A-list
mailing list archive
[ Other Periods
| Other mailing lists
| Search
]
Date:
[ Previous
| Next
]
Thread:
[ Previous
| Next
]
Index:
[ Author
| Date
| Thread
]
Re: [A-List] Re: India/Pakistan: Talk of war
----- Original Message -----
From: VMontgo32@xxxxxxx
The dollar is going to devalue anyway - colors or no colors. Though this
article is somewhat
naive and not exactly on target concerning devaluation, it does focus on a
plan the Fed has
been kicking around for some time, "domestic" dollars vs. "international"
dollars, as well as
the old Keynesian idea of "time-stamped" money as presented by VA Fed
governor Goodfriend
just several years ago. ("Time-stamped" money is a device meant to deal
with deflation, an
economic environment in which people don't spend as in contemporary Japan.
The idea is that
money not spent loses value over time, so that a dollar unspent within 6
mo.s becomes worth
only 96 cents say.)
Gold bugs are chipper these days because of the action in the gold market.
I suggest that the
current rise is deceptive -- and that gold will be slammed quite
significantly one more time.
This "breather" will allow the bullion banks to grapple with their extensive
shorts, and for
insiders to consolidate ownership of mines. The CBs are coming to an
arithmetic end to their
ability to manipulate the gold market, but we're not there yet. But I do
believe we are near to
the time when we shall witness fantastic acrobatics on the part of the
monetary authorities to
save the fiat system, upon which their legitimacy rests. A plan for
currency of different colors
would be an early move along these lines.
Anne
Upcoming New Colored US Currency
By ETGeorgia@xxxxxxx
http://www.rense.com/general25/dedl.htm
In a shocking revelation, the U.S. Treasury has announced it will soon issue
a new paper currency. The Wall Street Journal of March 19 reported that the
Treasury will maintain the design of the old currency but will introduce
"subtle colors." This announcement coincides with the dollar near all-time
record strength against a basket of other major international currencies.
So what does this portend for the future of the U.S. Dollar? Devaluation!
There can be no other explanation for the introduction of a colored
currency, which will represent a bifurcated dollar policy of a
domestic-use-only dollar for Americans and a foreign dollar overseas.
The U.S. version of the currency would be valid only within U.S. borders.
It also is a rather convenient way of driving out hoarded cash from among
U.S. citizens who try to circumvent the banking establishment. This is the
second time the Treasury has attempted a major overhaul of the domestic
dollar. The last time was in 1996 when a major redesign of the actual
engraving began and was completed in 1999 featuring water marks, security
threads, altered portraits, and a script of metallic ink at the bottom of
one side of the bills. When run through a scanner utilized in processing
checks by a bank, it reveals a hidden code number which allows cash to be
traceable.
Comments Lawrence Patterson of Criminal Politics magazine, "There has been
more manipulation of the money than you can imagine!" The colored money is
due out in 12 months or so according to the WSJ, but may be introduced
sooner. Advises Patterson, "Convert cash hordes in advance, or lose it!"
As one analyst notes, "A colored currency alongside of the regular green
currency raises suspicion of a dual-currency system, with the colored
currency utilized either internally or externally and the alternate currency
limited likewise."
Another shocking revelation concerning the dollar was revealed in the March
20 edition of WSJ. In an article appearing under the headline "Citibank Wins
Broader Role in Shanghai," it was learned that the citizens of Communist
China have banking options now that Americans do not. Specifically, Chinese
citizens can have a foreign currency bank account in the Shanghai branch of
Citibank. This means that an ordinary Chinese citizen can denominate their
savings at a local bank in a currency other than the local Yuan. This is
tantamount to you being able to walk into your local bank and denominate
your savings account, a certificate of deposit, or checking account in Pound
Sterling, the Euro, or the Swiss Franc! According to Criminal Politics, "The
reason you are not allowed this option, while under Communist rule these
options are granted, is because the future of the U.S. dollar is not what it
seems!
The dollar will be massively devalued because we are approaching
unsustainable trade debts of a trillion dollars a year. That's one thousand
billion dollars a year. "The accumulated trade debts over the decades are
another figure. That figure is already in the trillions of dollars and
cannot be allowed to race ahead.
Your standard of living will be taking a drastic decline because imported
products will be costing you a lot more so that the trade debts can be
reduced. This is why you cannot denominate a bank account in non-U.S.
currencies."
This information should be a shock to you, and you should take heed in
deploying your assets outside the U.S. dollar.
- Thread context:
- [A-List] Europe/US rivalry: Bush's very meaningful speech,
Sabri Oncu Thu 23 May 2002, 19:42 GMT
- [A-List] Spain: Labor struggles,
Sabri Oncu Thu 23 May 2002, 19:24 GMT
- [A-List] Re: India/Pakistan: Talk of war,
Bob Enoch Thu 23 May 2002, 11:09 GMT
- [A-List] India/Pakistan: Talk of war,
Sabri Oncu Thu 23 May 2002, 06:32 GMT
- [A-List] Turkey: Prime Minister's illness,
Sabri Oncu Thu 23 May 2002, 04:52 GMT
- [A-List] Destructive destruction: The way we will live in 2032,
Sabri Oncu Thu 23 May 2002, 04:40 GMT
[ Other Periods
| Other mailing lists
| Search
]