John Loeffler Steel on Steel-What Transparency in Healthcare? Mid East Update!!! Global Education cont.

CLICK TO LISTEN

What Transparency in Healthcare?

healthcare promises are already failing even before the

Obamacare system gets started, and wait until the American

public sees all the new taxes starting in 2013.

One of the early healthcare casualties seems to be transparency in

medical pricing. Dr. Tamzin Rosenwasser, M.D., from the American

Association of Physicians and Surgeons (www.aapsonline.org) relates

how we are transferring serious problems from Medicare right into

the new healthcare system.

A small group of environmentalists are posing as evangelicals to

impose pantheism and social gospel precepts on evangelical churches

with biblical-sounding language. Paul Chesser is Executive

Director of the American Tradition Institute (www.atinstitute.org).

His articles appear in “The American Spectator” (www.spectator.com).

John does a Middle East update in the last part of the program,

followed by more of the conversation we began last week with Mitch

and Machelle Wright about the origins of global education.

Sunday, 19 April 2009

COVER: "GET READY FOR A WORLD CURRENCY" AND Dr Dennis Cuddy with John Loeffler New Words for a New World

COVER: "GET READY FOR A WORLD CURRENCY"

thanks to jc for article.

Title of article: Get Ready for the Phoenix Source:

Economist;

01/9/88, Vol. 306, pp 9-10

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates - a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

But in spite of all the trouble governments have in reaching and (harder still) sticking to international agreements about macroeconomic policy, the conviction is growing that exchange rates cannot be left to themselves. Remember that the Louvre accord and its predecessor, the Plaza agreement of September 1985, were emergency measures to deal with a crisis of currency instability. Between 1983 and 1985 the dollar rose by 34% against the currencies of America's trading partners; since then it has fallen by 42%. Such changes have skewed the pattern of international comparative advantage more drastically in four years than underlying economic forces might do in a whole generation.

In the past few days the world's main central banks, fearing another dollar collapse, have again jointly intervened in the currency markets

(see page 62).(Pg 62 is an advertisment, para 4 says pg 66 j's edit ) Market-loving ministers such as Britain's Mr. Nigel Lawson have been converted to the cause of exchange-rate stability. Japanese officials take seriously he idea of EMS-like schemes for the main industrial economies. Regardless of the Louvre's embarrassing failure, the conviction remains that something must be done about exchange rates.

Something will be, almost certainly in the course of 1988. And not long after the next currency agreement is signed it will go the same way as the last one. It will collapse. Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by a patch-up followed by emergency, stretching out far beyond

2018 - except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very tends that will make it mount are making the utopia of monetary union feasible.

The new world economy

The biggest change in the world economy since the early 1970's is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world's financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.

Alongside that trend is another - of ever-expanding opportunities for international trade. This too is the gift of advancing technology. Falling transport costs will make it easier for countries thousands of miles apart to compete in each others' markets. The law of one price (that a good should cost the same everywhere, once prices are converted into a single currency) will increasingly assert itself. Politicians permitting, national economies will follow their financial markets - becoming ever more open to the outside world. This will apply to labour as much as to goods, partly thorough migration but also through technology's ability to separate the worker form the point at which he delivers his labour. Indian computer operators will be processing New Yorkers' paychecks.

In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how .)

(This is incorrect, the hard copy says pg 70-71, see hard copy pdf attachment)

The absence of all currency risk would spur trade, investment and employment.

The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate - and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.

The alternative - to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Copyright of The Economist is the property of Economist Newspaper Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use.

WE'VE BEEN TELLING YOU THIS SINCE 2003, AT LEAST. TOLD YOU ALL SO! ONE DAY YOU'LL BELIEVE US! 04/11/2009 New Words for a New World click to listen also note interviews with Dr Dennis Cuddy and Harold Hoffman: scroll down right to Conversations to Remember Happy Passover or Easter, whichever applies. The world is passing through profound paradigm shifts rights now so we're planning to "hyperfocus" on just a couple of key items this weekend. First John produces an extended boralogue on the new emerging global economic system and a vocabulary emerging from the G20 summit, including "transnationalism" and "responsible sovereignty." What does it all mean? One of those G20 phrases is -- surprise surprise -- the time-tried "new world order." So does this mean all our politicians are now conspiracy theorists? Perhaps an examination of the 100-year history of that expression would be in order. We'll run clips from a Steel on Steel show from 14 years ago. Then historian Dr. Dennis Cuddy, author of "The New World Order and the Road to Socialism," returns to check on what the globalists are cooking up in the midst of the universal economic crisis.

