Offshore Finance

China Revalues the Yuan/RMB, Unpegging from the Dollar and Pegging to a Basket of Currencies

Today China revalued its currency, unpegging it from the US Dollar in favor of a basket of currencies including the Euro, US Dollar, Yes and other Asian currencies.

This is a much talked-about and anticipated event for world financial markets.

Already in the few hours since the revaluation, the USD to RMB ratio has gone from a previously stable 1 : 8.27 to 1 : 8.11, a change of 2.1 percent.

It will be interesting to see where it goes from here.

Here are a couple of articles on this topic:

China Broadcast: China Scraps Currency Peg to US Dollar

Washington Post: China Severs Its Currency's Link to Dollar

Charley Reese's View on Terrorism: Mostly Fertilizer

A Sovereign Society Offshore A-Letter led me to an article by Charley Reese on Lew Rockwell's website. The article, entitled "Mostly Fertilizer", provides an alternative view on terrorism from that of the mainstream media.

Here is a quote:

"Finally, I would remind you that mortality for our species is 100 percent. We're all going to die one way or another, so there is nothing a terrorist can do to us that isn't going to happen anyway. Do not live in fear. Do not let a bunch of opportunistic politicians, greedy entrepreneurs, burned-out Hollywood screenwriters and brain-deficient television people scare you into one minute of discomfort. The war on terrorism is 99 percent fertilizer."

Striking, indeed. If this piques your interest, read the full article.

I also recommend subscribing to the Offshore A-Letter.

Freedom Sites for Sovereign Living and Financial Privacy

I came across this link today while surfing about. It is a pretty good collection of links having to do with sovereign living, financial privacy and freedom.

http://sovereignandfree.com/links/freedomsites.html

Merry reading!

Sovereign Society, Financial Privacy and Offshore Asset Protection

The Sovereign Society has been helping people learn about financial privacy and asset protection for many years. Not only this, but they offer a free Offshore A-Letter with loads of interesting information about the latest changes and updates in the offshore world. There is a section on their site with the Offshore A-Letter Archives, where you can read the current and past letters. You can also sign up for free on their homepage. In addition, they provide quite a few free offshore resources to get people in the know about the issues of financial privacy.

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