Charlie Echo

When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity. The price of all US Dollar denominated commodities, like oil, will change to reflect the fact that it will take fewer or more dollars to buy that commodity. So it’s quite possible, in fact it’s almost always the case that a portion of the change in the price of oil is really just a reflection of a change in the value of the US Dollar. Sometimes that portion is insignificant. But often the opposite is true where the entire change in the oil price is simply a mathematical recalculation of an ever-changing US Dollar value. When the dollar gets strong, oil appears to go down, and vice versa. That accounts for part of the fluctuations that we see in the value of oil. The other part is an actual increase in the supply or demand for oil. If the price is higher when being measured not only in US Dollars, but also in Euros, Pounds Sterling, Japanese Yen, and every other major currency, then we know the oil demand is higher and it has actually increased in value. Consequently, if oil is higher in US Dollars while at the same time cheaper in every other currency, then we can conclude that the US Dollar has weakened, and that oil has actually lost value in all other currencies. But the price, because it is being quoted in $USD will be higher and give the illusion of oil becoming more valuable. In such a case the devaluation of oil, due to increased supply on the market, is camouflaged by a weakened US Dollar.

FROM STEVE KROFT (“60 Minutes”) This article is written by Steve Kroft from “60 Minutes”. It begins to piece together the rise of Obama and his behavior in leading the nation along with many members of Congress (in particular the Democrats, such as the election of Pelosi as the minority leader in Congress). If you have wondered where Obama came from and just how he quickly moved from obscurity to President, or why the media is “selective” in what we are told, here is the man who most probably put him there and is responsible. He controls President Obama’s every move. Think this is absurd? Invest a few minutes and read this. You won’t regret it. Who is Obama? Obama is a puppet and here is the explanation of the man or demon that pulls his strings. It’s not by chance that Obama can manipulate the world. I don’t think he knows how to tie his shoe laces. After reading this and Obama’s reluctance to accept help on the oil spill you wonder if the spill is part of the plan to destroy the US? “In history, nothing happens by accident. If it happened, you can bet someone planned it.”/ Franklin Delano Roosevelt Who Is George Soros? He brought the market down in 2 days. Here is what CBS’ Mr. Steve Kroft’s research has turned up. It’s a bit of a read, and it took 4 months to put it together. “The main obstacle to a stable and just world order is the United States.” George Soros George Soros is an evil man. He’s anti-God, anti-family, anti-American, and anti-good.” He killed and robbed his own Jewish people. What we have in Soros, is a multi-billionaire atheist, with skewed moral values, and a sociopath’s lack of conscience. He considers himself to be an elitist World class philosopher, despises the American way, and just loves to do social engineering and change cultures. György Schwartz, better known to the world as George Soros, was born August 12, 1930 in Hungary. Soros’ father, Tivadar, was a fervent practitioner of the Esperanto language invented in 1887, and designed to be the first global language, free of any national identity. The Schwartz’s, who were non-practicing Jews, changed the family name to Soros, in order to facilitate assimilation into the Gentile population, as the Nazis spread into Hungary during the 1930s. When Hitler’s henchman Adolf Eichmann arrived in Hungary, to oversee the murder of that country’s Jews, George Soros ended up with a man whose job was confiscating property from the Jewish population. Soros went with him on his rounds. Soros has repeatedly called 1944 “the best year of his life.” 70% of Mr. Soros’s fellow Jews in Hungary, nearly a half-million human beings, were annihilated in that year, yet he gives no sign that this put any damper on his elation, either at the time or indeed in retrospect” During an interview with “Sixty Minute’s” Steve Kroft, Soros was asked about his “best year.” KROFT: My understanding is that you went out with this protector of yours who swore that you were his adopted godson. SOROS: Yes. Yes. KROFT: Went out, in fact, and helped in the confiscation of property from your fellow Jews, friends and neighbors. SOROS: Yes. That’s right. Yes. KROFT: I mean, that sounds like an experience that would send lots of people to the psychiatric couch for many, many, years. Was it difficult? SOROS: No, not at all. Not at all, I rather enjoyed it. KROFT: No feelings of guilt? SOROS: No, only feelings of absolute power. In his article, Muravchik describes how Soros has admitted to having carried some rather “potent messianic fantasies with me from childhood, which I felt I had to control, otherwise they might get me in trouble.” Be that as it may. After WWII, Soros attended the London School of Economics, where he fell under the thrall of fellow atheist and Hungarian, Karl Popper, one of his professors. Popper was a mentor to Soros until Popper’s death in 1994. Two of Popper’s most influential teachings concerned “the open society,” and Fallibilism. Fallibilism is the philosophical doctrine that all claims of knowledge could, in principle, be mistaken. (Then again, I could be wrong about that.) The “open society” basically refers to a “test and evaluate” approach to social engineering. Regarding “open society” Roy Childs writes, “Since the Second World War, most of the Western democracies have followed Popper’s advice about piecemeal social engineering and democratic social reform, and it has gotten them into a grand mess.” In 1956 Soros moved to New York City, where he worked on Wall Street, and started amassing his fortune. He specialized in hedge funds and currency speculation. Soros is absolutely ruthless, amoral, and clever in his business dealings, and quickly made his fortune. By the 1980s he was well on his way to becoming the global powerhouse that he is today. In an article Kyle-Anne Shiver wrote for “The American Thinker” she says, “Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England. He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically, almost overnight.” In 1994 Soros crowed in “The New Republic,” that “the former Soviet Empire is now called the Soros Empire.” The Russia-gate scandal in 1999, which almost collapsed the Russian economy, was labeled by Rep. Jim Leach, then head of the House Banking Committee, to be “one of the greatest social robberies in human history.” The “Soros Empire” indeed. In 1997 Soros almost destroyed the economies of Thailand and Malaysia. At the time, Malaysia’s Prime Minister, Mahathir Mohammad, called Soros “a = villain, and a moron.” Thai activist Weng Tojirakarn said, “We regard George Soros as a kind of Dracula. He sucks the blood from the people.” The website Greek National Pride reports, “Soros was part of the full court press that dismantled Yugoslavia and caused trouble in Georgia , Ukraine and Myanmar [burma] Calling himself a philanthropist, Soros’ role is to tighten the ideological stranglehold of globalization and the New World Order while promoting his own financial gain.. He is without conscience; a capitalist who functions with absolute amorality.” France has upheld an earlier conviction against Soros, for felony insider trading. Soros was fined 2.9 million dollars. Recently, his native Hungary fined Soros 2.2 million dollars for “illegal market manipulation.” Elizabeth Crum writes that