Ali opines: <<"Who would have ever thought of 5 years ago that the ..... Euro would be a real threat to the American $ ...? In interesting times we live! ">>
Ali, I must offer an "ahemmmmmm" to your point #2 in your "whuddathunk" litany, if that's allright.
I THOUGHT THE EURO would compete (don't consider it 'a threat') to the US$ 5 years ago!!!
Perhaps you've missed some of my patient explanations and outlines of the highpoints of the 1943 Bretton Woods-Currency Accord for the rebuilding of Europe ---which among other significant events birthed the IMF which we all know and "luv" in varying degrees...(in my case...love to hate...)
That plan, agreed to and signed off on by FIFTY-SIX nations, agreed to a format of 3 RESERVE "read globally accepted for international payments" CURRENCIES
The First one was the acknowledged US$.
You see, the german and french and British currencies were already trashed...no use looking there post WWII
The second one was namedBACK IN 1943 EMU, changed to EU and now called the EURO.
It's sole purpose was to be a GOAL, a measuring stick of success of post Europe Rebuild after WWII, a COMPETITING CURRENCY for the US$.
That was EURO's articulated purpose, mission statement and end result---YES in 1943. And it was forecast to take be COMPLETELY place in 2002 for it's initial rollout. And here's a hint...the reason why gold was sold by UK was not because Brown woke up one day and decided Gt Britain had too much gold. The UK is about to join the EU currency "group"...and one of the measuring metrics is "amount of gold on the "govt books" before an application to join this group of trading partners with common currency will be permitted to be included.
One only has to look at how the current nations in the EU clique had to "dispose of their over asset-class limits gold reserves" were disposed of to see the REAL motivation behind UK gold auctions.
And for a further newsflash:
THERE IS A 3rd COMPETING CURRENCY UNIT called for in 1943's agreement which birthed the EU. That is called the AMU or ASIAN MONETARY UNIT.
It is a few years off, BUT NOT many.
And into this melee, in 1983, the Islamist applied to and received recognition of the IMF under the noble sounding auspices of "we'll take care of our own instead of depending upon you white/European/capitalist pigs." They received the "exemption" to create their own "currency" and picked GOLD, physical gold, as their currency of choice."
SO, now we have 3 OUTTED RESERVE currencies on equal/superior(?) footing to the yankee buck, and a 4th Bouncing Baby Currency on the way.
These are not "threats," Ali... I submit this was and is the "pre-destined plan" working its way through the post millenial consciousness.
I certainly don't feel threatened by the Euro or Amu, or even the dinar.
3 currencies and GOLD is what it is. I must, have and will continue to adapt.
I suggest the post 1943 world...especially with the sleeping giant Chinese and their Yuan on the move--will also adapt and confirm and chose and switch.
Thanks for the chance to bring these points to your attention.
gold & platinum_tutor. |
