Re: [A-List] Euro Currency War: Implications for Anti-War Movement

["Tariq Mahmood" <zaogir@xxxxxxxxxxxxxxxxxx>]

Anne,

I respect with awe all your econmic wisdom but in one case when you say:

 "PS  The Chinese learned the system, and they profited from their study:
by tying the yuan to the dollar, they only profit more from dollar decline
as their goods also become cheaper and domestic producers can not compete -
they are in position to literally suck all production, including every
manufacturing job, out of the West.  Decades ago they understood the game,
and that's why they happily took the World Bank's subsidized loans and never
let the IMF in!  A truly brilliant people."

No doubt the Chinese snatched all the production and manufacturing out of
the west, but they are now slaves of a different kind. The cheap and
industrious Chinese labour is working for the west against the inflated
paper money they get in return.

Tariq
=============
"annewilliamson" <annewilliamson@xxxxxxx> wrote:


> Hans:
>
> The effort did not begin with Bush, it began with
> the founding of the Bretton Woods institutions
> post-WWII.  I've gone blue in the face trying to
> explain dollar hegemony for seven years --
> only now are people beginning to understand it.
> This is why my book, Contagion, has been supressed
> -- not just to keep the dirty stories of what we and Harvard operatives in
cahoots with Yeltsin's quislings did in Russia in the 90s off the screen,
but because it explains the entire racket and shows how it applies to
Argentina, Turkey, Africa, etc., etc. as well as alerting Americans to the
fact that his system will consume them in the end.
>
> The tragedy for Europe is that a strong euro is not
> desirable now - the EU is suffering from a trade-weighted euro at
108-110 - if it goes higher, they simply won't be able to endure it in their
present stagnant circumstances.  And their leaders know it.  The world's
central banks will start dumping gold into the market in order to pump the
dollar back up next week, especially with Snow now on the job at Treasury to
manage the Exchange Stabilization
> Fund (which has been rudderless since O'Neil's resignation, and it was the
next day that gold's price began to rise.)
>
> The US really can't afford an over-valued
> currency either at this time, but Bush is happy for the
> population to take the hit as a falling dollar is not helpful as he goes
into Iraq.   After all, the stakes couldn't be higher - dollar hegemony or a
spiral into deflation and decline for the empire.  And Europeans will
comply, their own power and positions domestically are at stake as well as
the entire euro and EU project.
>
> I am on my knees here asking A-Listers to please, please learn the
mechanics of money and banking.  There is no ideology in this request nor in
the best source to learn it, i.e. Murray Rothbard's "The Case Against the
Fed," and "Wall Street, Banks, and American Foreign Policy."  Yes,
> Rothbard was not a Marxist, but he was a very great scholar
> and these two books, which can be purchased for about $10
> each from www.mises.org and read over a weekend, will give
> A-Listers critical knowledge and understanding which you can
> employ on behalf of your own perspectives.  You can not just
> rely on Henry's work, for which I have the greatest respect.  He
> has labored vigorously and intelligently to demonstrate how a fiat
> currency and central banking could work without the establishment
> of a tyranny, but he has not solved the problem.  Maybe he will,
> maybe one of you will, but that's a long ways down the road and
> the greatest roll of the dice the money monopoly has ever wagered
> is happening now.
>
> Until all citizens of every political view possible understand the
> money monopoly, they will be out-foxed, out-maneuvered, and
> out-gunned every time, only to remain subject to the banksters'
> perpetual looting and their politicians' nonstop betrayal, leading
> to endless wars, impoverishment, and oppression.
>
> Anne
>
 PS  The Chinese learned the system, and they profited from their study:  by
tying the yuan to the dollar, they only profit more from dollar decline as
their goods also become cheaper and domestic producers can not compete -
they are in position to literally suck all production, including every
manufacturing job, out of the West.  Decades ago they understood the game,
and that's why they happily took the World Bank's subsidized loans and never
let the IMF in!  A truly brilliant people.