The RetrieverTraining.Net Forums The Retriever Academy
Total Retriever Training with Mike Lardy
Hawkeye Media Gunners Up Tritronics Outdoor Media
Results 1 to 10 of 10

Thread: New Day Dawns...

  1. #1
    Senior Member Keith Farmer's Avatar
    Join Date
    Feb 2003
    Location
    waycross, georgia united states
    Posts
    1,156

    Default New Day Dawns...

    "China calls for new global currency, adds pressure for overhaul of financial order"

    By JOE McDONALD | AP Business Writer 7:37 AM EDT, March 24, 2009 http://www.courant.com/business/nati...,3112807.story

    Of particular interest in this piece is this quote:

    "A super-sovereign reserve currency managed by a global institution could be used to both create and control global liquidity," Zhou wrote. "This will significantly reduce the risks of a future crisis and enhance crisis management capability."
    Here are a couple of quotes about the topic that may be of interest (from this site: http://www.forcingchange.org/one_wor...thout_endnotes



    “A global economy requires a global currency.”
    — Paul Volcker, former Chair of the US Federal Reserve.

    “The control of money and credit strikes at the very heart of national sovereignty.”
    — A.W. Clausen, President of Bank of America, in a response to the suggestion of a global central bank. [Clausen later became the President of the World Bank].
    “Once a nation parts with control of its currency and credit, it matters not who makes that nation’s laws.”
    — W.L. Mackenzie King, [former Prime Minister of Canada].

    "In a May, 2007 lecture, Mundell related, “International monetary reform usual becomes possible only in response to a felt need and the threat of a global crisis.”


    This Nobel Prize winner also pointed his finger to the possible trigger event, saying that the “global crisis would have to involve the dollar,” and that a world currency should be viewed as “a contingency” to a global dollar disaster."

    With a similar crisis in mind, Benn Steil offers what appears to be an altruistic solution. In order to avert the crisis, all that nations need to do is relinquish sovereignty before the problem become insurmountable...

    “Governments must let go of the fatal notion that nationhood requires them to make and control the money used in their territory. National currencies and global markets simply do not mix; together they make a deadly brew of currency crisis and geopolitical tension and create ready pretexts for damaging protectionism.”


    In the beginning God created the heavens and the earth (Gen 1:1 NKJV)... 1 In the beginning was the Word, and the Word was with God, and the Word was God. 2 He was in the beginning with God. 3 All things were made through Him, and without Him nothing was made that was made. 4 In Him was life, and the life was the light of men. (John 1:1-4NKJV)

    No evolution, no monkey ancestors, no big bang!

  2. #2
    Senior Member Bob Gutermuth's Avatar
    Join Date
    Aug 2004
    Location
    Transchoptankia, DEMOCRATIC Peoples Republic of Maryland
    Posts
    3,065

    Default

    The relinquishment of US sovereignty over its own people, territory, currency and laws is something that must never happen. We have survived 200+ yrs as an independent nation and no global crisis is sufficient to surrender our independence to any other nation or organization, despite how convincing the arguments of our enemies, or our would be friends. The US must remain a beacon of freedom to the world, not just another satellite nation of a world government.
    Bob Gutermuth
    Canvasback Chesapeakes
    ROLL TIDE!

  3. #3
    Senior Member Keith Farmer's Avatar
    Join Date
    Feb 2003
    Location
    waycross, georgia united states
    Posts
    1,156

    Default

    The relinquishment of US sovereignty over its own people, territory, currency and laws is something that must never happen.
    Agreed...

    Now, how do WE stop the train that is speeding in that direction?!

    By the way...is the "global crisis" real...or is it a ploy? I quote again:

    "In a May, 2007 lecture, Mundell related, “International monetary reform usual becomes possible only in response to a felt need and the threat of a global crisis.”
    Last edited by Keith Farmer; 03-24-2009 at 08:55 AM.
    In the beginning God created the heavens and the earth (Gen 1:1 NKJV)... 1 In the beginning was the Word, and the Word was with God, and the Word was God. 2 He was in the beginning with God. 3 All things were made through Him, and without Him nothing was made that was made. 4 In Him was life, and the life was the light of men. (John 1:1-4NKJV)

    No evolution, no monkey ancestors, no big bang!

  4. #4
    Senior Member YardleyLabs's Avatar
    Join Date
    Dec 2006
    Location
    Yardley, PA
    Posts
    6,639

    Default

    Quote Originally Posted by Bob Gutermuth View Post
    The relinquishment of US sovereignty over its own people, territory, currency and laws is something that must never happen. We have survived 200+ yrs as an independent nation and no global crisis is sufficient to surrender our independence to any other nation or organization, despite how convincing the arguments of our enemies, or our would be friends. The US must remain a beacon of freedom to the world, not just another satellite nation of a world government.
    I agree. However, I believe that the rest of the world would be crazy to allow the world economy to continue to be pegged to the dollar. For the last 20 years we have proven repeatedly that we lack the discipline and the wisdom to manage a global currency since ultimately we are focused on managing our own currency for our own purposes. Those purposes have included recurring deficits and massive devaluation.