Monday, 6 September 2010

THE POWER ELITE AND THE SECRET

NAZI PLAN

PART 19

By Dennis L. Cuddy, Ph.D.
September 6, 2010
NewsWithViews.com

In Part 18 of this series, I mentioned Louis Kilzer’s Hitler’s Traitor and Paul Manning’s Martin Borman: Nazi in Exile. A question has been raised about a contradiction between these two authors regarding what happened to Martin Bormann, and it is important to address this issue.

Manning presents evidence that Bormann escaped to South America and lived long after WWII. However, Kilzer argues that DNA evidence and dental records examined in 1998 confirmed Artur Axmann’s claim that Borman died near Weidenbammer Bridge in Germany sometime between 1:30 A.M. and 2:30 A.M. on May 2, 1945.

At first, Kilzer seems to have the better case, but the DNA evidence from skeletal remains unearthed by a construction crew near the bridge in 1972 was matched with that of a Bormann relative rather than DNA known to have come from Bormann himself. If Bormann was planning to escape, he could have had the dental records of a relative of similar height substituted for his own, and that person’s remains could have been uncovered in 1972. Or, since FBI files showed Bormann on August 4, 5, and 14, 1967 had written checks on demand accounts in several banks (see Part 13 of this series), perhaps Bormann died between 1967 and 1972 and his body was then secreted back to Germany to be “discovered” in 1972. Why did the construction crew just happen to unearth his skeletal remains in 1972 rather than earlier when Axmann made his original claim?

Although this theory would undermine Paul Manning’s assertion that Bormann was alive in South America at least until 1980, it would at least be consistent with the claimed dental records and DNA results. Further questioning Kilzer’s claim that Bormann died in 1945, if Bormann did die that year, then why did Gen. Reinhard Gehlen later say Bormann escaped to the U.S.S.R., and why was Paul Manning’s publisher’s legs broken as a result of publishing Manning’s book? In addition, why was Paul Manning’s son murdered as Manning in the early 1990s continued his research into Bormann’s South American activities?

Manning didn’t think much of Axmann’s claims regarding Bormann’s demise, nor did William Stevenson (mentioned earlier in this series) in The Bormann Brotherhood (1973). Stevenson noted that “a respected authority on Nazi Germany,” Hugh Trevor-Roper, commented about Axmann that “If he wished to protect Bormann his natural course would be to give false evidence of his death.” Stevenson also noted that at the time his book was published, Axmann “is not positive at all” that he saw Bormann’s corpse in May 1945. Stevenson wrote: “Now he [Axmann] recalled only that he passed two unconscious men in the dark of night among many dead and dying. He had since been told that Stumpfegger (whom he originally also said lay dead next to Bormann) broadcast from Russia. So he was not sure about anything…. He [Axmann] knew Bormann would head toward northwest Germany and the big U-boat pens near Flensburg…. He [Axmann] was far more useful as a decoy.”

Despite the questions raised concerning Kilzer’s claims about Bormann’s death, there is other revealing information in Kilzer’s book. For example, he claims that Gen. Franz Halder (head of the German General Staff 1938-1942) said that the mission of Rudolf Hess (Hitler’s closest friend who helped him write Mein Kampf and who also was deputy Fuhrer of the Third Reich) to Britain was part of Hitler’s grand strategy to make peace with the British after appearing to engage in full-scale war with them, so the Soviets would be surprised when Hitler suddenly attacked the U.S.S.R. in Operation Barbarossa. Then Kilzer wrote: “The British ‘double-crossed’ Hitler, and informed Moscow of the nature of Hess’s mission.”

Kilzer also revealed that Bormann (Hess’s deputy) was largely responsible for the Holocaust, changing a report before Hitler could see it about Jews being “liquidated” to say instead that 1.45 million Jews had been deported to the East and 1.27 million had been “processed through the camps.” And if Bormann was working with the Soviets, what does this say about the Soviet connection to the Holocaust?

Relevant to the secret Nazi plan, Stevenson in The Borman Brotherhood related the contents of a March 1945 report by the Research and Analysis branch of the OSS based on deciphered radio communications between Germany and secret stations in South America. The report revealed that “the Nazi regime in Germany has developed well-arranged plans for the perpetuation of Nazi doctrines after the War. Some of these plans have already been put into operation and others are ready to be launched on a widespread scale immediately upon termination of hostilities in Europe.” OSS analysist’s summary of the German post-war plans indicated that “Nazi party members, German industrialists and the German military, realizing that victory can no longer be attained, are now developing postwar commercial projects, endeavoring to renew and cement friendships in foreign commercial circles, and planning for renewals of pre-war cartel agreements. German technicians, cultural experts and undercover agents have well-laid plans to infiltrate into foreign countries with the object of developing economic, cultural and political ties. German technicians and scientific research experts will be made available at low cost to industrial firms and technical schools in foreign countries. German capital and plans for the construction of ultra-modern technical schools and research laboratories will be offered at extremely favorable terms since they will afford the Germans an excellent opportunity to design and perfect new weapons.”

