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	<title>Comments on: Going round in circles</title>
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		<title>By: jameshigham</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7710</link>
		<dc:creator>jameshigham</dc:creator>
		<pubDate>Wed, 10 Feb 2010 16:15:29 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7710</guid>
		<description>The royal bloodline in England does not lead to Charles.

That&#039;s right.  It&#039;s a crime which not many know about.  This brings the Venetians back into the frame.

@scuze my spellling.
In a rush :-)

You&#039;re always in a rush.</description>
		<content:encoded><![CDATA[<p>The royal bloodline in England does not lead to Charles.</p>
<p>That&#8217;s right.  It&#8217;s a crime which not many know about.  This brings the Venetians back into the frame.</p>
<p>@scuze my spellling.<br />
In a rush <img src='http://nourishingobscurity.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>You&#8217;re always in a rush.</p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7706</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Wed, 10 Feb 2010 14:02:52 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7706</guid>
		<description>@scuze my spellling.
In a rush :-)</description>
		<content:encoded><![CDATA[<p>@scuze my spellling.<br />
In a rush <img src='http://nourishingobscurity.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7705</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Wed, 10 Feb 2010 13:54:22 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7705</guid>
		<description>Yup, there is.

As Jesse said, in relation to AIG, and the US economy&lt;b&gt;&quot;This was no accident, no act of God. No unforeseen mishap, no simple miscalculation.

Somebody pushed AIG out a window, to collect the insurance. Then they saw the opportunity to extort billions from the Congress and a Presidency in transition by bringing the financial system to the point of collapse. And they took it. And somebody knows who and how they did it.

Somebody knows.&lt;/b&gt;

Factor in Greece, and you have to wonder if they have any positions on Ireland, Portugal, Italy, Spain, and the UK finances, and how big those positions are.

Chinese companies were sold $b derivatives to protect against increases in global oil costs. This was at the time when the US derivatives manufacturers were themselves heavily involved in the price elevation to $150/barrel +/-.  When the oil price collapsed last year, the Chinese companies owed $ to the US banks. The Chinese authorities were able to see through this fraud, and backed their own national companies when they chose not to pay the fraudsters.  

The entire ethos is now so laced with fraud and fraudulent methods.........

It seems the race is on to secure a place at the table outlined in your latest blog.

Bastards!

RE Charles, the defender of faiths: 
After the crucifiction, a section of &lt;b&gt;the&lt;/b&gt; bloodline did travel to England. Another section of &lt;b&gt;the&lt;/b&gt; bloodline did travel to France.
The English &lt;b&gt;bloodline&lt;/b&gt; did marry into, and create a royal dynasty.
In France, the &lt;b&gt;bloodline&lt;/b&gt; survived and prospered, as did the many priests and officials who also traveled there. 
When, 1000 years later, the call went out to rescue the Holy land from Arab invaders, it was the progeny of the priestly families, now knights, and Barons, etc, who answered the call.

The proceeds of the few, who excavated the secrets burried just before Masada massacre in the Temple, elevated them to become the Templars. Freemasonry has several side degrees relating to Templars, and their &quot;encampments&quot;.  Some descendents, cognisant of those degrees, and the 33rd degree in all its detail, are active in Washington, quietly, to this day.

The royal bloodline in England does not lead to Charles. Not by any stretch. In fact the house of Hanover, and the current house of Windsor, (Saxe-Coburg-Gotha, pre 1917...changed because of WW1)were/are guilty of many crimes, via their agents, to de-legitamise the true English &lt;b&gt;bloodline&lt;/b&gt;

Quite a few middle ages writers were aware of this bloodline, (still existing, though not officially), the evidence is in the metrology that they decipher, something that conventional historians/archeologists totally ignore.

He obviously traces it via Europe. In other words, he is a usurper as far as this nation is concerned, if his trace is correct, and given past activities, I would doubt that, whatever famouse names assert the peerage, they are beholden to the existing power bases.