the Hungarian economy has been in a state of transition as the country seeks to become more financially stable and westernized. Soros deliberately driving down the share price of its largest bank put Hungary’s economy into a wicked tailspin, one from which it is still trying to recover. My point here is that Soros is a planetary parasite. His grasp, greed, and gluttony have a global reach. But what about America? Soros told Australia’s national newspaper “The Australian…” “America, as the centre of the globalised financial markets, was sucking up the savings of the world. This is now over. The game is out,” he said, adding that the time has come for “a very serious adjustment” in American’s consumption habits. He implied that he was the one with the power to bring this about.” Soros: “World financial crisis was “stimulating” and “in a way, the culmination of my life’s work.” Obama has recently promised 10 billion of our tax dollars to Brazil, in order to give them a leg-up in expanding their offshore oil fields. Obama’s largesse towards Brazil came shortly after his political financial backer, George Soros, invested heavily in Brazilian oil (Petrobras). Tait Trussel writes, “The Petrobras loan may be a windfall for Soros and Brazil, but it is a bad deal for the U. S. The American Petroleum Institute estimates that oil exploration in the U S could create 160,000 new, well-paying jobs, as well as $1.7 trillion in revenues to federal, state, and local governments, all while fostering greater energy security and independence.” A blog you might want to keep an eye on is SorosWatch. com. Their mission: “This blog is dedicated to all who have suffered due to the ruthless financial pursuits of George Soros. Your stories are many and varied, but the theme is the same: the destructive power of greed without conscience. We pledge to tirelessly watch Soros wherever he goes and to print the truth in the hope that he will one day be made to stop preying upon the world’s poor, that justice will be served.” Back to America. Soros has been actively working to destroy America from the inside out for some years now. People have been warning us. Two years ago, news sources reported that “Soros [is] an extremist who wants open borders, a one-world foreign policy, legalized drugs, euthanasia, and on and on. This is off-the-chart dangerous.” In 1997 Rachel Ehrenfeld wrote, “Soros uses his philanthropy to change or more accurately deconstruct the moral values and attitudes of the Western world, and particularly of the American people. His “open society” is not about freedom; it is about license. His vision rejects the notion of ordered liberty, in favor of a PROGRESSIVE ideology of rights and entitlements.” Perhaps the most important of these “whistle blowers” are David Horowitz and Richard Poe. Their book “The Shadow Party” outlines in detail how Soros hijacked the Democratic Party, and now owns it lock, stock, and barrel. Soros has been packing the Democratic Party with radicals, and ousting moderate Democrats for years. The Shadow Party became the Shadow Government, which recently became the Obama Administration. Discover The Networks. org (another good source) writes, “By his [soros'] own admission, he helped engineer coups in Slovakia, Croatia, Georgia, and Yugoslavia. When Soros targets a country for “regime change,” he begins by creating a shadow government, a fully formed government-in-exile, ready to assume power when the opportunity arises. The Shadow Party he has built in America greatly resembles those he has created in other countries prior to instigating a coup.” November 2008 edition of the German magazine “Der Spiegel,” in which Soros gives his opinion on what the next POTUS (President of the U. S.) should do after taking office. “I think we need a large stimulus package.” Soros thought that around 600 billion would be about right. Soros also said that “I think Obama presents us a great opportunity to finally deal with global warming and energy dependence. The U. S. needs a cap and trade system with auctioning of licenses for emissions rights.” Although Soros doesn’t (yet) own the Republican Party, like he does the Democrats, make no mistake, his tentacles are spread throughout the Republican Party as well. Soros is a partner in the Carlyle Group where he has invested more than 100 million dollars. According to an article by “The Baltimore Chronicle’s” Alice Cherbonnier, the Carlyle Group is run by “a veritable who’s who of former Republican leaders,” from CIA man Frank Carlucci, to CIA head and ex-President George Bush, Sr. In late 2006, Soros bought about 2 million shares of Halliburton, **** Cheney’s old stomping grounds. When the Democrats and Republicans held their conventions in 2000, Soros held Shadow Party conventions in the same cities, at the same time. In 2008, Soros donated $5,000,000,000 (that’s Five Billion) to the Democratic National Committee, DNC, to insure Obama’s win and wins for many other Alinsky trained Radical Rules Anti-American Socialist. George has been contributing a $ billion plus to the DNC since Clinton came on the scene. Soros has dirtied both sides of the aisle, trust me. And if that weren’t bad enough, he has long held connections with the CIA. And I mustn’t forget to mention Soros’ involvement with the MSM (Main Stream Media), the entertainment industry (e. g. he owns 2.6 million shares of Time Warner), and the various political advertising organizations he funnels millions to. In short, George Soros controls or influences most of the MSM.Little wonder they ignore the TEA PARTY, Soro’s NEMESIS. As Matthew Vadum writes, “The liberal billionaire-turned-philanthropist has been buying up media properties for years in order to drive home his message to the American public that they are too materialistic, too wasteful, too selfish, and too stupid to decide for themselves how to run their own lives.” Richard Poe writes, “Soros’ private philanthropy, totaling nearly $5 billion, continues undermining America’s traditional Western values. His giving has provided funding of abortion rights, atheism, drug legalization, sex education, euthanasia, feminism, gun control, globalization, mass immigration, *** marriage and other radical experiments in social engineering.” Some of the many NGOs (Non-Government Organizations) that Soros funds with his billions are: MoveOn. org, the Apollo Alliance , Media Matters for America , the Tides Foundation, the ACLU, ACORN, PDIA (Project on Death In America ), La Raza, and many more.. For a more complete list, with brief descriptions of the NGOs, go to DiscoverTheNetworks. org. Poe continues, “Through his global web of Open Society Institutes and Open Society Foundations, Soros has spent 25 years recruiting, training, indoctrinating and installing a network of loyal operatives in 50 countries, placing them in positions of influence and power in media, government, finance and academia.” Without Soros’ money, would the Saul Alinsky’s Chicago machine still be rolling? Would SEIU, ACORN, and La Raza still be pursuing their nefarious activities? Would Big Money and lobbyists still be corrupting government? Would our college campuses still be retirement homes for 1960s radicals? America stands at the brink of an abyss, and that fact is directly attributable to Soros. Soros has vigorously, cleverly, and insidiously planned the ruination of America and his puppet, Barack Obama is leading the way. The words of Patrick Henry are apropos:” Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, almighty God! I know not what course others may take, but as for me, give me liberty, or give me death!” ————– Above information researched by CBS Steve Kroft “The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.” Thomas Jefferson

