"The war in Ukraine is a war for the dollar" - part 2 of 3 (tags)
Moscow has really threatened the U.S. dollar on the international stage, and with it the entire U.S. economy behind it. Since Putin took office, well before 2021 and even before the anti-Russian coup in Ukraine in 2014, Russia, a leading energy power, has begun the process of liquidating U.S. dollar-denominated bonds. Russia halved the number of U.S. bonds it held.
Michael Hudson on de-dollarization (tags)
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. If you read what these countries say, they explain why they’re doing what they’re doing. .
In the run-up to the founding of NATO, those responsible in the USA knew: The Soviet Union posed no military threat. The weakened power could not sustain an attack on Western Europe even if it wanted to: The Soviet Union's economy is largely destroyed and technologically obsolete.
The Bank Of Israel, Gold, And The Third Temple (tags)
BUY GOLD, GLOBAL DEPRESSION COMING!
The US, the Dollar, IS and Saudi Arabia (tags)
The US treats IS and the Saudi royal house differently. For decades, Saudi Arabia has been the US' closest ally in the Middle East and therefore enjoys Washington's unrestricted solidarity despite all its crimes.
Is Economic Speculation a Form of Structural Violence? (tags)
According to neoclassical economic theory, the financial markets return to equilibrium. Problems only occur because of state intervention. The roaring twenties led to an enormous stock euphoria. In 2018, companies inflate their stocks in a $70 billion stock buy back program.
Breaking: Miller On Bakersfield Incident (tags)
On the issue of the trailer of bomb-grade nuclear waste scheduled for military recycling which traffic controllers found abandoned at a Bakersfield refill stop last night, there is environmental crisis manager Winston Miller on the line.
Hillary’s email revelation: France and US killed Qaddafi for his gold and oil (tags)
poster's note: Hillary's emails show 143 tons of gold held by Libya as well as oil were 2 of the factors along with others in the bombing of Libya
Dollar As World's Reserve Currency Threatened (tags)
dollar
Eliminating currency speculation would be simple. The big central banks, the American Fed, the Bank of England, the European Central Bank and the Japanese Central Bank...$5.3 trillion whirl through the world daily seeking lucrative currency bets.
Plundering Ukraine for Profit (tags)
Ukraine
North Korean economy surrenders to foreign currency invasion (tags)
Chinese currency and U.S. dollars are being used more widely than ever in North Korea instead of the country's own money, a stark illustration of the extent to which the leadership under Kim Jong-un has lost control over the economy.
U.S. accuses currency exchange of laundering $6 billion (tags)
U.S. prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks.
Greater Grand Theft Cyprus (tags)
class war
Capitalism and the Mad Uncle in the Attic (tags)
The economy should be a part of life, not a steamroller crushing creativity and self-determination.
Remembering Bob Chapman (tags)
finance
Global Economic Tremors (tags)
class war
Alternative Currency: Let The Era Of Global Prosperity Commence (tags)
Designed on the principle of 'Free Currencies – Free Markets – Free People – Free Planet', on 13 November 2011, the long-awaited Crom Alternative Currency System has finally been opened – in many ways a unique combination of a social network and payment system.
Some further thoughts on the OWS movement (tags)
I have been following the Occupy Wall Street developments with interest because ultimately I consider the only reasonable way entrenched elites become unseated is if there is mass action by citizens. I do not think military coups are a very sound way to lay the groundwork for grassroots
America's Terminal Decline (tags)
empire
The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B?How can the financial sector be shriveled? Can state banks (like NDakota) be a model?
Dollar-Yuan Currency War (tags)
The value of the Yuan is not the cause for the US trade and balance of payments deficits. The reasons are the high state indebtedness (armaments/ wars and tax gifts to the rich) and the indebtedness of private households. The US has a trade deficit with 90 countries.
Relections on "Obama's Economic View Is Rejected on World Stage"--NYT 11/12/10 (tags)
G20 nations reject US plans for world economy.
