General Kang

‘‘Free Competition in Currency Act of 2011’’. SEC. 2. REPEAL OF LEGAL TENDER LAWS. IN GENERAL.—Section 5103 of title 31, United States Code (relating to legal tender), is hereby repealed.Date CLERICAL AMENDMENT.—The table of sections for subchapter I of chapter 51 of title 31, United States Code, is amended by striking the item relating to section 5103 and inserting the following new item: SEC. 3. NO TAX ON CERTAIN COINS AND BULLION. (1) no tax may be imposed on (or with respect to the sale, exchange, or other disposition of) any coin, medal, token, or gold, silver, platinum, palla11 dium, or rhodium bullion, whether issued by a State, the United States, a foreign government, or any other person; and (2) no State may assess any tax or fee on any currency, or any other monetary instrument, which is used in the transaction of interstate commerce or commerce with a foreign country, and which is sub ject to the enjoyment of legal tender status under article I, section 10 of the United States Constitution.( EFFECTIVE DATE.—This section shall take effect on December 31, 2011, but shall not apply to taxes or fees imposed before such date GET A FOREIGN CURRENCY ACCOUNT OR CONVERT TO LOWER DENOMS AND GET JUST ENOUGH CASH IN TO GET INTO 2012 FOR THIS NEW LAW THATS COMING! i GOT THIS IN AN EMAIL SO IF ANY OF YOU COMPUTER OR INTERNET GURUS CAN FIND A LINK PLEASE DO.

YOU HAVE TO ADMI IRAQ IS WORLD CLASS AT ONE THING, DRAGGING THEIR FEET!

MONDAY MONDAY HAHAHAHAHAHAHAHAHAHAHAHHAHAHAHHAHAHAHA ROTFLMBO!!!!

HE IS ABOUT AS IMPORTANT TO THE RV AS AN AMEBA FART

5-15-2011 Guru Nighthk11 Msg from Moon...GOI and RV must be activated immed- No Break- Get it done NOW...I was told to look for msg from UN Sec Gen – and it came...They better not think of going anywhere until they have completed the GOV and RV’d their currency... I would say that we are in a very good position to see the change on forex asap... we are only looking for ministers completed and full gov’t announced- at that point it will be endgame

HAS TO BE FACTORED IN!! CAN'T DO THE NUMBERS RIGHT AND NOT FACTOR THAT IN! OBAMANATION IS EVEN WORSE!! LIKE x 10 WORSE AT THE VERY LEAST

this is YOUR PENSION...bye bye Treasury Secretary Timothy Geithner arrives to meet with a bipartisan group of lawmakers and Vice President Joe Biden, to work on a legislative framework for comprehensive deficit reduction, at the Blair House in Washington, May 10, 2011. REUTERS/Jonathan Ernst U.S. dipping into pensions as it hits debt limit Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds on Monday to free up borrowing capacity as the nation hits the legal limit on its debt.

THE RATE WAS OUTSIDE UNTIL INSANE HUSSIEN WENT WILD. ONLY THEN WAS IT "PUSHED" TO BEING IN COUNTRY. IN COUNTRY BECAUSE OF THE SANCTIONS, BUT BEFORE THAT IT WAS $3.22 EVERYWHERE. THE USD WAS WAY FAR HIGHER THEN TOO.

