World stock indexes fell sharply again the week ending 23rd February, down 6-7% on average.
Gold bumped up against the $1000 barrier on Friday as it became clear that all countries are prepared to go deeply in debt to stimulate their economies and to bail out their banks.
In the background of the economic news there have been some significant moves on the world chessboard. The United States is
moving closer to Russia and Iran while escalating the war in Pakistan and Afghanistan. Russia will now formally allow the United States to resupply their forces in Afghanistan through Russian controlled territory. US diplomatic overtures to Iran continue although the
UK Financial Times and other mainstream sources
continued to bang the Zionist inspired nuclear weapons drum.
China and the United States are as close as can be economically and neither side seems to need to deny it.
China has the productive capacity and the money and the United States has the borrowers, the consumers, and the international police force. The United States, with Secretary of State
Hillary Clinton's visit to China, has ended the hypocritical ritual of "denouncing" Chinese human rights violations. It looks like the world powers are joining forces to institute
the next step of the plan. Meanwhile a new overtly fascist government has been formed in Israel by the right-wing schemer, Netanyahu; an event that does not bode well for humanity.
