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Info from “The Waterman Files” en Conspiracies

Weekly update for the Ground Crews Internationally.

V for Vaccines, Viruses And the Asian monetary

meeting by US officials

BACKGROUNDINFORMATION:

Liberty Dollar of Chambersburg Blog

Dollar Collapse Imminent–China and Japan React!

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Plea to reduce demand for dollar reserves

By Krishna Guha in Washington

Published: November 11 2009 20:55 | Last updated: November 11 2009 20:55

The world should try to mitigate flaws in the dollar based global monetary system by reducing demand for dollar reserves and exploring alternative reserve assets, a group of economists from the International Monetary Fund said on Wednesday.

The economists said the crisis had “brought to the fore” long-standing concerns about a system based on a single core currency issued by one country.

A billboard in New York’s Times Square features a $100 bill

Under pressure: a billboard in New York’s Times Square features a $100 bill

EDITOR’S CHOICE

Dollar weakens on China renminbi hints – Nov-12

Analysis: US – decline but no fall – Nov-11

Blog: Money Supply – Oct-07

In depth: Dollar crisis – Nov-11

In depth: Obama in Asia – Nov-12

Chinese $11.7bn bond issue planned – Nov-11

They said the dollar-based system “suffered inherent weaknesses”.

The US, at the centre of the system, was under pressure to run large current account deficits in order to supply the world with the dollar assets it wants, they said, while there was no effective discipline on either the US or countries such as China that have big external surpluses to adjust their policies.

The report was published by the authors in their individual capacity and not endorsed by the IMF as an institution. But it comes amid renewed global focus on and dissatisfaction with the role of the dollar in the world economic system, following the experience of a crisis at the core rather than the periphery of the world system.

The IMF economists said the crisis highlighted the “scale and volatility of global capital flows” that led countries to accumulate reserves to protect themselves against a sudden reversal in capital.

But it also renewed questions about “anchoring the international monetary system on one country’s currency [the dollar] given the origins of this crisis in the US heart of the global financial system”.

They said the current system was “something of a non-system” because some economies maintained floating exchange rates while others pegged their currencies to the dollar.

The IMF economists proposed creating better alternatives that would allow countries worried about volatile capital flows to stop building up reserves.

These would include helping to create private sector insurance-type markets to provide funds when they were needed, and an enhanced role for the IMF itself in providing reliable access to finance.

The IMF has already taken steps in this direction through the creation of a flexible credit line for well-run emerging economies. But the authors note that the fund’s resources would have to be greatly increased to enable it to act as a credible lender of last resort for large economies.

The economists said reducing demand for dollar reserves would be only part of the solution. They said the world would also have to examine alternatives to the dollar as the dominant reserve asset.

This could include a move to a system in which the dollar shared its leading role with a few other currencies such as the euro and possibly China’s renminbi. They also argued in favour of taking seriously the possibility that one day the the SDR, the IMF synthetic currency, might replace the dollar as the main reserve asset.

However, in order to do this they said issuers would have to create large-scale liquid markets denominated in SDRs. Moreover, they said moving to such as system would be much easier if countries with large dollar holdings could exchange these for SDRs in off- market transactions with the IMF.

The Rothschilds and the Bank of China cut a deal RIGHT BEFORE THE USA FEDERAL RESERVE BAILOUT

The deal expands Bank of China’s European ties just two months after it bought 30 percent of Swiss-based Heritage Fund Management SA in July for 60 million yuan (US$9 million).

Founded in 1953, LCFR is controlled by the Rothschild family, which has a 250-year history in European banking. LCFR says it has nearly 30 billion euros (US$45 billion) under management.

LCFR chairman Benjamin de Rothschild, quoted in the Bank of China statement, said: “This agreement opens up a new era of development for La Compagnie Financiere Edmond de Rothschild in the tradition of innovation and international expansion of our group.”

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HEALTH ISSUE

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SyInfect and SyImmune

it needs a doctors subscription

For orders inside Europe: there is

Pleo Quent and Pleo Citro

They supply all of Europe

Quentans Pleomorphic from Sanum

http://www.sanum.com/

SANUM-Kehlbeck GmbH & Co. KG

P.O. Box 1355, D – 27316 Hoya, Germany

Tel  +49 (0) 4251 9352-0 begin_of_the_skype_highlighting              +49 (0) 4251 9352-0      end_of_the_skype_highlighting

Fax +49 (0) 4251 9352-290

This is available in Canada.

Waterman: “Since Canadians have to have a practitioner get them the remedy just have the Canadians can contact me and I will take care of it for them” (see contactpage)

MATTERS COME TO AN EXPLOSIVE HEAD FOR EVERYONE

REPORT PREPARED LATE ON 10TH AND HELD OVER ‘ON ADVIC