He is a plant also..... While America Sleepshttp://wwwabousa.net

WASHINGTON (AP) - The United States is planning a significant military presence of 13,500 troops in Kuwait to give it the flexibility to respond to sudden conflicts in the region as Iraq adjusts to the withdrawal of American combat forces and the world nervously eyes Iran, according to a congressional report. The study by the Senate Foreign Relations Committee examined the U.S. relationship with the six nations of the Gulf Cooperation Council - Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and Oman - against a fast-moving backdrop. In just the last two days, Saudi Arabia's ruler named Defense Minister Prince Salman bin Abdul-Aziz as the country's new crown prince after last week's death of Prince Nayef, and Kuwait's government suspended parliament for a month over an internal political feud. The latest developments inject even more uncertainty as the Middle East deals with the demands of the Arab Spring, the end to U.S. combat operations in Iraq at the end of 2011 and fears of Iran's nuclear program. "Home to more than half of the world's oil reserves and over a third of its natural gas, the stability of the Persian Gulf is critical to the global economy," the report said. "However, the region faces a myriad of political and security challenges, from the Iranian nuclear program to the threat of terrorism to the political crisis in Bahrain." The report obtained by The Associated Press in advance of Tuesday's release provided precise numbers on U.S. forces in Kuwait, a presence that Pentagon officials have only acknowledged on condition of anonymity. Currently, there are about 15,000 U.S. forces in Kuwait at Camp Arifjan, Ali Al Salem Air Base and Camp Buehring, giving the United States staging hubs, training ranges and locations to provide logistical support. The report said the number of troops is likely to drop to 13,500. Several members of Congress, most notably Sens. John McCain, R-Ariz., and Lindsey Graham, R-S.C., had pressed for a residual U.S. force to remain in Iraq, but the failure of the two countries to agree on whether American troops should be granted legal immunity scuttled that idea. Instead, officials talked of positioning a strong U.S. force just across the border in Kuwait. The strategy preserves "lily pad" basing that allows the military to move quickly from one location to the next. As it recalibrates its national security strategy, the United States is drawing down forces in Europe while focusing on other regions, such as the Middle East and Asia. Defense Secretary Leon Panetta has said he envisions about 40,000 troops stationed in the Middle East region after the withdrawal from Iraq. By comparison, a cut of two Army combat brigades and the withdrawal of two other smaller units will leave about 68,000 troops in Europe. During the 1991 Persian Gulf War, some half a million U.S. forces were in the Middle East region. The United States maintained about 5,000 troops in Kuwait from the end of the Gulf War to March 2003, when U.S. and coalition forces invaded Iraq to topple the regime of Saddam Hussein. The U.S.-led invasion was in response to reports, later discredited, that Iraq was developing weapons of mass destruction. Senate Foreign Relations Committee Chairman John Kerry, D-Mass., who asked his staff to conduct the study, said in a statement: "This is a period of historic, but turbulent change in the Middle East. We need to be clear-eyed about what these interests are and how best to promote them. This report provides a thoughtful set of recommendations designed to do exactly that." The 37-page report raises questions about how the United States can leverage its financial aid to force change in the Middle East. Late last year, two Democrats - Sen. Ron Wyden of Oregon and Rep. Jim McGovern of Massachusetts - opposed the U.S. sale of spare parts and equipment to Bahrain, arguing that the ruling Sunni monarchy was violating human rights and using excessive force to crack down on protests. The State Department went ahead earlier this year with the sale of some military equipment, saying it was for Bahrain's external defense and support for the U.S. Navy's 5th Fleet, which is based in the country. Bahrain stands as a strategic ally to counter Iran. Read More... http://apnews.myway.com/article/20120619/D9VG2L6G0.html

The unthinkable suddenly looks possible. Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system. The worst case envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the fall of 2008. http://abousa.net/news/

At least Romney doesn't have a Socialist, Marxist background.....