Quantitative Easing: Elixir or Poison? (tags)
QE indeed poison as being used
Chinese Currency War a Red Herring? (tags)
In the 1930s countries tried to gain advantages by exporting more. This is happening today.
IMF Considers Replacing the Dollar as Key Currency (tags)
More stability and efficiency will be created and money and the credit system de-politicized. In stress situations, a world central bank could serve as creditor "of last resort" to provide the necessary liquidity in the whole system in case of grave shocks.
The Road to World War III - The Global Banking Cartel Has One Card Left to Play (tags)
"The global elite have consistently used a strategy of arming and funding both sides of armed conflicts. While opposing populations kill each other off, they make off with their natural resources. When they confront a government that cannot be bribed or provoked into civil or regional war, they fund brutal death squads, attempt military coups and intimidate them by giving weapons to undemocratic neighboring regimes. If all that doesn’t work, they are declared a threat to national security and the US military, private contractors and NATO forces invade and occupy the country. These terrorist strategies are not limited to the Middle East and Africa, just ask our neighbors throughout Latin America about the School of the Americas. Contrary to popular belief, the horrendous torture techniques inflicted upon people in Abu Ghraib, Iraq were not an isolated incident. Many of those brutal torture techniques were developed over years by torturing innocent civilians throughout Latin America."
update on the secret police.
Dependence paralyzes superpowers. Washington urges Peking to upgrade its currency which China's economy cannot handle. China-bashing is an absolute necessity in the upcoming election campaigns.
System Change instead of Climate Change (tags)
Capitalism and the resource policy of industrial states are responsible for the increasing destruction of the environment and the dangerous warming of the global climate. The members of ALBA set a fixed date for their new currency system
One man and his donkey bring down the US empire (tags)
With a little help from US corporations
Gold Bugs and One World Government (tags)
Some musings on what I saw in the first Zeitgeist movie, and the gold bugs out there.
"The story of American money, which occupies a period of about three centuries, began when the early settlers in New England carried on their fur trade with the indians through the use of wampum, which had been fashioned from mussel shells in the form of beads. Beaver skins, wampum, and in Virginia, tobacco, soon became the common accepted media of exchange for all other available commodities. The immigrants, in fact, had little use for coined money at first, but when traders arrived from foreign lands, coins were usually demanded in payment for goods." Opening Statement of the book "A Guidebook of United States Coins" 17th Edition, 1964 by R.S. Yeoman
Federal Government Closes down Liberty Dollar (tags)
Many believe that the Liberty Dollar is a much sounder currency than the U.S. Government's paper dollar
Risk Development and Dollar Inflation (tags)
Two articles by emeritus professor Elmar Altvater reveal the contradictions of credit or bubble prosperity in the counter-revolution of capital. As work cannot define us, competitiveness and profit maximization do not define the human experience Speculation could bring a new feudalism..
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Argentinization of the US and Currency War (tags)
"After the great killing of the bison, the basic food of Indians, the great killing of the US dollar, the basic food of today's credit-junkie, could now be imminent.. A deficit amounting to 13% of the GDP is more than four times what was established as the convergence criterion of the European Union."
Austria: Crash Instead of Cash (tags)
In 1978 the Bretton Woods system broke down since the US abandoned the key function of the US dollar to print money to finance the Vietnam War.. The liberalization of the financial markets started a mechanism in which the worldwide population loses.
Reviewing Ellen Brown's "Web of Debt": Part VI (tags)
Part VI of Federal Reserve Plunder
Reviewing Ellen Brown's "Web of Debt:" - Part III (tags)
Federal Reserve plunder Part III
APRIL 25, LA EVENT FOR MUMIA: Saturday, April 25 at the Southern California Library for Social Studies and Research, 6120 S. Vermont, from 5-7 PM.
