Monday, Mar 13, 2006 at 08:43
This may not be the right
forum on it, but you folks started it.
Free Trade agreement has a CATCH, you must use America Dollars. World trade is not new, it has been around with us for hundreds of years, if not thousands. Never beena problem till recently. Why ? In the old days, we used Physical Silver and Gold as MONEY, they are scarce, and because of its scarcity, you cannot have permenent or persisent Inbalance of trade. You run out of Silver/Gold, you can't buy it anymore.
We had been on Gold standard till 1971, Richard Nixon refused to pay back Gold to other central Banks with their USD Trade surplus. So we are now in total FIAT Money system. The Yankee just keeps printing, and the Chinese know that, but for the sake of keep the unemployment low, they are willing to do it to exchange for the Manufacturing base ! Then , they recycle the USD $ with other countries....etc
Do you know the only usage of yankee $ is to buy OIL. It was why Irqi was invaded because they traded their OIL in Euro. Now IRAN is going to trade their OIL in EURO on 26 Mar 2006, and the Yankee is stepping up the threat. If we are still on GOLD standard, there will be less Trade inbalance and less wars in this World.
The last word of
mine, Hyperinflation is the planned way out for the Yankee's > USD $8,000 billion debt. It is why INflation is a way of life, and we all accept it. Protect yourself and your family, divert at least 10% of your wealth into Gold and Silver.
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