Comments on: UN Calls for New Global Currency in Place of Greenback

By: cyberties

cyberties — Sun, 13 Sep 2009 22:00:06 +0000

I can think of only one: “Are you still here?”

By: elaine

elaine — Sun, 13 Sep 2009 19:41:20 +0000

When I listed the dates & times of CNBC replaying “Banking with Geithner” I took the schedule off their web page. Sorry it didn’t replay today, maybe tomorrow or maybe not as they appear to have scrubbed it from their web page.

By: Just Me

Just Me — Sat, 12 Sep 2009 07:21:07 +0000

When I left Europe after 12 years, the Euro was only a banking currency. If I dealt with it, it was inter-bank, the actual paper and coins were not in use.

When it actually came to fruition, we, meaning the US, were actually OK regarding exchange rates, and our costs regarding all of our activities in Europe.
I believe the rates was somewhere around .82/.85 to the dollar.

It has, of course, fluctuated. However, within the last few years, the Euro has been at points that have almost doubled our costs. And, our costs at the best of rates, are horrendus.

I am only guessing, because too lazy to check, that our costs are currently somewhere around 70 to 80 percent higher than 2002. Such increases have to play hell with budgets, yet we never hear anything about currency impacts.

I say all this to say, that I, and a certain circle of friends, consider currency matters to be deadly serious. It was, and is our belief, though it was never discussed, that of all the brash statements and utterances of defiance that Saddam made, the ones that he made regarding trying to convert oil trading to Euros sealed his fate.

There was no way the Bush admin. could allow that to happen.

It will be very interesting to see how this UN thing plays out. Perhaps Obama is the key for those that wish to facilitate such. Nothing does, or can, surprise me about Oabama.

By: elaine

elaine — Sat, 12 Sep 2009 06:59:19 +0000

CNBC will be replaying “Banking with Geithner”, a town hall style interview with Timmy the Elf Sunday Sept 13 11AM-noon, Monday Set 14 10AM-11AM & Tues Set 15 1-2pm. Don’t tune in late because right in the beginning he gets all empathetic & says the people & businesses that lived within their means and saved and invested have a right to be angry because we’re the suckers that are going to pay back the 11 Trillion & ASAP because sweet little Timmy doesn’t want to burden the children. Watch it!

By: elaine

elaine — Sat, 12 Sep 2009 06:49:58 +0000

CNBC will be replaying “Banking with Geithner”, a town hall style interview with our Treasury Sec. Sunday Sept 13 11AM-noon, Monday Sept 14 10-11AM, & Tues Sept 15 1-2pm. By all means do not tune in late because right in the beginning he’s all empathetic with us suckers who lived within our means, both individuals and businesses, did not incur debt, saved and tried to invest wisely. The Elf even says we have a right to be angry!!! But guess what? We’re the chumps that are going to pay this bill and Timmy wants it paid ASAP. 11 Trillion ASAP, he doesn’t want to burden the kids with the debt. Remember 11 Trillion doesn’t include the unwinding of the derivatives market and all those lovely “innovative products” created out of algorisms & thin air! I watched it the other night and it left me in a funk. Oh don’t forget all these loan modifications he’s hawking are almost exclusively being funded by the tax payers. Don’t fall for the myth that the banks are eating a big chunk of the modifications, their just kicking back a little TARP money.

By: TeakWoodKite

TeakWoodKite — Sat, 12 Sep 2009 06:22:34 +0000

LD since that Wolfiwitz was canned from the IMF the “BRIC” have been looking for ways to subvert the US dollar as a means to diluting the US influence. Beside it will make the wars in Iraq, Afghanistan and the US more expensive, very similar to the 1930′s and Germany in some ways.

This Un report is the “Diplomatic” effort of the same thread. I have a solution though, we could forclose on the UN. Hell do it before they raze and remodel the place.

By: elaine

elaine — Sat, 12 Sep 2009 05:48:40 +0000

If anyone has about 2 hours to watch a free film on line that may (or may not) relate to this thread (I think it does)it’s called “Zeitgeist: Addendum” by Peter Joseph, check it out. It starts off like a typical ultra conservative expose/critique of the Fed, then envelopes into a dialogue with some guy who claims he’s retired a CIA agent/analyst(?). He goes on about how the U.S. and the IMF have a long history of seducing weaker countries with predatory loans, thereby turning them into debt ridden vassal states, a situation of subordination from which they cannot escape. The film alleges if the countries in question refuse the predatory loans the US launches a military attack. Ultimately it advocates the end of all monetary systems and wishes to replace them with benevolent technology to bring about a world utopia. OK, it only tangentially relates to this thread. Yes, it’s weird. Yes, it drags in parts. I suspect it’s pure propaganda. But for who???

By: elaine

elaine — Sat, 12 Sep 2009 02:24:36 +0000

Check out Obama’s boy, Cass Sunstein’s “2nd Bill of Rights.” Maybe the progressives are running some kind of C.O.I.N. op on us….ha ha he he

By: elaine

elaine — Sat, 12 Sep 2009 02:18:41 +0000

LD, I read Joseph Stiglitz’ op ed, “New world monetary system inevitable.” Stiglitz worked in the Clinton WH as did Brent Snowcroft. Snowcroft is hawking his new book calling for global governance. And then there’s Peter Schiff’s new book & his groupies are claiming the U.S. has already issued “gold backed dollars”, that’s a hustle I find to be raw b.s. Cap gains on actual bullion is currently set at 28% compared to other cap gains still mercifully set at 15%. I’m clueless…in 2011 when cap gains goes up to 20% let’s see what rate is assigned to bullion, if it goes above 28%, we’re probably going to get cleaned out. No safe havens allowed. Remember during the campaign when Obama kept talking about Sacrifice? That’s when he wasn’t talking about hope & change.

By: NoBamaNoWay

NoBamaNoWay — Fri, 11 Sep 2009 21:15:04 +0000

correct; the powers-that-be knew that Ozero was someone that they could “do business with.” without a doubt, that is why so many of them got behind Obama early.

By: foxyladi14

foxyladi14 — Fri, 11 Sep 2009 20:13:21 +0000

missing in action

By: Larry Doyle

Larry Doyle — Fri, 11 Sep 2009 19:58:43 +0000

Diana…I shoudl be more explicit. Yes, the IMF is the International Monetary Fund.

BRIC is Brazil, Russia, India, and China….

I always maintain there are NO bad questions.

By: rw

rw — Fri, 11 Sep 2009 17:47:11 +0000

I read about this last night. The part I don’t understand is why the euro is at 1.45 today since the euro is already an established trade currency and I don’t believe the euro will be safe from an assault on it as well.

But, I did read this in forex:

This could be happening as it’s estimated that the US consumer data will be much worse than expected, reaching the worst results in the last six months.

By: Animal Control

Animal Control — Fri, 11 Sep 2009 17:02:39 +0000

It shouldn’t be, since “progress” is subjective.

By: tzada

tzada — Fri, 11 Sep 2009 16:57:34 +0000

This is from 2004. However we need to learn from past mistakes, to avoid dangers of the future.

Every legend has an echo of the truth, every mystery holds a whisper of a myth and sometimes conspiracy is true. We live in the age of all of these.

The Gold Confiscation Issue:
History And Future Predictions
http://www.gold-eagle.com/editorials_04/willis112804.html