Downturn Raises Risk Of Global Financial Warfare by Tom Gjelten

by

jimrickards

Mr. James G. Rickards is Senior Managing Director for Market Intelligence at Omnis, Inc., an applied research organization. He is also Co-Head of the firm’s practice in Threat Finance & Market Intelligence and a member of the Board of Directors.

http://www.npr.org/templates/story/story.php?storyId=100832254

James Rickards, an expert in the emerging field of “threat finance,” is advising the director of national intelligence.

‘A Pearl Harbor On The Dollar’

The concern now is not the gross size of countries’ economies, but how money moves between countries, and the way those movements can turn into a kind of financial warfare. Take China and the United States. The Chinese now hold about $1 trillion worth of U.S. debt, including Treasury notes and other securities. That gives them enormous power over the U.S. economy. Were they to suddenly sell those securities, the U.S. dollar would tank.

Rickards said China could set out to conquer the United States this way. Or it could simply decide that such a move made good economic sense.

“You can envision scenarios where they launch a financial attack, you know — a Pearl Harbor on the dollar, if you will,” he said. “And those are the things that I think national security professionals rightly think about. But it doesn’t even have to be that. It could just be China acting in its own best interests, in a way that causes interest rates to go up, the dollar to go down.”

If the Chinese were to dump their U.S. dollar notes all at once, they would hurt themselves almost as much as they hurt the Americans, because the value of those assets would drop so sharply. But Rickards said China could take a halfway stepexchange long-term U.S. debt for short-term notes.

“Don’t think the Chinese aren’t sophisticated about this,” he said. “There are plenty of economists in China who went to MIT and Harvard and the University of Chicago who know more about this than anyone. Those are the kinds of little plays within the bigger picture that I think people are not paying attention to, and they’re potentially threatening.”

dollar_value_chart

Time-relative value

The table shows the equivalent amount of goods, in a particular year, that could be purchased with $1.

Purchasing Power of Money in the United States from 1774 to 2008

http://www.measuringworth.com/ppowerus/

Listen now:

http://www.npr.org/templates/player/mediaPlayer.html?action=1&t=1&islist=false&id=100832254&m=100855555

From AssociatedPress

February 26, 2009

Trillions of dollars in government spending might stabilize the economy, but for now it may have weakened some U.S. Security interests abroad and hampered the nation’s ability to respond financially to an attack at home. (Feb. 25)



33 Responses to “Downturn Raises Risk Of Global Financial Warfare by Tom Gjelten”

  1. rosettasister Says:

    Comment addressed to Bill O’Reilly – I found it to be extremely telling and of a timely nature.

    Dot Stewart Says:
    February 26, 2009 at 6:11 pm

    I hope and pray that Obama’s plans for our economy works! But I have many doubts and am afraid our county will become illiquid!

  2. JAC Says:

    Ok I heard a rumor… I couldn’t find anything when I looked….
    but it was said that Alan Keyes was arrested….
    might be worth a look for the slouths on here….

    oh and senate is right now voting on the ban for the FCC imposing a fairness doctorine

  3. rosettasister Says:

    Eligibility lawyer argues for president’s deportation — Berg seeks proper treatment for ‘illegal alien’

    http://www.wnd.com/index.php?fa=PAGE.view&pageId=90079

  4. JAC Says:

    get some MMS to alkaline your body… it may protect you from virus or poison.

    http://www.dailynewscaster.com/2009/02/11/inside-source-reveals-fema-dhs-prepairing-for-mass-graves-and-martial-law-near-chicago/

    notice how it says vaccinate

  5. rosettasister Says:

    I knew the evil pissant would be behind this!

    Kidding!

    http://www.freerepublic.com/focus/f-news/2193588/posts

    Is the Republican Party fomenting rebellion among the armed forces as a political tactic?

    http://gunnyg.wordpress.com/2009/02/25/is-the-republican-party-fomenting-rebellion-among-the-armed-forces-as-a-political-tactic/

  6. rosettasister Says:

    Had to post this! It’s like a blast from the past!

    To: pissant

    Isn’t obambi going to Camp Lejune to announce his Iraq pullout plans? US President Obama to announce Iraq withdrawal plan on Friday: report – 5 hours ago

    The decision will be announced during the president’s visit to Camp Lejeune in North Carolina on Friday, the officials were quoted by CNN as saying.

    I expect the Secret Service to be showing up with added protection.

    Who knows Larry Sinclair might show up.

    47 posted on Wednesday, February 25, 2009 7:25:11 PM by TomasUSMC

  7. calli Says:

    Rosetta,
    I have spoken to many who say that $8.00 a week will not make a difference in their pay checks!! Some will get a reality check income tax time!! People need to use common sense God gives us !!!
    I have a suggestion for Obama!! How about giving the banks and others $8.00 a week!!Bush cared more for the american people!! He sent a stimulus check twice because he knew the american people needed it sooner that later!!!

  8. rosettasister Says:

    Hey, calli!

    Well, we tried our darnedest to prevent this, but events seem to be overtaking us.

