Thread: WARNING.... U.S. Dollar Exchange Article of Interest

ok MODS...wasnt sure where to post this...i'm sure one of yous will move it if it dont belong here....pretty interesting .....

It’s Official: The Crash of the U.S. Economy has begun....

It’s official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite.

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Among those poised to profit from the crash is the Carlyle Group, the equity fund that includes the Bush family and other high-profile investors with insider government connections. A January 2007 memorandum to company managers from founding partner William E. Conway, Jr., recently appeared which stated that, when the current “liquidity environment”—i.e., cheap credit—ends, “the buying opportunity will be a once in a lifetime chance.”

The fact that the crash is now being announced by the Post shows that it is a done deal. The Bilderbergers, or whomever it is that the Post reports to, have decided. It lets everyone know loud and clear that it’s time to batten down the hatches, run for cover, lay in two years of canned food, shield your assets, whatever.

-snip-

So what is really happening? Actually, it’s simple. The difference today is that China and other large investors from abroad, including Middle Eastern oil magnates, are telling the U.S. that if interest rates come down, thereby devaluing their already-sliding dollar portfolios further, they will no longer support with their investments the bloated U.S. trade and fiscal deficits.

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What is likely to happen? I’d suggest four possible scenarios:

-snip-

the 3rd scenario is Revolution........

linky....
It’s Official: The Crash of the U.S. Economy has begun

No Diplomatic Tango for Rice at Iraq Conference

DEBKAfile Special Report

May 6, 2007, 8:14 PM (GMT+02:00)





Instead of the one-on-one between US secretary of state Condoleezza Rice and the Iranian foreign minister, the supposed piéce de résistance of the two-day conference on Iraq’s future, the occasion ended Friday, May 4, on the harsh note of the Iranian minister’s denunciation of US policy. He called for a clear US plan for the withdrawal of its troops from Iraq.

He pointedly called for the immediate release of the five Iranians US troops detained in northern Iraq in January and, even more pointedly, fought shy of any direct contact with the US secretary.

Tehran was clearly miffed at Washington’s failure to reciprocate by freeing at least one of the five Revolutionary Guards officers held in Iraq, for the former FBI agent Robert Levinson held from March 11, whom Iran released Tuesday, May 1. Neither were the clerical rulers in Tehran delighted by the disclosure by US commander, Lt. Gen. Raymond T. Odierno, in a press briefing the day before the conference that most of the 65 roadside bombs which exploded in Iraq in April were made in Iran.

Directed from Tehran, Iranian deputy foreign minister Abbas Araghchi spared exactly three minutes for the US ambassador to Iraq Ryan Crocker. At a Thursday night dinner, Manouchehr Mottaki excused himself and left when he saw he was seated opposite the US secretary. He complained the Egyptian female violist was immodestly dressed in red.

Rice settled for second best: 30 minutes with Syrian foreign minister Walid Muallem, for what she later called a “professional and businesslike” meeting. It was the first direct encounter at this level in four years and not exactly constructive.

Syria’s expatriates minister Buthaina Shaaban remarked at a news conference later that the meeting was “proof of the recognition by the US administration that it finds itself at an impasse in Iraq.” She added” “It is also proof that the American administration needs the cooperation of Iraq’s neighbors and several other countries.”

None of this diplomatic dancing reflected the process rushing ahead Iraq, although it is well known to all its partners.

DEBKAfile’s Iraq sources sum up the latest developments:

Iraq is in the process of breaking up into three autonomous or independent entities: Shiite Muslim in the south – under Tehran’s aegis; Sunni Arab in the center and west, backed and massively funded by Riyadh; and a Kurdish entity in the north, under US patronage and a magnet for heavy American, Turkish, Israeli and, more recently, Iranian investment.

According to our military sources in Iraq, the objectives of the current US military effort go beyond securing central government in Baghdad and stemming sectarian hostilities; the troops are engaged in an all-out drive to prevent the rise of a fourth entity ruled by al-Qaeda in the western Anbar province.

If and when that battle is won, the next will be fought over control of Iraq’s oil wealth. The distribution of oil revenues will have to be built into any live-and-let-live accommodations among the autonomous entities; to work, any such an arrangement must be guaranteed by US, Shiite, Kurdish and Sunni military forces.

Kurdistan is the exemplar or prototype of the nationwide process, with impact also on Iraq’s neighbors.

