Post by xtra on Mar 5, 2007 20:29:51 GMT -6
> The Condition Of The Dollar
> By Lindsey Williams
> 3-4-7
>
>
> There is so much to touch on regarding the dollar this month, I hardly know
> where to start. Regardless of where I begin, the news is not good and
> affects all of us.
>
>
> First on our list is China. They have now announced that they are refusing
> to accept American Corporations purchasing into their stock market any
> longer as they did in the past. China also said that they are no longer
> going to be purchasing our securities as they have in the past, including
> bonds and T-bills. China's decisions and subsequent announcements at the
> beginning of the week has sent a panic across the World's markets.
>
>
> Additionally, OPEC met recently and they have also stated they will be
> diversifying into other currencies instead of just the American dollar. They
> will now begin accepting other currencies and limit the trade of oil via the
> American dollar.
>
>
> March 21st 2007 will be one of the most significant dates this month. Iran
> has outlawed the American dollar and will put anyone in jail that uses it in
> their country after that date. They have the ominous notoriety of being the
> first nation in the world to do such a thing. The real issue in Iran is NOT
> nuclear, but rather the decision to not use the American dollar for trade
> and the sale of oil. On the heels of Iran's decision, North Korea has
> followed suit and also outlawed the use of the American dollar in their
> country. Finally, Malaysia the next day did the same thing.
>
>
> Central banks around the world are increasingly diversifying their reserves,
> including cutting holdings of American dollars, according to a survey
> sponsored by Royal Bank of Scotland Group PLC, the U.K.'s second-largest
> bank. Italy, Russia, Sweden and Switzerland have made "major adjustments" in
> foreign-exchange holdings favoring the Euro and the British pound, according
> to the poll conducted by Central Banking Publications Ltd. between September
> and December. "Central banks are open to saying they've been diversifying to
> improve returns and reduce exposure to any single currency," said Sean
> Callow, senior currency strategist at Westpac Banking Corp. in Singapore.
> There's no doubt that when they say 'diversification' they mean selling
> dollars.
>
>
> Last week a friend of mine told me they called their bank president in
> Vancouver, BC and he agreed with everything I have been saying about the
> dollar. What amazed me the most was her comment that he told her his bank is
> currently making preparations for the crash of the American dollar!
>
>
> My dear friends, I urge you to structure yourself and get out of the liquid
> dollar immediately. I suggest that you get out of stock markets and into
> international hard assets such as real estate, gold and other assets.
> Structure your family by setting up proper International Business
> Corporations and Foundations that will preserve your finances.
>
> www.rense.com/general75/lind.htm