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US Dollar, US debt, petro-dollars, etc.

Guest_librarian_*
post Oct 16 2006, 10:09 AM
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Guest_librarian_*
post Oct 20 2006, 03:32 PM
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Topic Introduction


W hat's it worth? And why? - It's not because of any gold backing it up ...
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Guest_librarian_*
post Oct 20 2006, 03:32 PM
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Articles

Analysts: Dollar collapse would result in 'amero'
Posted: December 13, 2006
By Jerome R. Corsi
WORLD NET DAILY EXCLUSIVE, December 13 2006
[quote]"The Fed is in a very tough spot here," Chapman wrote, "If they raise rates, the real estate market will collapse, and if they lower rates, the dollar will collapse."...

..."People in the U.S. are going to be hit hard," Chapman warned. "In the severe recession we are entering now, Bush will argue that we have to form a North American Union to compete with the Euro."

"Creating the amero," Chapman explained, "will be presented to the American public as the administration's solution for dollar recovery. In the process of creating the amero, the Bush administration just abandons the dollar."[/quote] http://www.wnd.com/news/article.asp?ARTICLE_ID=53350


Goldman Sachs Creates Private Stock Exchange for Unregistered Securities
Clients with $100 Million Minimum

cryptogon.com
May 24th, 2007
[quote]Via: Wall Street Journal:
Goldman Sachs Group Inc. ranks as the most profitable securities firm on Wall Street — reflecting its mastery of trading on the world’s public markets ... Now Goldman is turning that franchise on its head, creating its own private system to trade the stocks of companies that don’t want the scrutiny and regulatory burdens of going public. [/quote] http://cryptogon.com/?p=777


Venezuela pulling out of IMF, World Bank
by Jorge Rueda
Associated Press @ Yahoo News, May 1 2007
http://news.yahoo.com/s/ap/20070501/ap_on_...uPT4Ar48LFjhuIA


Gulf economies to 'drop the dollar'
Al-Jazeera, March 25, 2007
[quote]Gulf economies will move away from a dollar currency peg and shift foreign exchange reserves away from dollar to other currencies, including the Chinese yuan, the chief executive of Dubai International Financial Centre (DIFC) has said.[/quote]courtesy, André
http://english.aljazeera.net/NR/exeres/B09...8AC743C7389.htm


Velkomin to the United States of Foreclosure
by Mike Whitney
Atlantic Free Press, 19 March 2007
Sobering ... courtesy, Cary
http://www.atlanticfreepress.com/content/view/1201/81/


Dollar hits 14-year sterling low
euro/yen at new record

by Wanfeng Zhou
MarketWatch, Jan 23 2007
courtesy, painter
http://www.marketwatch.com/news/story/doll...6DF76FC5F2AE%7D


Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse
by William R. Clark
MMM, August 05 2005
http://usa.mediamonitors.net/content/view/full/17450


Iran Switching To Euro
by William R. Clark
MMM, August 05 2005
http://usa.mediamonitors.net/content/view/full/17450


US Dollar Hegemony
The Soft Underbelly of Empire
EPW Commentary
Economic and Political Weekly, March 19, 2005
[quote]The costs of sustaining the US's new 'Empire' will become apparent to its public only when these costs directly accrue to them. This will happen, as this article suggests, only when (i) other nations stop subsidising the US's imperial adventures by colluding in them and (ii) the dollar loses its role as the world's reserve currency. [Quote by] Rohini Hensman, Marinella Correggia[/quote] http://www.epw.org.in/showArticles.php?roo...4&filetype=html


Islamic Banking
What is Islamic Banking?
The Institute of Islamic Banking and Insurance
[quote]The basic principle of Islamic banking is the prohibition of Riba- (Usury - or interest):

"While a basic tenant of Islamic banking - the outlawing of riba, a term that encompasses not only the concept of usury, but also that of interest - has seldom been recognised as applicable beyond the Islamic world, many of its guiding principles have. The majority of these principles are based on simple morality and common sense, which form the bases of many religions, including Islam.[/quote] http://www.islamic-banking.com/ibanking/whatib.php


