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To: long-gone who wrote (50833)	3/28/2000 7:20:00 PM
From: TD	Read Replies (2) \| Respond to of 116767

The assault on the purity of the composition of the dollar came on April 20, 1933 when newly-elected President Roosevelt signed the Emergency Banking Act. This legislation made it illegal for "Joe Average American" to own gold and required private citizens to turn in their gold while allowing for the countries of the world holding our currency to convert to gold at any time. With the exception of coin collectors, all American citizens who owned gold or who had Gold Certificates were required to turn their gold in exchange for paper currency issued by the Federal Reserve. In 1944, the United Nations sponsored the UN Monetary and Financial Conference, known as the "Bretton Woods" Monetary Conference as it was held in Bretton Woods, New Hampshire. There 700 delegates from 44 countries met to determine the value of money in the post-World War II era. At this conference, the United States dollar, which had the highest amount of gold reserves backing it, was named the international reserve currency of the world. What this meant was that all of world commerce would use the dollar to trade with and all other currencies would be linked to it at a fixed exchange rate, thus stabilizing the value of world currencies to the value of the dollar. In addition, participating countries could convert their dollars to gold at any time, if they chose to do so. (Currently there is discussion to restructure the agreements made at Bretton Woods by removing the dollar as the world's reserve currency.) From that time, until 1968, when French President Charles deGaulle requested of President Lyndon Johnson that the paper dollars he held be converted to gold, the dollar was premier, as it had plenty of gold backing it, or so everyone thought. It was President deGaulle who very astutely realized that America was monetizing their debt to finance the Vietnam War and he wanted his dollars in gold before the gold window was closed. By the time he converted in June of that year, our gold reserves had dwindled from $30B in 1944 to less than $10.5B. It was, however, President Richard M. Nixon who closed the gold window on August 13, 1971, thus changing the nature of the world monetary system forever and perhaps signaling the "countdown to a world currency."

To: long-gone who wrote (50833)	3/28/2000 7:25:00 PM
From: lorne	Read Replies (1) \| Respond to of 116767

OT. Richard this is a pretty good site if your interested in Tiawan news. Japan to Offer Support If US Is Involved in Cross-Strait War 2000.03.29@3:01am Taiwan time updated " Taipei, March 28 (CNA) A Japanese expert specializing in the China problem said here on Tuesday that Japan will at least offer logistical support in accordance with the "Japan-US Security Pact" if the United States becomes involved in a cross-strait war. " Keiji Furuya, president of the Chinese Communist Issues Studies Institute, made the remarks when he was interviewed by CNA in the morning. Furuya, who headed a Japanese delegation to attend a seminar on the mainland China issue sponsored by the International Relations Institute, called on the Democratic Progressive Party in Taipei, where he met with Lee Yi-yang, deputy secretary general of the DPP's election headquarters. In the eyes of the Japanese people and the international community, mainland China and Taiwan are virtually different countries, and each has its own independent sovereignty, Furuya said. Although Japan did not clearly declare its direct involvement in cross strait affairs, Japan will keep in step with the United States in accordance with the Japan-US Security Pact, Furuya said. He pointed out that after the power transition in May, Taiwan will become a real democratic country. He believed that Japan may upgrade its exchanges with Taiwan to the official level in the foreseeable future. Japan has maintained non-official relations with Taiwan since diplomatic relations were suspended in 1972. chinatimes.com.tw

To: long-gone who wrote (50833)	3/28/2000 10:13:00 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 116767

OT Richard, This is how I see the China-Taiwan invasion. What does China want out of Taiwan? Land, no. Resources, no. People, yes. Economic engine, yes. Does a military invasion accomplish this? No. The opposite, if anything. The people who drive the economic engine will flee. Then why make such overtures? To generate fear in the Taiwanese. To prepare the way for a "peaceful" resolution. ie. assimilation by feigning capitulation, putting away the guns they had no intention of using. So what you are reporting (with admirable frequency) is the Chinese attempt to polarize the US against military action, and scare Taiwan into making a non-military assimilation "One China" a more palatable option.