The front-page commentary in the overseas edition of the People’s Daily said that Asian and European countries should banish the U.S. dollar from their direct trade relations for a start, relying only on their own currencies.
A meeting between Asian and European leaders, starting on Friday in Beijing, presented the perfect opportunity to begin building a new international financial order, the newspaper said.
The People’s Daily is the official newspaper of China’s ruling Communist Party. The Chinese-language overseas edition is a small circulation offshoot of the main paper.
“The grim reality has led people, amidst the panic, to realize that the United States has used the U.S. dollar’s hegemony to plunder the world’s wealth,” said the commentator, Shi Jianxun, a professor at Shanghai’s Tongji University.(more…)
Förtroende är grundläggande för sociala och ekonomiska relationer och avgörande för samhällets funktion, utan förtroende faller det samman.
In the US Department of Defense, a `trusted system or component’ is defined as `one which can break the security policy’. (1)
The New York Times reported on 19 February 2002 that the Pentagon’s new “Office of Strategic Influence” (OSI) is “developing plans to provide news items, possibly even false ones, to foreign media organizations” in an effort “to influence public sentiment and policy makers in both friendly and unfriendly countries.”(2)
The argument is that funding has dried up because the money markets don’t trust the banks.(3)
The reason the money markets have seized is that banks don’t trust each other. The reason Europe struggles to find a systemic solution to this crisis is that governments don’t trust each other. (4)
Pengar skapas av banker genom våra lån, på grund av räntan överstiger totalskulden alltid den tillgängliga penningmängden. För att inte kollapsa kräver systemet evig tillväxt för att betala en evigt växande skuld och överför i långa loppet allt värde till bankerna.
“One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers” -Andrew Gause, Monetary historian
“Money is a new form of slavery, and indistinguishable from the old simply by the fact that it is impersonal, there is no human relation between master and slave” - Leo Tolstoy
1. Why do governments choose to borrow money from private banks at interest when gov’t could create all the interest-free money it needs, itself? 2. Why create money as debt? Why not create money that circulates permanently? 3. How can a money system dependend on perpetually accelerating growth be used to build a sustainable economy? 4. What specifically needs to be changed?
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Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a “perfect storm” for consumers as the housing slump spreads.
The US dollar has lost 60% of its value during the current administration. … If foreigners were to reduce their existing holdings of dollars, superpower America would instantly disappear
… We have arrived at the point where it is no longer bold to say that nothing now can be done. Unless the rest of the world decides to underwrite our economic rescue, the chips will fall where they may.
Fredrik Reinfeldt och Mona Sahlin