The Misery of the WTO: For a Reinvention of World Trade (tags)
The crisis of the WTO has two causes: a lack of trust and an ideological prejudice. A lack of trust exists because the countries of the North judge trade with two standards: free trade for the South and protectionism for their own economies.
Will Obama Start the Next Trade War? (tags)
While campaigning to be president, Obama gave the general impression that he would act “cooperatively” to solve international problems, moving away from the Bush strategy of irresponsible “unilateralism.” But Obama took an aggressive stance towards China even on the campaign trail, including the accusations of “currency manipulation,” “violating intellectual property rights,” and “devaluing their goods.” Of course, the average American cares nothing about these types of crimes, nor should they.
The Federal Reserve Abolition Act (tags)
Abolishing the Fed.
The wages of sin have come due.
V.P. Candidate Alexander Wants Common U.S.-Mexican Currency (tags)
During a decade when border issues between the U.S. and Mexico have intensified and the Democrats and Republicans have gone on the attack against immigrants, Vice Presidential Candidate Stewart A. Alexander is proposing a common U.S.-Mexican currency and establishing a Basic Income Guarantee (BIG) for working people on both sides of the U.S.-Mexico border.
The Asian Crisis of 1997-1998: Deregulation (tags)
Enormous capital streamed in short-term monetary investments that could dissolve at any time, not in lasting direct investments. Higher stock prices and home prices fueled the credit boom. Deregulated finance markets are everything but efficient.
Is the "Mother of all Financial Crises" Imminent? (tags)
A trade-weighted devaluation of the dollar of around 25 percent is necessary allowing the US currency to ski "gradually and orderly" against free-floating currencies. The IMF could establish a "substitution account" with "special drawing rights" to avert a dollar panic.
The US Will Experience Its Big Surprise (tags)
The dollar devaluation has to do with many things, above all with the double deficit. The US must become indebted more and more. China and Dubai could go on a shopping spree and buy oil companies. The US must earn euros to pay for the oil to be imported.
Undeclared Cash Seized from Woman While Leaving Country (tags)
The driver, a 38-year-old female lawful permanent resident of the United States from Mexico and residing in Chula Vista, was arrested by Immigration and Customs Enforcement special agents
COLLAPSE OF THE US DOLLAR (tags)
Imagine being sent forward in time from 1967 to 2007. Instead of gas costing 25 cents a gallon, it's $2.50. A decent home, intead of costing $15,000, costs $250,000 or more.
U.S. dollar - a "worthless piece of paper." President Mahmoud Ahmadinejad (tags)
And he is right. A $100 bill is worth the paper it's printed on and backed by nothing else. Up till 1933 the U.S. was backed in gold. You could exchange a $20 bill for an ounce of gold. And up till the 1960's the dollar was backed up by silver. You could go to the mint and trade paper dollars for silver. But now the dollar is backed by NOTHING and a dollar is worth nothing more then the paper it is printed on.
Israel asks U.S. foreign aid be paid in EUROS (tags)
in your face you lazy superstitious fuckheads, i guess americans are going to get what they deserve soon...
Israel asks U.S. foreign aid be paid in EUROS (tags)
Secretary of State Rice has acknowledged a communique from Israeli foreign minister Tzipi Levni which requests that all foreign aid payments and loans from the United States be made in Euros rather than in Dollars. Foreign Minister Levni cited the rapidly declining dollar and it's disfavor as a world currency as reasons for the request.
Beware of Falling Bankers! (tags)
Like the car, our sacred cow that is not discussed, speculation and prosperity based on credit are taboo subjects. The system is corrupt and its answers wrong. Will we mend our own pockets as China closes its wallet? Critical thinking, culture shock, alternative economic and Jesus' parables can be new beginnings.
The New World Currency Crisis (tags)
The US lost its absolute superiority as an industrial- and export-state..The US balance of payments deficit has nearly doubled since the 1980s..A hard landing of the dollar becomes more likely the longer the Asian exchange rate correction is delayed.