May 3, 2012 On May Day in 1971, the US Army rounded up approximately 7,000 protesters into a stadium in Washington, DC that they treated like a make-shift prison camp. Have things changed in the past 40 years? Now a Department of Defense document has been leaked to the Web that details “Internment and Resettlement Operations.” The manual outlines policies for processing detainees in internment camps domestically and abroad and how to “re-educate” unruly activists. Alex Jones, host of the Alex Jones Show, joins us to find out what this means to people across the globe. http://www.infowars.com/alex-jones-pentagon-prepares-re-education-camps-for-political-activists/ Setup for unrest in the US and around the world. Impossible to pay debt and setup of our society to fail. Total Re-Education in America!!

World View: Problems in Greece, Italy and Spain Revive the Euro Debt Crisis http://www.breitbart.com/Big-Peace/2012/03/30/world-view-march-30-2012 Wonder how the Mid-East is going to deal with all the "BrotherHOOD" controlled areas and how they will influence IRAQ, especially since attacks have renewed in country... Does Obama control the timing of this issue given his narcissistic attitude???... Good Luck with this happening this year under these circumstances...

My linkThe problem we are having now is the decline of the US Dollar. China now sells gold through banks and retail stores in country. The China Govt is encouraging it's people to buy gold. When enough gold is out there as they continue to buy world reserves, their Chinese Yuan will be strong and actually backed by something, gold. Confidence will grow in the Yuan and more "treasuries" will be bought through China than the US. Our dollar will fall as the world reserve currency as China takes on the role of world leader in finance. Our biggest problem at this time is the push the current policies have toward making us a socialist country. If we continue down this road, we citizens will be dependent on the desires of our Gov't . Your independence will be taken from you. God knows I love my Country and want only the best for the people. We will need a strict economic lesson to curtail our current path.

http://www.google.com/url?sa=t&rct=j&q=larry%20sinclair%20and%20obama&source=web&cd=4&sqi=2&ved=0CEQQFjAD&url=http%3A%2F%2Fwww.wnd.com%2F%3FpageId%3D56626&ei=BdDwTsufPIGdgQfIlvmwAg&usg=AFQjCNGwQrGWJ9jX27zEN7jhmxpap25bYg Maybe this is why he is always going in separate planes on vacation. Who could really be married to "MaChelle" - the children are a front. Lie, Cheat, Steal is the Saul Alinsky moto!!! http://www.google.com/url?sa=t&rct=j&q=saul%20alinsky&source=web&cd=2&sqi=2&ved=0CD0QFjAB&url=http%3A%2F%2Fwww.crossroad.to%2FQuotes%2Fcommunism%2Falinsky.htm&ei=5dDwTq-ZDOnKsQKrtummAQ&usg=AFQjCNHvW6KZmes8pPoTNecdpDfi4z9npg

The Syrian currency is at its weakest level since the beginning of political unrest, dropping 30 percent against the US dollar. Further weakness is expected amid the escalated tension as the sanctions begin to bite. The Syrian pound fell almost 20 percent against the dollar immediately after economic sanctions were imposed on the Syrian regime this week. The currency dropped from 47 Syrian pounds to 61 pounds against the US dollar. The Arab League on Sunday slapped stringent sanctions on Syria in the strongest blow yet to Al Assad’s regime. Dr. Mohammad Al Asoomi, a leading economist in the UAE, told Gulf News, “The league’s suspension of dealings with the Syrian central bank will be the most effective measure. This will cut the money lifeline that Syrian businesses have to trade with the Arab world in particular. Moreover, it will allow the migration of capital from Syria.” The League’s sanctions, which have affected transactions with Syria’s central bank, come with a threat to freeze Syrian assets in other Arab states, and Arab investments in Syria. They also imposed a travel ban on senior Syrian officials. Ordinary citizens Arab finance and economy ministers have stressed the need to avoid measures which would harm ordinary citizens. Basic commodities and cash remittances from Syrians working abroad are exempt. Qatar’s Prime Minister Shaikh Hamad Bin Jasem Bin Jabr Al Thani, who chaired the Cairo meeting, made the announcement. Bin Jasem said the decision, which takes immediate effect, was backed by 19 of the league’s 22 members. The Syrian pound lost 17.18 percent of its value against the UAE dirham. The exchange rate was 12.8 pounds to the dirham, but is now 15 pounds to the dirham. Rami, a Syrian resident in the UAE, said that the exchange rate is good. “This is of course good for the people who live outside Syria,” he said. Rami added that even though remittances are not affected by the sanctions, he is still sending more money home. “I am sending big amounts due to uncertainties back home.” Adnan Ahmad Yousuf, head of the Union of Arab Banks and President and Chief Executive of Al Baraka Banking group, said the growing political unrest has lowered demand and the currency continues to lose vlaue. Exchange shops Yesterday Syrian security forces raided several exchange shops across the country, accusing them of selling dollars at different exchange rates. The sanctions are expected to raise inflation. Another Syrian resident in the UAE, Abdul Rahman, said: “There is no advantage in the Syrian pound’s decline, because as much as the Syrian pound is dropping, living costs in Syria are getting too expensive and I have to send more money to meet my family’s needs.” The European Union halted imports of Syrian oil, which account for 90 percent of the country’s revenues, causing it to lose about $400 million (Dh1.5 billion) a month. Abdul Hameed Radwan, a leading economist in the UAE Ministry of Foreign Trade, told Gulf News that US sanctions have crippled Syria’s financial sector by prohibiting any individuals or institutions based in Syria from executing international transactions in US dollars. It is estimated that the Syrian economy will shrink by 6 percent this year, he added. He added that the decline is a reflection of investors pulling out money from the country and converting local currency into US dollars or other foreign exchange, in fear of further declines in exchange rates. Indeed, the crisis has pushed stock indexes into the red. Syrian investors have put their projects on hold. Syrians are now buying foreign currencies on a scale that threatens the country’s economy, and the demand for the Syrian pound in other Arab countries is declining fast.

