Secretary of US of A treasury Tim PNC Geithner is praising ambition of Kingdom of Saudi Arabia to break free from dollar peg.
Geithner promises to defend dollar (FT) but has to urge Gulf to “invest” in US of A (AFP)
Aristotle said in His “Metaphysics” that it is impossible to be and not to be at the same time and in the same respect.
This is known as the Principle of Non-Contradiction (PNC).
Geithner does it!
Secretary of the US of A treasury Timothy F. Geithner’s Speech at Jeddah Chamber of Commerce
The State of the Global Economy and the Relationship between the United States [DOLLAR] and the Gulf Region
EMAILWIRE.COM, July 14, 2009
http://www.emailwire.com/release/24660-Treasury-Secretary-Timothy-F-Geithners-Speech-at-Jeddah-Chamber-of-Commerce.html
SNIPS
The global economy is going through one of the most challenging periods of economic stress in generations. On every continent, in every country, businesses and families have experienced a severe loss of wealth, rising unemployment, and business failure.
But the economic policies put in place here, in the United States, and around the world, have helped arrest the crisis, slowing the pace of decline in economic growth, pulling the global financial system back from the edge of failure, and establishing the basis for recovery.
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Our strategy to confront the crisis has four critical elements.
The first is to stabilize and repair the U.S. financial system. No recovery is possible without repairing the institutions and markets that are critical to the supply of credit.
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In this moment of crisis, we share a historic obligation and a great opportunity to find ways to build a stronger and safer global economy.
UNSNIP
Does this blogger have to continue rebutting this nonsense?
Once Geithner starts with violating the PNC,
which is applicable to thought only, not to reality,
the debate is over.
Yes, the problem is the currency, but a worthless thing cannot be defended, Mr Geithner.
That’s why Geithner’s speech also contains the following sentence:
” [...] I think the world has yet to fully appreciate the scale of AMBITION and investment we are seeing in the Kingdom and the Gulf region to lay the foundation for future growth.”
Timothy PNC Geithner is praising the ambition of the Kingdom of Saudi Arabia to break free from the dollar peg.
Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/
FT
http://www.ft.com/cms/s/0/37725454-706c-11de-9717-00144feabdc0.html
AFP
http://www.zawya.com/story.cfm/sidANA20090714T123415ZOFW61
PNC
Since Aristotle, there is a logical law or law of thought
which is known as the Principle of Non-Contradiction (PNC).
Contrary to what many authors ague,
this is a law of thought and not a law of reality.
Reality is not submitted to the Principle.
Thought is.
(Fernand Van Steenberghen, (F-X De Guibert, éd.), “Philosophie fondamentale”, Longueuil, Québec, Editions du Préambule, 1989, p. 296 note
Contrairement à ce qu’affirment beaucoup d’auteurs, ces principes [PNC, law of identity and law of excluded middle] sont
des lois logiques ou des lois de pensée comme telle
ET NON des lois de l’ordre réel.
The Principle says that
it is impossible to be and not to be
at the same time
and in the same respect.
In Aristotle’s words:
It is, that the same attribute cannot at the same time belong and not belong to the same subject and in the same respect; we must presuppose, to guard against dialectical objections, any further qualifications which might be added. This, then, is the most certain of all principles, since it answers to the definition given above. For it is impossible for any one to believe the same thing to be and not to be, as some think
(Aristotle, ‘Metaphysics’, IV, 3, 1005 b 19
http://etext.library.adelaide.edu.au/a/a8m/ )