In a modified version of the report in State Department and Foreign Office files, it indicates that a propaganda program “will be expanded and intensified with the object of giving rebirth to Nazi doctrines and furthering German ambitions for world domination. Unless these plans are checked they will present a constant menace to postwar peace and security.”

The above information seems as if it came from the same source as that of Sumner Welles in his earlier The Time for Decision (1944) revealing part of the secret Nazi plan implemented by agents of the German General Staff. It also seems clear that the source had to be a Nazi in a very high level position, such as Bormann, Himmler, or Gehlen. Because Allen Dulles was a key member of the OSS in WWII and he worked with SS member Paul Dickopf in Switzerland, I think the information regarding the secret Nazi plan probably came from SS head Heinrich Himmler via Allen Dulles. Evidence that Himmler was working with Dulles was perhaps kept in Himmler’s castle in a secret vault (mentioned earlier in this series) about which even the castle’s commandant was not aware. Remember that a secret American team seemed to have little trouble finding the vault near the war’s end!

Stevenson indicated that “Bormann’s most willing helpers, and the most ingenious, were clearly to be found in the SS…. The SS ran night clubs in foreign capitals. Their business enterprises were in parts of the world conveniently located for the more farsighted Nazis, those who were later wanted for war crimes. Their leaders were planning escape long before the end.”

Before the Power Elite (PE) establishes its ultimate goal of a techno-feudal World Socialist Government, there will be a major international economic crisis that will cause the nations of the world to accept a world currency. The currency will be called the “Phoenix” (rising from the global economic ashes) and will be adopted in 2018 A.D. (see “The Phoenix” on the cover ofThe Economist for January 9, 1988).

Currently, the IMF’s Special Drawing Rights (SDRs) are used as a type of international currency, but on September 11, 2009 (note the date September 11) the World Currency Unit (Wocu) was introduced as a derivative of the exchange rates of the world’s top twenty currencies as measured by Gross Domestic Product. A press release indicated the Wocu allows “corporations, financial institutions, governments and even individuals to trade across national boundaries and hold foreign assets with minimal risk of losses caused by exchange rate fluctuation.”

Click here for part -----> 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11,12, 13, 14, 15, 16, 17,18, 19,

The Wocu will be a transition currency until the planned global currency, (the “Phoenix” mentioned above), is introduced in 2018 A.D. This will be a necessary step by the PE before it can establish a techno-feudal (China and India are already this) World Socialist Government, which will be a synthesis of Western Capitalism and Eastern Communism. And the secret Nazi plan is an important part of this effort.

© 2010 Dennis Cuddy - All Rights Reserved

Click Here For Mass E-mailing

---

Dennis Laurence Cuddy, historian and political analyst, received a Ph.D. from the University of North Carolina at Chapel Hill (major in American History, minor in political science). Dr. Cuddy has taught at the university level, has been a political and economic risk analyst for an international consulting firm, and has been a Senior Associate with the U.S. Department of Education.

Cuddy has also testified before members of Congress on behalf of the U.S. Department of Justice. Dr. Cuddy has authored or edited twenty books and booklets, and has written hundreds of articles appearing in newspapers around the nation, including The Washington Post, Los Angeles Times and USA Today. He has been a guest on numerous radio talk shows in various parts of the country, such as ABC Radio in New York City, and he has also been a guest on the national television programs USA Today and CBS's Nightwatch.

E-Mail: Not Available

COVER: "GET READY FOR A WORLD CURRENCY"

thanks to jc for article.

Title of article: Get Ready for the Phoenix Source: Economist;

01/9/88, Vol. 306, pp 9-10

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates - a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

But in spite of all the trouble governments have in reaching and (harder still) sticking to international agreements about macroeconomic policy, the conviction is growing that exchange rates cannot be left to themselves. Remember that the Louvre accord and its predecessor, the Plaza agreement of September 1985, were emergency measures to deal with a crisis of currency instability. Between 1983 and 1985 the dollar rose by 34% against the currencies of America's trading partners; since then it has fallen by 42%. Such changes have skewed the pattern of international comparative advantage more drastically in four years than underlying economic forces might do in a whole generation.

In the past few days the world's main central banks, fearing another dollar collapse, have again jointly intervened in the currency markets

(see page 62).(Pg 62 is an advertisment, para 4 says pg 66 j's edit ) Market-loving ministers such as Britain's Mr. Nigel Lawson have been converted to the cause of exchange-rate stability. Japanese officials take seriously he idea of EMS-like schemes for the main industrial economies. Regardless of the Louvre's embarrassing failure, the conviction remains that something must be done about exchange rates.

