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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
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October
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- Ron Paul on Larry King
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- Hayek on Keynes
- Quote - F.A. Hayek on Economic Dictatorship
- Lord Chrisotpher Monckton: Obama to cede US Sovrei...
- Ron Paul On Afghanistan
- Southern Avenger - Lindsey Graham vs. Ron Paul
- Quote - F. A. Hayek
- Cartoon in The Chronicle Herald
- Dollar Losing Reserve Status To Yen and Euro
- Talking Politics With IT Admin In New York, NY
- Southern Avenger: The Nobel Police Prize
- On Obama
- Dollar Reaches Breaking Point as Banks Shift Reser...
- Ron Paul: What If?
- Grayson on Afghanistan
- Who Obama Beat For The Nobel Peace Prize
- absurd decision on Obama makes a mockery of the No...
- Obama and Nobel: A Follow-Up
- Michael Moore: Babbling Idiot When Challenged
- Obama Wins Nobel Peace Prize
- Quote - F. A. Hayek
- Quote - Ivor Thompson
- Southern Avenger: Iran, Iran So Far Away
- "World Is Giving America A Collective" Middle Finger
- "The Demise Of The Dollar"
- Ron Paul On Foreign Policy From The Floor
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6 comments:
All of those countries denied the report, so without evidence this is merely hearsay gossip.
Because after a report like that the first think all of these countries are going to do is admit to it....lol. The world economy would collapse.
The writer of the article is supposed to be credible and he's writing in a credible paper. "The New York Times once described Robert Fisk as "probably the most famous foreign correspondent in Britain."[3] He reported the Northern Ireland troubles in the 1970s, the Portuguese Revolution in 1974, the Lebanese Civil War, the Iranian revolution in 1979, the Soviet war in Afghanistan, the Iran–Iraq War, the Gulf War and the invasion of Iraq in 2003. A vernacular Arabic speaker, he is one of few Western journalists to have interviewed Osama bin Laden, three times between 1994 and 1997.[4][5] Awards include being voted International Journalist of the Year seven times."
Something tells he's not just making shit up, and that's why gold soared after his article came out, and almost every country mentioned got their back up about it. Though, you don't need to read that article to see what's happening, you just need to pay attention to the actions of the countries mentioned.
Which actions?
Again, when someone writes something without evidence to back it up, it is at best argument and at worst hearsay gossip.
Iraq was demanding euros for oil before it was conquered, and now Iran is moving strictly to euros; do you think they are the only oil nation to do so? Consistently we hear China, Russia, Germany, Japan, and Saudi Arabia call for a new reserve currency. Japan is demanding yen back for its US debt while promoting a strong currency now and at the same time have elected an anti-US government. China is buying up as much gold as possible, while beginning to issue its own debt. Why would a country that has no need to have debt be issuing debt? To build a dependency on the yuan of course. Australia is raising interest rates promoting a strong currency for itself. Meanwhile the US dollar is hitting all time lows and gold is hitting all time highs.
And this is just what we know.
Good thing they will all lose if the dollar falls. And good thing China only holds 6% of the total debt.
"Good thing they will all lose if the dollar falls. And good thing China only holds 6% of the total debt."
At some point they're going to realize they've already lost; it'll happen as soon as they can't buy oil with those dollars. I like how when you place the word "only" before "6%" it makes it sound like its insignificant.
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