The Dollar’s Days Are Numbered... as the World’s Reserve Currency Do you know anyone who speaks “Esperanto?” If not, don’t worry. I had never heard of the language until I traveled to Brazil on a research trip in 2010. While I was traveling, I met with the heads of major companies and important government leaders in Latin America. As a currency expert, I wanted to know how these major players in Latin America feel about the U.S. dollar. Of all the business leaders I met with, Maria Ramos, head of investor relations at Brazilian oil-giant Petrobras, had the most interesting opinion... Instead of answering right away, Ms. Ramos told me a story about Esperanto. It was designed in the 19th century to serve as a universal second language. “Trying to come up with an alternative to the dollar today is like trying to impose Esperanto as an international language. It doesn’t work like that,” she said. “The same way English has evolved naturally to become the international language, the dollar has become the world’s reserve currency. The dollar is the currency everyone has access to!” Of course she’s right. At the moment, there is no alternative to replace the dollar as a world reserve currency. But there is something happening right now that could easily change that... The Biggest Threats to the Dollar’s Supremacy Empires don’t suddenly end. There are always warning signs that can sometimes last for years leading up to an empire’s collapse. When they do end, their currencies always suffer - or collapse outright. Out-of-control debt levels have historically been a major red flag. This debt can signal an empire’s end. Look at what happened with the Spanish Empire in the 17th century or the British Empire in the 20th. Excessive debt effectively crumbled both empires. Given its massive deficits, America may soon become another good example. Earlier this month, our U.S. debt hit the $15 trillion mark - or more than 101% of our GDP. That’s more than enough to count the U.S. as an empire in decline. Beyond debt, we also have many of the other classic signs of a flailing empire including an overworked military, a widening gap between our wealthy and impoverished, increasing inflation, and a government that continues to spend. And there’s a viable threat to the dollar’s supremacy in Asia. It’s the rise of the Asian market and the internationalization of China’s currency, the yuan. China is Planting the Seeds of a Powerful Reserve Currency Right now, Chinese leaders are making strides toward effectively capturing the dollar’s place as a reserve currency. In the past two years, China’s leaders allowed the yuan to trade offshore in Hong Kong. They announced opening their bond market to foreign banks. The yuan also started trading in the domestic Forex market vs. the Malaysia’s ringgit. Soon the yuan will be trading against other currencies, including the Russian ruble and the Korean won. Hong Kong's securities regulator also just approved a new fund of yuan-denominated fixed-income products, such as bonds and commercial paper. Within the last two years, McDonald’s became the first foreign non-financial company to sell yuan-denominated bonds in Hong Kong. In my opinion, it’s one of the greatest developments of our time. As other companies follow McDonald’s lead in tapping into China’s bond market, the yuan will play a significant role in global commerce. Big banks around the globe such as HSBC, BBVA, JPMorgan Chase and Citigroup are all doing road shows in Latin America to encourage the use of the yuan in trade with China. Do you see the pattern? The development of China’s currency is here to stay. What does that all mean for the U.S. dollar? One word: crisis! One important reason the U.S. dollar remains the reserve currency is the U.S. bond market. Our bond market is the most-liquid of its kind. But a well-developed Chinese capital market will provide strong support to the yuan. And the faster this process advances, the faster the dollar will lose status in the international market. I agree with Ms. Ramos that the U.S. dollar won’t lose its reserve status tomorrow. It may take five years or more. But China is planting the seeds of a powerful international currency that may become this alternative to the dollar. Without any serious fiscal reform in the U.S., the buck is looking more and more like a disaster waiting to happen. Personally, I’m not waiting. I have already diversified part of my savings into stronger foreign currencies for my family like the Chinese yuan and Brazilian real. You can buy yuan through an exchange-traded fund (NYSE: CYB). Or you can even hold yuan (aka, renminbi) in a WorldCurrency Access Deposit Account at EverBank. For transparency sake, we have an advertising relationship with EverBank and may receive fees if you choose to invest in their products. For more details on how to invest in the Chinese yuan, click here. It’s best to do diversify your currency holdings now while the dollar is still strong to get the most for your money. I’m grabbing all the foreign currency I can at a discount and I urge you to do the same. Evaldo Albuquerque, Editor, Exotic FX Alert and Currency Capitalist

Now because of events in the world- it has become global with a significance that was not there months ago Months ago... this has been in process for years.. The Fed/IMF/ World Bank finally ran out of tricks. The shell game / ponzi scam has caught up with the Fiat printers. When Nixon removed the Gold Standard in 1971 the start of the spiral started. It will take 6+years to get out of this mess. Just hold on to your cash until the money changers get it all worked out. Charlie Echo- OUT !