    Hopefully, Obama will use some of those brain cells the Good Lord gave him and ask to do a do-over.

    Not a likely scenario!

    It really is a shame that Specter, Snowe and Collins didn’t hold the line.

    I really believe Obama would have been open to compromise.

    Now we have to live with this travesty!

    And there’s nothing left.

  9. rosettasister Says:

    The Left and a Woman’s Severed Head

    By Phyllis Chesler

    FrontPageMagazine.com | 2/25/2009

    http://www.frontpagemag.com/Articles/Read.aspx?GUID=9D87BA1C-7508-4919-B2D2-17CBF0C2EE00

    Hassan selected the weapon or weapons. He planned this beheading. He was not out of control when he stabbed and beheaded his wife.

    He was controlling the situation in a Pakistani male Muslim kind of way:

    By decapitating the woman, who had once been his wife, who had turned uppity enough to dare to eject him from his own home and who planned to keep his children.

    Hassan may have been living in America for more than thirty years but he still remains a Pakistani Muslim male through and through.

    Beating a wife is the “normal” way to relate to her. Killing her for being disobedient, in his mind, was what she deserved.

  10. Downturn Raises Risk Of Global Financial Warfare by Tom Gjelten … Says:

    […] Downturn Raises Risk Of Global Financial Warfare by Tom Gjelten … […]

  11. JAC Says:

    The Senate approved an amendment Thursday that would outlaw the so-called “Fairness Doctrine,” an off-the-books policy that once required broadcasters to air opposing viewpoints on controversial issues.

    Republican Sen. Jim DeMint’s amendment passed by a wide margin of 87-to-11. The South Carolina senator had attached his proposal, called the Broadcaster Freedom Act, to a bill to give the District of Columbia a voting representative in the House.

    It’s unclear whether the amendment will survive as Congress debates the voting rights bill. But the measure served to effectively put the Senate on record as opposing a revival of the Fairness Doctrine.

    However, Democratic Sen. Dick Durbin also won approval for an alternate amendment that would order the Federal Communications Commission to encourage radio ownership “diversity.”

    A DeMint aide said Durbin’s measure will “impose the Fairness Doctrine through the back door by trying to break up radio ownership.”

    http://www.foxnews.com/politics/2009/02/26/demint-tries-prevent-fairness-doctrine-revival/

  12. calli Says:

    Hey Rosetta,
    Sometimes I feel as if Obama has the title but Nancy Pelosi is running the country!!
    I have a cute joke someone pulled on me once!! They ask me if I knew what the first sign of crazy was!!! I said no!! They told me it was hair on the knuckles !! Of course I looked and they ask me if I knew what the second sign was and it was looking for them, meaning the hair on the knuckes!! LOL!! You should try pulling that on someone!!! You can have fun with that!!!

  13. LadyTexan Says:

    Here come the brown shirts:

    Chris Dodd Introduces Public National Service Bills

    Sen. Chris Dodd, (D-CT) has introduced four bills aimed at establishing a groundwork for a system of comprehensive national service. Dodd says that the legislation will “create the architecture and the structure that will serve as the invitation for everyone to serve.” Are you ready for your “invitation”?

    read the rest at:

    http://rightsoup.com/chris-dodd-introduces-public-national-service-bills/

  14. j.b. Says:

    susiezen Says:

    February 26, 2009 at 9:47 am
    …….. especially when Hudson came running out of the living room last night holding a turd in his hand yelling “ca ca” at the top of his lungs, then hurling it smacking my springer spaniel isabel squarely in the face….

    LMAO.

    *luv my springer mix mutt*

  15. JAC Says:

    If what I heard is true, instead of the UN things being signed as treaties that would require 2/3 vote it the senate they would sign them as statutes…..
    If that happens there is not much of a way to stop them and they sure don’t want to be stopped…

    I see all the different things that are being done while every one is worried about the economy, We need to keep the heads up on everything that is going on in DC.

  16. JAC Says:

    Please join this effort & boycott Hershey products if you agree. They are moving to Mexico for cheaper labor & laying off 300 or so employees here.

    Lets stand up to the Hershey’s Corporation, stop buying there products, use other candy and baking products that are made here by our citizens. Lets stop supporting Mexico’s economy, and do what ever it takes to keep American Jobs in America.

    Pennsylvania Peppermint Patty Plant Closes as Production Moves Across
    Border; 300 Workers in Reading, PA are Latest Victims of NAFTA Race to
    the Bottom

    Today, Teamsters General President Jim Hoffa denounced the Hershey
    Food Corporation’s (NYSE: HSY) closing of its plant in Reading,
    Pennsylvania, leaving nearly 300 workers out in the cold. Hershey’s
    plan to move the jobs to a Monterey, Mexico plant shows how unfair
    trade deals like NAFTA continue to harm American workers.

    The plant’s closing continues a disturbing trend for a city that has
    already lost more than one-fourth of its good-paying manufacturing
    jobs since January 2001. Of the workers
    ___________
    Damn, I love Hersey bars with almonds

  17. LadyTexan Says:

    This is an update on the article I posted on the last thread from Canada Free Press.