(Reuters) - The big money is calling a halt to the surge in stock prices. Declines in oil and metals prices are being seen by an increasing number of fund managers and strategists as a signal to get out of riskier areas of the equity market. And that means avoiding things like Chinese IPOs and sticking to the boring stuff, like utilities. The growing concern is that stocks had priced in an overly optimistic economic path, and the recent breakdown in commodities and shift in equities to safer industries such as health care, suggest a reckoning in coming months. Ken Fisher, founder of Fisher Investments that manages about $38 billion in equities. is among those concerned many investors have become overconfident. "I think expectations for the stock market are a bit on the high side," he said. The thesis that the economy may be slowing will be tested this week with the publication of two regional manufacturing reports from the New York and Philadelphia regions. They are a precursor to the bigger national ISM surveys published at the start of next month. However, some say there is room for the market to move higher before taking a turn for the worse. Bullish investors point to robust first-quarter earnings. Just fewer than three quarters of S&P 500 .SPX companies beat Wall Street's earnings estimates and investors have pointed to sturdy revenue growth. The S&P's index of retail stocks .RLX recently hit all-time highs. This week there will be earnings from some important retailers, including the nation's largest, Wal-Mart Stores Inc (WMT.N), home improvement companies Lowe's Companies (LOW.N) and Home Depot (HD.N), as well as teen clothing retailer Abercrombie & Fitch (ANF.N). DEFENSIVES OUTPERFORM Prominent strategists at Goldman Sachs and Credit Suisse foresee better results for stocks less tied to the economic cycle. Doug Cliggott, head of equity strategy at Credit Suisse, wrote: "Gone is the U.S. equity performance profile that suggested bold optimism on growth." Commodities have been at the forefront of the selling so far. Big rallies in hard assets such as gold, silver and oil ended in an ugly slump last week. Silver crashed 30 percent in its worst fall since 1980. Oil, which was until recently worrying investors with its sharp ascent, fell around 15 percent. There are two schools of thought as to why commodities are slumping. One is that the Federal Reserve's $600 billion program to buy Treasury debt has helped investors divert funds to commodities and equities, creating a bubble in those assets, which is now starting to burst. "Investors and market observers are divided over whether this is a big deal or not," Cliggott wrote, adding, CS is "in the 'it's a big deal' camp." The other is that it is a sign of impending weakness in the economy. Copper, known as the "metal with a PhD" for its ability to act as a predictor for the economy given its wide-scale industrial applications, has hit a five-month low. The reduced appetite for speculative investments has shown in the outperformance of defensive stocks, whose fortunes are less tied to the rise and fall of the economy. The S&P 500's healthcare .GSPA and utilities .GSPU sectors were the performance leaders over the last month, rising 2.9 percent and 2.6 percent, respectively. That is despite a 1.5 percent fall in year-over-year earnings growth in utilities in the first quarter, worst of the S&P's 10 sectors. Healthcare, long a go-nowhere sector, has had a whopping rally. The sector has gained for seven straight weeks, and is up 14.9 percent this year, best of the 10 S&P sectors. Energy .GSPE, down 7.8 percent in the last seven weeks, is the worst performer in that time. Goldman Sachs says it has become "much less confident in the near-term equity picture," exiting what it called its "top trade" in U.S. banks, and doing the same with a trade that was long industrial shares relative to consumer staples. Cliggott sees a 10 percent decline at the end of the Fed's so-called QE2 stimulus program -- which is what happened at the end of the first round of Fed buying -- as the "base case" scenario. The firm continues to recommend a short financial/long health care trade, as well as a long consumer staples/short consumer discretionary trade. EPFR Global, which tracks fund flows, said Friday that global equity funds experienced their first outflow since mid-March. SMALL CAPS AND IPOS Small and mid-cap stocks, which typically lead a strong market, have started to see their relative outperformance to large caps wane. Meanwhile, momentum indicators show the strength in S&P 500 is starting to decline as well. There are also signs of fatigue in the IPO market after a flood of Chinese IPOs and leveraged buyouts at the start of the year. The stock of Chinese dating website Jiayuan.com (DATE.O) fell in its Nasdaq debut, while social networking site Renren (RENN.N), dubbed China's Facebook, reversed all its gains on its market debut and traded below the offer price. Goldman argues stocks have been driven further than economic fundamentals justified by heightened risk appetite. Sentiment indicators are elevated, but off highs earlier in the year, while the CBOE Volatility Index, or Vix .VIX ,is at pre-financial crisis levels, signs investors may be getting complacent. Peter Lee, a technical analyst at UBS, is expecting the S&P 500 to run to 1,400-1,450 in the summer before topping out. Fisher believes elevated expectations will mean the market struggles through the rest of the year. He expects a sideways movement at current levels. David Joy, chief market strategist of Columbia Management Investment Advisers, one of the largest U.S. fund managers with more than $350 billion under management, has been cutting equity exposure over the past three months. Joy said he started the year with a modest overweight in equities, but has cut that to "neutral." That was partly a response to the impending end of the Fed's stimulus program, and partly due to the potential for disruption in the energy markets, he said. How the markets will react to the end of the Federal Reserve's massive $600 billion stimulus at the end of June is a wild card. "As we get a little closer to the end I think you could start to see the equity market's volatility start to increase," Joy said.

I don't think $7 is likely, but the $3.22 plus 20% for inflation allowed by the UN is VERY likely. Anything less or more opens the door for money troubles. Less and the big money guys know it came in low and is going up so they will buy buy buy with deep pockets. Anyhting more and Iraq may have trouble with inflation. Corps all over the planet are lining up to get into Iraq because they know money can be made there.

