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conspiracy analyst
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Joined: 27 Sep 2005
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 Posted: Sat Sep 08, 2007 8:26 am Post subject: The New Cold War-Dumping the Dollar |
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One after the other the Anglo-American press is reporting various
instances of conflict with Russia and China. Since Putins speech in
Munich open warfare has nearly broken out.
Chinese exporters are killing children with their toys.
Chinese hackers are downing government departments and military
systems, Pentagon, Whitehall (UK)
Russians are flying planes in British airspace and being escorted by
fighter jets.
Americans are promoting eastern Europe in anti-Russian acts like the
WWII brought down in Estonia or the missile systems they want to place
facing Russia.
Throughout the summer this undeclared war became a hot one over the
fires in southern Europe which occurred AFTER the agreements for
Russian gas which Condi went against.
The dollar is collapsing. The more countries that move away from
dollar hegemony the more the US government has to attempt to stabilise
it as it will become a totally useless piece of toilet paper. But the
contradiction in the situation is that US transnationals aren't
responsible for the post-war system which made the dollar the reserve
currency of international trade. Hence whilst the have relocated lock
stock and barrel in Asia their government will be at odds with the
economic decisions they have taken. One cannot have all production in
Asia and dollar hegemony for a whole parasitic layer of of casino
gamblers known as hedge fund kings. Printing money only excarcebates
the inflationary dollar. The more that is printed to keep afloat the
US with its enormous trade deficits and debts the more the dollar
becomes weaker, the more the USA is forced to control regions of the
world which refuse to promote economic harakiri as if that is the only
policy available to them.
So we shall continue to see conflicts with both Russia, China and Iran
and Venezuela get worse. But its a race against time and an impossible
circle to square. For the dollar to stabilise the world has to kneel
and offer its raw materials for free aka Iraq to the US financiers,
whilst for the world to survive it has to dump the dollar.
| Quote: | Is China quietly dumping US Treasuries?
By Ambrose Evans-Pritchard
Last Updated: 12:25am BST 06/09/2007
A sharp drop in foreign holdings of US Treasury bonds over the last
five weeks has raised concerns that China is quietly withdrawing its
funds from the United States, leaving the dollar increasingly
vulnerable.
# China threatens `nuclear option' of dollar sales
Data released by the New York Federal Reserve shows that foreign
central banks have cut their stash of US Treasuries by $48bn since
late July, with falls of $32bn in the last two weeks alone.
advertisement
"This comes as a big surprise and it is definitely worrying," said
Hans Redeker, currency chief at BNP Paribas.
"We won't know if China is behind this until the Treasury releases its
TIC data in November, but what it does show is that world central
banks are in a hurry to get out of the US. They don't seem to be
switching into other currencies, so it is possible they are moving
into gold instead. Gold is now gaining momentum across all currencies
and has broken through resistance at 500 euros," he said.
While the greenback has been resilient over recent weeks - even
regaining something of a 'safe-haven' role as banks scrambled to buy
the currency to cover dollar debts - most experts believe that
America's $850bn current account deficit will eventually cause the
dollar to resume its relentless slide.
David Powell, an economist at IDEAglobal in New York, pointed the
finger at Beijing as the main suspect in the sudden bond flight this
summer.
In a client note entitled "Has China started to dump US Treasuries?",
he said the sales appear to coincide with early moves by Beijing to
launch its new $300bn sovereign wealth fund.
The scheme is part of the government's plan to diversify it $1,340bn
reserves from bonds (mostly in the US) to a broader portfolio of
investments and a better yield.
If so, the switch comes at a very delicate time, just as tempers flair
on both sides of the Pacific over China's policy of holding down yuan
by currency intervention. A bill in Congress calls for punitive tariff
sanctions of 27.5pc against Chinese imports, and there has been a
growing outcry over contaminated pet food and lead-tainted toys.
Two top advisers to the Chinese government gave strong hints in August
that Beijing should use its estimated $900bn holdings of US Treasuries
and agency bonds as a "bargaining chip", words taken as an implicit
threat to trigger as US bond crash if provoked.
The Chinese government has since put out an official statement
clarifying that it has no intention in taking such an irresponsible
step, which would in any case backfire by devaluing China's remaining
holding.
