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Justice

Israel Want Us Foreign Aid To Be Paid In Euros

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Even the Israelis want out of the dollar. On Sept. 21, The Israeli government asked that U.S. foreign aid be paid in euros, not dollars.

On Sept. 21, Israeli foreign minister Tzipi Livni asked Secretary Rice for U.S. foreign aid to be paid in euros, not dollars. “In the spirit of Yom Kippur,” Secretary Rice responded at the time, “the United States will not hold Israel to any agreements obligating them to accept dollars as payment for their foreign aid. We need to place our Israeli obligations at the top of our national priority list. Israel should not suffer any inconvenience due to currency fluctuations.”

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Sadam and Iran wanted out of the fiat currency and they get bombed and yet it's OK for Israel to want payment in the up and coming euro.

If China jumps out of the $ then it's going to be a full scale meltdown IMHO

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Amazing, the state of Isreal would collapse without the full financial and military support of the USA, talk about biting the hand that feeds you. Or is the tail wagging the dog, ie Isreal dictates to the US? as some would suggest.

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Amazing, the state of Isreal would collapse without the full financial and military support of the USA, talk about biting the hand that feeds you. Or is the tail wagging the dog, ie Isreal dictates to the US? as some would suggest.

Some say that the UK controls the FED but i don't buy it as in the BoE but more international bankers within europe.

See how Bush grandad helped finance hittler !

i've kept well away from the $ since i lost a couple of quid in about 2001 and have now more then replaced the loss many times over by jumping into the euro.

All this (including the picture) is just totally unreal.

Are you saying it's not true ? fine if you are as then we can fight it out and see if anything else pops up along the way

Edited by Justice

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rice.jpg

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Sadam and Iran wanted out of the fiat currency and they get bombed and yet it's OK for Israel to want payment in the up and coming euro.

If China jumps out of the $ then it's going to be a full scale meltdown IMHO

This is a HOAX

From your link:

“I really like The 5 with its thought-provoking insights and witty comments,” writes a reader. “I generally agree with your analysis, despite your hyperbole. However, I am disturbed by your inclusion of the ‘aid in euros’ story. It tarnishes your credibility as a reliable source for economical/financial information.

“It seems obvious to a sensible person that such request is not reasonable and the response ridiculous. It appears that you did not validate its truth. Several other blogs have since picked it up, missing the ‘satire’ and ‘gotcha’ tags. Of course, in today’s world, it’s damned hard to tell satire from the awful truth sometimes. Having said the above, I still love your publications and musings.”

“Oh my, unless I am mistaken,” responds another “the source article quoted in The 5, Oct. 12, 2007, regarding Israeli request that U.S. foreign aid be paid in euros is satire.

“If your readers knew the actual source, I suspect some might be upset to learn you are reading such ‘anti-Semitic’ Web sites. I’m glad you are open-minded, despite the unpopularity of such a position. Love The 5.”

“Greetings from Singapore,” writes a third, “I love The 5, but you caused me a red face today when I talked about your ‘Israeli euro’ story in the Friday edition.

“I suppose that I should have tracked back the source, and the fact that it came from a Web site called wakeupfromyourslumber.com should have alerted me. Or I could have paged down to see the large, flashing red SATIRE strap on the bottom of the page…

“Of course, the best satire is that which sounds like it should be true; I prophesy that this story will develop legs and soon become a new urban myth. This cat is out of the bag, this horse has bolted. I bet you can’t reel it back in.”

The 5 Responds:

My 4-year-old comes down from his bedroom in the morning several times a week forgetting to wear his underpants. When standing in front of his parents, his only concern is whether or not he’s cold. He’s not ashamed of being naked.

We’re feeling a bit like him this morning. Our aim, especially on Fridays, is to amuse you by pointing out the many absurdities of the global economy, politics, the markets. This past Friday, we got a bit ahead of ourselves. We thought there was something fishy about the Israel/dollar foreign aid story. And that should have given us pause. But we hit “send” before we reached the flashing red SATIRE emblazoned on the originating site.

Still, our efforts remain pure. We want to provide you with accurate information, in a timely manner, with a little humor and a lot of judgment. Above all, we strive to connect the news you read with opportunities to improve your life through successful investing or otherwise. If we sometimes forget to wear our underpants, we cannot be ashamed. But must simply admit our mistake, hope that it’s not too cold… and head back upstairs to don the appropriate attire.

As for anti-Semitism… we won’t speak for other Web sites, but will maintain there is a difference between questioning U.S. foreign policy — even the U.S.’s support for Israel –- and being anti-Semitic. We hope you’ll at least grant us that much.

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Are you saying it's not true ? fine if you are as then we can fight it out and see if anything else pops up along the way

Should have said 'surreal', I suppose. Can't verify these kind of statements myself, though.

Edited by Goldfinger

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ebear

we are in a forum so if i say that princess Di is still alive does it make it true ?

Dig deeper and i don't think you will find it's a hoax but if you do then please let us all know.