Billions Over Baghdad By JOHN B. TAYLOR Published: February 27, 2007 Stanford, Calif. Skip to next paragraph Joe Morse EARLIER this month, the House Committee on Oversight and Government Reform held a hearing that criticized the decision to ship American currency into Iraq just after Saddam Hussein’s government fell. As the committee’s chairman, Henry Waxman of California, put it in his opening statement, “Who in their right mind would send 360 tons of cash into a war zone?” His criticism attracted wide attention, feeding antiwar sentiment and even providing material for comedians. But a careful investigation of the facts behind the currency shipment paints a far different picture. The currency that was shipped into Iraq in the days after the fall of Saddam Hussein’s government was part of a successful financial operation that had been carefully planned months before the invasion. Its aims were to prevent a financial collapse in Iraq, put the financial system on a firm footing and pave the way for a new Iraqi currency. Contrary to the criticism that such currency shipments were ill advised or poorly monitored, this financial plan was carried out with precision and was a complete success. The plan, which had two stages, was designed to work for Iraq’s cash economy, in which checks or electronic funds transfers were virtually unknown and shipments of tons of cash were commonplace. In the first stage, the United States would pay Iraqi government employees and pensioners in American dollars. These were obtained from Saddam Hussein’s accounts in American banks, which were frozen after he attacked Kuwait in 1990 and amounted to about $1.7 billion. Since the dollar is a strong and reliable currency, paying in dollars would create financial stability until a new Iraqi governing body was established and could design a new currency. The second stage of the plan was to print a new Iraqi currency for which Iraqis could exchange their old dinars. The final details of the plan were reviewed in the White House Situation Room by President Bush and the National Security Council on March 12, 2003. I attended that meeting. Treasury Secretary John Snow opened the presentation with a series of slides. “As soon as control over the Iraqi government is established,” the first slide read, we plan to “use United States dollars to pay civil servants and pensioners. Later, depending on the situation on the ground, we would decide about the new currency.” Another slide indicated that we could ship $100 million in small denominations to Baghdad on one week’s notice. President Bush approved the plan with the understanding that we would review the options for a new Iraqi currency later, when we knew the situation on the ground. To carry out the first stage of the plan, President Bush issued an executive order on March 20, 2003, instructing United States banks to relinquish Mr. Hussein’s frozen dollars. From that money, 237.3 tons in $1, $5, $10 and $20 bills were sent to Iraq. During April, United States Treasury officials in Baghdad worked with the military and the Iraqi Finance Ministry officials — who had painstakingly kept the payroll records despite the looting of the ministry — to make sure the right people were paid. The Iraqis supplied extensive documentation of each recipient of a pension or paycheck. Treasury officials who watched over the payment process in Baghdad in those first few weeks reported a culture of good record keeping. On April 29, Jay Garner, the retired lieutenant general who headed the reconstruction effort in Iraq at the time, reported to Washington that the payments had lifted the mood of people in Baghdad during those first few confusing days. Even more important, a collapse of the financial system was avoided. This success paved the way for the second stage of the plan. In only a few months, 27 planeloads (in 747 jumbo jets) of new Iraqi currency were flown into Iraq from seven printing plants around the world. Armed convoys delivered the currency to 240 sites around the country. From there, it was distributed to 25 million Iraqis in exchange for their old dinars, which were then dyed, collected into trucks, shipped to incinerators and burned or simply buried. (Page 2 of 2) The new currency proved to be very popular. It provided a sound underpinning for the financial system and remains strong, appreciating against the dollar even in the past few months. Hence, the second part of the currency plan was also a success. The story of the currency plan is one of several that involved large sums of cash. For example, just before the war, Saddam Hussein stole $1 billion from the Iraqi central bank. American soldiers found that money in his palaces and shipped it to a base in Kuwait, where the United States Army’s 336th Finance Command kept it safe. To avoid any appearance of wrongdoing, American soldiers in Kuwait wore pocket-less shorts and T-shirts whenever they counted the money. Later, American forces used the found cash to build schools and hospitals, and to repair roads and bridges. Gen. David Petraeus has described these projects as more successful than the broader reconstruction effort. But that wasn’t the only source of dollars. Because the new Iraqi dinar was so popular, the central bank bought billions of United States dollars to keep it from appreciating too much. As a result, billions in cash accumulated in the vaults of the central bank. Later, with American help, the Iraqi central bank deposited these billions at the New York Federal Reserve Bank, where they could earn interest. Finally, when Iraq started to earn dollars selling oil, the United States transferred the cash revenue to the Finance Ministry, where it was used to finance government operations, including salaries and reconstruction. Many of these transfers occurred in 2004, long after the financial stabilization operation had concluded. Iraqi Finance Ministry officials had already demonstrated that they were serious about keeping the controls they had in place. The 360 tons mentioned by Henry Waxman includes these transfers as well as the 237.3 tons shipped in 2003 in the stabilization. One of the most successful and carefully planned operations of the war has been held up in this hearing for criticism and even ridicule. As these facts show, praise rather than ridicule is appropriate: praise for the brave experts in the United States Treasury who went to Iraq in April 2003 and established a working Finance Ministry and central bank, praise for the Iraqis in the Finance Ministry who carefully preserved payment records in the face of looting, praise for the American soldiers in the 336th Finance Command who safely kept found money, and yes, even praise for planning and follow-through back in the United States.