This northern region is in an advanced development boom - buildings, roads, bridges, air fields and hotels are springing up with Turkish contractors leading the way. These firms have a vested interested in keeping the Turkish army from attacking rebel Kurdish PKK bases in northern Iraq. Indeed, the big Turkish commercial investment in the Iraqi Kurdish construction program has divided Ankara. The army wants to seize a slice of territory in the north as a bridgehead for striking at the rebel bases. Prime minister Tayyep Erdogan has other fish to fry in Iraq: he favors a Turkish military grab for a foothold in the oil town of Kirkuk as a bargaining chip for a cut in the region’s oil riches.

Tehran to the east and Syria to the west are also eyeing the dynamic developments in Kurdistan for a chance of profit.

The Iranians are wooing the Kurdish state’s president Masoud Barzani, hoping to win him by the prospect of large-scale investments.

On the other hand, DEBKAfile’s counter-terror sources reveal that, just as the Americans have rehabilitated the Iranian opposition group Mujaheddin al-Khalq for operations inside Iran, so too Iran has resuscitated the radical Ansar al-Islam terrorist group, al Qaeda’s arm in northern Iraq before the 2003 US invasion. This group is being primed to be Iran’s “operational” arm in Kurdistan.

Damascus for the time being is concentrating military strength on the Syrian-Kurdistan border, mainly to cut off the PKK rebel route to Turkey, and watching the situation.

None of these happenings featured on the agenda of the Sharm el-Sheikh conference.

Thanks for the heads up OSW, I am rather ignorant on investing, so, I'll either have to study up on the practice, or seek professional help in this area. With the exception to what I'll be spending here, I don't think that I'll hold much U.S. currency, but as to what avenue I'll take, I don't really know.

Originally Posted by texasaggies

Thanks for the heads up OSW, I am rather ignorant on investing, so, I'll either have to study up on the practice, or seek professional help in this area. With the exception to what I'll be spending here, I don't think that I'll hold much U.S. currency, but as to what avenue I'll take, I don't really know.

Greetings,

Yes, there will be many strategies we will all be tallking about, and many for the first time, so all the suggestions and advice we can learn before the fact will better prepare us after the fact. This is what forums are best at, sharing information for the betterment of all members, so stay tuned.

Good luck and health to all, Mike

Wow, thank you.
That's all today - Just a Big Thank You.

I am oh so so excited!!!

laura

Interesting,

The U.S. dollar has hit another all time low against pound sterling, lowest in 26 years. Where will it end? Stay tuned.

Good luck and health to all, Mike

Actually this is going right along the lines of NAFTA, creating a North American Union, consisting of Mexico, Canada and the USA.

The Dollar will die and up will pop the Amero

Zeitgeist - The Movie, 2007 Here is a very depressing video to watch, and there are a host of articles on the net regarding the Amero, the currency for the new United Whatever

The Plan to Replace the Dollar With the 'Amero' - HUMAN EVENTS

The idea to form the North American Union as a super-NAFTA knitting together Canada, the United States and Mexico into a super-regional political and economic entity was a key agreement resulting from the March 2005 meeting held at Baylor University in Waco, Tex., between President Bush, President Fox and Prime Minister Martin.

A joint statement published by the three presidents following their Baylor University summit announced the formation of an initial entity called, “The Security and Prosperity Partnership of North America” (SPP). The joint statement termed the SPP a “trilateral partnership” that was aimed at producing a North American security plan as well as providing free market movement of people, capital, and trade across the borders between the three NAFTA partners:

We will establish a common approach to security to protect North America from external threats, prevent and respond to threats within North America, and further streamline the secure and efficient movement of legitimate, low-risk traffic across our borders.

A working agenda was established:

We will establish working parties led by our ministers and secretaries that will consult with stakeholders in our respective countries. These working parties will respond to the priorities of our people and our businesses, and will set specific, measurable, and achievable goals.

The U.S. Department of Commerce has produced a SPP website, which documents how the U.S. has implemented the SPP directive into an extensive working agenda.

Following the March 2005 meeting in Waco, Tex., the Council on Foreign Relations (CFR) published in May 2005 a task force report titled “Building a North American Community.” We have already documented that this CFR task force report calls for a plan to create by 2010 a redefinition of boundaries such that the primary immigration control will be around the three countries of the North American Union, not between the three countries. We have argued that a likely reason President Bush has not secured our border with Mexico is that the administration is pushing for the establishment of the North American Union.

