'The War Is Not Over'

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So Long, US Dollar

The Media Won't Touch This Story About The End Of The US Dollar

By Marin Katusa

May 01, 2012 "Casey Research" -- There's a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country's importance in the world: the demise of the US dollar as the world's reserve currency.

For decades the US dollar has been absolutely dominant in international trade, especially in the oil markets. This role has created immense demand for US dollars, and that international demand constitutes a huge part of the dollar's valuation.

Not only did the global-currency role add massive value to the dollar, it also created an almost endless pool of demand for US Treasuries as countries around the world sought to maintain stores of petrodollars. The availability of all this credit, denominated in a dollar supported by nothing less than the entirety of global trade, enabled the American federal government to borrow without limit and spend with abandon.

The dominance of the dollar gave the United States incredible power and influence around the world… but the times they are a-changing. As the world's emerging economies gain ever more prominence, the US is losing hold of its position as the world's superpower. Many on the long list of nations that dislike America are pondering ways to reduce American influence in their affairs. Ditching the dollar is a very good start.

In fact, they are doing more than pondering. Over the past few years China and other emerging powers such as Russia have been quietly making agreements to move away from the US dollar in international trade. Several major oil-producing nations have begun selling oil in currencies other than the dollar, and both the United Nations and the International Monetary Fund (IMF) have issued reports arguing for the need to create a new global reserve currency independent of the dollar.

The supremacy of the dollar is not nearly as solid as most Americans believe it to be. More generally, the United States is not the global superpower it once was. These trends are very much connected, as demonstrated by the world's response to US sanctions against Iran.

US allies, including much of Europe and parts of Asia, fell into line quickly, reducing imports of Iranian oil. But a good number of Iran's clients do not feel the need to toe America's party line, and Iran certainly doesn't feel any need to take orders from the US. Some countries have objected to America's sanctions on Iran vocally, adamantly refusing to be ordered around. Others are being more discreet, choosing instead to simply trade with Iran through avenues that get around the sanctions.

It's ironic. The United States fashioned its Iranian sanctions assuming that oil trades occur in US dollars. That assumption – an echo of the more general assumption that the US dollar will continue to dominate international trade – has given countries unfriendly to the US a great reason to continue their moves away from the dollar: if they don't trade in dollars, America's dollar-centric policies carry no weight!

It's a classic backfire: sanctions intended in part to illustrate the US's continued world supremacy are in fact encouraging countries disillusioned with that very notion to continue their moves away from the US currency, a slow but steady trend that will eat away at its economic power until there is little left.

Let's delve into both situations – the demise of the dollar's dominance and the Iranian sanction shortcuts – in more detail.



.

9/11 A Special day for Terrorists- Strange Events and oddities- Part- 84A

• 9/11 - Egyptian Had Aircraft 'Pilot Radio' In Hotel Room Near WTC On 9/11
"An Egyptian man appeared in court in Manhattan last night charged with lying to investigators about a radio designed to communicate with airplane pilots found in a hotel room near the twin towers where he was staying on 11 September.

Court papers said that Abdallah Higazy entered the US on 27 August on a student visa and checked into the Millennium Hilton Hotel next to the World Trade Centre. He was not due to leave the hotel until 25 September. His room was on the 51st floor and had a direct view of the towers.

The complaint said that Mr Higazy had the radio hidden with other belongings in the small combination safe in the room. The type of radio involved, a transceiver, can be used for air-to- air and ground-to-air communications and is often used by pilots for talking to one another.

All the guests at the Millennium were evacuated soon after the two planes crashed into the towers. The radio was found by hotel security staff some time later. They then informed the FBI.

FBI agent Christopher Bruno said in the court papers that Mr Higazy returned to the hotel on 17 December to retrieve his things. It was then that he and other FBI agents intervened and questioned him.
Agent Bruno said that when an agent showed the pilot radio to Mr Higazy, he "stated that the radio was not his; that he had never seen it before; that he did not know what it was; that he could not even guess what it was; and that it could not have been found in his room".

Mr Higazy was held by the FBI as a material witness to the terrorist attack. But the authorities later decided to charge him with perjury, accusing him of lying about the radio.

While he claimed to be ignorant about the radio, Mr Higazy told investigators that he had served in the Egyptian Air Corps and thus had some expertise in aviation communications." - Independent UK (01/12/02)[Reprinted at: Rense.com ]

rider wrote:

<quoted text>Build the military because we all know there isn't any fraud in war. Give tax exempt status to religious and charitable org as there is no fraud in them. lmao! Subsidies to big oil because they are fraudless.

