Beginning of major world crisis?, page 2
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reply posted on 22-2-2006 @ 12:49 PM by DontTreadOnMe
An excellent speech was deliever by Rep. Ron Paul earlier this month before the US House.
Not knowing much of the history of the money supply in this country, I read the whole speech and wondered how I missed all of this! Of course, pre-internet it was harder to get info...
Anyway, this is a GREAT read and a must of those who need a quick course in the dollar:
www.house.gov...

Since printing paper money is nothing short of counterfeiting, the issuer of the international currency must always be the country with the military might to guarantee control over the system. This magnificent scheme seems the perfect system for obtaining perpetual wealth for the country that issues the de facto world currency. The one problem, however, is that such a system destroys the character of the counterfeiting nation’s people-- just as was the case when gold was the currency and it was obtained by conquering other nations. And this destroys the incentive to save and produce, while encouraging debt and runaway welfare.
..........

Realizing the world was embarking on something new and mind boggling, elite money managers, with especially strong support from U.S. authorities, struck an agreement with OPEC to price oil in U.S. dollars exclusively for all worldwide transactions. This gave the dollar a special place among world currencies and in essence “backed” the dollar with oil. In return, the U.S. promised to protect the various oil-rich kingdoms in the Persian Gulf against threat of invasion or domestic coup. This arrangement helped ignite the radical Islamic movement among those who resented our influence in the region. The arrangement gave the dollar artificial strength, with tremendous financial benefits for the United States. It allowed us to export our monetary inflation by buying oil and other goods at a great discount as dollar influence flourished.

............

There was no public talk of removing Saddam Hussein because of his attack on the integrity of the dollar as a reserve currency by selling oil in Euros. Many believe this was the real reason for our obsession with Iraq. I doubt it was the only reason, but it may well have played a significant role in our motivation to wage war. Within a very short period after the military victory, all Iraqi oil sales were carried out in dollars. The Euro was abandoned.



reply posted on 9-3-2006 @ 01:44 PM by DerekJR321
Here comes the push to claim Iran is the new BIG THREAT to the US.. its all starting to fall in place...

Kansas really is gonna go bye bye...


Rice: U.S. faces 'no greater challenge' than Iran

Sorry.. after reading the above from CNN I just went into a daze. Everything ive been reading on ATS about Iran, the end of March, Euros... its all starting to come together... *sigh*



reply posted on 10-3-2006 @ 09:09 AM by DIABOLIC888
Indeed....everyone must read this now www.amin.org... it pretty much explains it all, with Iran and that Euro thing.....You gotta get the word out...it's not about evil terrorists and a bomb.....They're gonna do this for other reasons...but the plan is gonna go sour....and they know it....but in actuality thats the whole point...ORDER OUT OF CHAOS.....Don't fall into the mind control of the threat...get the word out!!!


reply posted on 10-3-2006 @ 11:29 AM by koji_K
And of course, the first casualty of war is truth:


The United States Federal Reserve (the Fed) has announced that it will stop reporting the M3 money supply data of the US dollar on March 23, 2006. This has started some speculation in the investment and banking community on the possible instability in the dollar system that the Fed is trying to hide. (The Federal Reserve is a system of eight to twelve regional reserve banks, owned by its commercial member banks and supervised by the Federal Reserve Board.)


Source:
en.wikipedia.org...

For those who don't know, M3 is a form of measurement of a nations money supply, which, crucially, includes reserves of dollars held by foreign banks.

The writing on the wall is that the USD in the years to come is about to tank, as nations start to dump it in favor of more stable currencies. M3 has been reported since the 50's, and it's a standard economic indicator that just about any central bank should keep track of. There is no way whatsoever that the Fed will not be keeping track of this figure- they just feel they shouldn't be reporting it anymore, after all these years. Go figure.


reply posted on 10-3-2006 @ 05:51 PM by St Udio
~~


just today, 10 March, i scanned over the article from the thread-starter post.
Along with the 2 factors US-Iraq & M3 info the author {LEAP/E2020} spoke of other factors+aspects+nodes=>
it got a bit into what i think is astrological jargon
which is pretty much the model for another 'time' oriented forcasting program aka 'Merlin', which also forcasts & prognosticates.

