Jim Willie of GoldenJackass.com, offers an entirely different theory in his recent article “Spent Dollar Momentum”. Willie opines: “Behind the scenes are the many illicit London-based firms busily buying US Treasury Bonds with freshly-printed money from the Dept of the Treasury. Their tracks are covered by the blackout on the money supply statistic. (M-3) An isolated US government with a well-oiled printing press as the primary support device makes for a dangerous currency situation.” Willie’s “conspiracy theory” jives nicely with the US Treasury’s figures on the “Foreign Financing of US Government Debt” (June 2006) Surprisingly, between 2005 and 2006 our friends in the United Kingdom purchased an additional $142 billion of USD bringing their stockpile of dollars to $201.4?!?
Why?
Why would UK investors suddenly stock up on dollars when everyone else in the currency market is bemoaning the greenback’s systemic problems? Could it be that banks in the UK are just hiding the paper trail for friends in America who want to forestall a collapse in the dollar until after the election?
Read the whole article at the Information Clearing House.
[Proofreader's note: this article was edited for spelling and typos on November 14, 2006]
Note: the Information Clearin...
Stumble It!
I have seen the poverty of the Great Depression, the suicide waves, and the starvation of the post WW2 years in Europe, and although now we're far better off with self sustenance than the vast majority, the prospect frightens me, as it will cause terrible sufferings and death to millions.
The fact that we have seen this coming and tried to warn about it won't make it easier, but at least we have a clear conscience that we've did what we could.
Ed Deak.
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My freedom is more important than your great idea.
– Anonymous
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"Son, if you wanna get ahead in this world, never work for another man as long as you live."
If humanity wants to survive, and I hope so for the sake of my grandchildren, they'll have to get back to locally based, low energy and resource input based economies.
There ain't no other way, or any future for survival.
Ed Deak.
<br />
Now factor in that Jenna Bush was in Paraguay last month, apparently to negotiate the family purchase of about 100,000 acres of property in the north of the country, close to an American airbase capable of landing a B52 and able to support 16,000 or so troops, close to scads of fresh water, close to oil reserves, and coincidentally (or not), remarkably close to where WWII Nazi's fled to hide. Incidentally, Paraguay apparently still doesn't have extradition treaties. So, maybe this is a Bush hunta contingency based on a worst case scenario, and they are fixin' to head to the survival tunnels, as it were... <br />
<br />
Check <br />
<a href="http://www.counterpunch.org/cp10202006.html">http://www.counterpunch.org/cp10202006.html</a><br />
or google 'Bush Paraguay'
It's a contridiction. No corporation takes the risk. The dollar deflates and it matters not, who has it, nor where they are. If American consortiums fear the future of American currency, they would be securing Euros. Bailing out is the the first step to security. Banks would never secure currency they believe is deflating. That would be nonsense. No bank would be willing to sacrifice their own investors and no investor is going to risk their own credibility.
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Expect little from life and get more from it.
I’ve always assumed that this highway would never be built. It’s always sounded like a warpedpipe dream to me because of the state of the US economy as reported here and everywhere, as well as soaring asphalt and fuel costs, etc.
Real Estate as well. America has always believed bigger is better but they, themselves are already looking to their car manufactures to start making smaller cars. Of course the McKenzie pipeline is not completed yet and there is always depleated plutonium.
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Expect little from life and get more from it.
"many illicit London-based firms" here: "Behind the scenes <br />
are the many illicit London-based firms busily buying US <br />
Treasury Bonds with freshly-printed money from the Dept of <br />
the Treasury." <br />
<br />
Is he onto something solid, or just living up to his <br />
Goldenjackass nom-de-plume ? <br />
<br />
Could he be referring to Tony Blair's chief fundraiser, <br />
Lord Levy and " 12 wealthy supporters to help bankroll the <br />
2005 election campaign"? Just about all the suspects are <br />
named in this pot-boiler: <br />
<<a href="http://tinyurl.com/yy36p4>">http://tinyurl.com/yy36p4></a>; <br />
<br />
e.p.1