Honest Money

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Archive for April 4th, 2009

Dalai Lama versus Russia

Posted by Ivo Cerckel on 4th April 2009

The promotion of the Daila Lama in Tibet allows the dollar freaks to prevent China and Russia from replacing the US of A dollar with Honest Money as reserve currency.

The Prince of Wales has held talks with Chinese President Hu Jintao which included discussion of the sensitive issue of Tibet.
Clarence House said talks on “a full range of issues of mutual concern” also covered reconstruction after last year’s earthquake and climate change.
Prince Charles’s support for exiled Tibetan leader, the Dalai Lama, has complicated his relations with China.
(Prince and China leader in talks
Page last updated at 20:22 GMT, Thursday, 2 April 2009 21:22 UK
http://news.bbc.co.uk/2/hi/uk_news/7980395.stm

GCC bankers under pressure over currency
Reuters
Published: April 03, 2009, 23:01
http://www.gulfnews.com/business/Banking_and_Finance/10301099.html
SNIP
Dubai: Gulf Arab central bankers will face pressure at a meeting this week to specify an alternative timetable for rolling out a single currency as markets become increasingly sceptical about the project’s viability.
The Gulf Cooperation Council (GCC) last month gave its first official acknowledgement that issuing common notes and coins will take longer than the 2010 target agreed on eight years ago.  UNSNIP

Ivo:
I thought Russia (and China) proposed on Thursday launching a IMF or G20 study on creating a new international reserve currency, but that the idea was not discussed at the London economic crisis summit.
However, the idea is gaining some momentum since one underlying cause of the current crisis is viewed as heavy reliance on US dollar-based assets as the only highly liquid instrument to invest in.
Still the Khaleeji, the Gulf single currency, would be pegged to the said dollar?

Does the Gulf Co-operation Council (GCC) want to remain under IMF tutelage via its tutelage of the dollar as reserve currency?

The IMF should strengthen and improve its supervision over the macroeconomic policies of various economies, major reserve currency issuing economies in particular, with a special focus on their currency issuing policies, says China.
(FM: Hu’s proposals play important, constructive role at G20 summit
www.chinaview.cn  2009-04-04 04:31:39
http://news.xinhuanet.com/english/2009-04/04/content_11129260.htm

Ivo:
The fact the Chinese can permit themselves to tell this shows how far their world influence has grown.

Meanwhile, the dollar freaks continue to prevent the world from seeing the Light and moving away from the dollar.

The G20 moves the world a step closer to a global currency
The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.
By Ambrose Evans-Pritchard
Last Updated: 2:06PM BST 03 Apr 2009
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5096524/The-G20-moves-the-world-a-step-closer-to-a-global-currency.html
SNIP
A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.
“We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,” it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.
In effect, the G20 leaders have activated the IMF’s power to create money and begin global “quantitative easing”. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it. UNSNIP

Ivo:
It is therefore very important for the dollar freaks to promote the Daila Lama in Tibet.

In that way, China can be discredited.

Why Washington plays ‘Tibet Roulette’ with China
By William Engdahl (china.org.cn)
Updated: 2008-04-16 21:34
http://www.chinadaily.com.cn/china/2008-04/16/content_6622346.htm
SNIP
Washington has obviously decided on an ultra-high risk geopolitical game with Beijing’s by fanning the flames of violence in Tibet just at this sensitive time in their relations and on the run-up to the Beijing Olympics. It’s part of an escalating strategy of destabilization of China which has been initiated by the Bush Administration over the past months, and which includes the attempt to ignite an anti-China Saffron Revolution in the neighboring Myanmar region, bringing US-led NATO troops into Darfur where China’s oil companies are developing potentially huge oil reserves. It includes counter moves across minerals rich Africa. And it includes strenuous efforts to turn India into a major new US forward base on the Asian sub-continent to be deployed against China.
http://www.chinadaily.com.cn/china/2008-04/16/content_6622346_6.htm
SNIP
The US-led destabilization in Tibet is part of a strategic shift of great significance. It comes at a time when the US economy and the US dollar, still the world’s reserve currency, are in the worst crisis since the 1930′s. It is significant that the US Administration sends Wall Street banker, former Goldman Sachs chairman, Henry Paulson to Beijing in the midst of its efforts to embarrass Beijing in Tibet. Washington is literally playing with fire. China long ago surpassed Japan as the world’s largest holder of foreign currency reserves, now in the range of $1.5 trillions, most of which are invested in US Treasury debt instruments. Paulson knows well that were Beijing to decide it could bring the dollar to its knees by selling only a small portion of its US debt on the market. UNSNIP

Ivo Cerckel
ivocerckel@siquijor.ws

George Soros reminds us that SDRs are no currency
but a bookkeeping currency at the IMF
which you have to convert to a currency of your choice.

George Soros Claims G20 Was Gordon Brown’s Finest Hour 02/04
http://www.youtube.com/watch?v=h2zLNZyqFAc

1.100 milliards de dollars, soit à peine le 1/4 de la dette française … c’est avec cette somme RIDICULE, et … PIRE : en maintenant le “système financier mondial ” – c’est à la dire la base DOLLAR – qui reste fondé sur le maintien du contrôle des changes en Chine, que le G20 prétend que sa réunion est un succès. C’est un pet de lapin, sur le plan économique, mais un pas de plus vers le gouvernement mondial souhaité par la Synarchie anglaise et les Illuminati US : cf. l’agitation de DSK – Sarkozy ;

Ce contrôle de changes chinois oblige les entreprises et les banques chinoises à ce que la Banque de Chine place leurs surplus monétaires en dollars ; sinon les entreprises et les banques chinoises pourraient offrir des ” liquidités ” LIBREMENT partout dans le mondes, là où des capitaux seraient demandés LIBREMENT par des états ( où ce qu’il en reste ), des entrepreneurs libres ( PME par exemple ) et des ménages libres …

Libres du FMI, libres des Ministères des Finances, etc.

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