Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (2567)	11/23/2007 10:34:55 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 71479

old story from september. but it still gave me a thrill chill. <g>

To: Giordano Bruno who wrote (2567)	11/23/2007 1:20:52 PM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 71479

According to the Council of Canadians, an organization called The North American Competitiveness Council (NACC) is the “beard” for certain multinational corporations responsible for bringing leaders of Canada, Mexico and the United States to the table. The NACC is comprised of 30 North American multinational corporations. Its U.S. members include (according to an October 12 press release by The Council of Canadians and the U.S. Chamber of Commerce website) the Campbell Soup Company, Chevron Corporation, Ford Motor Corporation, FedEx Corporation, General Electric Company, General Motors Corporation, Kansas City Southern, Lockheed Martin Corporation, Merck & Co., Inc., Mittal Steel USA, New York Life Insurance Company, Procter & Gamble, UPS, Wal-Mart Stores, Inc., and Whirlpool Corporation. So, as far as media coverage goes, ask yourself: How many commercial news enterprises might be in a position to be hurt by one or more of those corporations as regards cessation of advertising revenue? Well, NBC, formerly one of the “Big Three” is owned by General Electric (see above), so that news agency could simply have been ordered off of the story. While neither the Council of Canadians and the Canadian Action Party have indicted Disney (which owns ABC) or Sony (which owns CBS but is not a North American corporation), it’s not a huge intellectual jump to surmise that any one or more of the companies they hold might have a CEO or two in the SPP sessions. "So far, only 30 CEOs from North America's richest corporations, including Lockheed Martin, Bank of Nova Scotia, Chevron, Power Corporation and Merck, have had any meaningful input… Only they have been invited to annual closed-door meetings of SPP leaders and ministers, such as the one that took place in Montebello, Quebec, in August." – Maude Barlow, National Chairperson of the Council of Canadians, October 12, 2007 For the last few weeks, former Mexican president Vicente Fox has been strutting about the television talk show circuit promoting his new book (Revolution of Hope: The Life, Faith, and Dreams of a Mexican President) and essentially admitting to being the chief architect of the design for a North American Union. This of course contradicts our president’s assertions that no such animal exists and that anyone who believes so is off the beam. It makes sense that the idea might come out of Mexico, although we may never know if it actually did. There is a growing socialist contingent in Mexico, and it is generally known that they are supported by Venezuelan leader Hugo Chavez, who would like to see a socialist Mexico as openly hostile to America as he is. Mexico has more to gain as a nation than The U.S. or Canada; this is assuming there is anything to be gained by U.S. and Canada at all, save financial gains for their resident corporate interests. Mexico’s appeals for a North American Union are sort of analogous to bank robbers lobbying for a law requiring banks to leave their vaults open overnight. Message 24079020

To: Giordano Bruno who wrote (2567)	11/24/2007 10:44:30 PM
From: the navigator	Read Replies (1) \| Respond to of 71479

He Fan, an official at the Chinese Academy of Social Sciences, went further yesterday, letting it be known that Beijing had the power to set off a dollar collapse, if it chose to do so. "China has accumulated a large sum of US dollars. Such a big sum, of which a considerable portion is in US Treasury bonds, contributes a great deal to maintaining the position of the dollar as a reserve currency," he told China Daily. "Russia, Switzerland and several other countries have reduced their dollar holdings. China is unlikely to follow suit as long as the yuan's exchange rate is stable against the dollar. "The Chinese central bank will be forced to sell dollars once the yuan appreciated dramatically, which might lead to a mass depreciation of the dollar." ... Simon Derrick, currency strategist at the Bank of New York Mellon, said the comments were a message to the US Senate as Capitol Hill prepares legislation for the autumn session. "The words are alarming and unambiguous. This carries a clear political threat and could have very serious consequences at a time when the credit markets are already afraid of contagion from the sub-prime troubles," he said. A bill drafted by a group of US senators, and backed by the Senate Finance Committee, calls for trade tariffs against Chinese goods as retaliation for alleged currency manipulation. dear god, our senators are as stupid as our president. we are doomed.