Ultimately, the true bloodline goes back to sages far older even than Solomon.

Oh, well.....</description>
		<content:encoded><![CDATA[<p>Yup, there is.</p>
<p>As Jesse said, in relation to AIG, and the US economy<b>&#8220;This was no accident, no act of God. No unforeseen mishap, no simple miscalculation.</p>
<p>Somebody pushed AIG out a window, to collect the insurance. Then they saw the opportunity to extort billions from the Congress and a Presidency in transition by bringing the financial system to the point of collapse. And they took it. And somebody knows who and how they did it.</p>
<p>Somebody knows.</b></p>
<p>Factor in Greece, and you have to wonder if they have any positions on Ireland, Portugal, Italy, Spain, and the UK finances, and how big those positions are.</p>
<p>Chinese companies were sold $b derivatives to protect against increases in global oil costs. This was at the time when the US derivatives manufacturers were themselves heavily involved in the price elevation to $150/barrel +/-.  When the oil price collapsed last year, the Chinese companies owed $ to the US banks. The Chinese authorities were able to see through this fraud, and backed their own national companies when they chose not to pay the fraudsters.  </p>
<p>The entire ethos is now so laced with fraud and fraudulent methods&#8230;&#8230;&#8230;</p>
<p>It seems the race is on to secure a place at the table outlined in your latest blog.</p>
<p>Bastards!</p>
<p>RE Charles, the defender of faiths:<br />
After the crucifiction, a section of <b>the</b> bloodline did travel to England. Another section of <b>the</b> bloodline did travel to France.<br />
The English <b>bloodline</b> did marry into, and create a royal dynasty.<br />
In France, the <b>bloodline</b> survived and prospered, as did the many priests and officials who also traveled there.<br />
When, 1000 years later, the call went out to rescue the Holy land from Arab invaders, it was the progeny of the priestly families, now knights, and Barons, etc, who answered the call.</p>
<p>The proceeds of the few, who excavated the secrets burried just before Masada massacre in the Temple, elevated them to become the Templars. Freemasonry has several side degrees relating to Templars, and their &#8220;encampments&#8221;.  Some descendents, cognisant of those degrees, and the 33rd degree in all its detail, are active in Washington, quietly, to this day.</p>
<p>The royal bloodline in England does not lead to Charles. Not by any stretch. In fact the house of Hanover, and the current house of Windsor, (Saxe-Coburg-Gotha, pre 1917&#8230;changed because of WW1)were/are guilty of many crimes, via their agents, to de-legitamise the true English <b>bloodline</b></p>
<p>Quite a few middle ages writers were aware of this bloodline, (still existing, though not officially), the evidence is in the metrology that they decipher, something that conventional historians/archeologists totally ignore.</p>
<p>He obviously traces it via Europe. In other words, he is a usurper as far as this nation is concerned, if his trace is correct, and given past activities, I would doubt that, whatever famouse names assert the peerage, they are beholden to the existing power bases.</p>
<p>Ultimately, the true bloodline goes back to sages far older even than Solomon.</p>
<p>Oh, well&#8230;..</p>
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		<title>By: James Higham</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7699</link>
		<dc:creator>James Higham</dc:creator>
		<pubDate>Wed, 10 Feb 2010 11:18:26 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7699</guid>
		<description>Gee, there&#039;s so much to take in all at once, isn&#039;t there?</description>
		<content:encoded><![CDATA[<p>Gee, there&#8217;s so much to take in all at once, isn&#8217;t there?</p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7695</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Wed, 10 Feb 2010 10:33:08 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7695</guid>
		<description>&lt;a href=&quot;http://2.bp.blogspot.com/_H2DePAZe2gA/S2tZZAPsQKI/AAAAAAAALQs/yjEcSepPaeM/s1600-h/derivtrading013010.png&quot; rel=&quot;nofollow&quot;&gt;GS has assisted Greece in hiding its true debt levels from the EU since 2002, at least. This avoidance was achieved by creating Credit Default Swaps, and an EU reporting system that was not designed to show such OTC derivatives. As far as the EU is concerned, this was fraudulent reporting. (that&#039;s rich coming from the EU!).  GS are now in the position to dictate spreads and rates to Greece. Clearly the OTC entities, and their manufactures are out of control. In free markets, agile entities should be free to profit from nations (politicians) stupidity, but to create the ability and incentive for politicians to behave in this manner, and then pull the plug on the entire nation, and to vastly elevate the risk of a domino effect from the elevated risk profile that can now be created, seems to me to be a step too far. This realisation may finally create the urgency for global action against OTC derivatives. But I won&#039;t hold my breath.&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p><a href="http://2.bp.blogspot.com/_H2DePAZe2gA/S2tZZAPsQKI/AAAAAAAALQs/yjEcSepPaeM/s1600-h/derivtrading013010.png" rel="nofollow">GS has assisted Greece in hiding its true debt levels from the EU since 2002, at least. This avoidance was achieved by creating Credit Default Swaps, and an EU reporting system that was not designed to show such OTC derivatives. As far as the EU is concerned, this was fraudulent reporting. (that&#8217;s rich coming from the EU!).  GS are now in the position to dictate spreads and rates to Greece. Clearly the OTC entities, and their manufactures are out of control. In free markets, agile entities should be free to profit from nations (politicians) stupidity, but to create the ability and incentive for politicians to behave in this manner, and then pull the plug on the entire nation, and to vastly elevate the risk of a domino effect from the elevated risk profile that can now be created, seems to me to be a step too far. This realisation may finally create the urgency for global action against OTC derivatives. But I won&#8217;t hold my breath.</a></p>
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		<title>By: Moggs Tigerpaw</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7692</link>
		<dc:creator>Moggs Tigerpaw</dc:creator>
		<pubDate>Wed, 10 Feb 2010 09:07:35 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7692</guid>
		<description>I really don&#039;t think most people will get off their butts to do anything. Close to half the people don&#039;t even bother to vote once in every 4 or 5 years. They are not going to write to their MP. Probably not do anything at all.