Finally, oil production is on the upswing in the US after 40 years of decline. Whose is greasing Obama's palm?

frank wrote:

<quoted text>
Howdy sandbox boy, I know what I said but "divide and conquer" is Scott Walker's baby your sand-box routine is kicking sand in your face

No, Frankly, in #280761 you said this, what Bill said, not Scott Walker. Geez, stop mixing lighter fluid with your sinse.

This is what Bill Clinton really said last Friday in Milwaukee:
“And now they look at Wisconsin, and they see America’s battleground between people who want to work together to solve problems, and people who want to divide and conquer — people who know that creative cooperation is working in America, and people who want constant conflict.

How's that recall coming, Big Boy?

Howard Zinn

from his book "On History", p49

Since our political system—bi-partisan in its coldness to human rights—determines that no candidate will talk about such a system cannot be respected. It can only be protested against, challenged, or, in the words of the Declaration of Independence, referring to a government that has violated its responsibility to its people,''altered or abolished." That's a tall order, but it can be prepared for by a multitude of short steps, in which citizens act, outside of the party system, to redress their grievances. Ultimately, the power of government, of big business, is fragile. We have seen this many times in history. When people, moved by indignation, wanting to live in a decent society, act together, a new and irresistible power is created, and democracy comes alive.

John_PA wrote:

<quoted text>EPA might have been started by Nixon but they are Democratic pitbulls

Taken another way, the EPA has eliminated 70% of American smog in the last 40 years.

Absolutely no need for the global warming push on the poison we breathe out, or drink in sodas. Can you imagine a CO2 detector required in your residence?

The job was already taken care of. Okay, maybe in the large area around Hollywood it is too foggy to see. Clean Hollywood up first.

Another Democrat under surveillance.$5 billion mistake at Jamie's favorite business, and you get to retire with a golden handshake.

http://money.cnn.com/2012/06/05/news/companie...

Watch Peter Pan try to wiggle and squirm.

Nice work with the sleight of hands, though.

Professional

uIdiotRacesMAkeWorldPeace wrote:

Howard Zinn
from his book "On History", p49
Since our political system—bi-partisan in its coldness to human rights—determines that no candidate will talk about such a system cannot be respected. It can only be protested against, challenged, or, in the words of the Declaration of Independence, referring to a government that has violated its responsibility to its people,''altered or abolished." That's a tall order, but it can be prepared for by a multitude of short steps, in which citizens act, outside of the party system, to redress their grievances. Ultimately, the power of government, of big business, is fragile. We have seen this many times in history. When people, moved by indignation, wanting to live in a decent society, act together, a new and irresistible power is created, and democracy comes alive.

Democracy may just be coming alive in Wisconsin tonight. Tune in.

So, will there be signatures ready for yet another recall next month?

Just wondering, Frankly.

The view from the Left: Huffington Post:

50% of precincts.

Scott Walker Defeats Tom Barrett: Wisconsin Recall Results 2012

http://elections.huffingtonpost.com/2012/wisc...

MUQ wrote:

News you will not see or hear on CNN and FOX News
http://www.informationclearinghouse.info/arti...
So Long, US Dollar
The Media Won't Touch This Story About The End Of The US Dollar
By Marin Katusa
May 01, 2012 "Casey Research" -- There's a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country's importance in the world: the demise of the US dollar as the world's reserve currency.
For decades the US dollar has been absolutely dominant in international trade, especially in the oil markets. This role has created immense demand for US dollars, and that international demand constitutes a huge part of the dollar's valuation.
Not only did the global-currency role add massive value to the dollar, it also created an almost endless pool of demand for US Treasuries as countries around the world sought to maintain stores of petrodollars. The availability of all this credit, denominated in a dollar supported by nothing less than the entirety of global trade, enabled the American federal government to borrow without limit and spend with abandon.
The dominance of the dollar gave the United States incredible power and influence around the world… but the times they are a-changing. As the world's emerging economies gain ever more prominence, the US is losing hold of its position as the world's superpower. Many on the long list of nations that dislike America are pondering ways to reduce American influence in their affairs. Ditching the dollar is a very good start.
In fact, they are doing more than pondering. Over the past few years China and other emerging powers such as Russia have been quietly making agreements to move away from the US dollar in international trade. Several major oil-producing nations have begun selling oil in currencies other than the dollar, and both the United Nations and the International Monetary Fund (IMF) have issued reports arguing for the need to create a new global reserve currency independent of the dollar.
The supremacy of the dollar is not nearly as solid as most Americans believe it to be. More generally, the United States is not the global superpower it once was. These trends are very much connected, as demonstrated by the world's response to US sanctions against Iran.
US allies, including much of Europe and parts of Asia, fell into line quickly, reducing imports of Iranian oil. But a good number of Iran's clients do not feel the need to toe America's party line, and Iran certainly doesn't feel any need to take orders from the US. Some countries have objected to America's sanctions on Iran vocally, adamantly refusing to be ordered around. Others are being more discreet, choosing instead to simply trade with Iran through avenues that get around the sanctions.
It's ironic. The United States fashioned its Iranian sanctions assuming that oil trades occur in US dollars. That assumption – an echo of the more general assumption that the US dollar will continue to dominate international trade – has given countries unfriendly to the US a great reason to continue their moves away from the dollar: if they don't trade in dollars, America's dollar-centric policies carry no weight!
It's a classic backfire: sanctions intended in part to illustrate the US's continued world supremacy are in fact encouraging countries disillusioned with that very notion to continue their moves away from the US currency, a slow but steady trend that will eat away at its economic power until there is little left.
Let's delve into both situations – the demise of the dollar's dominance and the Iranian sanction shortcuts – in more detail.
.

