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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-02-06 12:04 PM
Original message
Must Read -Iran/USA - Release of global world crisis
Edited on Thu Mar-02-06 12:26 PM by malaise
This is very, very serious
http://www.europe2020.org/en/section_global/150206.htm#1

<snip>
An Alarm based on 2 verifiable events
The announcement of this crisis results from the analysis of decisions taken by the two key-actors of the main on-going international crisis, i.e. the United States and Iran:

--> on the one hand there is the Iranian decision of opening the first oil bourse priced in Euros on March 20th, 2006 in Teheran, available to all oil producers of the region ;

--> on the other hand, there is the decision of the American Federal Reserve to stop publishing M3 figures (the most reliable indicator on the amount of dollars circulating in the world) from March 23, 2006 onward <1>.

These two decisions constitute altogether the indicators, the causes and the consequences of the historical transition in progress between the order created after World War II and the new international equilibrium in gestation since the collapse of the USSR. Their magnitude as much as their simultaneity will catalyse all the tensions, weaknesses and imbalances accumulated since more than a decade throughout the international system...Decoding of the event “End of publication of the M3 macro-economic indicator”
The end of the publication by the American Federal Reserve of the M3 monetary aggregate (and that of other components) <3> , a decision vehemently criticized by the community of economists and financial analysts, will have as a consequence to lose transparency on the evolution of the amount of Dollars in circulation worldwide. For some months already, M3 has significantly increased (indicating that « money printing » has already speeded up in Washington), knowing that the new President of the US Federal Reserve, Ben S. Bernanke, is a self-acknowledged fan of « money printing » <4>. Considering that a strong fall of the Dollar would probably result in a massive sale of the US Treasury Bonds held in Asia, in Europe and in the oil-producing countries, LEAP/E2020 estimates that the American decision to stop publishing M3 aims at hiding as long as possible two US decisions, partly imposed by the political and economic choices made these last years <5>:
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Redstone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-02-06 12:30 PM
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1. Oh, not THIS again...I'm still not stocking up on bottled water and
canned food. This is alarmist rubbish.

Redstone
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