That is what you are trying to do. wake up sleepwalkers being played sleepytime mood music by the EU and Labour. After being given some cheap larger and lots of TV.</description>
		<content:encoded><![CDATA[<p>I really don&#8217;t think most people will get off their butts to do anything. Close to half the people don&#8217;t even bother to vote once in every 4 or 5 years. They are not going to write to their MP. Probably not do anything at all.</p>
<p>That is what you are trying to do. wake up sleepwalkers being played sleepytime mood music by the EU and Labour. After being given some cheap larger and lots of TV.</p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7478</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Mon, 08 Feb 2010 23:36:31 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7478</guid>
		<description>&lt;a href=&quot;http://www.zerohedge.com/article/two-hedge-funds-one-bank-there-concerted-effort-destroy-greece&quot; rel=&quot;nofollow&quot;&gt;Zerohedge weighs in too&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p><a href="http://www.zerohedge.com/article/two-hedge-funds-one-bank-there-concerted-effort-destroy-greece" rel="nofollow">Zerohedge weighs in too</a></p>
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		<title>By: Trooper Thompson</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7463</link>
		<dc:creator>Trooper Thompson</dc:creator>
		<pubDate>Mon, 08 Feb 2010 20:34:33 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7463</guid>
		<description>James, 

If a referendum is to be attained, there must be a groundswell of opinion in its favour, and a debate in political circles. 

It is no surprise that the majority of LIBLABCON candidates have responded with a no. As with the last election, so with this one, the three parties have the same position on the EU.

