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New York Fed Adds Another $97.9 Billion In Liquidity Yesterday – Concerns Grow of Year-End Financial Crisis 40% Of Fed’s Balance Sheet Reduction Wiped Out In Just 2 Months ◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive…

Courtesy of FMT News TOKYO: Prime Minister Dr Mahathir Mohamad says Malaysia is proposing a new currency based on gold, as this would be more stable than the current currency trading which is manipulative. He said the precious metal could be used to evaluate import and export activities among the East Asian countries. “We can…

KEY POINTS The U.S. dollar has been the world’s major reserve currency for decades, but that status could come under threat as “very powerful countries” seek to undermine its importance, warned Anne Korin, from the Institute for the Analysis of Global Security. Korin says China, Russia and the European Union are some “major movers” behind…