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


To: zamboz who wrote (11452)9/20/2008 3:37:11 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 71442
 
I will patiently re-iterate again.

This has its aegis in the Post WW2 Bretton Woods Currency Accord where it was ordained the US$ would be the world's reserve currency until the Euro was to be introduced.

That historical event occurred on FDR/HSTruman's watch, NOT on Reagan's watch. Reagan was still making movies in '42-'43.

What DID occur on Reagan's watch was the testing of the waters in the creation and acceptance of expanded OTC derivatives beyond the rare handshake contracts both in London and US and other large money centers of the globe.

If Reagan admin would have nipped it in the bud by creating oversight and regulation in the late 80s, we wouldn't be in this obscene and colossal miasma, nor having this conversation.

REAGAN did not. Nor did his treasury secretary, James Baker, nor his Fed Reserve chief, PAUL VOLCKER.

We ARE having this conversation.

The scariest part of this conversation is this:
PAUL VOLCKER IS SITTING AT OBAMA's right hand in many of the economic photo-ops where Barack is seated (presidential pretender looking) at the conference table in the whitehouse in the chair the president always sits in. It is NOT Biden that sits next to him like Cheney does Bush...it is VOLCKER!!!

Wrap your mind around that.

OTC Derivs...They were just so cuddly, cute and new way back then. Plumb irresistible as it turns out.



To: zamboz who wrote (11452)9/21/2008 5:51:32 PM
From: the navigator12 Recommendations  Read Replies (2) | Respond to of 71442
 
Change? It is too late. Change is upon us. We are deep into Socialism now. How ironic that the Reagan deregulation movement has brought us to Socialism.

I think fascism may be more accurate.

rense.com

Fourteen Defining
Characteristics Of Fascism
By Dr. Lawrence Britt
Source Free Inquiry.co
5-28-3

Dr. Lawrence Britt has examined the fascist regimes of Hitler (Germany), Mussolini (Italy), Franco (Spain), Suharto (Indonesia) and several Latin American regimes. Britt found 14 defining characteristics common to each:

1. Powerful and Continuing Nationalism - Fascist regimes tend to make constant use of patriotic mottos, slogans, symbols, songs, and other paraphernalia. Flags are seen everywhere, as are flag symbols on clothing and in public displays.

2. Disdain for the Recognition of Human Rights - Because of fear of enemies and the need for security, the people in fascist regimes are persuaded that human rights can be ignored in certain cases because of "need." The people tend to look the other way or even approve of torture, summary executions, assassinations, long incarcerations of prisoners, etc.

3. Identification of Enemies/Scapegoats as a Unifying Cause - The people are rallied into a unifying patriotic frenzy over the need to eliminate a perceived common threat or foe: racial , ethnic or religious minorities; liberals; communists; socialists, terrorists, etc.

4. Supremacy of the Military - Even when there are widespread
domestic problems, the military is given a disproportionate amount of government funding, and the domestic agenda is neglected. Soldiers and military service are glamorized.

5. Rampant Sexism - The governments of fascist nations tend to be almost exclusively male-dominated. Under fascist regimes, traditional gender roles are made more rigid. Divorce, abortion and homosexuality are suppressed and the state is represented as the ultimate guardian of the family institution.

6. Controlled Mass Media - Sometimes to media is directly controlled by the government, but in other cases, the media is indirectly controlled by government regulation, or sympathetic media spokespeople and executives. Censorship, especially in war time, is very common.

7. Obsession with National Security - Fear is used as a motivational tool by the government over the masses.

8. Religion and Government are Intertwined - Governments in fascist nations tend to use the most common religion in the nation as a tool to manipulate public opinion. Religious rhetoric and terminology is common from government leaders, even when the major tenets of the religion are diametrically opposed to the government's policies or actions.

9. Corporate Power is Protected - The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite.

10. Labor Power is Suppressed - Because the organizing power of labor is the only real threat to a fascist government, labor unions are either eliminated entirely, or are severely suppressed.

11. Disdain for Intellectuals and the Arts - Fascist nations tend to promote and tolerate open hostility to higher education, and academia. It is not uncommon for professors and other academics to be censored or even arrested. Free expression in the arts and letters is openly attacked.

12. Obsession with Crime and Punishment - Under fascist regimes, the police are given almost limitless power to enforce laws. The people are often willing to overlook police abuses and even forego civil liberties in the name of patriotism. There is often a national police force with virtually unlimited power in fascist nations.

13. Rampant Cronyism and Corruption - Fascist regimes almost always are governed by groups of friends and associates who appoint each other to government positions and use governmental power and authority to protect their friends from accountability. It is not uncommon in fascist regimes for national resources and even treasures to be appropriated or even outright stolen by government leaders.

14. Fraudulent Elections - Sometimes elections in fascist nations are a complete sham. Other times elections are manipulated by smear campaigns against or even assassination of opposition candidates, use of legislation to control voting numbers or political district boundaries, and manipulation of the media. Fascist nations also typically use their judiciaries to manipulate or control elections.