De-industrialization reduces the long-term wealth-formation of broad sectors of the population. An extremely high indebtedness of private households also contributes to the disastrous total deficit of the US.
OLd Left Radicalism on The Money Issue (tags)
During the 'teens, twenties and 'thirties of the past century, radical political formations in America called for the nationalization of the Federal Reserve System and of Credit.
RED ALERT, Credit Card Thievery by Bank of America due to MBNA Merger, Currency Conversion (tags)
Bank of America is stealing money from their newly acquired MBNA associated credit card holders. Most likely in currency conversion. US Dollar undervalued by bank.
The Lie Of The Federal Reserve (tags)
FED RUNNING SCARED Control of the currency means control of the law as defined by modern contracts written by England and some other entities unaffiliated with any nationalistic origin. Let us say they are all rather FICTIUONALK, except concerning the influence they exert over American Lives nd The American Future. They took control of the currency after the Civil War, and was REALLY what the civil war was all about. This below shows graphically what a house of cards this whole illegal scheme is, and if you want to get them, make it a point MAKE IT A POINT to start bartering and using other forms of currency like gems, silver, and gold.
Zimbabwe and Pan-African Liberation (tags)
An interview with Netfa Freeman, just returned from Zimbabwe
FOR IMMEDIATE RELEASE! Know Your Bank Dick: The Federal Reserve Without Walls (tags)
Hezbollah, the armed political party in Lebanon, is now handing out fresh U.S. $100 Denomination Currency Notes all over Lebanon. Item - This U.S. Currency comes from Iraq as reported by Cloak and Dagger over a year ago.
Is the Dollar Hegemony Ending? (tags)
The demand for dollars will fall significantly when oil is transacted in euros. The US must control its twin deficits and reduce its foot-print to keep the confidence of foreign credi-tors. Radical restructuring and removal of incompetent leadership could avert crash.
Iran War for Dollar Hegemony (tags)
The run on the US currency has already begun. Preventing the IOB may help explain the extreme aggressiveness of the US toward Iran. Mending our own pockets and recalibrating energy and security policies are more sensible than the Bush doctrine.
The Petrodollar: America’s Achilles Heel (tags)
Virtual Chicano is webmaster and political commentator for Chicano Forums
Iran’s Oil Exchange threatens the Greenback (tags)
"The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. are planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency....."
WHAT THE PRICE OF GOLD MAY BE TELLING US (tags)
A political commentary on why gold prices are rising.
The denomination of oil sales is a pyure transaction affair.. In the present situation, the oil bourse represents a symbolic manifestation of Iran's desire to be less dependent on a US-dominated dollar-world.
WILL IRAN BRING REVOLUTION INTO THE USA ? (tags)
Iran’s Oil Exchange Threatens the Greenback by Mike Whitney www.dissidentvoice.org January 24, 2006
The Currency of Black Gold (tags)
The Oil War is also being waged by the predominance of the Dollar and the Euro.
The Federal Reserve is Privately owned (tags)
The secret to enslaving a nation.
Learn about the financial fraud that has enslaved you your whole life!
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
A History of Concealment and Deception (tags)
Washington hasn't the faintest idea about the kind of adversary it faces.. If Iran makes the Euro the oil trade currency, a greater flight from the dollar to the Euro and a catastrophe for the US could occur. The dollar will be weakened and imports more expensive.
Documents point to 911 attack on America by White House crime families (tags)
Sioux City, Iowa -- September 4, 2005 -- TomFlocco.com -- According to leaked documents from an intelligence file obtained through a military source in the Office of Naval Intelligence (ONI), on or about September 12, 1991 non-performing and unauthorized gold-backed debt instruments were used to purchase ten-year "Brady" bonds. The bonds in turn were illegally employed as collateral to borrow $240 billion--120 in Japanese Yen and 120 in Deutsch Marks--exchanged for U.S. currency under false pretenses; or counterfeit and unlawful conversion of collateral against which an unlimited amount of money could be created in derivatives and debt instruments.