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Amazing, the state of Isreal would collapse without the full financial and military support of the USA, talk about biting the hand that feeds you. Or is the tail wagging the dog, ie Isreal dictates to the US? as some would suggest.

It has always been the case.

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holly $hit

i was doing a bit of research to find out if this was indeed a hoax and came across a link where the guy is trying to defend the $USD and says it's not being dumped but then he goes on to blow it all by saying

But much of that shift is a result of an appreciation in the euro holdings of these central banks and the depreciation of the dollar. Certainly, the Federal Reserve's more recent balance sheet of Treasury and agency bonds doesn't show a big shift out of dollars. Foreign central banks held $1.995 trillion of this paper at the end of September, up from $1.673 trillion in September 2006.

Please help me out here guys but whats $1.995 trillion divided by the earths population as my calculator does not have that many digits.

This link comes from MSN money and not some conspriacy site so it may not be a hoaxs

The derivatives market is reported to be worth $600tr.

trouble is i keep coming across stuff like this and looking at my food reserves and keep thinging it's too small and if a buy anymore i'll starting running out of space without making the house look a mess.

Edited by Justice

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$325 per head.

You did it as 1 point 995tr but you do have a good point

i take it to be a mis type and did it as $1995tr as $1.995 is much too small as i know the derivatives market comes in at $600tr and you can see here that i don't have the decimal point in the wrong place.

I'm off to see if i got it wrong with the other decimal point and will report back soon

Found this link

WORLDWIDE RESERVE TOTALS

-- Global foreign exchange reserves rose $264 billion, or 5.2percent, to $5.3 trillion in the first quarter of 2007,International Monetary Fund data showed. The rate ofincrease slowed slightly from 6 percent in the last quarter

Still not a huge amout but i'll look again and then admit defeat if i need to

Edited by Justice

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You did it as 1 point 995tr but you do have a good point

i take it to be a mis type and did it as $1995tr as $1.995 is much too small as i know the derivatives market comes in at $600tr and you can see here that i don't have the decimal point in the wrong place.

I'm off to see if i got it wrong with the other decimal point and will report back soon

Foreign central banks hold about 2 trillion dollars, probably a bit more.

Total size of derivitives market- 600 trillion dollars.

2 trillion is a ridiculous amount of money. 600 trillion is 300 times more ridiculous.

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Foreign central banks hold about 2 trillion dollars, probably a bit more.

Total size of derivitives market- 600 trillion dollars.

2 trillion is a ridiculous amount of money. 600 trillion is 300 times more ridiculous.

See above edited post

$5.2 is the best i can find just now but i still say that the derivatives market is close to the $600tr mark

To begin with, the addiction is too huge. The "value" of the creative financial paper circulating the globe is calculated, as close as one of our "experts" can reasonably count it, to be US$480 trillion. The Bank for International Settlements puts its count at $600 trillion. In fact, we do not know what the precise sum may be, but we do know that it is so mind-boggling that it seems to lie outside all reality.

You think thats mad then how does $2200tr grab you

But these figures – about $14 trillion are a small fraction of the real amount of USD assets. To really get an idea of this figure, we need to include the total value of the US stock market. Total value of the US mutual fund industry. Total value of USD denominated insurance outstanding. Total value of much of the commodities valued and the commodities exchanges and commodities trade.

I’m just broad brushing this. Also include the total value of USD loans outstanding in Real Estate if you really want to boost the calculation. Also include the total amount of USD treasury bonds. Also include the total amount of USD denominated derivatives!

General stab at listing the above:

USD real estate loans : $50 trillion

USD bond universe: $50 trillion (wild guess)

USD derivatives of every type: $300 trillion

USD valued/contracted commodities outstanding $50 trillion

USD financial instrument universe outstanding $100 trillion

USD financial obligations of the US Federal government $50 trillion

Now, this is all very broad brush and rough. But this all comes to a cool $600 trillion.

I guess I have missed about half of everything because this listing would really be about 5000 pages. I just picked some of the big items. SO let’s double this figure:

$1200 trillion of USD denominated and irreversibly connected world assets and money.

All this linkage was created mostly since Breton Woods in 1944 which was created to keep cash from draining/rushing out of Europe in World War 2.

Now I want to do another modification. These values are all only the static value of these amounts. To really get an idea of what wealth would be lost to the world if the USD totally collapses, we need to include something like a capitalization for the lost yield on these assets while the world figured out how to replace the USD with some other system.

If I capitalize $1200 trillion dollars at a very conservative 5%, for say a very conservative 10 years merely to try to get back to where we were just before the USD collapsed, we have to include another 50% on top of that figure, and I am not even amortizing.

SO add at least another $600 trillion.

Now, finally, we need to look at the incalculable value of what a real world reserve currency does for financial and manufacturing efficiencies. I would say that these efficiencies the world relies on for all its business and transacting would be at least 1/3 more of the total value of the whole thing. This is probably one of the more vague things I am including in this calculation. That component comes to:

Another $400 trillion.

