Cyprus-Forum.com

[Me Ed]

I'm surprised Turkey hasn't been invited by their "brothers" to join the Gulf monetary council ...

http://news.bbc.co.uk/1/hi/business/8336866.stm

Of course, they are not that thick.

[insan]

Yep, insan, it appears the there are a few racist Chinese anti-semites out there. Here is the reality of the Rothschild conspiracy theory (i.e. that it's not true):

http://www.adl.org/special_reports/cont ... schild.asp

EDIT: Here's more info indicating how the US federal reserve bank actually works, further blowing away the Rothschilds myth: http://www.usagold.com/federalreserve.html

That's not the whole point, Dinos. Russia, China, Venezuella, Iran and Turkey; by using their own currencies to trade with each other, caused revaluation of their own money and devaluation of US dollar. In the long run it will have a destructive impact on US economy. Even US' own people look for other investment tools and escape from the black fate of US dollar.

As a super power, US failed using it's power to fairly reshape the world. One way or another US should be stopped, weakened and forced to reconsider it's ongoing or planned actions if she really wants to contribute stabilization of the world and the so-called world peace.

I personally am not anti-semitic, neither I wish collapse and destruction of any country including US. However, I am highly discontented with ill-intentions of greedy US administration(huge capital owners) and greedy-sneaky EU administartion(huge capital owners and religious circles).

A weakened US may also have positive impacts on arrogant and aggressive Israel administration.

[Paphitis]

Yep, insan, it appears the there are a few racist Chinese anti-semites out there. Here is the reality of the Rothschild conspiracy theory (i.e. that it's not true):

http://www.adl.org/special_reports/cont ... schild.asp

EDIT: Here's more info indicating how the US federal reserve bank actually works, further blowing away the Rothschilds myth: http://www.usagold.com/federalreserve.html

That's not the whole point, Dinos. Russia, China, Venezuella, Iran and Turkey; by using their own currencies to trade with each other, caused revaluation of their own money and devaluation of US dollar. In the long run it will have a destructive impact on US economy. Even US' own people look for other investment tools and escape from the black fate of US dollar.

As a super power, US failed using it's power to fairly reshape the world. One way or another US should be stopped, weakened and forced to reconsider it's ongoing or planned actions if she really wants to contribute stabilization of the world and the so-called world peace.

I personally am not anti-semitic, neither I wish collapse and destruction of any country including US. However, I am highly discontented with ill-intentions of greedy US administration(huge capital owners) and greedy-sneaky EU administartion(huge capital owners and religious circles).

A weakened US may also have positive impacts on arrogant and aggressive Israel administration.

Insan, the only thing that need concern you is the price of coffee beans....

[insan]

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

By Robert Fisk


Tuesday, 6 October 2009
Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.


In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.




Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years
http://www.independent.co.uk/news/busin ... 98175.html

[insan]

Sean O'Grady: China will overtake America, the only question is when


Tuesday, 6 October 2009


Few things would be more powerfully symbolic of the shift in the balance of global economic power than to have oil traded in the Chinese renminbi rather than the American dollar.


True, no one is going to price a barrel of West Texas Intermediate Crude in renminbi tomorrow. But you can see how that could change. Oil is traded in dollars for economic reasons – not sentimental ones. The oil business pretty much started in the US (vividly portrayed in the film There Will be Blood), the giant oil companies are still mostly American, and the US has long been the world's largest consumer, importer and one of the largest producers of oil. The presidency of George W Bush offered ample evidence of the intimate connections between politics and oil. And the dollar is easily the most traded currency in the world. As such, it makes sense to trade oil in dollars.

http://www.independent.co.uk/news/busin ... 98176.html

[Nikitas]

Is this forthcoming crisis in the US going to be worse than the one over the Y2K bug?

Remember how people were buying generators, ammunition, tinned food etc to be prepared for the crisis. The one that never came?

Same shit now. The US is not strong because of its currency, but because what it can make and the capabilities of its defence industry. It helps to keep a sense of perspective about things sometimes.

[insan]

FM: Iran, other Asian countries keen to establish “Asian Union”




Iran and other Asian countries are keen to follow a plan on establishment of the "Asian Union", Foreign Minister Manouchehr Mottaki said here on Thursday.

Mottaki made the remark on the sidelines of the 8th Asia Cooperation Dialogue (ACD) Ministerial Meeting in Colombo, Sri Lanka.

Referring to the current global crisis and its effects on the region, he added establishment of the union would be useful in this respect.

Pointing to Iran's proposals to the ACD Ministerial Meeting, Mottaki underlined that the proposals have been highlighted and ratified in the fields of tourism, transportation and trade during the event.

In an effort to be informed of ACD decisions, the Iranian FM said a troika have been established by Iran, Sri Lanka and Kazakhstan.

Mottaki is going to negotiate with Sri Lankan president Mahinda Rajapaksa Thursday evening.