However, one should persevere, the election hasn&#039;t even been called yet.</description>
		<content:encoded><![CDATA[<p>James, </p>
<p>If a referendum is to be attained, there must be a groundswell of opinion in its favour, and a debate in political circles. </p>
<p>It is no surprise that the majority of LIBLABCON candidates have responded with a no. As with the last election, so with this one, the three parties have the same position on the EU.</p>
<p>However, one should persevere, the election hasn&#8217;t even been called yet.</p>
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		<title>By: James Higham</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7448</link>
		<dc:creator>James Higham</dc:creator>
		<pubDate>Mon, 08 Feb 2010 16:44:35 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7448</guid>
		<description>

&lt;blockquote&gt;&lt;em&gt;Still, Goldman’s initial call surprised A.I.G. officials, according to three A.I.G. employees with direct knowledge of the situation. The insurer put up $450 million on Aug. 10, 2007, to appease Goldman, but A.I.G. remained resistant in the following months and, according to internal messages, was convinced that Goldman was also pushing other trading partners to ask A.I.G. for payments.&lt;/em&gt;&lt;/blockquote&gt;



That looks awfully like a deliberate act to me.</description>
		<content:encoded><![CDATA[<blockquote><p><em>Still, Goldman’s initial call surprised A.I.G. officials, according to three A.I.G. employees with direct knowledge of the situation. The insurer put up $450 million on Aug. 10, 2007, to appease Goldman, but A.I.G. remained resistant in the following months and, according to internal messages, was convinced that Goldman was also pushing other trading partners to ask A.I.G. for payments.</em></p></blockquote>
<p>That looks awfully like a deliberate act to me.</p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7442</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Mon, 08 Feb 2010 16:15:38 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7442</guid>
		<description>&lt;a href=&quot;http://jessescrossroadscafe.blogspot.com/2010/02/rorschachs-journal-last-night-comedian.html&quot; rel=&quot;nofollow&quot;&gt;&lt;b&gt;Read the full article, linked in the blog, to appreciate the depth. The same party will soon attempt the same on a national scale. They have been involved with Greece since 2002!&lt;/b&gt;&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p><a href="http://jessescrossroadscafe.blogspot.com/2010/02/rorschachs-journal-last-night-comedian.html" rel="nofollow"><b>Read the full article, linked in the blog, to appreciate the depth. The same party will soon attempt the same on a national scale. They have been involved with Greece since 2002!</b></a></p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7440</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Mon, 08 Feb 2010 15:58:26 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7440</guid>
		<description>http://www.spiegel.de/international/europe/0,1518,675196,00.html</description>
		<content:encoded><![CDATA[<p><a href="http://www.spiegel.de/international/europe/0,1518,675196,00.html" rel="nofollow">http://www.spiegel.de/international/europe/0,1518,675196,00.html</a></p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7439</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Mon, 08 Feb 2010 15:43:36 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7439</guid>
		<description>Daddy Warbucks is the US military/industrial complex, through their bought politicians</description>
		<content:encoded><![CDATA[<p>Daddy Warbucks is the US military/industrial complex, through their bought politicians</p>
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		<title>By: xxxl</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7438</link>
		<dc:creator>xxxl</dc:creator>
		<pubDate>Mon, 08 Feb 2010 15:32:52 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7438</guid>
		<description>James, you may not be aware, but this weekend saw secret meetings between the worlds central bankers.

They are extremely worried about sovereign debt defaults, and nations collapsing.

I have (as you know), long maintained that this collapse is by deliberate design, orchestrated over decades.

The following, in bold, is by a well respected, lifelong businessman, who has correctly called many moves correctly, Jim Sinclair.

Now you know why I have raved against OTC derivative, why I have called out politicians, past and present, and Fed Chairmen who have refused to control them, and indeed resisted initial attempts to control them in the Clinton regime. Now you know why certain entities were bailed out.

This entire scenario plays alongside the details, and more, that you expose in this, and other posts. 

They are all part of the same.

I will repeat the author. &quot;China has insulated itself against this&quot;. 
China was also the main party that collapsed the fraudulant Copenhagen Climate Fiasco.

Below speaks of a controlled attempt to cascade economies irrespective of nationality, so that the few will profit. Corrupt politicians and regulators have facilitated this.

Welcome to feudalism.

