United Arab Emirates to sell bonds, seek sovereign rating
Jun 14, 2009 at 12:37
By Maria Abi-Habib
http://business.maktoob.com/20090000005333/UAE_to_sell_bonds_seek_sovereign_rating/Article.htm
SNIP
The UAE will sell federal bonds to help fund budgetary spending on infrastructure in the Gulf’s second-largest economy and seek a sovereign rating for the first time, a top finance official told Zawya Dow Jones on Sunday.
“The government is moving to a long term budgeting process and whatever we need will be done through a bond issuance,” Younis al-Khoori, the Ministry of Finance’s director general told Zawya Dow Jones in an exclusive interview. UNSNIP

The dirham is pegged to the US dollar
in order that the UAE Central Bank be able,
like the US central bank, the Federal Reserve,
to print dirhams into existence out of thin air.

Yes, I know the US Treasury also issues Treasury Bonds and Treasury Bills,
but why is that necessary if one can create money out of thin air?

Or will the Gulf Co-operation Council Monetary Union, in which the UAE says it will not participate, link its currencIES to gold (hiding in oil)?

As oil is the only commodity that is large enough for gold to hide, gold is indeed hiding in oil.

Yes if the dirham will be linked to gold,
the UAE Central Bank will not be able to print dirhams into existence out of thin air
and then the issuance of bonds may be necessary.

Ivo Cerckel
honestmoney@maktoob.com

IMF bond plan attracts emerging countries, highlights US woes
By Hugues Honore
http://www.zawya.com/story.cfm/sidANA20090614T030227ZJRE51
SNIP
WASHINGTON, Jun 14, 2009 (AFP) - The International Monetary Fund’s plan to issue bonds for the first time has attracted several large emerging countries looking to diversify investments to the detriment of the dollar, whose luster is dimming under the mushrooming US budget deficit. UNSNIP

Yes, more worthless fiat paper

Can you spell “Global Weimarisation”?

Again an indication that something of the nature of a revolution is coming.

Ivo Cerckel
honestmoney@maktoob.com

Inflation in the Weimar Republic
From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic
SNIP
The inflation in the Weimar Republic was a period of hyperinflation in Germany (the Weimar Republic) during 1921-1923.