U.A.E. to sell dollars for euros
by Matthew Brown
Bloomberg News, December 27, 2006
http://www.iht.com/articles/2006/12/27/business/dollar.php


Peak Debt
US Debt & GDP Growth
by Jas Jain
The Market Oracle, Dec 19 2006
[quote]Peak Oil is not the urgent problem that the world faces, economically, or politically.... As a matter of fact, it has been the rapidly rising debt (racing towards the peak), which in turn has "fueled" a worldwide construction boom, that has resulted in the high prices for oil over the past 4 years... I realize that these are not the concerns that people have today as long as the American consumer keeps borrowing. But, for how long?
What Is Peak Debt?[/quote]courtesy, Cary
http://www.marketoracle.co.uk/Article171.html


The Mortgage Bust Goes On
by Matthew Swibel
Forbes, Dec 19 2006
Even normally bullish Forbes is starting to get the picture
courtesy, Cary
http://www.forbes.com/2006/12/19/mortgage-...tml?partner=rss


US 'could be going bankrupt'
by Edmund Conway
Telegraph UK, 14 July 2006
[quote]The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143pc."

The scenario has serious implications for the dollar. If investors lose confidence in the US's future, and suspect the country may at some point allow inflation to erode away its debts, they may reduce their holdings of US Treasury bonds.[/quote] http://www.telegraph.co.uk/money/main.jhtm.../14/ixcity.html


The United States Is In Deep Doodoo!
@ WhatReallyHappened
good article
http://www.whatreallyhappened.com/ARTICLE2/doodoo.html
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Guest_librarian_*
post Oct 20 2006, 03:32 PM
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Posts and Threads


The Fallout from the Mortgage Industry
thread started by jo56, Mar 14 2007
(Many excellent posts by Cary)
tick tock, tick tock
http://pilotsfor911truth.org/forum...wtopic=5399&hl=


China To Dump 1 Trillion $$$
(More China Dollar Speculaton news):
thread started by painter
December 18, 2006
(2 articles)
QUOTE
Sources with a U.S. Delegation in Beijing have told The Hal Turner Show  the Chinese government  has informed visiting Bush Administration officials they intend to dump One TRILLION U.S. Dollars from China's Currency Reserves and convert those funds into Euros, gold and silver!...
http://pilotsfor911truth.org/forum...showtopic=2999


America and the Dollar Illusion, Brilliant $-overview for 'long readers'
thread started by Carl Banks, kicked off by the article,
"PLAYING WITH FIRE: America and the Dollar Illusion"
by Gabor Steingart
Good stuff
http://pilotsfor911truth.org/forum...owtopic=852&hl=


The Dollar's Full System Meltdown
thread started by JDX
Kick off by OpEdNews article by Mike Whitney
http://pilotsfor911truth.org/forum...showtopic=1042
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Guest_librarian_*
post Oct 20 2006, 03:32 PM
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Other Resources


Video

Robert Newman's History of Oil

Stand up routine by Robert Newman that gets at the roots of the Iraq war - includes a sideways glance at 100 years of Middle East history, a look at the relationship between the petro-dollar and the current mess, and even a "who's-on-first" play on the names of Chinese leaders ("You and Huo's army!??" Whahahah). Brilliant!
http://video.google.com/videoplay?docid=7374585792978336967


Ron Paul: The End of Dollar Hegemony
Texas congressman Ron Paul talks about the Fed, the dollar, the gold standard, oil, and middle east wars - outstanding.
http://video.google.com/videoplay?docid=-8...=ron+paul&hl=en


The L-Curve: A Tour of the U.S. Income Distribution
from David Chandler
Short clip - it is indeed "an L curve" blink.gif
courtesy, lunk
http://video.google.com/videoplay?docid=5297476348213155147


Graph

US Debt, 1915 to (roughly) now
http://img121.imageshack.us/img121/2935/usdebtgdpyg5.jpg
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