Read, and weep!

&lt;b&gt;1. Bretton Woods was folded.
2. The floating exchange rate system is about to be folded.
3. By default or design we are going to a one-world currency and a one-world central bank of central banks.
4. For Portugal, Ireland, Italy, Greece or Spain to break off from the euro would be an expansion of the floating exchange rate system under present conditions.
5. There are presently 3 major currencies. That is the US dollar, the euro and gold.
6. The SDR was an attempt to form a single reserve currency that never took flight.
7. The SDR is an accounting unit made up of an index of currencies much like the USDX.

There is no immunity now from the size of funds seeking to speculate or manipulate markets. This type of money is attacking the debt of the weaker euro states by intention or coincidence. Their success in the Iceland situation was only the first chapter of a multi chapter play.

Central bankers fear that this type of action, most certainly if it is as successful as it was on Iceland, succeeding against the weaker euro states could easily attack the present functional reserve currencies, the US dollar and the euro.

There is an implicit fear that if the ECB refuses to or cannot sustain the debt of Portugal, Ireland, Italy, Greece and Spain the next to fall will be both the US dollar and the euro.

The states of the US are no different, in form or short opportunity, than weak members of the euro. Already major money is short California, New York and Pennsylvania debt. A pounding of state debt is as easy as the pounding of the weaker members of the euro.

Attack of a currency is primarily an attack of the debt representing that currency.

Central banks are run by bankers who used to measure their capital in millions only a few years ago. After the invention of the OTC derivative they measured their capital as today in billions. They now imagine measuring their capital both of their banks and personally in the trillions as they challenge nations, not companies.

China knows this and is insulating itself from this.

To accomplish this end whilst maintaining and increasing the value of hard assets ( assets of major players) a new single reserve currency must be functionally initiated either by default or by design.

A singular world currency must be an index of many currencies adjusted from time to time. Adjustment within its membership is the key to a common currency that the EU forgot about.

Whatever institution manages that index becomes the central bank of central banks able to create artificial money according to its allocation of the single currency index. This is what was desired of the SDR originally.

The chances of reverting to a Bretton Woods or increasing the Floating Exchange rates are unlikely.

A collapse of the weaker states of the euro would be an expansion of the floating exchange rate strengthening the market forces that will attack all nations one by one after their success in Iceland. The weakest will be the first to go, but none are safe.

The chance of an abrupt change to something new now, as above, is unlikely. The probability of moving towards a one world currency in stages over the next 5 years is a reality.

In order to make that transition a method of raising the status of the IMF and the SDR would be most likely. Such a transition would be for this entity to assist in sustaining the weaker states of the euro and the USA as the states of the USA are now rolling over harder, balance sheet wise, than the weaker states of the euro

The debt of nations is not immune to the tsunami of these speculative and manipulative funds attacking by design or coincidence, focusing on a market all on one side – short.

OTC derivatives are being used in the strategy to collapse the weaker states of the euro.

OTC derivatives are the cause of this entire trauma by design or coincidence.

Nothing has been done to curtail or reduce the ever-growing mountain of these instruments.

All that has occurred is the new means of valuation as value to maturity, and the collapse of FASB requiring market valuation. Both items repaired the appearance of the balance sheet of the financial entities by allowing a cartoon of valuations to re-enter the system.

The decision will take place that is in the best interest of the majority power of four groups ruling these bi-polar central bank meetings. Those groups are the banksters, bankers, Daddy Warbucks and politicians.

Results:

1. Gold will progressively lock price-wise in the inverse to the SDR or similar item.
2. An exchange will soon begin to trade a virtual SDR or similar item just as they trade a virtual dollar as the USDX or virtual gold as a paper gold.
3. The USDX will become redundant.
4. The ability to pay off the debt of previous reserve currencies with market de-valued paper is facilitated.
5. Currencies as a whole will decline.
6. That decline will be the SDR versus the gold price.
7. The method of attacking a currency is inherent in attacking its debt.