    Big Brother Obama Supporters On the Internet Are Watching You

    http://canadafreepress.com/index.php/article/8835

    I haven’t had time to go read all the links, but I just found this comment on TD blog, from someone who has been checking them out.

    ******************

    on February 26, 2009 at 4:27 pm |

    Reply Bridgette
    OMG!!!! There are links to two sites and YES people are listing others..l.. including their parents!!! THIS IS SICK!!!

    **************
    The Obama Youth Brigade — The Mandatory Obama Youth Paramilitary Service Program. Be Part of It!

    For the youth today it is hard to understand parents who don’t support Obama. This is common for many of the young people of this generation, just as the youth back during the civil rights era had parents who just didn’t understand the racism like they saw it. Many of you are struggling with the fact that your parents just don’t get it. They don’t feel the same about Obama the way that you do. They still cling to their old ways of guns and bibles and greedy capitalism. You know better. You know that Obama, and the Democratic marjority, can run things better than those greedy corporations. You know that the best way to run an industry is to nationalize that industry.

    That is why this thread has been created. For you, the future of our nation, to let us know who your parents are. Tell us the names of those who do not support Obama the way that you do. Let us know if your parents own guns, or wish ill will toward the government. Let us know before it is too late for you and too late for your country.

    It is the patriotic thing to do. Let the government take care of this problem for you.

    List your parents name here. AND THEY ARE LISTING NAMES!!!

    Things are going to change I can feel it.

    ***************

    Report Anti-Obama Sentiment By Your Coworkers and Peers Here
    Anyone overheard doubting President Obama should be immediately reported to local officials. Make the jobs of local officials easier by posting any dissent you may have overheard in the elevator from one of your coworkers, while drinking a beer at the local sports bar, or by strangers buying groceries at the grocery store, or reading Conservative books and other racist publications at the library.

    Remember to jot down as much information as possible about them. Height, weight, hair color, eye color, etc. Try to sneak a photograph of them with your cell phone, but be careful and don’t let them see you.

    License plate numbers, social security information, FEMA records, criminal background checks: post it all here.

    Remember, in the great words of President Obama: “Ask not what your country can do for you, ask what you can do for your country!”

    Thank you!

  18. j.b. Says:

    That has to be a joke. Right?

  19. JAC Says:

    put on heavy duct tape to keep your head from exploding…. but go here and read in this pro obama forum…. knowledge is power

    http://www.theobamaforum.com/forumdisplay.php?s=f8d3dc9b66d3bac4ebfed58d60f7f555&f=40

  20. JAC Says:

    oh here is to the main page sorry

    http://www.theobamaforum.com/

  21. calli Says:

    Lady Texan is this really true? It wouldn’t susprise me at all!! Remember what farakan said about the messiah and the youth!!!

  22. jc Says:

    Hillary grants eminent domain to China for US Debts.

    What? This cannot be true. It this part of any of those secret plans?

    http://restoretheconstitutionalrepublic.com/forum/index.php?PHPSESSID=2ivjr6tdgrvo0j64320abu0rl0&topic=3017.msg14125;topicseen#new

  23. LadyTexan Says:

    calli,

    Honestly, I haven’t spent much time looking at it. However, I read that another blogger thought it might be bogus, so she signed up and was given authorization to post on it.

    What I don’t know, is if it’s actually affiliated with Obama. But I don’t really think it matters if it’s officailly tied to him or not. It’s purely disgusting that it’s out there at all.

  24. jc Says:

    Forget that last post. The guy who posted it got it from Hal Turners site and I do not believe any of his crap.

  25. LadyTexan Says:

    JAC,

    That’s the forum that CFR linked to. But you probably already knew that.

  26. ddlew2 Says:

    http://theobamaforum.com/index.php

    ATTACK!! SICK’EM!

  27. JAC Says:

    ladyTex
    yep.. I knew that…..gives you a look into the mind of the crazy ones…

  28. JAC Says:

    I was looking through my family tree today…. I have 9 ancestors that were first named America

  29. sliderblaze Says:

    finally listening to BERG on Savage, great interview, we need to get Orly on there as well. Savage is fired up, apparently cnn commented on Shelby’s comments about not seeing a BC and that fired up Savage. Great interview, keep um coming.

    am i slow on this issue

  30. hockeyfan530 Says:

    slider,
    I just listened to savage too. Good interview. I wish berg would have talked more about the indonesian citizenship though. He didn’t mention that barry never had a US passport. And that he travelled to Pakistan. But other than that good to get more people searching. Also, I think Obama Crimes is a pretty poor web site for people trying to research the issue.

  31. hockeyfan530 Says:

    oh, yeah, some cnn clown was saying how dangerous it was for shelby to say he never saw the bc. He said look how easy this is. My assistant did a web search and got the bc from the LA times.

  32. hockeyfan530 Says:

    and he held it up for the camera

  33. rosettasister Says:

    New Thread:

    https://rosettasister.wordpress.com/2009/02/27/the-story-of-arachne-and-athena/

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