Is THIS What The Neocons Have In Mind To Further Global Dominance??

On edit: Woooops!! Forgot the link!!

http://www.kitco.com/ind/Wallenwein/nov122004.html

IS THE US KILLING THE EURO?

By Alex Wallenwein
November 12, 2004

A1 GUIDE TO GOLD INVESTMENTS


Fighting an opponent doesn't always mean opposing his force. When faced with overwhelming power, good fighters often use their attacker's force to their advantage, like in Judo, for example. There are better examples in martial arts, but Judo is probably the most commonly known and understood.
It looks like the US strategy in this transcontinental currency battle is to give the euro's masters what they want - except way too much of it, way too quickly, in order to overload the euro system and make it collapse

The ECB was instituted by the euro's creators to preside over an orderly transition away from a dollar-dependent world to a more versatile arrangement wherein the euro fulfills a quasi-reserve function that will eventually give way to gold being the ultimate international currency reserve, with all the fiats freely floating against gold instead of against each other.

But the road there is a long and winding one, and not even all of those currently "in charge" (international central bankers) are fully aware that this is the ultimate goal. Rather, that unstated goal was wrapped up implicitly in the ECB's role of guaranteeing price-stability, rather than using interest rates to jump-start an otherwise faltering economy like the Fed does over here."

<snip>

" The Fed and Bush administration know that the euro's ultimate aim is by necessity to slowly attract foreign investors and central banks to the euro and away from the dollar. But they also know that an explosively upward rocketing euro will wreck the Europeans' major economies in a heartbeat. As a result, the US game is to allow the dollar to drop lower - and faster than the Europeans' fragile economies can tolerate!"

<snip>

" Remember that the Asians, particularly China and Japan, hold huge amounts of dollar-claims in the form of Treasury debt. If they decide to accelerate their selling, US debt prices will collapse and long term rates will explode past the US' point of tolerance."

:freak: Got this article from the MARKET WATCH thread in LBN, and there is another article linked over there that is enough to make you go "huh"???? This one:

http://www.economist.com/agenda/PrinterFriendly.cfm?Story_ID=3372405

So, the neocons aren't just trying to force Americans to eat on dirt floors so we're more easily controlled....they want the whole world to fall apart!!

The dollar is down to 83.65 last time I checked today.... :argh:

These people are either EXTREMELY brilliant, and we're all going to land on our supply side feet, or their EXTREMELY EVIL and we're all going to land on our supply side butts!!

Either way, it looks like a bumpy ride for the next decade!

this sounds like another "black is white and night is day" load of horseshit.

The subtext is "please don't panic"

Next from the explanations: "We meant to let 9/11 happen, it was all part of the master plan. . . "

Now THAT I can believe.

economists talking about the global PROBLEM the neocons appear to be causing!

It's really frightening, and it does appear to be a hidden agenda of the neocons, from what the articles are showing.

But the end result will be that the whole world can be plunged into a horrible state of poverty....well, except for the uber rich, of course -- the ones who hold the capital.

:kick:

hasty sui went off half cocked again as my serum-caffeine levels plummetted this afternoon.

I'm not sure what to believe however after reading it. Market manipulation on that scale with that objective doesn't really seem likely from what I understand of the tools available to government.

Maybe I don't fully understand why we would choose that strategy when there are other strategies (all boats rise, etc.) that seem to be more economically productive and with less risk.

"In some ways, the stronger euro will do Mr Trichet’s job for him. It will contain euro-area inflation, which has remained stubbornly above the ECB’s ceiling of 2%. It will offset the higher dollar price of oil—last month’s worry du jour. And if the euros in their pockets gain in value, European households might be more willing to spend them, overcoming the caution that has held the European recovery back for much of this year."

http://www.economist.com/agenda/PrinterFriendly.cfm?Story_ID=3372405

I remember when the dollar appreciated it did good things for the people with a few of them in their pockets. Our currency is going to be devaluated, and it's going to hurt the little guy. It's being devalued because this administration's policies have been a complete disaster. There's nothing clever about it.