The answer is simple even though the problem is complex.

Reduce all your currency positions into strength. Buy gold in all its forms other than US or Euro based in weakness.&lt;/b&gt;</description>
		<content:encoded><![CDATA[<p>James, you may not be aware, but this weekend saw secret meetings between the worlds central bankers.</p>
<p>They are extremely worried about sovereign debt defaults, and nations collapsing.</p>
<p>I have (as you know), long maintained that this collapse is by deliberate design, orchestrated over decades.</p>
<p>The following, in bold, is by a well respected, lifelong businessman, who has correctly called many moves correctly, Jim Sinclair.</p>
<p>Now you know why I have raved against OTC derivative, why I have called out politicians, past and present, and Fed Chairmen who have refused to control them, and indeed resisted initial attempts to control them in the Clinton regime. Now you know why certain entities were bailed out.</p>
<p>This entire scenario plays alongside the details, and more, that you expose in this, and other posts. </p>
<p>They are all part of the same.</p>
<p>I will repeat the author. &#8220;China has insulated itself against this&#8221;.<br />
China was also the main party that collapsed the fraudulant Copenhagen Climate Fiasco.</p>
<p>Below speaks of a controlled attempt to cascade economies irrespective of nationality, so that the few will profit. Corrupt politicians and regulators have facilitated this.</p>
<p>Welcome to feudalism.</p>
<p>Read, and weep!</p>
<p><b>1. Bretton Woods was folded.<br />
2. The floating exchange rate system is about to be folded.<br />
3. By default or design we are going to a one-world currency and a one-world central bank of central banks.<br />
4. For Portugal, Ireland, Italy, Greece or Spain to break off from the euro would be an expansion of the floating exchange rate system under present conditions.<br />
5. There are presently 3 major currencies. That is the US dollar, the euro and gold.<br />
6. The SDR was an attempt to form a single reserve currency that never took flight.<br />
7. The SDR is an accounting unit made up of an index of currencies much like the USDX.</p>
<p>There is no immunity now from the size of funds seeking to speculate or manipulate markets. This type of money is attacking the debt of the weaker euro states by intention or coincidence. Their success in the Iceland situation was only the first chapter of a multi chapter play.</p>
<p>Central bankers fear that this type of action, most certainly if it is as successful as it was on Iceland, succeeding against the weaker euro states could easily attack the present functional reserve currencies, the US dollar and the euro.</p>
<p>There is an implicit fear that if the ECB refuses to or cannot sustain the debt of Portugal, Ireland, Italy, Greece and Spain the next to fall will be both the US dollar and the euro.</p>
<p>The states of the US are no different, in form or short opportunity, than weak members of the euro. Already major money is short California, New York and Pennsylvania debt. A pounding of state debt is as easy as the pounding of the weaker members of the euro.</p>
<p>Attack of a currency is primarily an attack of the debt representing that currency.</p>
<p>Central banks are run by bankers who used to measure their capital in millions only a few years ago. After the invention of the OTC derivative they measured their capital as today in billions. They now imagine measuring their capital both of their banks and personally in the trillions as they challenge nations, not companies.</p>
<p>China knows this and is insulating itself from this.</p>
<p>To accomplish this end whilst maintaining and increasing the value of hard assets ( assets of major players) a new single reserve currency must be functionally initiated either by default or by design.</p>
<p>A singular world currency must be an index of many currencies adjusted from time to time. Adjustment within its membership is the key to a common currency that the EU forgot about.</p>
<p>Whatever institution manages that index becomes the central bank of central banks able to create artificial money according to its allocation of the single currency index. This is what was desired of the SDR originally.</p>
<p>The chances of reverting to a Bretton Woods or increasing the Floating Exchange rates are unlikely.</p>
<p>A collapse of the weaker states of the euro would be an expansion of the floating exchange rate strengthening the market forces that will attack all nations one by one after their success in Iceland. The weakest will be the first to go, but none are safe.</p>
