dollar and its regime are a big chapter 11

Update 1 added Ponzi scheme and NWO

Update 2 added dollar-regime complacency and TARP reimbursement

Update 3 added second Geither-link and Joe Sixpack

Update 4 adds the Chinese reaction to Geithner

Abu Dhabi investor sells Barclays stake
By Kate Burgess, Peter Thal Larsen and Neil Hume
Published: June 1 2009 21:12 | Last updated: June 2 2009 08:42
http://www.ft.com/cms/s/0/6dcdae88-4ee6-11de-8c10-00144feabdc0.html
SMIP
Shares in Barclays tumbled on Tuesday after one of its largest Middle Eastern shareholders announced plans on Monday night to offload its stake in the British bank, pocketing a large profit less than seven months after making its £3.5bn investment. UNSNIP

Who bought this stake in Barclays?

And how much money will the buyer make with these tumbling shares?

What should we in fact think of such “stories”?

Is this irrationally large Ponzi-scheme an attempt at creating the New World Order?

June 2 (Bloomberg) — Yu Yongding, a former member of the Chinese central bank’s monetary policy committee, said he’ll tell Treasury Secretary Timothy Geithner that the U.S. shouldn’t be complacent about China continuing to buy Treasuries.
(China’s Yu Tells U.S. Not to Be Complacent About Debt (Update1)
http://www.bloomberg.com/apps/news?pid=20601068&sid=aatNgaPM2wQM&refer=home

The United Kingdom of Great Britain and Northern Ireland, where Barclays is located, does of course belong to dollar regime.

The regime maneuvered the price of bank shares higher in order to allow banks to emit new shares and thus obtain more money.

This was the hilarious reimbursement of the Troubled Assets Relief Programme by private money.

TARP chief, Tim Geithner, secretary of the US of A treasury, is now being told by the Chinese they want to keep the US of A dollar as the planet’s reserve currency.

Geithner Says China Has Confidence in U.S. Economy (Update3)
By Rebecca Christie
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSMi3X3PNBFU
SNIPS
June 2 (Bloomberg) — Treasury Secretary Timothy Geithner said China, the biggest holder of U.S. Treasuries, has expressed confidence in the U.S. economy and the Obama administration’s actions to fight the recession
+
He said the Chinese “expect the dollar to be the principal reserve currency for a long period of time — as do we.” UNSNIP

And since Joe Sixpack is standing in his underwear and socks, he can no longer bet in the casino of the dollar Financial Industry.

Hence, Abu Dhabi has been hired by the dollar regime to make it look as if it, Abu Dhabi, is still able to find a buyer for paper, shares in Barclays, issued by the dollar regime.

This will lead to a positive perception of the dollar regime.

By the same token, dollar loyalty will have been maintained for the short term.

In the long term, we shall all realise that the dollar and its regime are a big chapter 11.

Hence, Geithner is being laughed off the stage in Beijing

Geithner backs strong dlr, says China’s assets safe
Sun May 31, 2009 11:57pm EDT
http://www.reuters.com/article/marketsNews/idINPEK12423320090601?rpc=44
Sun May 31, 2009 11:57pm EDT
SNIP
BEIJING, June 1 (Reuters) – U.S. Treasury Secretary Timothy Geithner on Monday reaffirmed his faith in a strong dollar and reassured the Chinese government that its huge holdings of dollar-denominated assets are safe.
“We believe in a strong dollar,” Geithner said in a question-and-answer session after a speech to students at Peking University.
A major goal of Geithner’s maiden visit to China as Treasury secretary is to allay Beijing’s concerns that Washington’s mushrooming budget deficit and ultra-loose monetary policy will undermine both the dollar and U.S. bonds. China is the biggest foreign owner of U.S. Treasury bonds.
“Chinese financial assets are very safe,” Geithner said. His response drew laughter from the audience. UNSNIP

Ivo Cerckel
honestmoney@maktoob.com

Abu Dhabi nets $2.46 bln from Barclays sale
Jun 02, 2009 at 07:48
http://business.maktoob.com/20090000004507/Abu_Dhabi_nets_$2_46_bln_from_Barclays_sale/Article.htm
SNIP
Abu Dhabi has netted profit of around 1.5 billion pounds ($2.46 billion) from Tuesday’s sale of part of its stake in Barclays after just seven months, according to data from traders.