Comments on: A Modern History of Globalisation & America’s Fraud http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Duilio http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/comment-page-1/#comment-2065 Duilio Fri, 04 May 2007 02:08:40 +0000 http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/#comment-2065 An empire doesn't go down by its economics. The USA have been cheating the world, but be sure that when their money loses its value they will come up with a new currency leaving Asian central banks with a lot of paper to exchange for the new valuable (maybe backed up in gold)currency. I am an Argentinian, and our economists, most of them graduates of American Universities, have been doing this all along, leaving millions on the streets with devalued money to be changed for the new currency, we the people always assuming the colossal loss with no one to complain to. If you don't queue up and do it you end up losing everything. The longer you take to exchange your money for the new currency (and this depends on the good will of authorities and availability)the lesser the value of your money will be. An empire doesn't go down by its economics. The USA have been cheating the world, but be sure that when their money loses its value they will come up with a new currency leaving Asian central banks with a lot of paper to exchange for the new valuable (maybe backed up in gold)currency. I am an Argentinian, and our economists, most of them graduates of American Universities, have been doing this all along, leaving millions on the streets with devalued money to be changed for the new currency, we the people always assuming the colossal loss with no one to complain to. If you don't queue up and do it you end up losing everything. The longer you take to exchange your money for the new currency (and this depends on the good will of authorities and availability)the lesser the value of your money will be.

]]> By: William Woolmer http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/comment-page-1/#comment-2029 William Woolmer Sun, 29 Apr 2007 08:52:42 +0000 http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/#comment-2029 Your analysis is insightful. Your conclusions reasonable. The underlying cause of the faith of the world in the US Currency hasnt been stated though. Oil. The US has run out of oil - it has 2% of the world's reserves and uses 25% of the world's output. So they are importing it in a huge way. Building debt. Meanwhile oil has been traded exclusively in US dollars since world war two - the same 50 years that america has become the world's largest debtor. And since oil is such a crucial trade commodity, to be the nation that issues the currency that every nation needs to buy oil means you CAN just print money. Anyone notice that two weeks ago Iran's oil bourse stopped taking US dollars AT ALL for any oil trades? The Euro has been surging on the back of oil trading in the Euro - we aint seen nothing yet. Batten down the hatches, put your super into something you can eat - a storm is a'coming. Your analysis is insightful. Your conclusions reasonable. The underlying cause of the faith of the world in the US Currency hasnt been stated though.

Oil.

The US has run out of oil - it has 2% of the world's reserves and uses 25% of the world's output. So they are importing it in a huge way. Building debt.

Meanwhile oil has been traded exclusively in US dollars since world war two - the same 50 years that america has become the world's largest debtor. And since oil is such a crucial trade commodity, to be the nation that issues the currency that every nation needs to buy oil means you CAN just print money. Anyone notice that two weeks ago Iran's oil bourse stopped taking US dollars AT ALL for any oil trades? The Euro has been surging on the back of oil trading in the Euro - we aint seen nothing yet.

Batten down the hatches, put your super into something you can eat - a storm is a'coming.

]]> By: Jason Kirby http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/comment-page-1/#comment-2026 Jason Kirby Sat, 28 Apr 2007 13:26:43 +0000 http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/#comment-2026 The early part of this essay seems to parallel the opening scenes from "The Commanding Heights." A nice way to start off any discussion of globalization. Lots of talk about what Woodrow Wilson did. It might be well to see who his promoters (and friends) were. I think you'll find they are to blame for the reversal and that Wilson was a puppet. Wilson lamented in his last days that he had unwittingly ruined his country. Saying it is America that does these things makes it seem that the American commoner is complicit in all the wars and unpleasantness. It is a few men in control of the economy who do these things using America's resources. America's commoners can't begin to fathom what goes on. "The U.S. government takes far more of its citizens’ money than it did in 1917…" I disagree. I say the U.S. government took all of its citizens' money in 1933, maybe leaving a little silver that got took in 1964, and in exchange gave us a different money owned by them leaving us in a currency ghetto while they used our stolen gold to rule the world. Of their debt-based currency that they lent us at interest to carry on commerce, that they take a lot of. If I may offer, more substantiation of that last point here: http://www.gold-eagle.com/editorials_05/kirby062806.html The early part of this essay seems to parallel the opening scenes from "The Commanding Heights." A nice way to start off any discussion of globalization.

Lots of talk about what Woodrow Wilson did. It might be well to see who his promoters (and friends) were. I think you'll find they are to blame for the reversal and that Wilson was a puppet. Wilson lamented in his last days that he had unwittingly ruined his country.

Saying it is America that does these things makes it seem that the American commoner is complicit in all the wars and unpleasantness. It is a few men in control of the economy who do these things using America's resources. America's commoners can't begin to fathom what goes on.

"The U.S. government takes far more of its citizens’ money than it did in 1917…"

I disagree. I say the U.S. government took all of its citizens' money in 1933, maybe leaving a little silver that got took in 1964, and in exchange gave us a different money owned by them leaving us in a currency ghetto while they used our stolen gold to rule the world. Of their debt-based currency that they lent us at interest to carry on commerce, that they take a lot of.

If I may offer, more substantiation of that last point here:

http://www.gold-eagle.com/editorials_05/kirby062806.html

]]> By: brouxhon george http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/comment-page-1/#comment-2001 brouxhon george Tue, 24 Apr 2007 08:09:35 +0000 http://www.dailyreckoning.com.au/globalisation-3/2007/04/23/#comment-2001 Interesting article indeed and a reminder that empires rise and fall for the reasons you advanced in your script. Next one China or India! Interesting article indeed and a reminder that empires rise and fall for the reasons you advanced in your script. Next one China or India!

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