First Russia, then China, now U.N.? Powers of the world move to ditch the dollar …Puru Saxena on why the Fed secretly wants inflation… the more the better…The 5 examines the future of energy… from deep-water drilling to “polywell fusion”… Another government biz on the verge of collapse… one that will affect us all… Plus, some good housing news, maybe… home prices retreat to historic range

“A new global reserve system,” a panel of United Nations economists declared yesterday, “could contribute to global stability, economic strength and global equity.”

We begin with this today not because the U.N. is saying anything revolutionary, but because the global chorus to ditch the dollar is quickly becoming deafening. The Kremlin last week, China’s central bank earlier this week, Tim Geithner yesterday and now this… a U.N. panel led by an American no less.

There is “a growing

...

Originally incorporated in the U.K. in 2003, Index Oil and Gas Inc. is an early stage oil and gas exploration and production company. Trading on the OTCBB, they have a current market capitalization of $34.32 million. The company has their head office in Houston, Texas, as well as an office in Bath, England. Their oil and gas prospects are in Texas, Louisiana, and Kansas.

In 2007, Index successfully focused on lower risk properties to build reserves and near term cash flow. For fiscal year 2008, Index focused on a balanced and risk-managed portfolio of prospects. The goal was to increase their reserves and production, and their efforts did pay off. Fiscal year 2008 saw the company’s revenue up 273 percent over the previous fiscal year. In addition, production was up 255 percent and reserves were up 100 percent in fiscal year 2008.

The company’s new stage of development is higher-impact wells comprising

...