Weak Dollar and Strong Bush: China and US Debts (tags)
To stabilize the value of the dollar, the US needs a daily currency inflow of $1.8 billion.. The budget plan of the White House rests on unrealistic assumptions.. The Bush administration assumes higher revenues by means of the tax cuts.
Any realistic analysis of the Bush Administration and it's impact on the US and Global economy indicates that the US Dollar is being demolished. - Greensplat
The Changing Principles Of War (tags)
By: Bill Gallagher 012405 1675 Words
China Expects the Collapse of the Dollar (tags)
Since 2001 the dollar has lost 40% of its value; half of the loss has occurred since April 2003. In 2004 alone, exports from China to the US rose 35%. China depends on American consumers asmuch as the US depends on China's financing of deficits.
The Real Reasons Why Iran is the Next Target (tags)
The Iranians are about to commit an offense far greater than Saddam Hussein's conversion to the euro for his oil exports back in the fall of 2000. In March 2005 Iran is going to start competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-based international oil-trading mechanism. Numerous articles have revealed Pentagon planning for operations against Iran in 2005. The publicly stated reasons will be over Iran's nuclear ambitions, but the following unspoken macroeconomic issues explain the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-denominated oil Bourse.
IRS -- Israeli Revenue Service (tags)
Next time the irs comes visiting for a mandatory handout for israel, shove this in their face, and tell them to go away, or get blown away...
President Kennedy the Fed and executive order 11110 (tags)
How America has slowly been enslaved by banksters, worthless paper they designed and printed, and a fraud so bold none would suspect it!
Welcome to the Banana Republic (tags)
New $20 Bills to Become Available in October. See photo at web site.
The Southern United States As A Conquered People (tags)
America is Sick. Heres why.
The Forbidden Truths of Human Economic Systems (tags)
A Truth-based dissection of the genocidally evil economic policies and structures that all human governments and societies inflict upon their citizen-slaves.
America helps Iraq print "new" Saddam money (tags)
The likeness of Saddam is on the new money. "The Americans got rid of the old regime, so why are they printing the same currency?" Mudafar Mahdi, a businessman, asked Wednesday.
The Wealth-Transfer Machine (tags)
If you want to know how the country is controlled you have to understand the basics of how it's done. How is done - by keeping you poor and manipulating the politicians through the use of money and debt. These are not trivial issues and require some work to understand. However, if you want to understand it is worth the effort.
The peace protestors inspire hope in a nation that seemed headed for its own destruction.
The Real but Unspoken Reasons for the Iraq War (tags)
Although completely suppressed in the U.S. media, the answer to the Iraq enigma is simple yet shocking. The upcoming war in Iraq is actually an OIL CURRENCY war. The Real Reason for this upcoming war is this administration’s goal of preventing further OPEC momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. (This is a long essay)
Denominational disaster as Bush mixes up his D-words (tags)
Oops. The Idiot tripped on his own tongue again. On www.indymedia.org, the person posting this story (ID#137159) proposes that Bush's apparent slip was, in fact, intentional -- so that his cronies could profit from the resultant currency fluctuation. Perhaps. More likely, the Moron just flubbed things up once again; and his Wall Street Dons, who knew he had merely mispoken, were probably able to take advantage in the interim before things were clarified.
The Ugly American Dollar Campaign (tags)
The United States dollar is being introduced in several Central and South American countries as a means of economic development. Even in Russia, the American dollar is more popular than the Ruble -- proving correct the old proverb: if you can't beat'em, buy 'em.
Those arguing con criticized the banana's squishy texture, mediocre taste (unless fried in butter), the possibility that stormtroopers will make preemptive arrests of the "terrorists leaders" who carry bananas, and a concern that an excessive reverence for the banana could lean The Revolution backward toward a patriarchal society.