<p>The chance of an abrupt change to something new now, as above, is unlikely. The probability of moving towards a one world currency in stages over the next 5 years is a reality.</p>
<p>In order to make that transition a method of raising the status of the IMF and the SDR would be most likely. Such a transition would be for this entity to assist in sustaining the weaker states of the euro and the USA as the states of the USA are now rolling over harder, balance sheet wise, than the weaker states of the euro</p>
<p>The debt of nations is not immune to the tsunami of these speculative and manipulative funds attacking by design or coincidence, focusing on a market all on one side – short.</p>
<p>OTC derivatives are being used in the strategy to collapse the weaker states of the euro.</p>
<p>OTC derivatives are the cause of this entire trauma by design or coincidence.</p>
<p>Nothing has been done to curtail or reduce the ever-growing mountain of these instruments.</p>
<p>All that has occurred is the new means of valuation as value to maturity, and the collapse of FASB requiring market valuation. Both items repaired the appearance of the balance sheet of the financial entities by allowing a cartoon of valuations to re-enter the system.</p>
<p>The decision will take place that is in the best interest of the majority power of four groups ruling these bi-polar central bank meetings. Those groups are the banksters, bankers, Daddy Warbucks and politicians.</p>
<p>Results:</p>
<p>1. Gold will progressively lock price-wise in the inverse to the SDR or similar item.<br />
2. An exchange will soon begin to trade a virtual SDR or similar item just as they trade a virtual dollar as the USDX or virtual gold as a paper gold.<br />
3. The USDX will become redundant.<br />
4. The ability to pay off the debt of previous reserve currencies with market de-valued paper is facilitated.<br />
5. Currencies as a whole will decline.<br />
6. That decline will be the SDR versus the gold price.<br />
7. The method of attacking a currency is inherent in attacking its debt.</p>
<p>The answer is simple even though the problem is complex.</p>
<p>Reduce all your currency positions into strength. Buy gold in all its forms other than US or Euro based in weakness.</b></p>
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		<title>By: James Higham</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7429</link>
		<dc:creator>James Higham</dc:creator>
		<pubDate>Mon, 08 Feb 2010 13:49:47 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7429</guid>
		<description>Yes, Lady M.</description>
		<content:encoded><![CDATA[<p>Yes, Lady M.</p>
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		<title>By: James Higham</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7428</link>
		<dc:creator>James Higham</dc:creator>
		<pubDate>Mon, 08 Feb 2010 13:05:47 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7428</guid>
		<description>Yes, we promote Douglas too.  One of the few.</description>
		<content:encoded><![CDATA[<p>Yes, we promote Douglas too.  One of the few.</p>
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		<title>By: Lady Macleod</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7427</link>
		<dc:creator>Lady Macleod</dc:creator>
		<pubDate>Mon, 08 Feb 2010 12:37:58 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7427</guid>
		<description>We, the individuals, are responsible for the government we get.  WE have to take responsibility - write the letters, cast the vote, raise our voices.</description>
		<content:encoded><![CDATA[<p>We, the individuals, are responsible for the government we get.  WE have to take responsibility &#8211; write the letters, cast the vote, raise our voices.</p>
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		<title>By: watching</title>
		<link>http://nourishingobscurity.com/2010/02/08/going-round-in-circles/comment-page-1/#comment-7426</link>
		<dc:creator>watching</dc:creator>
		<pubDate>Mon, 08 Feb 2010 12:32:43 +0000</pubDate>
		<guid isPermaLink="false">http://nourishingobscurity.com/2010/02/08/going-round-in-circles/#comment-7426</guid>
		<description>Here is one MP pushing for a referendum. 
http://www.douglascarswell.com/upload/upload32.pdf</description>
		<content:encoded><![CDATA[<p>Here is one MP pushing for a referendum.<br />
<a href="http://www.douglascarswell.com/upload/upload32.pdf" rel="nofollow">http://www.douglascarswell.com/upload/upload32.pdf</a></p>
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