Mr Powell said the switch out of Treasuires was a purely commercial
decision. "If if turns out that the Chinese are behind this, it is
merely an attempt to increase returns on investment. It has nothing to
do with settling protectionist scores," he said.
Any evidence that China was pulling out would risk setting off an
unstoppable stampede, which is why such a policy would never be
announced. It holds the world's biggest pool of resrves, followed by
Japan.
Robin Bhar, a metals analyst at UBS, said there was little evidence
yet that Asian central banks were switching heavily into gold. Most of
the recent buying of gold has been on the COMEX futures markets, the
playground of hedge funds.
Central banks tend to buy their bullion in London at the AM and PM
fixings, leaving a footprint that is visible to experts. They seem to
have been largely absent from the market so far.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/05/bcn. .. |
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rodin
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Joined: 09 Dec 2006
Posts: 2224
Location: UK
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| Posted: Sat Sep 08, 2007 12:07 pm Post subject: |
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The new cold war? The first one was a total sham.
Google Roosevelt Communists.
_________________
Belief is the Enemy of Truth www.dissential.com |
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conspiracy analyst
Trustworthy Freedom Fighter
Joined: 27 Sep 2005
Posts: 2279
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| Posted: Sat Sep 08, 2007 10:46 pm Post subject: |
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| rodin wrote: | The new cold war? The first one was a total sham.
Google Roosevelt Communists. |
You think the 2 million which died in Korea at the height of the cold war was fake?
Maybe the war on terror is fake. I believe that as well.
But millions of Arabs are dying as a consequence.
The war against communism and the war on terror are one and the same thing. The USA trying to remain supreme.
That is not fake unless we think Iraquis are promoting US power in Iraq by ...fighting them. |
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eogz
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Joined: 29 Jul 2007
Posts: 262
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| Posted: Sun Sep 09, 2007 9:32 am Post subject: |
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| I think Rodin was trying to point out that the cold war was as manufactured as much as the war on terrorism is, that the US/UK and others had a vested interest in a bogey man enemy to feed the masses. Look into it, and see where events where staged/encouraged/manufactured to feed our fear. |
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conspiracy analyst
Trustworthy Freedom Fighter
Joined: 27 Sep 2005
Posts: 2279
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| Posted: Sun Sep 09, 2007 10:22 am Post subject: |
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| eogz wrote: | | I think Rodin was trying to point out that the cold war was as manufactured as much as the war on terrorism is, that the US/UK and others had a vested interest in a bogey man enemy to feed the masses. Look into it, and see where events where staged/encouraged/manufactured to feed our fear. |
Rodin has argued that the Russian Revolution, the French Revolution were stage managed events led by one family the Rothschilds.
It follows that he believes every event is orchestrated and stagemanaged.
I do not have that opinion as I dont believe we can put an equal sign between China, Russia and the USA.
Those are the politics of the schoolyard, not a serious analysis. |
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eogz
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Joined: 29 Jul 2007
Posts: 262
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| Posted: Sun Sep 09, 2007 10:30 am Post subject: |
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| Point taken, I'm not so sure that the Rothschilds are that good at forward planning! I could be wrong though. |
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acrobat74
Trustworthy Freedom Fighter
Joined: 03 Jun 2007
Posts: 836
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| Posted: Sun Sep 09, 2007 12:58 pm Post subject: |
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Good analysis conspiracy analyst 
Professor Sutton has documented extensively the transfer of technology from the West to the Soviets during the Cold War.
I would interpret rodin's post in this spirit. |
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fish5133
Site Admin
Joined: 13 Sep 2006
Posts: 2568
Location: One breath from Glory
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| Posted: Sun Sep 09, 2007 9:21 pm Post subject: One world currency looming? |
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Listening to the late Barry Smith ( (christian end times speaker) suggesting that any New World Order (aka one world government) would not like too many different currencies in circulation and that a currency war between dollar, yen? and euro could happen.
Also that the New World Order couldnt exist if every nation still maintained its own sovereignty. Suggested something big needed to happen to the US in order to suspend the constitution. Another 9/11 or even monetary collapse? |
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