Grand Total: $2200 trillion

I know it looks mad but figures of about $415tr are all over the place and i can find many links that like this one that suports my argument and hopefully you can understand why i may have got my decimal point wrong above.

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Sadam and Iran wanted out of the fiat currency and they get bombed and yet it's OK for Israel to want payment in the up and coming euro.

I'm not sure but I believe from the above that you may be racist. To compare Iran and Iraq with Israel in that way is pathetic.

Its just a way to insult Israel in a puerile fashion.

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Yes Justice is sorry it looks like the $USD held by foriegn goverments/banks is anywhere between $1.5tr and $5tr and not the absord figure of $1995tr i quoted but i still maintain the derivatives market is valued in the $100's or trillion dollars range.

I'm not sure but I believe from the above that you may be racist. To compare Iran and Iraq with Israel in that way is pathetic.

Its just a way to insult Israel in a puerile fashion.

As i'm sure you know i am very much against immigration but just to try and have a go you jump in even when i defend the middle east (Muslims) from being bombed by the USA you try and play the racist card which is so yesterday.

For the record i like Jewish people more than i like Muslims but i don't like what the zionists are doing and i sugest from your comments that you are very pro jewish so that makes you anti muslim so stop throwing stones when you are in a glass house.

I'm quite happy to take this up with you in the off topic section if you would like to start a thread but don't pull this thread off topic when it's related to the demise of the $USD.

Edited by Justice

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but don't pull this thread off topic

I have no control over what happens on this site, contrary to public ill-informed opinion.

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Guest d23
For the record i like jewish people more than i like Muslims but i don't like what the zionists are doing and i sugest from your comments that you are very pro jewish so that makes you anti muslim so stop throwing stones when you are in a glass house.

you like jewish people yet you've previously objected on this forum to them being allowed to join your preferred political party (the BNP)?

]hmmmm......

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i sugest from your comments that you are very pro jewish so that makes you anti muslim

B0llocks.

If I'm anti-wood, I must be pro-metal. FFS :lol: :angry:

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If I'm anti-wood, I must be pro-metal. FFS

You scream racist to me when i defend the Muslims so god knows what you think and unlike me you seem ashamed to say why you defend Israil attacking the Muslims so lets take it to off topic and you can tell me why.

you like jewish people yet you've previously objected on this forum to them being allowed to join your preferred political party (the BNP)?

]hmmmm......

Very true i did say that and don't agree with the BNP who have allowed a jewish person to join them but you will also note i did not say that Muslims should be allowed to join the BNP and my words were i liked Jewish people more than muslims but that did not mean i want them to flood the country.

Edited by Justice

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See above edited post

$5.2 is the best i can find just now but i still say that the derivatives market is close to the $600tr mark

When I used the word "ridiculous" I wasn't suggesting that your figures were ridiculously incorrect,

I'm just saying that the scale of the problem is enormous.

Indeed 5.2 trillion sounds more likely than 2 trillion and 600 trillion for the derivatives market ....

I feel a Rumsfeld moment coming on....the 2 or 5.2 trillion is real unreal money whereas the

money in the derivatives market is unreal, unreal money.Simple isn't it!

Btw, I'm old enough to remember when 1 trillion dollars was a lot of money!

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I feel a Rumsfeld moment coming on....the 2 or 5.2 trillion is real unreal money whereas the

money in the derivatives market is unreal, unreal money.Simple isn't it!

Yes i know you was not having a go

You say 'unreal money.Simple isn't it!'

i don't think you are questing the figure but if i understand you then you are saying that it's a bets on the future price of a share by two side that do not own the share using borrowed money to make a bet and therfor it's not real money ! is that what you are getting at.

it's all a game of i will buy your crap old ford escort for $1m if you buy my crap old VW for $1.001m and lets hope some P-R-I-C-K comes along and buys shares in our company using real money.

Still $415-600tr unwinding has still got to leave one hell of a dent if nothing else.

Edited by Justice

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You scream racist to me when i defend the Muslims so god knows what you think and unlike me you seem ashamed to say why you defend Israil attacking the Muslims so lets take it to off topic and you can tell me why.

Very true i did say that and don't agree with the BNP who have allowed a jewish person to join them but you will also note i did not say that Muslims should be allowed to join the BNP and my words were i liked Jewish people more than muslims but that did not mean i want them to flood the country.

Justice,

Do you think there is any danger of Jews flooding the UK? Currently there are maybe 250,000 out of a population of 60m and many are leaving for the US and Israel because of the perception of a hostile environment. Do you actually know any Jews? It seems a bit odd to say you like (or dislike them) if you never actually got to know any. It also assumes that all Jews are alike in every respect, socially, religiously, politically or whatever, which is really not my experience of any group.

At least you make clear what the BNP membership believes by saying Jews cannot join, unlike Griffin who twists and turns in denying that his is a racist party.

S.

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