[CTRL] Fwd: [cia-drugs] UK Paper Says Pressure Grows On G7 To Agree to U.S. Dollar Devaluation

[Kris Millegan]

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-Caveat Lector- so, they are going to depreciate the dollar by 20% while simultaneously asking oil producers to DECREASE prices (which must be denominated in dollars.)  "please charge us fewer dollars for your oil, even though they are worth 20% less."  -vig   Recent data have shown the U.S. current account and trade deficits running at record levels, and economists have said a dollar depreciation is needed to rein these in.   http://www.amtddj.inlumen.com/bin/djstory?StoryId=Cqvy:WaebqLqWmde2mtG UK Paper Says Pressure Grows On G7 To Agree to U.S. Dollar Devaluation By Neal Keane Dow Jones Newswires Sunday, September 26, 2004 LONDON -- U.S. President George Bush is being urged to signal a dollar devaluation of up to 20 percent to rebalance the global economy ahead of Friday's Group of Seven and International Monetary Fund meetings in Washington, the U.K.'s The Business newspaper reported. Senior U.S. administration officials in Washington have over the past few days tried to influence the White House and U.S. Treasury to put pressure on the G7 to agree to a dollar depreciation in its final statement, the newspaper said. Recent data have shown the U.S. current account and trade deficits running at record levels, and economists have said a dollar depreciation is needed to rein these in. The euro was quoted at $1.2260 in late New York trade Friday, compared with $1.2273 on Thursday. The dollar was fetching 110.64 yen versus 110.63 yen, and 1.2624 Swiss francs versus 1.2598. The pound was trading at $1.8041, up from $1.7982. The G7 will also call on the world's oil producers to take further action to bring down prices, The Sunday Times reported. Crude oil reached almost $49 a barrel in New York Friday, amid continued concerns that high energy costs will sap global growth. Spurring economic growth will be high on the agenda at the meetings of G7 finance ministers and central bankers next week, U.S. Treasury Secretary John Snow said Friday. "The promotion of economic freedom, opportunity and growth throughout the world will be a key topic," he said in a statement in New York City. G7 officials meeting in Washington next week will be representing Canada, Italy, France, Germany, Japan, the U.K. and the U.S. Officials from China will also be present. Please let us stay on topic and be civil.-Home Page- www.cia-drugs.org OM Yahoo! Groups Sponsor ADVERTISEMENT Yahoo! Groups Links To visit your group on the web, go to: http://groups.yahoo.com/group/cia-drugs/   To unsubscribe from this group, send an email to: [EMAIL PROTECTED]   Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://www.mail-archive.com/[EMAIL PROTECTED]/ <A HREF="">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om

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