by teotwawki » Thu 10 Feb 2011, 14:44:09
$this->bbcode_second_pass_quote('mos6507', 't')eotwawki, You start off talking about how the world isn't controlled by some NWO elites and then go on to document typical Alex Jones tinfoil about the "empire" (queue John Williams Imperial march theme), genocide and thermonuclear war. You don't know whether you're coming or going, man.
CIA/MI6/Mossad/Federal Reserve/Goldman Saches/etc ≠ NWO or Global TPTB
No doubt, Western powers would like to become defacto NWO or Global TPTB, but in order for that to happen they will have to first resort to nuclear strikes.
As for "Empire":
http://michael-hudson.com/2010/11/dollar-war-in-detail/http://michael-hudson.com/2010/11/krugm ... f-finance/http://michael-hudson.com/2010/11/specu ... ency-wars/"Yes, the currency crisis is caused by what’s called Quantitative Easing (QE) – flooding the economy with credit, and specifically Ben Bernanke’s and Tim Geithner’s threat to create another $1 trillion worth of new Federal Reserve credit over the next twelve months. The Financial Times reports that
all of the last $2 trillion the Fed created has gone to the BRIC countries (Brazil, Russia, India and China) and to Third World raw materials exporters. Since the start of 2009 this speculative dollar outflow has pushed up the Brazilian real by 30 percent, from 2.50 to 1.75 per dollar.
This has created a bonanza for speculators in the carry trade. Arbitrageurs can borrow from U.S. banks at 1% interest (and banks don’t have to pay anything on their own gambles), buy a Brazilian bond and get almost 12%, and pocket the difference. And as this carry trade pushes up non-dollar currencies, the speculators gets not only more than the 10 point interest-rate difference but also the currency revaluation as the Brazilian real (R$) is pushed up against the dollar.
Meanwhile, the export trade is destabilized. If Brazilian exporters had contracts denominated in dollars, they receive less of their own currency. Their aircraft and other manufactures become more costly relative to products of dollar-linked countries. This hurts their markets, and squeezes profits. This is why Brazil’s finance minister (Guido Mantega) said that the currency war is turning into a trade war."
The Bank of Japan has fought to stabilize its exchange rate by keeping its foreign-currency repayments into dollars, recycling $60 billion into U.S. Treasury bills. It is doing this in order to protect Japan’s export competitiveness by preventing the yen’s exchange rate from being forced up. But in the last few weeks U.S. officials have accused China and other countries of being aggressive currency manipulators indulging in “competitive non-appreciation,” when they simply are trying to keep their exchange rates stable in the same way that Japan is doing. This only infuriates other countries by accusing them of “manipulating” the currency, when they are simply trying to defend themselves against the $2 trillion onslaught of QE from the United States already, with up to a trillion dollars more threatening to be poured into the world’s foreign exchange markets.
This trillion dollar injection of dollar liquidity is a base for being multiplied ninety-nine times by putting down just 1%. So finance ministers are beginning to ask themselves what is to stop the United States from creating enough credit to buy up all the real estate, all the companies and every bit of stock in the world – and make the currency gain to pay off the loans in devalued dollars. Without isolating the dollar by imposing currency controls, U.S. banks have an infinite capacity to create credit and buy up foreign resources.
Sellers of foreign real estate, companies, stocks and bonds turn the dollars they receive over to their banks, which turn them over to the central bank – which tries to hold down their exchange rate by buying U.S. Treasury bonds that yield only 1% interest.
So the U.S. is betting that it can flood the global economy with easy dollar credit and achieve what used to require an army to conquer: to obtain ownership of foreign land and property, mineral rights and other assets. This is now done by financial aggression, without the expensive overhead of an armed invasion. It is like a neutron bomb: it doesn’t destroy property; it keeps it in place for the financial aggressors to appropriate.