(This is an email I received from a company that is involved with currency trading....Doesn't sound too far out of reason, but that doesn't mean I like what they are saying) It’s a strange currency world we live in. The two most traded currencies - the dollar and euro - are both suffering. The euro is fighting an uphill battle with a sovereign debt crisis, while the dollar is paying the price for all the Fed’s currency meddling over the last few years. At the same time, other currencies have the exact opposite problem - they’re too strong. The Japanese yen has gained so much in value that the Bank of Japan had to intervene several times over the past year to drag down its value. With all these currency crises in full swing, it’s no surprise that investors are looking for alternative currencies to buy and hold. But unfortunately, some are finding the Iraqi dinar... Thanks to some slick marketing campaigns, first-time currency investors are pouring their savings into the Iraqi dinar because they believe it “will revalue and hand them a fortune” a few years down the line. Personally, I don’t buy into this dinar story. For my money, there are much stronger alternative currencies to buy and hold for the long-run. I’ll introduce you to one in just a second. First, let’s take a closer look at the dinar... The “Big Boys” Steer Clear of the Dinar The short answer is, as a currency investment, the Iraqi dinar is sorely lacking in the fundamentals that you want when you buy a currency for the long-term. Besides being an oil nation (and let’s face it, there are plenty more desirable oil nations out there), Iraq is not what we would classify as a politically sound country. After all, they just put their new constitution together in 2005. And long-term growth? Stability? That’s all debatable in Iraq. But all that aside, what’s more important is you can’t trade the Iraqi dinar. The dinar is NOT one of the 60 tradable currency pairs in the $4 trillion Forex market. That means the big institutional players don’t want anything to do with this currency. If they did, you would be able to trade it. Instead, only the most speculative retail, individual investors are buying into this Iraqi dinar theory. That’s a bit concerning. It tells me that these retail investors have been sold a bill of goods - not a real asset with long-term value. In fact, I look at this currency more like a penny stock than anything else. It’s extremely risky, more like a shot in the dark than a long-term currency play. That’s why none of my currency colleagues recommend it. Just Because It Revalues, Doesn’t Mean You Profit As a currency, most speculators have been buying the Iraqi dinar because they are hanging their hats on a potential revaluation. Various websites have been claiming this revaluation will happen since 2004. But let’s assume for a second that Iraq did revalue their currency. That does NOT mean the currency will necessarily leap in value compared to the U.S. dollar. After all, “revaluing the currency” didn’t help anyone holding the Turkish lira a few years back. In 2005, the Turkish government revalued the lira from 1,350,000 lira to 1.35 lira. In other words, the government slashed six zeroes off the price of the lira. But in reality, the “new lira” was still worth the same amount as the old lira in dollar terms. Before the revaluation, one dollar bought you 1.3 million lira. After the revaluation, one dollar bought you 1.35 lira. But whether it was a million lira or a single lira, this revalued currency was still worth the same in dollars. Now could the same thing happen in Iraq? Absolutely. That’s why I would much rather focus on more stable emerging markets with currencies that have a much higher statistical probability of rising in value. For instance, the Chinese renminbi... Forget the Dinar, Buy This Instead... At this year’s Global Currency Expo, five different currency experts recommended you buy and hold the Chinese renminbi for the next 10 years (that includes yours truly). (By the way, not one expert at our sold-out currency conference recommended you buy the Iraqi dinar - and these guys are the top of their fields.) So why buy the renminbi? It’s more than just the real possibility the Chinese will revalue their renminbi once again, or even let it free-float. The most respected financial minds in the industry are saying that the Chinese renminbi will eventually replace the U.S. dollar as either the next, or one of the next reserve currencies of the world. That means central banks which currently hold dollars, euros, and gold in their coffers will be able to stockpile tradable Chinese renminbi instead. Scary thought, right? It would be a devastating blow to the U.S. dollar, and would force the dollar/renminbi exchange rate to plummet. More importantly, it also means the dollar will have some competition for pricing of the world’s commodities. If commodities were priced in anything but dollars, everything you buy on a daily basis would skyrocket in price. As a country, we would be forced to pay for real commodities with real assets (not just more printed dollars), like all other countries in the world do now. Buying the Iraqi dinar wouldn’t help you there. But buying the currency that commodities could potentially be priced in (like the renminbi) would offer some protection. Again, no “revaluation” necessary... just the steady moving hand of the market. Bottom line: there are plenty of reasons NOT to buy the Iraqi dinar this year, and plenty of great reasons to buy renminbi instead. So I say stick to the currencies that have value, and leave the dinar for the speculators who don’t know any better. Have a Nice Day!

I'm thinking a covert operation that set him up because of his bad intentions and this was a way to convience not only the public but himself that he was busted. Now that he is out of the way... we shall continue with the games. France took part with Japan, China and one other country to take the US Dollar away from the world currency. I'm thinking if he were in line to run for French President, his game is over and we have a new look for the US Dollar. Amazing how these covert games work. Politics is a dirty business.!!

I have been silent with respect to my political beliefs for years, but since 2006 the change of policy in Washington started...(Democrat Congress?) I started seeing a Statist attitude emerge. Now that we have seen the outcome of that "more Government" attitude I fear that our country will soon be at a tipping point on having no choice but to rely on what they tell us to do being our only option. Ah, but those of us that will fight the good fight and support those that are actually for the GOOD OF OUR COUNTRY instead of the good of a particular party, creed of ideaology should be the ones to see a slow return to Liberty and Conservative down the middle consideration. We have let our Country become the home of the double standard.... if we lie to Congress, it's a felony and if they lie to us it's just politics.... if we dislike someone of a different culture, it's racist and they dislike the other side, its their 1st Amendment right.. we spend millions to rehabilitate criminals and they do almost nothing for the victims. Public schools can teach that homosexuality is OK, but you better not use the word God in the process of teaching or for that matter in our "Justice" system (what an irony)... You can kill an unborn child, but its wrong to execute a mass murderer... We take money from those who work hard and give it to those who don't want to work. we all support the Constitution, but only when it supports our political ideology; we still have freedom of speech, but only if we are being politically correct; parenting has been replaced with Ritalin and video games. If you protest against the Presidents policies your a terrorist, but if you burn an effigy or our Flag it was your 1st Amendment right. A major crisis is handled by the government appointing a committee to determine who's at fault, then threatens them, passes a law, raises our taxes and tells us the problem is solved so they can get back to rasing their campaign dollars using our tax money to fly around the country... now let's spend our way out of debt... they must know something I don't... I thought of borrowing money when I was 18 to pay for another debt thinking I could pay it that way... even I figured out that just doesn't work....Makes you wonder how some of those idiots get up in the morning. Enough, just start paying attention and everyone try to use good old common sense... is that too much to ask?