The North American Union is envisioned to create a super-regional political authority that could override the sovereignty of the United States on immigration policy and trade issues. In his June 2005 testimony to the U.S. Senate Foreign Relations Committee, Robert Pastor, the Director of the Center for North American Studies at American University, stated clearly the view that the North American Union would need a super-regional governance board to make sure the United States does not dominate the proposed North American Union once it is formed:

NAFTA has failed to create a partnership because North American governments have not changed the way they deal with one another. Dual bilateralism, driven by U.S. power, continue to govern and irritate. Adding a third party to bilateral disputes vastly increases the chance that rules, not power, will resolve problems.

This trilateral approach should be institutionalized in a new North American Advisory Council. Unlike the sprawling and intrusive European Commission, the Commission or Council should be lean, independent, and advisory, composed of 15 distinguished individuals, 5 from each nation. Its principal purpose should be to prepare a North American agenda for leaders to consider at biannual summits and to monitor the implementation of the resulting agreements.

Pastor was a vice chairman of the CFR task force that produced the report “Building a North American Union.”

Pastor also proposed the creation of a Permanent Tribunal on Trade and Investment with the view that “a permanent court would permit the accumulation of precedent and lay the groundwork for North American business law.” The intent is for this North American Union Tribunal would have supremacy over the U.S. Supreme Court on issues affecting the North American Union, to prevent U.S. power from “irritating” and retarding the progress of uniting Canada, Mexico, and the U.S. into a new 21st century super-regional governing body.

Robert Pastor also advises the creation of a North American Parliamentary Group to make sure the U.S. Congress does not impede progress in the envisioned North American Union. He has also called for the creation of a North American Customs and Immigration Service which would have authority over U.S. Immigration and Customs Enforcement (ICE) within the Department of Homeland Security.

Pastor’s 2001 book “Toward a North American Community” called for the creation of a North American Union that would perfect the defects Pastor believes limit the progress of the European Union. Much of Pastor’s thinking appears aimed at limiting the power and sovereignty of the United States as we enter this new super-regional entity. Pastor has also called for the creation of a new currency which he has coined the “Amero,” a currency that is proposed to replace the U.S. dollar, the Canadian dollar, and the Mexican peso.

If President Bush had run openly in 2004 on the proposition that a prime objective of his second term was to form the North American Union and to supplant the dollar with the “Amero,” we doubt very much that President Bush would have carried Ohio, let alone half of the Red State majority he needed to win re-election. Pursuing any plan that would legalize the conservatively estimated 12 million illegal aliens now in the United States could well spell election disaster for the Republican Party in 2006, especially for the House of Representative where every seat is up for grabs.

Good topic Mike, for those of you looking at investing, I deal in precious metals on a daily basis and you can't go wrong. Check out Titanium Metals (TIE) and the progress it made last year and where Titanium is going this year.

Originally Posted by azmia

Actually this is going right along the lines of NAFTA, creating a North American Union, consisting of Mexico, Canada and the USA.

The Dollar will die and up will pop the Amero

Zeitgeist - The Movie, 2007 Here is a very depressing video to watch, and there are a host of articles on the net regarding the Amero, the currency for the new United Whatever

The Plan to Replace the Dollar With the 'Amero' - HUMAN EVENTS


Good topic Mike, for those of you looking at investing, I deal in precious metals on a daily basis and you can't go wrong. Check out Titanium Metals (TIE) and the progress it made last year and where Titanium is going this year.

Good post Azmia.

Yes, I am heavy into metals too, good strategy. Look at cobalt for next uranium like rise. Titanium will tag along with gold, silver looking good too.

Good luck and health to all, Mike

Originally Posted by Offshore-Wealth.com

Interesting,

The U.S. dollar has hit another all time low against pound sterling, lowest in 26 years. Where will it end? Stay tuned.

Good luck and health to all, Mike

I know where it will end...in the worst depression the likes that has never been seen by this country...Rest In Peace for the USD and any stocks etc...associated with the USD. It will be a blood bath for holders and holdings in the once mighty USD. As a US citizen, this is very hard for me to say BUT I can't deny the truth.

hmmmmmmmm. how is all of this gonna affect our checking or savings accounts?