THIS ISN'T STOCK IT'S OIL!! AND OIL IS GOING UP IN VALUE ALL THE TIME. IT DOES HAVE SOME FLUX, BUT THE UPWARD SPIRAL CONTINUES. AS THE WORLD BECOMES MORE POPULATED AND MORE FUEL IS NEEDED THAT UPWARD SPIRAL WILL CONTINUE. YOUR STOCK COMPARISON IS LIKE COMPARING APPLES TO ORANGES! COMPANIES HAVE SOME STRICK LIMITS AS TO PROFITS WHERE IRAQ ONCE OUT AND OPENING UP ALL THE NEW OIL FIELDS THAT ARE THERE TO HAD WILL BLOW THE TOP RIGHT OFF ANY COMPANY STOCK CAMPARISON THAT CAN BE MADE.

Everyone keeps saying Iraq can't support a rate over $1.17 or so. Well the IQD was $3.22 over 20 years ago when the USD was far higher in value, Also much more oil has been discovered and still 80% of Iraq is unexplored. Add to the oil all the naural gas that was found. Iraq has several fold the resoures of Kuwait and the Kuwaiti Dinar was very high having now setled at about the $3.50 range. With what has been discovered that being only 20% of Iraq explored they have more oil than Kuwait and all the natural gas to boot. The Crude Wealth of Iraq; Henry Thompson Iraq is a wealthy country and every Iraqi a present value millionaire. Wealth in the world has shifted toward the owners of crude oil. Over the next two decades, total world energy consumption will almost double with serious alternatives to oil remain decades away. US oil consumption is expanding as production declines and imports climb. Oil prices and the energy share of national income will increase over the coming decades. Monopoly resource profits will be going to the owners of oil and other energy resources. Oil extraction and refining are very competitive with profits slightly higher than the average industry but with high risk. The owners of the oil will enjoy the rising prices. Oil is owned primarily by governments around the world. The price of a barrel of crude oil at the wellhead jumps around between $40 and $150 while extraction cost in the Middle East is under $10. The owners of the oil in the ground enjoy the profit. The Arab Gulf has 65% of the world’s proven oil reserves and Iraq has 12%. Oil in the ground is like money in the bank and that makes the government and perhaps Iraqis themselves wealthy. Iraq can produce 6 million barrels of oil a day, 2 billion barrels per year. At $50 per barrel, that oil would sell for $100 billion. The population of Iraq is 24 million and that oil income translates to $4000 per person. If Iraq sells a quarter of its potential reserves at an average price of $50 for the next 20 years, that would generate 90 billion x $50 = $4.5 trillion. If the population of Iraq grows to 30 million that would be $150,000 per capita for 20 years, or $7,500 annual income per capita. Price will be rising but the Iraqi government will waste a good deal of the profit. If instead of wasting the income it is invested, Iraq will become wealthy. Estimated productive capital assets in the US are $60,000 per capita and $5,000 for the entire world. If Iraq invests only 1/4 of its oil revenue for the next 20 years, it will match current US productive assets per capita. The total value of Iraq potential oil reserves at an average profit of $75 per barrel over next 100 years would be 360 billion x $75 = $27 trillion or $900,000 per capita, making every Iraqi a millionaire. These calculations do not include natural gas revenue, lately about equal to oil revenue for producing fields. Also, most of Iraq has not been explored for gas or oil. In the Persian Gulf region, proven oil reserves are 195 trillion barrels. Selling this at an average profit of $75 per barrel over the next 100 years would generate $15,000 trillion income. If half of that is invested, it would amount to $7,500 trillion or 1/4 of the present total capital assets in world. And this is only proven reserves. Due to political uncertainty most of the Gulf region has not been explored for gas and oil. OIL IS NOW $100 A BARRELSO THIS WAS WRITTEN QUITE SOME TIME AGO. IT LEAVES OUT THAT ONLY 20% OF IRAQ HAS BEEN EXPLORED SO FAR, AND IT SAYS IRAQ HAS 12%. WE NOW KNOW IRAQ HAS FAR MORE OIL THAN ALL IT'S NEIGHBORS. ADDED TO THE OIL IS THE NATURAL GAS WHICH IRAQ ALSO HAS MORE OF. SO THIS ARTICLE SAYING $50 ABARREL IS OFF BY 50% RIGHT HERE. IT IS OFF EVEN MORE WITH 80% YET UNEXPLORED THAT SAID; IRAQIS ARE MILLIONAIRES X 2 ( FOR THE $100 OIL) x 5 ( FO THE 80% YET EXPLORED)x WE HAVE NO NUMBERS FOR THE NATURAL GAS BUT YOU SEE WHERE ITS GOING. EVEN AT THE END WITH $75 A BARREL = $900,000 PER CAP ADD 25% MORE FOR $100 PER BARREL. AND STILL NO NUMBERS FOR THE NATURAL GAS MULTI-MILLIONAIRES IS MORE LIKE CORRECT Subject: Billions Over Baghdad - New York Times http://www.nytimes.c...n/27taylor.html Hello again folks, If U don't presently have a copy of the above article from the NY TIMES, written by Stanford graduate and former Under Sec. of the Treas., John B. Taylor, in Feb. 2007, please print one now and read it over and over, every time U may wonder if this RV is for real or not. Share it w/ others who may think you and we are all nuts, like CA Sen. Henry Waxman said on the Senate floor. As far as I'm concerned, it's the most concise explanation of how this plan was conceived by Cheney & Greenspan and then put into action before the first shot was ever fired in the Iraqi War. It also gives credibility to GWB when he expressed many times as to how this war would pay for itself, namely OIL. Iraqi oil at less than $33/bbl coming to the USA. This new Iraqi currency that was shipped & also flown by - get this: 27 747's into Iraq right during the war - is the very SAME dinar that we all presently hold awaiting the Re-Valuation. Just think about this: We are part of history being made, folks! And we will be made wealthy beyond our wildest dreams for so doing. So may I encourage you all to be patient. If we were any closer we'd be WET! Jim

