oldschool CxC

Wednesday, August 23, 2006

911 Cover up, a 1:21 google video with a funky beat

Cal prof on oil & $
End of Dollar Hegemony

A Peak Behind the Curtain Jeff Vail on m3/euro/oil stuff.


In short, M0 is the value of all US currency that exists in actual bank notes and coins. M1 is M0+checking accounts. M2 is M1+money market accounts and CD's under $100k. M3 is M2+all larger holdings in the dollar (Eurodollar reserves, larger instruments and most non-European nations' reserve holdings). The key point here is that which will be lost when the Fed stops reporting M3, but continues to report M2 and M1: we will lose transparency on the value of reserve holdings in dollars by other nations and major financial institutions.

And, of course, the timing of the discontinuation of M3 data just happens to coincide with the opening of Iran's euro-denominated oil bourse. . .

So what will happen when Iran opens its bourse? They won't just sell Iranian oil (although that alone is a sizeable chunk of world production, roughly 4 million barrels per day, or about 5% of global production). Instead, they will create an entirely alternate derivative market to the exclusively dollar-denominated sale of oil derivatives at the International Petroleum Exchange (London) and the New York Mercantile Exchange.

3 Comments:

Blogger Erik said...

I know you're just posting a video without comment, AD, but please tell me you aren't in the "9/11 was a US/Israeli conspiracy" camp. Please?

9:24 AM  
Blogger A. said...

ok, I'm not. I was just kind of impressed with the production values of that thing. What camp are you in? maybe i'll rant about all the frightening coincidences later, and sure they are prolly all only that, but yeah, I'll never claim to have any inkling what all really went down.

that graphic novel format comis report is pretty cool, and was the first time I heard the fireball down the elevator shaft explanation.

2:55 PM  
Blogger REkz said...

9/11 was a US conspiracy. Not only the Israelis, but other international spy organizations reported having that info and trying to communicate it to the US w/no success.

The best part is the conspiracy was barely hidden: Bush Sr is in with Saudis, the terrorists were mostly Saudi as was Bin Laden.

And why do they show Bush walking around hand in hand with the Saudi's all the time?

It's right there, right in your faces. But it's up to you if you'll open your eyes, or keep eating the lies.

1:19 AM  

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