  5. #5
    Senior Member Bob Gutermuth's Avatar
    Join Date
    Aug 2004
    Location
    Transchoptankia, DEMOCRATIC Peoples Republic of Maryland
    Posts
    3,065

    Default

    IF the dollar were still pegged to the gold standard perhaps we would not have such trouble with currency fluctuations.
    Bob Gutermuth
    Canvasback Chesapeakes
    ROLL TIDE!

  6. #6
    Senior Member YardleyLabs's Avatar
    Join Date
    Dec 2006
    Location
    Yardley, PA
    Posts
    6,639

    Default

    Quote Originally Posted by Bob Gutermuth View Post
    IF the dollar were still pegged to the gold standard perhaps we would not have such trouble with currency fluctuations.
    And if we had stayed in the bronze age there would never have been a cold war.

    I lived in Switzerland for seven years and my family continued to live there for several more. Throughout that period from 1960-1971, the Swiss franc was worth $0.23 +/- $0.01. In 1900, it had been worth $0.20.

    Today, the Swiss franc is worth about $0.89, reflecting a devaluation of the dollar to a little over one-fourth of its value at that time. The biggest losses were in the 1970's with the Ford/Carter economic disasters. Things got a little better under Reagan and then began to collapse again under Bush Sr. Clinton oversaw about a 20% devaluation of our currency but then the dollar began to strengthen and ended stronger than it had been at the beginning of his presidency. Under GWB, however, the administration decided that there was too much emphasis on a strong dollar and began using devaluation more consciously as a way to reduce imports and reduce the cost of paying for deficit driven debt. Accordingly, the dollar was allowed to drop almost 40% during the GWB presidency. That's a pretty steep "tax" that we all pay.

    To give that a context, in the 1990's, the average salary for a programmer in Switzerland was more than three times what the same programmer was paid in the U.S. and the process of importing programmers from Europe, which had been common for twenty years, ended abruptly in the mid 1990's because we could no longer compete for European talent.

  7. #7
    Senior Member Goose's Avatar
    Join Date
    Oct 2003
    Location
    McKinney, Texas
    Posts
    808

    Default

    We don't need to stop the speeding train...just put Obama on the track in front of it!!!

  8. #8
    Senior Member Keith Farmer's Avatar
    Join Date
    Feb 2003
    Location
    waycross, georgia united states
    Posts
    1,156

    Default

    By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 12 mins ago

    Geithner made it clear he believes the treasury secretary should be granted broad powers — after consultation with Federal Reserve officials — to take control of a major financial institution and run it. The treasury chief is an official of the administration, unlike the FDIC, which is an independent regulatory agency.
    Geithner wants to take control of a MAJOR FINANCIAL INSTITUTION after okaying it with the FEDs...acting on behalf of the "Administration"...????!!!
    Last edited by Keith Farmer; 03-24-2009 at 07:05 PM.
    In the beginning God created the heavens and the earth (Gen 1:1 NKJV)... 1 In the beginning was the Word, and the Word was with God, and the Word was God. 2 He was in the beginning with God. 3 All things were made through Him, and without Him nothing was made that was made. 4 In Him was life, and the life was the light of men. (John 1:1-4NKJV)

    No evolution, no monkey ancestors, no big bang!

  9. #9
    Senior Member badbullgator's Avatar
    Join Date
    Dec 2004
    Location
    somewhere between Boca Grande and Mims
    Posts
    7,120

    Default

    Don't worry Keith Dear Leader will take care of all
    Views and opinions expressed herein by Badbullgator do not necessarily represent the policies or position of RTF. RTF and all of it's subsidiaries can not be held liable for the off centered humor and politically incorrect comments of the author.
    Corey Burke

  10. #10
    Senior Member Bob Gutermuth's Avatar
    Join Date
    Aug 2004
    Location
    Transchoptankia, DEMOCRATIC Peoples Republic of Maryland
    Posts
    3,065

    Default

    Perhaps he should be called 'Fearless Leader' like the dictator of Pottsylvania and Boris Badenoff's boss in the old Rocky and Bullwinkle cartoons. BHO is at least that incompetent, and about as personable.
    Bob Gutermuth
    Canvasback Chesapeakes
    ROLL TIDE!

Similar Threads

  1. Best Marking Dog Day in and Day Out:
    By greyghost in forum RTF - Retriever Training Forum
    Replies: 43
    Last Post: 12-13-2008, 11:17 PM
  2. VET DAY Post-HAPPPY VETRANS DAY
    By J Hoggatt in forum POTUS Place - For those who talk Politics in the Gallery!
    Replies: 3
    Last Post: 11-11-2008, 10:02 AM
  3. What a day!
    By 2tall in forum RTF - Retriever Training Forum
    Replies: 4
    Last Post: 07-27-2008, 06:45 PM
  4. Day 64
    By afdahl in forum RTF - Retriever Training Forum
    Replies: 1
    Last Post: 10-23-2007, 09:08 AM
  5. "Be nice to newbies day" -- every day at RTF!
    By Kristie Wilder in forum RTF - Retriever Training Forum
    Replies: 6
    Last Post: 03-27-2007, 10:07 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •