The Kingdom of The Dollar (2)
Several years ago, I heard an old shoe shiner on the street of Tokyo saying, "Ah, I saw that; and Nagashima (a super baseball hero) was then a university student…"
The old shoe shiner looked greater than Mr. Shigeo Nagashima (a former, great boss of Hideki Matsui now of the New York Yankees) to me who must have looked like a cheap corporate employee in Tokyo.
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The day after Bear Stearns shareholders approved the firm’s sale to JPMorgan Chase, the clubby men’s salon frequented by the fallen masters of the universe was buzzing as usual…
One of the shoe shiners at John Allen's said he still has “a lot” of Bear clients, but lately the tips are smaller. He used to get $5 dollars a shine—the service costs $4 individually—and now he gets $2 or $3…
http://www.observer.com/2008/old-haunts-bear-stearns-employees-feel-fallout
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SECTION I：WEAK DOLLAR MAKES OIL PRICY
Without crude oil, all plastic products and chemical goods around you would disappear. No paintings, decorations, and illuminations on the street will be possible.
Every vehicle in the air, on the sea, or above the ground will be forced to halt, since there are no fuels without crude oil as resources.
Most of your clothes would also disappear, since this is still the civilization of oil, iron, and electricity.
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The weakening dollar also pushed up the price of commodities like oil and wheat, almost all of which are priced in dollars on global markets. When the dollar falls, commodity prices tend to rise, since the commodity must be repriced higher to maintain the same fundamental value. This makes commodities a useful hedge against the dollar, leading speculators and money managers to plow funds into the commodities market.
http://topics.nytimes.com/top/reference/timestopics/subjects/c/currency/dollar/index.html
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Keywords are “Weakening Dollar,” “Commodity Prices,” and “A Useful Hedge.”
And, hedge funds are now actually obliged to support the price level of New Stock Exchange, which must be the main indicator in computer software FRB staff are using and referring to every minute in office or at a ceratin salon.
SECTION II: THEORY OF FOREIGN EXCHANGE
Mr. Eisuke Sakakibara, who worked for Japan's Ministry of Finance for more than 20 years, most notably as vice minister of finance for international affairs, failed so often recently.
Mr. Sakakibara praised Mr. Lawrence Henry Summers so much in his book. Mr. Sakakibara changed his career to be an advisor for Lehman Brothers Japan, Inc. And, his prediction on an exchange rate of yen against the US dollar has never come true.
But, a nameless intellectual person in the Japanese society has been discussing economy and economics over the Internet very excellently, though elites might simply call such a person one of common people without any position in the governmental power structure.
According to this nameless pundit, an engineer who graduated from Tokyo Institute of Technology or a Japanese MIT, the theory of foreign exchange has changed as follows:
1) Theory developed in the era of the gold standard
2) Theory developed in the era driven by doll-based international trade
3) Theory introduced in the era when funds started to globally circulate
4) Theory corresponding to mega-scale investors globally moving money so rapidly
( http://www.randdmanagement.com/c_seiji/se_228.htm )
Each theory of the respective era is, of course, based on a unique paradigm of the era.
And now as Mr. Sakakibara has turned to be a flag-waving supporter for promotion of Japan-India economic cooperation, a new theory designed to embrace huge funds China and India are now accumulating might come onstage.
Nonetheless, it is the foreign-exchange market that judges the weakness of the dollar. And the market also consists of human mind and heart.
Any conspiracy theory on the Sept. 11 Terror can affect the foreign-exchange theory and its underlying paradigm, since it has a psychological influence on players there.
SECTION III: ANOTHER 9/11 CONSPIRACY STUDY
You may not simply agree to my opinion that the 9/11 Conspiracy Theory has contributed the declining value of the dollar. Then check it below.
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Is it a conspiracy or a coincidence? There is a long and tangled history between the Bush family and the elite of Saudi Arabia.
It begins in the 1970's in Houston, Texas, when George W. Bush was just starting out in his family's two businesses of politics and oil. The powerful - and very rich - Bin Laden family helped fund his first venture into oil.
The cozy friendship continued for decades. After a terrorist attack at a barracks in Saudi Arabia which killed 19 Americans, the bin Laden family received a multi-billion dollar contract to re-build. And incredibly, George Bush Sr. was in a business meeting at the Ritz Carlton Hotel in Washington on the morning of September 11th with one of Osama Bin Laden's brothers.
Below is a timeline that details the relationship between the Bin Laden and Bush families that culminates in the tragic events of September 11th…
1996
Summer
A meeting of prominent Saudis occurs in a Paris hotel. Among the attendees is the head of Saudi intelligence, Turki bin Faisal. They meet with a representative of al Qaeda and agree to extend the earlier arrangement made between the Saudi royal family and Osama bin Laden – whereby in return for cash, al Qaeda agrees not to attack inside Saudi Arabia.
The CIA produces an internal report that documents the numerous Saudi charities that are funding terrorists. Osama bin Laden's name is mentioned…
http://www.cbc.ca/fifth/conspiracytheories/saudi.html
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Now, Saudi Arabia is one of the Big Three, which includes Japan and China, underpinning the value of the US Dollar.
Accordingly, the potent AlQaeda-Saudi Arabia-the Bush Administration connection through money would psychologically force those concerned to get sick of the dollar dominance.
Since 2001, despite the shadow of the War on Terror so intensified, various US economic figures and indices, including sub-primed loan sales, have gone up exponentially.
But, in the darkness of market psychology, erosion must have been progressing, since one of the big dollar supporters, Saudi Arabia, looks like having extended financial facilities to enemies of America.
It can be one of decisive factors of a future catastrophe: the fall of the glory of the US Dollar.
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Anyway, you need a paradigm change: Great are commoners but not elites.
Respect a shoe shiner but not an elite who is preparing two or five dollars in his pocket for a truthfully horrible service in terms of the Gospel.
(Yes, when I was young, whenever I heard the sound, "Mr. Lonely," being played in a radio program called “Jet Stream” or so featuring night music, I felt like flying in a jet plane to New York. In that era, one US dollars was fixed at 360 yen. Now, we may be in a transit period: from 120 yen per dollar to 60 yen per dollar. What do you think, Mlles.?
http://www.fukuchan.ac/music/oldies/mrlonely.html )
Mat 25:24 Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:
Mat 25:25 And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
Mat 25:26 His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed:
Mat 25:27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.
Mat 25:28 Take therefore the talent from him, and give it unto him which hath ten talents.
Mat 25:29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.