If we are all sure the Dinar will RV, why is there an advertisment on the top left of our website stating this is something we should not be doing. Has everyone read this and been able to make a decision as to the reasons given with this paper why it is not a good investment... lots of speculation on both sides of this issue. I think it comes down to the Stability and dependability of Iraq itself. I personally haven't been that impressed with the government, but neither am I impressed with our own government !!! http://www.sovereign-investor.com/pages/ppc/rpt/wcw_M401_Iraqi_Dinar.pdf

10:11 AM [Nighthk11] The US forces are NOT there to quell disturbance- That is an INTERNAL Iraqi issue brought on them by their failure to act- O has already informed Maliki of this- along with the fact that the US will NOT allow violence against the demonstrators- O has not done a thing with this and why should he, Kaddafi is killing his own people, Iran killed their own people (twice)... did he say anything then, no and he won't unless it is an ally... why would he say anything now... "O" has no intention of saying anything when it comes to nations that have an economic impact on the oil supply. If "K" in Libya burns his oil fields as he has promised, oil will go to 150 to 200 per barrel... Ports have been shut down today.. "O" has a plan, but I'm afraid it isn't in our best interest. Can you afford $8 per gallon fuel.... and the cost of food associated with that kind of increase.... We need leadership in this country, not rhetoric and Friday night parties at the WH... Are we cutting spending or are we just talking to hear ourselves talk. We need to get serious about these issues and get serious fast. A simple understanding of "We're Broke" should do for most Americans, but not the Unions... Hamas on the Southern Border, Striking teachers on the Northern border and Bankrupt States all around.... What is this country turning into... Get control people or I kid you not, we haven't seen problems yet.

Enhancing International Monetary Stability—A Role for the SDR? The U.S. Dollar: Like China, the dollar is another market so many analysts continue to get wrong. Yes, at times the dollar does strengthen a tad. But only against the sickly euro. Overall, the dollar is a disaster in the making, in a long-term bear market which will see the dollar lose its status as the world's reserve currency. This forecast was made more than 10 years ago, the dollar has done nothing but lose value year after year. Now, even the International Monetary Fund (IMF) is officially calling for a new reserve currency http://www.imf.org/external/np/pp/eng/2011/010711.pdf

What is the phrase that is always stated prior to an event happening..."Plausable Deniability" .... Discount the obvious, create doubt, downplay the degree of accountability by the banks and drive the price down ..... create a diversion in another country (Egypt, maybe) and blind side them when no one is looking.... so, look out everyone!!!!

I am a long-term bull on gold. But right now, I'm even more bullish on silver. I'll give you three reasons why ... Reason #1: The Global Economy Is Shifting Into Higher Gear According to the International Monetary Fund (IMF), the economic recovery in both developed and emerging markets is accelerating, with the stronger GDP growth decreasing or eliminating the output gap (unused production capacity) in emerging markets. For 2011, the IMF is predicting 2.5% economic growth across the developed world, and a rate of 6.5% growth for emerging economies. Even here in the United States, which has experienced a lackluster recovery, manufacturing activity rose at the fastest pace in six years in January. And employment increased by 187,000 last month, according to figures from ADP Employer Services. The median estimate in a Bloomberg survey called for a 140,000 gain last month. Sure, the IMF is whining that this is not "the recovery we wanted." What a bunch of crybabies. They're like the kid who complains when you hand him the keys to a Chevy because it's not a Porsche. So why is an economic recovery bullish for silver? Because silver is an industrial metal. Silver Insights figures about 75% of the 700 million ounces of silver mined every year is used up by industry and consumer goods like silverware. Only about 20% goes to jewelry. That leaves just 5% of mine supply for silver coins and investing, including silver ETFs. Reason #2: Silver Outperforms Gold Long-Term The simple historical fact is that in the big commodity bull market of the 1970s, gold rose 2,290%. That was good. Silver soared 3,751% — outstanding! In the current precious metals bull market, which started in 2001, we've seen gold rally 422% through the close of 2010. Silver is up 565% at the same time. If you believe we are facing the same kind of times we saw in the 1970s ... where debts due to an expensive war stoked the fires of inflation and commodity prices went through the roof, you might come to two conclusions. First, both gold and silver have a long way to go this time around. Second, even as gold goes up, silver is likely to go higher. By the way, in this most recent 10-year bull market, we saw gold and silver climb 422% and 565% through the close of the year. During the same period, the S&P 500 LOST GROUND, dropping 4.74%. That's some food for thought. Reason #3: Gold Is Underperforming Silver Right Now January was a brutal month for both gold and silver. In fact, the SPDR Gold Shares (GLD) dropped 53.6 metric tonnes of gold in January. That was its second-biggest outflow ever. The iShares Silver Trust (SLV) saw an even larger decline in January of 495 tonnes — its biggest ever monthly decline in holdings. Selling in precious metals is somewhat to be expected — nothing goes in a straight line, a correction is a normal and necessary part of any bull market, and nervous investors are banking gains. But just last week, both silver and gold may have put in bottoms. That's how I'm playing it in my portfolios anyway — and while I may be a bit early, I'm playing the big trend. However, since last week's potential bottom, silver has bounced hard. Gold is up ... but it's lagging. Now, I don't like to focus on the short-term. I can't understand people who watch stocks or commodities minute-to-minute — there's too much noise, and an increased chance of manipulation. But we know that silver fell harder than gold in the most recent correction. And we know that silver outperforms when they both go up. So that tells me that the biggest bargains are in silver right now. This doesn't mean I dislike gold at all. Heck, I just got back from trudging around in the hills north of Veracruz, Mexico, where I checked out a promising gold project that's within sight of an ancient Aztec temple. I recommended that miner to my Red-Hot Global Resources subscribers — and there are more incredible undiscovered companies in both gold and silver that are just waiting to be picked up. by Sean Brodrick

