Comments on: False bottom suitcases and $134 billion http://www.deeshaa.org/2009/06/21/false-bottom-suitcases-and-134-billion/ Mon, 13 Feb 2012 05:41:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: alokjain http://www.deeshaa.org/2009/06/21/false-bottom-suitcases-and-134-billion/comment-page-1/#comment-143659 alokjain Tue, 23 Jun 2009 04:04:15 +0000 http://www.deeshaa.org/?p=2605#comment-143659 Hi Atanu... I recently watched the movie Zeitgeist. It claims that FED is a private entity controlled by few peoples and government has no control over it. They lend money to government. Also there is no law in American constitution which make mandatory for every person to pay tax. Is it true?... if it is then whole process of printing money and distributing to ppl would be benefiting few peoples in this world since money comes with attached debt with it.... Alok Jain Hi Atanu…
I recently watched the movie Zeitgeist. It claims that FED is a private entity controlled by few peoples and government has no control over it. They lend money to government. Also there is no law in American constitution which make mandatory for every person to pay tax. Is it true?… if it is then whole process of printing money and distributing to ppl would be benefiting few peoples in this world since money comes with attached debt with it….

Alok Jain

]]> By: ghost_writer http://www.deeshaa.org/2009/06/21/false-bottom-suitcases-and-134-billion/comment-page-1/#comment-143595 ghost_writer Sun, 21 Jun 2009 17:27:01 +0000 http://www.deeshaa.org/?p=2605#comment-143595 One of the reasons that I - a free-market, free-trade Hayek libertarian - am sceptical of the current trade configuration is exactly this. what is the real status of the only internaltional reserve currency in the world i.e. the US dollar? (that and the obscene agri-subsidies in the west). The only thing working for the dollar is the TINA factor (There is no alternative) Incidentally, this has become subject to a huge anti-semitic whisper campaign in China; culminating in a book called <a href="http://www.theaustralian.news.com.au/story/0,,22487560-36375,00.html?from=public_rss" rel="nofollow">Currency Wars </a>. Our own autarkists - i.e. the Swadeshi Jagran Manch are happy to beleive it. I spoke to an SJM-type who is a complete convert. This worried me - I dont want Jew-hatred to be part of any type of modern indian movement. I hope the Fed and Treasury can get it right, but I am very sceptical of the value of the mighty USD One of the reasons that I – a free-market, free-trade Hayek libertarian – am sceptical of the current trade configuration is exactly this. what is the real status of the only internaltional reserve currency in the world i.e. the US dollar? (that and the obscene agri-subsidies in the west). The only thing working for the dollar is the TINA factor (There is no alternative)
Incidentally, this has become subject to a huge anti-semitic whisper campaign in China; culminating in a book called Currency Wars . Our own autarkists – i.e. the Swadeshi Jagran Manch are happy to beleive it. I spoke to an SJM-type who is a complete convert. This worried me – I dont want Jew-hatred to be part of any type of modern indian movement.
I hope the Fed and Treasury can get it right, but I am very sceptical of the value of the mighty USD

]]> By: sundaraz http://www.deeshaa.org/2009/06/21/false-bottom-suitcases-and-134-billion/comment-page-1/#comment-143594 sundaraz Sun, 21 Jun 2009 16:27:41 +0000 http://www.deeshaa.org/?p=2605#comment-143594 I remember Greenspan talking about how the Japanese purchase of $150 billion and abruptly stopping it had smaller impact on the dollar exchange rate and other dollar denominated goods. "The depth of these markets became readily apparent in March 2004, when Japanese monetary authorities abruptly ceased intervention in support of the U.S. dollar after accumulating more than $150 billion of foreign exchange in the preceding three months. Beyond a few days of gyrations following the halt in purchases, nothing of lasting significance appears to have happened. Even the then seemingly massive Japanese purchases of foreign exchange barely budged the prices of the vast global pool of tradable securities." http://www.opinionjournal.com/editorial/feature.html?id=110010981 I remember Greenspan talking about how the Japanese purchase of $150 billion and abruptly stopping it had smaller impact on the dollar exchange rate and other dollar denominated goods.

“The depth of these markets became readily apparent in March 2004, when Japanese monetary authorities abruptly ceased intervention in support of the U.S. dollar after accumulating more than $150 billion of foreign exchange in the preceding three months. Beyond a few days of gyrations following the halt in purchases, nothing of lasting significance appears to have happened. Even the then seemingly massive Japanese purchases of foreign exchange barely budged the prices of the vast global pool of tradable securities.”

http://www.opinionjournal.com/editorial/feature.html?id=110010981

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