CCS wrote:
> But there were a few serious misconceptions. The worst of these was
> the idea that a fiat currency by virtue of being imposed over a larger
> area is somehow an improvement. Another is that the EU has anything
> to do with free trade: rather it is regulation (ie unfreedom) of trade
> more comprehensively over a larger area. Both of these are steps
> backward.
>
A Noo Yawlk lurker Compelled to post:
Why has Denmark Recently quit using EUROs?
When the euro was launched on January 4, 1999,
it traded at a healthy 1.18 to the U.S.
dollar. Some thought that the euro would replace
the dollar as the world's medium of
exchange and international financiers liked the
notion of an dollar alternative.
But the euro has steadily declined, losing more
than 25 percent of its value, dropping to
only 85 cents in September 2000. On September
22, the United States Federal Reserve
joined European central banks to stop further
decline by buying euros.
It is not revealed how much money was poured
into this intervention, but estimates are
$10 billion. American Federal Citizens as well
as members of the US Congress were not
permitted to vote on using Federal money to stop
the hemorrhaging in the euro's value,
any more than U.S. Federal Citizens were
permitted to have any say about any other
series of costly Third World bailouts.
A global or even a regional currency, controlled
by unaccountable bureaucrats in a
foreign country, severely diminishes democratic
self government. It disfranchises voters
from control not only over their currency but
also over all related economic policies so
that important decisions can be made outside of
national elections.
A major legacy of the United States Clinton
Administration, working in tandem with the
multinationals, is the ceding of bits and pieces
of control over our US economy to
bureaucracies in Brussels, Geneva, the Hague,
Mexico City and Beijing. The worst is yet
to come, with the World Trade Organization now
impudently demanding that we change
a certain tax law and the new president of
Mexico, Vicente Fox, calling for integrating
his floundering economy with ours.
Under the rule of NAFTA, GATT, WTO and PNTR
(Permanent Normal Trade Relations with
China), American democracy is diminished. While
England appears to be waking up to
Margaret Thatcher's wisdom in defending the
importance of national sovereignty, will
the United States learn this lesson in time?
Will the US dollar be less dominating in the
future?
Kind regards
Mark S. Ohberg
----------------------------------------------------------------------------
This was my 2 cents worth, if you felt it was worth $.02 then click
here: http://www.two-cents-worth.com/?107245
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Make Your Site SELL! http://myss.sitesell.com/comm-spec.html
Make Your Knowledge SELL! http://myks.sitesell.com/comm-spec.html
Make Your Price Sell! http://myps.sitesell.com/comm-spec.html
Make Your Words Sell! http://myws.sitesell.com/comm-spec.html
Site Build It! http://buildit.sitesell.com/comm-spec.html
> >
Your Sole Site For Mortgage Abundance:
http://ABUNDANCE.financialcircuit.com
---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]
