Post by talk2santosh on Sept 13, 2004 12:02:16 GMT -5
This is quite interesting.......
In the last 50 years the US dollar is the main currency in the
world. USD bills and coins are made in only one place Federal
Reserve, USA (which is a consortium of private Jews banks) If France
or any other country wants to buy anything for $50 million or more,
they must"work"
for those money. But if USA wants that money they need just to print
those bills. That is what USA did in the last 50 years. They flooded
the
world with USD without having any gold coverage in the bank. That is
why the American terms of trades have a huge budgetary deficit,
which is about $2.5 trillions, and it is anticipated to grow in the
next years. As per Bush budget plan the budgetary deficit will be
$3.5 trillions in next 3
years that is 50% of the GDP.
This is just the beginning of the problem because Iraq is the first
country from OPEC who stopped selling oil for USD and starts to sell
oil for EURO. On November 6th 2002 when 1EURO==0.8USD Iraq lost lots
of money because they made this change. The investment was worth.
Meanwhile EURO grew bigger than USD so as a result Iraq gains money.
This was the big mistake that Iraq did and America will never
forgive that. Atleast two OPEC countries (Iran and Syria) want to
switch to EURO for the oil they sell.
At the end all OPEC countries will switch to EURO. Including
Venezuela who produces 7% of world oil, already sells part of the
oil for EURO.
That means Venezuela has changed half of reserve currency into EURO.
Russia's central bank and China's central bank did the same. That's
the reason there is a shortage of EURO and a surplus of USD on the
international market. That's the reason the USD is falling and EURO
in
rising. This is the worst nightmare for American economy.
As per Alan Greenspan who prognoses a lost of 13 trillions of
dollars just in the first phase. If EURO will become the world
currency as USD
was in the last 50 years the USD value will go down seriously.
America won't be able to put printed USD on the market as they like,
without gold coverage in the bank. Most countries will give away the
USD and get EURO to buy oil from OPEC. The biggest investors will
move from America to Europe. Living on debts and printed money will
vanish. Already the USD is artificially kept by US political tricks
with China, North Korea, Taiwan and Japan. These countries produce
almost every product that USA needs. America is lending money to
these countries.
This way those countries can produce what is going to be sold back
to America. The profits are going back to America to pay the debts.
Bankers and economists have estimated long time ago that if Asia
continues to support American dollar using such political tricks
then American economy will go down badly. Asia will change to EURO
because of the necessity of oil, which is coming from OPEC
countries. So looks like Bush called "Axis of Evil" all countries,
which changed USD with EURO. They will attack these countries (Iraq,
Syria, and
Venezuela) and change the governments with new ones, which do what
America says. This way America will try to force these countries to
use
the USD again.
This is the reason why Great Britain has not changed to EURO
otherwise they could not be on American side. British are like fox
as usual. If
USA will win, than they will keep their pound, if EU stops the war
Britain will switch to EURO which they just delayed to see what's
going to happen despite that they lose money at the moment. The bet
of this war is huge. If USA won't start the war then she will lose
the superpower title, against the EU. That is why France and Germany
would like to fight the whole battle.
Iraq is just the beginning of the battle. Whoever is going to win
this war will last much longer.
In the last 50 years the US dollar is the main currency in the
world. USD bills and coins are made in only one place Federal
Reserve, USA (which is a consortium of private Jews banks) If France
or any other country wants to buy anything for $50 million or more,
they must"work"
for those money. But if USA wants that money they need just to print
those bills. That is what USA did in the last 50 years. They flooded
the
world with USD without having any gold coverage in the bank. That is
why the American terms of trades have a huge budgetary deficit,
which is about $2.5 trillions, and it is anticipated to grow in the
next years. As per Bush budget plan the budgetary deficit will be
$3.5 trillions in next 3
years that is 50% of the GDP.
This is just the beginning of the problem because Iraq is the first
country from OPEC who stopped selling oil for USD and starts to sell
oil for EURO. On November 6th 2002 when 1EURO==0.8USD Iraq lost lots
of money because they made this change. The investment was worth.
Meanwhile EURO grew bigger than USD so as a result Iraq gains money.
This was the big mistake that Iraq did and America will never
forgive that. Atleast two OPEC countries (Iran and Syria) want to
switch to EURO for the oil they sell.
At the end all OPEC countries will switch to EURO. Including
Venezuela who produces 7% of world oil, already sells part of the
oil for EURO.
That means Venezuela has changed half of reserve currency into EURO.
Russia's central bank and China's central bank did the same. That's
the reason there is a shortage of EURO and a surplus of USD on the
international market. That's the reason the USD is falling and EURO
in
rising. This is the worst nightmare for American economy.
As per Alan Greenspan who prognoses a lost of 13 trillions of
dollars just in the first phase. If EURO will become the world
currency as USD
was in the last 50 years the USD value will go down seriously.
America won't be able to put printed USD on the market as they like,
without gold coverage in the bank. Most countries will give away the
USD and get EURO to buy oil from OPEC. The biggest investors will
move from America to Europe. Living on debts and printed money will
vanish. Already the USD is artificially kept by US political tricks
with China, North Korea, Taiwan and Japan. These countries produce
almost every product that USA needs. America is lending money to
these countries.
This way those countries can produce what is going to be sold back
to America. The profits are going back to America to pay the debts.
Bankers and economists have estimated long time ago that if Asia
continues to support American dollar using such political tricks
then American economy will go down badly. Asia will change to EURO
because of the necessity of oil, which is coming from OPEC
countries. So looks like Bush called "Axis of Evil" all countries,
which changed USD with EURO. They will attack these countries (Iraq,
Syria, and
Venezuela) and change the governments with new ones, which do what
America says. This way America will try to force these countries to
use
the USD again.
This is the reason why Great Britain has not changed to EURO
otherwise they could not be on American side. British are like fox
as usual. If
USA will win, than they will keep their pound, if EU stops the war
Britain will switch to EURO which they just delayed to see what's
going to happen despite that they lose money at the moment. The bet
of this war is huge. If USA won't start the war then she will lose
the superpower title, against the EU. That is why France and Germany
would like to fight the whole battle.
Iraq is just the beginning of the battle. Whoever is going to win
this war will last much longer.