WHO IN HELL LABELED THESE PETAQ! GURUS??? THAT GHUY' QI'YAH! SHOULD BE SLIT FROM ADAMS APPLE TO GROIN WITH A DULL BLADE!!!

Strauss-Kahn, IMF Scam Fails, the Debt Crisis Crescendo Politics / Global Debt Crisis May 15, 2011 - 12:35 PM By: Andrew_McKillop Politics Best Financial Markets Analysis ArticleWhen Dominique Strauss-Kahn, then director of the IMF, fled his Manhattan hotel room in a vain attempt to take an Air France plane to Europe, Roman Polanski style, he inexplicably left his cellphone in the room where he had alledley attempted to rape a hotel maid. The cellphone was of course loaded with a list of very interesting names and numbers, pored over by New York police and Federal US officials. Why was Stauss-Kahn in New York ? He went there instead of flying direct from Washington to Berlin, first stop on a European tour and first meeting set with chancellor Merkel of Germany. To reassure Merkel that the next bailout of Greece would cost little to German finances, that the euro would stay strong and credible because the US dollar was now close to terminal meltdown - and was receiving special treatment from the IMF. The special treatment was designed in ultra-secret conditions with the US Federal Reserve, led by the Federal Reserve Bank of New York, the foremost link in the Fed's debt and deficit recyling program, in place since 2005-2006. The program is described, in coded messages, by many Fed Bank of NY publications, vaunting its role in recycling gray and off-white capital flows from non-OECD countries. In premier place, these include the Arab oil exporter and small island tax haven countries, but the Fed's activities in propping the dollar and diluting US overseas debt are also linked with and rivalled by Russian, Chinese and Indian capital laundering banks and institutions. THE DEBT CRISIS CRESCENDO Strauss-Kahn had played a kingpin role is reassuring capital markets, debt-strapped governments and opinion formers by operating a global-size version of what started in the USA with the Paulson plan in the dying days of the G W Bush presidency, late 2008. This was a losing quest, but Strauss-Kahn's failure was only known to insiders - and his enemies. The scope of the challenge resumes in a few figures. After a declining trend in the 1990s, US national debt dramatically increased from US$ 5.7 trillion in January 2001 to $10.7 trillion at the end of 2008, and then $14.3 trillion through April of 2011 when the debt reached 98 percent of 2010 GDP of the USA. The approximately US$ 3.6 trillion added to US national debt since the end of 2008 is more than double the market value of all private sector manufacturing in 2009 ($1.56 trillion), more than three times the market value of spending on professional, scientific, and technical services in 2009 ($1.07 trillion), and nearly five times the amount spent on non-durable goods in 2009 ($722 billion). Only taking interest paid on Federal debt in the first six months of the present financial year (October 2010-April 2011), nearly $245 billion, this is equal to more than 40 percent of the total market value of all private sector construction spending in 2009 ($578 billion). Compared with the bugaboo of olden times - the price of oil - the world's biggest oil importer country faces a debt crisis that is out of control. The US ran an oil trade deficit in March 2011 estimated by the Commerce Dept. on the basis of gross oil imports - before re-exports of higher value refined products - of 333,831,058 barrels in March at a month-average barrel price of $ 93.67, giving a gross deficit before re-exports of $ 31.3 billion for the month. Taking only interest paid on US Fed debt as approximately $ 490 billion-per-year in 