Hope2012


ECONOMY: CURRENCY WARS
January 28, 2008, 5:29 am
Filed under: business, collapse, dollar collapse, economy, fascism, news, politics, US dollar
In the Realm of the Dying Dollar (Newsweek 11/23/07)
Withhold from War; Pay for Peace (2008 WarTaxBoycott.org)
Saudi Oil Minister’s Private Conversation on Dollar Accidentally Broadcast (Economists Briefing 11/16/07)

“In an embarrassing blunder at the meeting in Riyadh, ministers’ microphones were not cut off during a key closed meeting, and Prince Al-Faisal was heard saying: “My feeling is that the mere mention that the Opec countries are studying the issue of the dollar is itself going to have an impact that endangers the interests of the countries. “There will be journalists who will seize on this point and we don’t want the dollar to collapse instead of doing something good for Opec.” … Prince Al-Faisal added: “This is not new. We have done this in the past: decide to study something without putting down on paper that we are going to study it so that we avoid any implication that will bring adverse effects on our countries’ finances.”

Venezuela launches new currency (CNN 1/1/08)
Cyprus and Malta adopt the Euro (BBC 1/1/08)
Chavez launches his ‘Bank of the South’ and other Venezuela newsbits (WUFYS 12/9/07)
US Dollar’s Credibility Being ‘Stretched’ (Bloomberg 12/18/07)
America faces a day of reckoning with debt (Telegraph, UK 12/10/07)
Why the credit squeeze is a turning point for the world (Financial Times 12/11/07)
IMF Chief: Global economic crisis ‘serious’ (CNN 1/21/08)
World Bank pledges to save trees, then helps cut down Amazon (Alternet 1/17/08)
North American Monetary Integration: Here Comes the Amero (Global Research 1/20/08)
Overseas Investors Buy Aggressively in US (NYTimes 1/20/08)

“Last year, foreign investors poured a record $414 billion into securing stakes in American companies, factories and other properties through private deals and purchases of publicly traded stock, according to Thomson Financial, a research firm. That was up 90 percent from the previous year and more than double the average for the last decade. It amounted to more than one-fourth of all announced deals for the year, Thomson said.”

6 oil producing nations to create a Gulf currency by 2010 (Reuters, India 12/2/07)
Time to break free: Middle East exporters should end dollar peg (Economist 11/22/07)
Market Fundamentalism and the Tyranny of Money (Global Research 11/25/07)

Recommendations for reform of the US monetary system

Legalized Counterfeiting: The Federal Reserve System (WhatReallyHappened)
The Collapse of the Modern Day Banking System (MParent 12/17/07)
JFK vs The Federal Reserve (WhatReallyHappened)

“In a comment made to a Columbia University class on Nov. 12, 1963, ten days before his assassination, President John Fitzgerald Kennedy allegedly said: “The high office of the President has been used to foment a plot to destroy the American’s freedom and before I leave office, I must inform the citizen of this plight.”

 

Related:

1/28/08: Forget Oil, Food is the New Global Crisis

1/28/08: Economic News Roundup

1/26/08: Alternatives to Corporate Power and Misc Corporate News

1/22/08: Top Corporate Business News

1/22/08: Corporate Lawsuits, Settlements and Corruption Update

1/11/08: Corporate Corruption News

12/4/07: $9 Trillion in debt, $1 homes 94% foreclosure increase & more

11/13/07: Economic Canary: News and Analysis

11/10/07: Economic News Round up 

11/1/07: Even more corporate crimes and misdemeanors

10/18/07: Corporate State of America

9/18/07: Economic News Round up

8/8/07: Economic News: Have We Crashed Yet? 

7/15/07: US and International Economic News

6/30/07: The Economy is just the Canary 

6/23/07: News on the Economy

6/14/07: US Economy on the Downslide

 

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