More to it! As i have engendered angry sentiment for what my US Imperial agendas the ill macroeconomic is doing to many, it's a coup d'ete on AMerican's economic/financial Well-being and a war on the world!I would like to hear from all on this thread

Arb,

Why watch Wiscosin tonight it all crooked ,it endeared to Corporatist agendas?

Hey ARB!

No such animal as Democracy in making!!
READUP
French worker-philosopher Simone Weil

Early in 1945 she wrote in a new magazine called
Whether the mask is labeled Fascism, Democracy, or Dictatorship or the Proletariat, our great adversary remains the Apparatus—the bureaucracy, the police, the military.... No matter what the circumstances, the worst betrayal will always be to subordinate ourselves to this Apparatus, and to trample underfoot, in its service, all human values in ourselves and in others.

uIdiotRacesMAkeWorldPeace wrote:

Hey ARB!
No such animal as Democracy in making!!
READUP
French worker-philosopher Simone Weil
Early in 1945 she wrote in a new magazine called
Whether the mask is labeled Fascism, Democracy, or Dictatorship or the Proletariat, our great adversary remains the Apparatus—the bureaucracy, the police, the military.... No matter what the circumstances, the worst betrayal will always be to subordinate ourselves to this Apparatus, and to trample underfoot, in its service, all human values in ourselves and in others.

You just quoted Zinn:

"When people, moved by indignation, wanting to live in a decent society, act together, a new and irresistible power is created, and democracy comes alive."

Do you want to recall what you just wrote?

uIdiotRacesMAkeWorldPeace wrote:

Hey ARB!
No such animal as Democracy in making!!
READUP
French worker-philosopher Simone Weil
Early in 1945 she wrote in a new magazine called
Whether the mask is labeled Fascism, Democracy, or Dictatorship or the Proletariat, our great adversary remains the Apparatus—the bureaucracy, the police, the military.... No matter what the circumstances, the worst betrayal will always be to subordinate ourselves to this Apparatus, and to trample underfoot, in its service, all human values in ourselves and in others.

Wake up, MacRango says. Weil died in 1943.

http://en.wikipedia.org/wiki/Simone_Weil

arbitrageur wrote:

<quoted text>
Wake up, MacRango says. Weil died in 1943.
http://en.wikipedia.org/wiki/Simone_Weil

Wise quote as it applies yesterday and today and for future!

Are you living in isolation? Look to our big US cities is filled with Armed Soldiers/polices. Omaba couple year back initiated A few US batallion on standby alert and provide Armed gears.. for police in all US cities.

You been sleeping again!

arbitrageur wrote:

<quoted text>
You just quoted Zinn:
"When people, moved by indignation, wanting to live in a decent society, act together, a new and irresistible power is created, and democracy comes alive."
Do you want to recall what you just wrote?

What i mean if you look to Philippines a Corrupted Democracy (US puppet state) had not provide prosperity to it people, as 90% of populace are Unemployed/underemployed!

Penny Lernoux, Cry of the People, p56

"The Americans are killing us" is a cry repeated throughout Latin America, often by once-loyal friends of the United States who were brought up to believe that U.S. democracy is a "shining beacon for the Free World." Between 1950 and 1975 the United States trained 71,651 Latin-American military personnel, including 8 of the region's current dictators, and in addition supplied $2.5 billion worth of armaments.

Usually people think that countries who are against USA loose...

But in reality those countries who are "friends" of USA loose More than which are its enemies!!

USA 's firendship suck these people dry, on moral level as well as on trade and other level also.

Now China is under scanner....it was much better off when it was "enemy of USA" after becoming Friend of USA it has to loose many things.

MUQ wrote:

Usually people think that countries who are against USA loose...
But in reality those countries who are "friends" of USA loose More than which are its enemies!!
USA 's firendship suck these people dry, on moral level as well as on trade and other level also.
Now China is under scanner....it was much better off when it was "enemy of USA" after becoming Friend of USA it has to loose many things.

Just hang loose