"What luck for the rulers that men do not think."
--Adolf Hitler

 
5/31/03 No More Chance for Dollar The rest of the world starts to bail on the dollar.
This is the downside of a fiat monetary system. When US money was based on gold or silver, the holder of the money controlled its worth.

Nothing the government did could alter the worth of that gold or silver. Government's only job was to guarantee that the monetary units were of consistent sizes and weights. But under the fiat-system, control of the worth of the money passed from the holder of the money to the issuing government, and as the government printed up more and more paper money unsupported by anything of value, the worth of the individual monetary units declined.

The current dollar Federal Reserve Note is worth roughly 1/40th of what a dollar Silver Certificate was worth, and now, driven by a billion and a half a day trade deficit, the dollar is about to take a huge plunge.

There is a terrible irony in this.

The whole reason for the war was to try to salvage the hopeless debt problem the government is in by grabbing Iraq's oil and selling it for dollars, to prop up demand for dollars.

But if the dollar collapses, those companies pumping out that oil will still want to charge the world market price, which means prices domestically will skyrocket. That in turn will drive up the prices of every other product that uses petroleum products in any way, shape, or form. And, since most of the manufactured goods we purchase in America are imports, a dropping dollar will send their prices through the roof.

A devalued dollar helps trade only if the US has vast amounts of products ready to export, which it does not. The US Government turned its back on manufacturing decades ago.

As the dollar drops, foreign investors will seek more profitable locales for their money, and those portions of the government debt held by foreign interests and calculated in the currency of the lending nation also become far greater.

The bills of all the "deficit spending" have come due. And there is nothing left to pay them with.

[ http://www.whatreallyhappened.com/ ]

 
"We must make clear to the Germans that the wrong for which their fallen

leaders are on trial is not that they lost the war, but that they started it."



US Supreme Court Justice Robert L. Jackson who was a representative to the

International Conference on Military Trials at the end of World War II



He further stated that "no grievances or policies will justify resort to

aggressive war. It is utterly renounced and condemned as an instrument of

policy."

 
---Residents here said U.S. troops had provoked anger Tuesday when they searched houses in an outlying neighborhood and arrived shortly after dawn Wednesday to set up a checkpoint at the entrance to the town. They then began searching homes with the help of local police.

When the searches continued despite what residents called a peaceful protest, a second, angrier, protest formed in the late afternoon that quickly turned violent. Both the U.S. troops and the police immediately withdrew from the town once the riot started, residents said.

"They forced women and children to leave their houses!" shouted Esmael Rabee, a construction worker who made his voice heard above the shouts of those who had crowded around the lone foreign reporter on the scene. "They violated the dignity and honor of our women. We won't accept this violation.

"The people will do more of this if the Americans come in here again," he added, shaking his fist as those around him shouted approval. "They showed no respect for our way of life."

Taxi driver Jumaa Khalif declared: "They were terrifying the women and children."

Hit, a town of about 20,000, is 100 miles west of Baghdad in an area whose inhabitants are mainly conservative Sunni Muslims.---

[from Hit, Iraq]

 
Afghanistan, the poorest country on earth, was the source of tremendous financial wealth derived from the drug trade to financial institutions, business syndicates and organised crime. Part of the drug related revenues accrue to the CIA, which continues to protect both the Asian and Latin American drug trade. Visibly, only a very small percentage of these revenues stays in Afghanistan.

By Michel Chossudovsky
Global Research

 
Israeli, Palestinian Leaders Delay Summit

--- Critics have said Sharon's long-held condition that all violence must stop before peace moves is unrealistic and guarantees failure of any peace initiative, including the road map, thus releasing him from the necessity of following through on his remarks.

"Ariel Sharon likes to walk in the fog, because then no one knows where he is headed," liberal lawmaker Yossi Sarid wrote in the Yediot Ahronot daily

[Associated Press]