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Can anyone explain the context of the US Federal Reserve move not to publish the M3 figures?
Does anyone think that the US will capitulate to the proposed Iranian Oil Bourse prior to (20th) March 2006? Or will other meaures be adopted by the US (military) to change the course of events?
Events in the background are continuing to happen involving upping the ante against Iran, and dealing with any nations/persons who challenges the US policy. (For instance, look at the recent news reports of the Indian Foreign Minister who recently expressed that he would vote in opposition to increased measures/sanctions against Iran re their Nuclear Issues. he gets accused (with no evidence as far as I am aware) of benefitting from the Iraq Oil-for-Food scandal!!
Monday 7th Nov. 2005
Former US Federal Reserve chief Paul Volcker named K. Natwar Singh and the Congress party as "non-contractual beneficiaries" of the $64 billion oil-for-food programme.
Quote:
US State Department spokesperson Adam Ereli said: "We will continue to work closely and in partnership with the [Indian] government on a broad agenda of bilateral issues and regional cooperation and we certainly look forward to continuing that."
He also rejected any conclusions being drawn from Indian news reports that [India] would refuse to any future sanctions against Iran.
"On Iran, I hadn't seen the remarks you talked about and I think, frankly, you know, the way forward on that issue is clear."
"The IAEA (International Atomic Energy Agency) issued, you know, a resolution on it. We all know what's needed and we'll work to accomplish that and meet again to review progress," Ereli said.
Some links have dissappeared on this story, but see: http://dnaindia.com/report.asp?N...asp?
NewsID=8915 &
http://in.rediff.com/news/2005/s.../sep/
09aziz.htm
This subject is the next big Thing......
All views appreciated.
'Had to read the entire speech to see if he had anything else to say about the last senior currency.
Well, the Brits were just too rigid, structurally not flexible and resilient like you-know-who.
But currency shifts of that sort are not likely any time soon he says.
We all hope and pray.
And Bernanke being so much younger will be in a better position (and shape) to do the backflips and sommersaults about which Greenspan can only gesticulate.
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