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Covert war of dollar against gold amidst overt war against terror

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[1] Ancient Indian Proverb http://www.ilhawaii.net/~stony/quotes.html
[2] Alan Greenspan, Ph.D, Gold and Economic Freedom by Dr. Alan Greenspan, 1966

[3] 'Did the US Treasury Manipulate the Gold Price Down' dated 1st August 2006 and a follow up article on 30th August titled 'The How and Why of Gold Price Manipulation' both by Greg Peel in FN Arena News; Commodities
[4] The Economist, 17th August 2006 'A spectre haunting India' explained this Mao-movement of terrorism as 'A primitive peasant rebellion based on an outmoded ideology is out of keeping with the modern India of soaring growth, Bollywood dreams and call-centres... it covered 170 of India's 602 districts... and one-quarter of Indian land-mass'
[5] 'The so-called "free trade" bottom line: Poor countries producing commodities cannot possibly compete against rich countries producing credit money. Yet they are being forced to do so.
Meanwhile, during the past 30 years the US has bombed or attacked Syria, Lebanon, Nicaragua, Sudan, Korea, Vietnam, Cambodia, Laos, Iraq, Guatemala, Japan, East Timor, Nicaragua, El Salvador, Colombia, Dominican Republic, Somalia, Haiti, Yugoslavia, and Panama. The common denominator of these nations is that they are all non-members of the World Trade Organization. Since the invention of the WTO only Japan has joined willingly; the South American countries have been "persuaded" by friends of the system.' From 'Money', Library of Halexandria, http://www.halexandria.org/dward299.htm And how much unsustainable this whole economy is understandable when agriculture in rich countries with all modern amenities is economically not feasible against agriculture in poor countries using age-old technology and labour. Rich countries (US & EU) continue providing substantial subsidy in farm products which was one contention of developing nations in the recently concluded Geneva round of WTO where discussions finally broke down.

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©Ranjit Goswami. Ranjit is a Research Scholar with Indian Institute of Technology, Kharagpur, India; and is the author of the book 'Wondering Man & The Internet'.

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The value of Gold by PrMaine on Friday, Sep 8, 2006 at 7:22:54 PM