Tuesday, February 14, 2012
Monday, February 13, 2012
The Economy: "So, are we entering a post-dollar world?"
From Project Syndicate
"Three things should be clear from this history. First, a global monetary system based on precious metals does not resolve the fundamental imbalances of a global economic system. Second, precious metals do not resolve the problem of inflation. And, finally, the anchor currency and the underlying eco-system of world trade often outlive the geopolitical decline of the anchor country by decades." ~ Sanjeev Sanyal
←Picture compiled by Norman E. Hooben
"Three things should be clear from this history. First, a global monetary system based on precious metals does not resolve the fundamental imbalances of a global economic system. Second, precious metals do not resolve the problem of inflation. And, finally, the anchor currency and the underlying eco-system of world trade often outlive the geopolitical decline of the anchor country by decades." ~ Sanjeev Sanyal
←Picture compiled by Norman E. Hooben
The Dollar’s Long Tail
Sanjeev Sanyal Series:
| NEW DELHI – The ongoing economic crisis and the persistent deficits of the United States have increasingly called into question the dollar’s role as the world’s anchor currency. Recent moves to internationalize China’s renminbi have led to anticipation of a looming shift in the global monetary system. Many prominent economists, including the members of a United Nations panel headed by the Nobel laureate economist Joseph Stiglitz, are recommending a “Global Reserve System” to replace the dollar’s hegemony. But the long history of global anchor currencies suggests that the dollar’s days on top may be far from over...continues here |
Sunday, February 12, 2012
Syria: Obama Takes Sides With Al Qaeda
Syria: What the mainstream media and the Obama Administration do not want you to know. ~ by Norman E. Hooben
opinion…make that, facts!
For the most part, the mainstream news media (MSM) depicts the Assad régime as a brutal Dictatorship that goes about slaughtering its own people. While identifying those who are slaughtered as Syrians that may very well be true, but the problem is deeper than that. The problem lies within the different sects of Islam, for unlike Christian sects who can get along politically with each other, (i.e. you never see Baptists at war with Catholics, or Methodists versus Episcopalians and so on) Islamists of different cults generally hate one another and there is very little toleration to be in the company of, or neighbors to one another.
Syria’s president, Bashar al-Asad, belongs to the Alawite tribe of Islam whereas the larger populations of Sunnis and Shi’ites (also two factions that do not get along) are under the control of an Alawite military. While the roles may be reversed nothing is mentioned by the MSM when tens of thousands of Alawites were killed by the other Islamists…Muslims, if you will. So, we have Muslims killing Muslims in an ongoing battle that has lasted hundreds, if not, thousands of years. Are we supposed to take sides?Well for one, Obama has already taken sides with the Sunnis and their anti-American Muslim Brotherhood but more importantly he has chosen to be on the same side as Al Qaeda in this Syrian dispute. Remember, Muslims in general want to destroy western ideology with Al Qaeda and the Muslim Brotherhood as two of their most radical proponents. (I don’t intend to get in an argument over Obama’s preferences for it is clear as clear can be what he has accomplished in Egypt and Libya.) For all you Christians who have been following the news regarding Bashar al-Asad’s slaughter of his fellow Syrians, you should know that Christians are for the most part protected under the Asad régime but will be slaughtered when the Muslim Brotherhood and/or the Sunnis come to power. ~ Norman E. Hooben
The following were used as references to formulate the above
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