ACD Ministerial Meeting was held in Colombo under the theme of ‘Spirit of Asia: Global Economic Recovery and Development Prospects’.

http://www.mfa.gov.ir/cms/cms/Tehran/en/NEW/257882.html

[insan]

Is this forthcoming crisis in the US going to be worse than the one over the Y2K bug?

Remember how people were buying generators, ammunition, tinned food etc to be prepared for the crisis. The one that never came?

Same shit now. The US is not strong because of its currency, but because what it can make and the capabilities of its defence industry. It helps to keep a sense of perspective about things sometimes.

It has nothing like y2k bug hoax, Nikitas. This is an economic warfare. The currency cold-war. It appeared as both an economic measure and weakening US to force her reconsider it's destructive global policies and actions.

[insan]

ASEAN Leaders Argue Over Shape Of Asian Union
By KhronoStock on October 28, 2009


Asia’s moves toward an EU-style community covering half the world’s population have sparked a backroom power play led by the United States, China and Japan, diplomats and analysts said Monday.

Leaders at a summit of 16 nations meeting in Thailand at the weekend heard the prime ministers of Australia and Japan set out competing visions for a regional bloc that would boost Asia’s global clout.

But beneath the talk of unity and the “Asian Century” lie intense diplomatic manoeuvrings, with countries desperate to avoid being marginalised in a new regional framework that could still be years off.

“The waters may be calm on the surface, but the undercurrent is sometimes turbulent,” a veteran Southeast Asian diplomat told AFP after the summit in the Thai beach resort of Hua Hin.

A central question is the role that the United States and China would play in any future grouping.

“Some countries want the United States to be part of a future regional framework as a counterbalance to China’s influence,” the diplomat said, asking not to be named.

Japanese premier Yukio Hatoyama, who pushed his plan at the summit for an East Asian community that could “lead the world”, would not be drawn on the extent of proposed US involvement despite Tokyo’s close ties to Washington.

But Australian leader Kevin Rudd’s vision for an Asia-Pacific Community by 2020 explicitly includes Washington.

“Whether we like it or not, I think we could not avoid a US role because the US is a big country which has powers both in economic and security matters,” said Chaiwat Khamchoo, an analyst at Bangkok’s Chulalongkorn University.

“Some countries in the region are suspicious of each other so they want the US to play a role.”

After the distractions of Iraq and Afghanistan, the United States has only recently re-engaged with the region, particularly in Southeast Asia where Washington’s hard line on military-ruled Myanmar kept it at a distance.

With Japan kept busy by its economic woes, China has boosted its influence across the region in recent years, signing a free trade agreement with the 10-member Association of Southeast Asian Nations (ASEAN).

India has tried to play catch-up, belatedly signing its own trade pact with the bloc.

Russia has meanwhile applied to join the East Asia Summit, this weekend’s meeting which groups ASEAN with China, Japan, South Korea, India, Australia and New Zealand.

But next month US President Barack Obama will hold the first ever summit with ASEAN leaders, as well as attending the Asia-Pacific Economic Cooperation forum in Singapore.

Earlier this year US Secretary of State Hillary Clinton announced that the “US is back in Southeast Asia”.

Malaysian Prime Minister Najib Razak said in an interview with the Bangkok Post published Monday that any future Asia-wide community “must engage” with the United States.

“We should see to what extent we can integrate them (the United States) into the East Asian Community,” he said.

And while the big players jockey for position, ASEAN itself is trying to stay in the driving seat of any new grouping.

This is based on the fact that it already hosts the main annual meetings with the region’s major powers, especially the East Asia Summit.

But Asian leaders did appear to agree at this weekend’s summit that they need some new framework to hold together their diverse and sometimes fractious region.

A closer community would help Asia capitalise on its relatively quick recovery from the global economic crisis and to cut its dependence on the West to drive growth, they said.

Thai Prime Minister Abhisit Vejjajiva said in his closing remarks to the summit on Sunday that the “old growth model” in which Asia relies on consumption in the West “will no longer serve us as we move into the future.”

http://www.dailymarkets.com/economy/200 ... ian-union/

[insan]

23.10.2009
Japan makes fresh call for Asian countries to launch single currency

China this week backed a call from Japan for Asian countries to launch a single currency trading bloc for the region, but whether there is sufficient political will for such a project remains to be seen.

Trade ties, the environment, regional security, disaster relief and human rights were just some of the items on the agenda of the 15th summit of the Association of South-East Asian Nations (ASEAN) in Thailand. The most heated topic for discussion, however, was likely to be a renewed call from Japan for 16 countries in Asia and Australasia to create an EU-style single currency area which would - if it gets off the ground - fundamentally change the global balance of power.

The 10-country ASEAN bloc (Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam) is already committed to establishing a single market and manufacturing base by 2015 as well as expanding trade and economic links to regional trading partners such as China and India.

http://www.dw-world.de/dw/article/0,,48 ... 3-xml-atom