2011, almost certainly set to rise, this comfortably covers 1.5 times the total gross cost of all US oil imports at a record-high average price of $ 93.67 per barrel. Taking the growth of debt since December 2008, about $ 3600 billion, this amount would cover almost exactly 10 years of gross total oil import costs for the US at current volumes and current record high oil prices. While recycling petrodollar capital surpluses is a key need for the US Fed, with the Fed Bank of NY in the lead role, and the siphoning of illegal capital exports from the world 20-leading tax haven small island states is also useful, total amounts cannot match the USA's runaway debt growth. THE STRAUSS-KAHN PLAN Right through his tenure as IMF chief, Strauss-Kahn not only trawled the comfort ladies, but also worked hard to ramrod the ultimate in shock treatment for the global economy: the selective demonetization of the US dollar, the world's prime reserve currency. The basic plan is simple: cancel and dishonor debts in US dollars through reducing or completely stopping dollar convertibility, for example by limiting the use and the holding of the US dollar to US citizens, only. Another version is to create and launch a new reserve currency, linked with the dollar, at a very favourable double conversion rate for the dollar: debts in dollars will be depreciated; holdings in dollars by US citizens and US-favoured corporations will be appreciated, when the new money is introduced. The inflation which comes with this will help mask the depreciation of debt and appreciation of holdings. Within six months, a fait accompli will be created, with no way back. From December 2009, Strauss-Kahn went public with his new money initiatives, under the imprimatur of the IMF, with the Green Energy Fund proposal to fight climate change in low income countries with a fund built from the IMF's own printable money - SDRs - starting at the equivalent of $ 100 billion. Other versions of this plan by Strauss-Kahn and his personal team were advanced, at growing scales and declining credibility, through March-April 2010, but were each time shot down by capital surplus countries led by China and including the Arab petro states, Russia, India, Brazil and Argentina. Each time, the Straus-Kahn target was to exchange US dollars for new money, and dissolve US debt in new and printable fiat paper money. recycling wealth from the few capital surplus countries to the OECD debtor countries, headed by the US but including all EU27 states and Japan. From mid-year 2010 the European PIIGS crisis only got worse, as US debt also worsened, forcing Strauss-Kahn to shelve public airing of his pipedreams and concentrate on saving both the euro and the dollar. The role of recycling and siphoning capital surpluses from smaller players with big holdings, starting with the Arab petro states and small island tax haven states, became more important than ever, as remarks by Strauss-Kahn and variable geometry allies and friends like George Soros, at the 2011 Davos Forum suggested to observers able to cut through the counter-noise. Likewise the role of SDR allocations and plans for radically increasing the production or issuance of SDRs most surely placed Strauss-Kahn in private conflict with very big players, starting with the US and China. The latest plan was almost ready for launch, 14 May. Federal officials invited Strauss-Kahn to New York, arranged the hotel and travel, and set the agenda for a final review before going public on Strauss-Kahn's last plan to roll US debt into European debt, in which the Federal Reserve, and all its State banks, as well as European central banks would disappear. We know what happened, next. By Andrew McKillop