the global monetary system lies the use of the U.S.$ as the currency used to pay for the globe’s oil. Any change in that role has a disproportionate impact on the importance of the $ as well as its value relative [...]