The National Bank of Abu Dhabi (NBAD) has been operating in Egypt since 1975. The Bank has 28 branches, providing a comprehensive range of banking services to 69,000 customers, and employs 650 staff in Egypt. NBAD-Egypt accounted for 7% of the Group assets; 3% of loans; and 4% of net income in the year ended 31 December 2010. The Bank also has cross border exposure on Egyptian entities of some $400 Million. NBAD's branches in Egypt are currently closed in line with the Central Bank of Egypt instructions. We are committed to our people and customers and are monitoring the position on a daily basis. We look forward to continue serving our customers in Egypt as soon as banks reopen. © 2011 Al Bawaba (www.albawaba.com) http://www1.albawaba.com/en/node/355857?nid=359977

The massive protests in Egypt show you how desperately people desire democracy and how lucky we are to live in the United States. Interestingly, many experts feel the unrest was exacerbated and perhaps triggered by the Egyptian government's decision to shut down the internet. Egyptian authorities pulled the plug on the internet to prevent the spread of news/images on sites such as Facebook, YouTube and Twitter. Egypt wasn't the only country that limited internet access to its citizens last week. China blocked all searches that contained ‘Egypt' in it. Anyone in China that searched for Egypt received this message: "According to relevant laws, regulations and policies, the search results are not shown." Most Americans don't know it, but Facebook, YouTube and Twitter are unavailable in China. That is why Big Brother is more of a reality in China than anywhere else in the world. Remember Nineteen Eighty-Four by George Orwell? The central character of the book is Big Brother, the fictional dictator of Oceania, a totalitarian state that is controlled by the ruling elite, which wields total power for its own sake over the inhabitants. Everyone is under complete surveillance by the authorities and the people are constantly reminded of this by the phrase "Big Brother is watching you." When I read the book in high school, I thought the idea of being constantly watched by the government was a silly idea that could never happen. The Chinese Surveillance State China has taken surveillance, which they call homeland security technology, to new, invasive heights with a national network of surveillance cameras, biometric identification cards, and facial recognition software. Train stations, airports, busy streets, universities, religious sites, banks, factories, libraries, border crossings, parks, athletic fields, government buildings, schools, and popular gathering spots are monitored. Get this — every internet cafe in China has surveillance cameras that are hooked up to local police stations so they can keep an eye on not just WHO is using the internet but WHAT sites they are visiting and what they are posting. Facial-recognition software makes it possible to photograph, record, and identify users no matter where they go. It is the LAW that every internet café must install these surveillance cameras. Chinese officials boast that all this surveillance helps battle crime and terrorism. In Guangdong province, the government claims that the new cameras deterred more than 18,000 street crimes. In the south-central town of Kunming, crime fell by 10% after the police installed new cameras. All that surveillance is enriching somebody and that somebody is China Security & Surveillance Technology (CSR). CSR sells automated surveillance systems and has installed them all over China. The company is involved in all phases of surveillance food chain: The manufacturing, distributing, installing, and servicing of surveillance systems. More than half of CSR's customers are governmental entities, such as customs agencies, courts, public security bureaus, prisons, schools, museums, sports arenas, libraries, airports, and railroads. Even during economic downturns, CSR should continue to mint money from its government contracts. 400 million cameras ... and counting! Chinese police have installed 3 million surveillance cameras in China and incorporated face recognition technology into them. Check out this YouTube video clip: Behavior-Recognition Software ... You’ve probably heard of face-recognition software. How about behavior-recognition software? Behavior-recognition software is designed to spot the beginnings of a street protest, riots, or violence. For example, the newest generation of security cameras armed with surveillance software can count the number of people in crosswalks and alert the police if a larger-than-usual crowd forms at an unusual hour, a possible sign of an unsanctioned protest. Remember, China is not a democracy and its people do not have the freedoms that we Americans consider a birthright. CSR is the largest indigenous security systems integrator in China, the largest manufacturer of security products, and the largest non-government monitoring company in China. No other security company in China offers one-stop shopping for manufacturing, distribution, installation, and monitoring. Surveillance and security is a booming business all over the world, but perhaps no place more than in China. IMS Research, a research company that follows the surveillance industry, reported in its The China Market for CCTV and Video Surveillance Equipment — 2010 Edition that it expected the Chinese market to grow by more than 20% in 2010. The total Chinese video surveillance market was $1.4 billion in 2009 and is expected to grow at a compound annual growth rate of 20% for the next four years and hit $3.5 billion in 2014. What the Chinese government wants ... the Chinese government gets. And what it desperately wants is to keep tabs on its 1.3 billion citizens. That represents a ton of business and why 55% of CSR's business comes from government orders. The current 11th Five Year Plan states that a secured and stable society is the number one priority for the central government. That is why the Chinese government has passed several laws which require surveillance. The Safe City Safety Surveillance Ordinances REQUIRES the 660 largest cities in China to install surveillance systems in major public venues such as subways and municipal buildings. State Ordinance 458 requires all entertainment venues in China — internet cafes, pubs, discos, and karaoke parlors — install electronic surveillance systems. This is a law; not a guideline. The 3111 project is a security project test program for monitoring and reporting on the provincial, city, county and municipal levels. The Chinese government has the power, motivation, and the money to become a Big Brother state, and that is exactly what it is doing.

More information to back up the threat we face from the ones that are not on the same page as peace and love .... www.mmitour.com