Tuesday, October 02, 2007

Some see 'Currency Cold War' meant to bring U.S. to its knees

Diane Francis, a financial reporter for the National Post in Canada, says it plainly and boldly: "There is a Currency Cold War being waged by Russia, Iran and various allies such as Venezuela." The grand strategy being engineered by Vladimir Putin, she writes, is to force the use of euros as the international monetary standard as a transition...


Among the research findings that shocked him most was that the Fed is a privately owned and run bank.

"I just never imagined a central bank could be a private body."

Some, meanwhile, are standing on the sidelines cheering the currency wars ā€“ seeing them as a way of reducing the power and influence of the "imperialistic" U.S.

Rohini Hensman, who describes himself as "independent scholar, writer and activist based in India and Sri Lanka," says it's about time the U.S. got its comeuppance.

read more | digg story



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