all well & good,
but...i'm wondering IF another factor/aspect that LEAP/E2020 used in the formula for deciding
that 20-26 March 2006 would be a beginning of a year long crisis....Would have been the anticipated buy-out & take-over of the Contracts & Operation of the Sea-Ports in NY. NJ, Phil, Balt, Miami, & some in TX.
by Dubai PortsWorld & the U.A.E. ...??

in as much, a +6 Billion $$ deal is not a instant decision sorta thing!
there were underwriters, transfer agents, banking interests, geo-political strategies by all the countries involved to mull over and address.

OR, was the possible backlash, on security grounds, one of the possible dynamics that was anticipated??
since Pres. GW Bush is characterized as thick-&-friendly to business and the World of Saudi, and by proximity, the cousin Arabs of the U.A.E.
? could Pres GW Bush, knowing that the engineered and managed devaluation of USD was presently under way, have been dealing from the bottom of the deck all along with the Ports Deal??

Its quite conveinient an article; "Arab Firms Reassessing U.S. Holdings"
is a new twist or backlash of the soured PortsDeal (####.abcnews.go.com/)

Was/is there a shrewed conspiracy being played out?
which will allow the vast sums of $$$ that Arab firms & emirs have invested in the US, to be re-allocated elsewhere, with nary an eyebrow being raised-----because the ME, and Arabian investors were treated indignantly by the Congress and Public Opinion?? as their monies and govt's are held out to be suspicious and tied to terror(isms)...whats it called? xenophobic ?


reply posted on 11-3-2006 @ 08:29 PM by mbkennel
This has been firmly debunked on Dailykos (certainly not a pro-neocon site) by somebody who actually works in international petroleum industry.

That quoted article is so much baloney:

If the IOB only accepts the euro for oil, any country could buy oil from any oil-producing nation using euros instead of dollars. The Iranian plan is not limited to purchasing one oil-producing country's oil with euros.


Guess what? There is NOTHING that prevents anybody from pricing oil in whatever currency they want---TODAY.

Much oil is not traded on the major futures exchanges (NYMEX, NYC, and IPE, London) and is instead negotiated privately party-to-party.

They could choose to write their terms in whatever they wanted.

If pricing oil in a certain currency were so valuable, why doesn't the IPE price oil in euros or sterling? Because it's pointless.

A futures contract in oil in euros is exactly equal to a futures contract for oil in dollars plus a euro/dollar forward contract. These can be easily arranged.

The net trading and depth in the currency markets massively exceeds that of the oil trade globally. What fraction of global oil trade would Iran's new bourse get? almost zilch.

And if Iran does have an oil bourse---it would be excellent for Western interests. Why? Because a critical factor is the stability and reliability for trading and settlement. Settlement in oil futures happens with *physical delivery*, which usually means some some place in Louisiana/Texas for NYMEX and Rotterdam for the IPE, if I'm not mistaken. This has to be absolutely protected for people to trust the exchange as a counterparty.

If Iran trades oil on a commodity exchange, then physical delivery to a well known transfer point, most likely Dubai, has to be guaranteed. Iran threatening to close oil shipping or its own prodution is completely counter the interests of setting up an oil exchange. Hence, if Iran had an oil exchange it would be good for Western interests, because it would mean that powerful and wealthy people in Iran would have an interest in maintaining stability and oil flows in order to guard their financial interests.

The fate of the US dollar is determined by interest rates and capital flows and central bank decisions. These days, that means the central banks of Japan and China, and then Europe and USA.

The petroeuro vs petrodollar is preposterous: anybody with dollars can convert to euros at an instant. So if people wanted petroeuros instead of petrodollars they can have them today. Whatever Iran does is completely irrelevant.

Dubai, a far more stable country than Iran, has an oil exchange too, but it has far less significance than NYMEX and IPE. What would Iran do to make theirs so much better? What's their advertising, "Hey, come trade oil here! Crazy presidents make it so much more exciting!"
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