for paranoids

[prozak at anus.com]

The fight US dollar/EURO and IRAK

(translated from the Romanian)

for over 50 years the reference currency on the mondial market was 
the US dollar. The US dollar is printed only in one place and that is 
Federal Reserve, USA

So if France or any other country wants to buy something in value of 
$50 millions, they need to "work" to make those $50 millions. But if 
USA wants the same thing all they need to do is to print those money. 
which USA did alot in the last 50 years everytime they needed 
something. They "flooded" the world with dollars which they printed 
them W/OUT COVERING THEM WITH GOLD.

Coz of this the american comercial ballance (donno if i translated 
good) is in a huge deficit estimated at $2.5 thousends of billions of 
dollars and its anticipatedthat in the next years (in the ritm 
forseen by Bush budget it will reach 3.5 thousands billions in the 
next 3 years which represent 50% of GDP) As long as the US Dollar 
remains the reference currency of the world, americans will be ok, 
they can print bills and to pay their debts. USA lives on credit from 
the rest of the world.

The problem starts only now: IRAK IS THE FIRST COUNTRY FROM OPEC 
WHICH STARTED TO SELL OIL ON EURO (6 november 2000) when EURO was 
%0.8, so irak lost alot of money then, it was a bold investment. in 
time EURO pass over dollar (so Irak won alot). This was the actual 
"mistake" of Saddam which USA will never forgive. 

At least 2 countries from OPEC (IRAN & Siria) wants to change to EURO 
as the reference currency and in the end this is the intention of the 
whole OPEC. Venesuela, which hold 7% from the world oil changed to a 
combination of EURO-Dollar, i.e. they changed half of the national 
reserve of valuta in EURO. Russian Central bank and China Bank did 
the same thing, this explains the surplus of us dollars on the world 
market and a big demand of euro, that's why dollar is going down in 
raport with EURO.

This is the decisive hit for the american economy for which Alan 
Greenspan (the boss of Federal Reserve) prognosticated a loss of $13 
trillions (13,000,000,000,000) only in the 1rst stage if EURO will 
become the reference currency of the world and this is beside the 
fact that value of the dollar will go down, americans wont be able to 
throw printed dollars how they want (w/out a coverage in gold) the 
countries of the world will get rif of dollars to get Euro to buy oil 
from opec, the big investors will retreat from from the us market and 
will go on the european so in the technoque of living on debth that 
americans did till now will fall.

Now the dollar is mentained artificialy by political arangements 
between USA and China, South korea, Taiwan, Japan. These countries 
produce almost everything that USA consume. USA borrow them money so 
they can produce and they they sell their products to american market 
and from the profit they pay their debts to USA. the dollars come 
back from where they started.

the economists and bankers pointed out far ago that if Asia is not 
supporting dollar with these aranjaments that are not fundamented 
economicaly the dollar value will go down very much. and Asia started 
to change to EURO because they need oil from OPEC too which will sell 
the oil on EURO.

So Bush did this "Axis of Evil" in which he put all the countries 
that started to sell oil on EURO. He will attack these countries 
(Irak, Iran, Syria, Venesuela, etc ) and they wanna install puppet 
guverments which will do the reverse change from EURO to Dollar.

[ SRP note: polarities like "Axis of Evil" are in many ways the one 
thing Pynchon clearly hates, and wants to destroy; he doesn't believe 
in that artificial division and neither do I, since it usually 
conceals profit motivation. ]

This is the reason why UK didnt changed to EURO because if they would 
do it they would be on the oposite side of the americans.

If USA starts the war with all the countries they will remain at the 
UK pound and if EU stops the 
war they will change to EURO (which they keep procastrinated to see 
how things will go even if 
they had some losses and finaciar risks)

(http://www.nytimes.com/financialtimes/international/FT1045510816173.h
tml)

The stake of this war is huge, if USA wont make the war the role of 
mondial superpower will go to UE. Irak is just the begining, no 
matter who wins it the war will be much longer.

[ SRP's note: not sure how much of this I believe/disbelieve, but 
it's a useful corollary to GR, in which wars are fought on the public 
stage and in the subtext :) are commercial swindles. ]

-- 
Backup Rider of the Apocalypse
www.anus.com/metal/
DEATH AND BLACK METAL