Steve Quayle’s Alerts and Hot Headlines

Renminbi May Replace Dollar In Sino-African Trade: CHINA’s renminbi could replace the dollar as the main currency to finance trade between Chinese and African countries, research by Standard Bank shows. In a sign of China’s growing influence as Africa’s largest trading partner and investor, Standard Bank estimated that up to 40%, or $100bn, of China’s trade would be denominated in renminbi by 2015. This amounted to more than the total Sino-African trade last year, the bank’s Beijing-based economist Jeremy Stevens said in a research paper released yesterday. more

Illusion of Stable Currency Vortex: The Jackson Hole Conference was a dud. To the astute student observer, something happened never seen before. The US central bank chief admitted failure, if only people could properly interpret and translate his words of helplessness and disappointment. A more apt description was that USFed Chairman Bernanke used the forum to announce on stage that the central bank failed and is powerless to react to the current lapse into recession. more

Major Quake Strikes Off Alaskan Coast: An earthquake with a preliminary magnitude of 7.1 struck Friday off the coast of Alaska, the U.S. Geological Survey reported. The quake was 6.2 miles deep — a shallow tremor capable of causing damage. It struck, however, in a sparsely populated part of the Aleutian Islands. The epicenter was 120 miles from Atka, Alaska, the Geological Survey said. The quake prompted a tsunami warning for coastal areas of Alaska, from Unimak Pass, Alaska to Amchitka Pass, Alaska, the West Coast and Alaska Tsunami Warning Center said. more

Simulation Map of Cesium-137 Deposition Across the Pacific by CEREA Shows Contamination in US Greater Than That of Western Japan: France’s CEREA has the simulation map of ground deposition of cesium-137 from the Fukushima I Nuclear Power Plant accident on its “Fukushima” page. It not only shows Japan but also the entire northern Pacific Rim, from Russian Siberia to Alaska to the West Coast of the US to the entire US. According to the map, the US, particularly the West Coast and particularly California, may be more contaminated with radioactive cesium than the western half of Japan or Hokkaido. It looks more contaminated than South Korea or China. Canada doesn’t look too well either, particularly along the border with US on the western half. morego to archives