Something will be, almost certainly in the course of 1988. And not long after the next currency agreement is signed it will go the same way as the last one. It will collapse. Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by a patch-up followed by emergency, stretching out far beyond

2018 - except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very tends that will make it mount are making the utopia of monetary union feasible.

The new world economy

The biggest change in the world economy since the early 1970's is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world's financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.

Alongside that trend is another - of ever-expanding opportunities for international trade. This too is the gift of advancing technology. Falling transport costs will make it easier for countries thousands of miles apart to compete in each others' markets. The law of one price (that a good should cost the same everywhere, once prices are converted into a single currency) will increasingly assert itself. Politicians permitting, national economies will follow their financial markets - becoming ever more open to the outside world. This will apply to labour as much as to goods, partly thorough migration but also through technology's ability to separate the worker form the point at which he delivers his labour. Indian computer operators will be processing New Yorkers' paychecks.

In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how .)

(This is incorrect, the hard copy says pg 70-71, see hard copy pdf attachment)

The absence of all currency risk would spur trade, investment and employment.

The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate - and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.

The alternative - to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Copyright of The Economist is the property of Economist Newspaper Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use.

h.hoffman's blog

WE'VE BEEN TELLING YOU THIS SINCE 2003, AT LEAST. TOLD YOU ALL SO! ONE DAY YOU'LL BELIEVE US! 04/11/2009 New Words for a New World click to listen also note interviews with Dr Dennis Cuddy and Harold Hoffman: scroll down right to Conversations to Remember Happy Passover or Easter, whichever applies. The world is passing through profound paradigm shifts rights now so we're planning to "hyperfocus" on just a couple of key items this weekend. First John produces an extended boralogue on the new emerging global economic system and a vocabulary emerging from the G20 summit, including "transnationalism" and "responsible sovereignty." What does it all mean? One of those G20 phrases is -- surprise surprise -- the time-tried "new world order." So does this mean all our politicians are now conspiracy theorists? Perhaps an examination of the 100-year history of that expression would be in order. We'll run clips from a Steel on Steel show from 14 years ago. Then historian Dr. Dennis Cuddy, author of "The New World Order and the Road to Socialism," returns to check on what the globalists are cooking up in the midst of the universal economic crisis.

Tuesday, 16 June 2009

NOW THATS INTERESTING!!!!!!!!!!!

The Phoenix New World Currency as predicted by Economist June 1989 TO COME IN CIRCA 2018

Phoenix crop circle may predict end of the world

Crop circle experts believe the latest pattern to be discovered, a phoenix rising from the flames in Wiltshire, may give a warning about the end of the world.

Published: 12:21PM BST 15 Jun 2009

The 400-foot design was discovered in a barley field in Yatesbury near Devizes Photo: M & Y PORTSMOUTH

The 400-foot design was discovered in a barley field in Yatesbury near Devizes and depicts the mythical phoenix reborn as it rises from the ashes.

Investigators claim more formations are referencing the possibility of a cataclysmic event occurring on December 21, 2012, which coincides with the end of the ancient Mayan calendar.

Related Articles

• Circular phenomena

• Crop circle picture gallery shows more complex forms

• Dragonfly crop circle appears in Wiltshire

• Alexander Wang's Gap khaki, Retrosun sunglasses and Ralph Lauren watches

• 600ft jellyfish crop circle found in Oxfordshire field

• Tapestry of Picasso's Guernica marks Whitechapel Gallery reopening

The Mayans believed civilisation exists within a series of earth cycles of 144,000 days each with the 13th expiring in December 2012, resulting in Armageddon.

Crop circle enthusiast Karen Alexander, from Gosport, Hants, said: "The phoenix is a mythical creature which symbolises rebirth and a new era in many cultures across the world.

"Within the crop circle community many believe the designs are constantly referring to December 21 and its aftermath.

"This could be interpreted as the human race or earth rising again after a monumental event.

"The patterns are becoming more intricate with every find and it is exciting to think how they are going to evolve by the time we get to 2012."

Recent crop circles have included giant jelly-fish and one image discovered in Wiltshire in June which experts dubbed the most 'mind boggling' they had ever come across.

The formation, measuring 150ft in diameter, is apparently a coded image representing the first 10 digits, 3.141592654, of pi.

Sunday, 19 April 2009

COVER: "GET READY FOR A WORLD CURRENCY" AND Dr Dennis Cuddy with John Loeffler New Words for a New World

COVER: "GET READY FOR A WORLD CURRENCY"

thanks to jc for article.

Title of article: Get Ready for the Phoenix Source: Economist;

01/9/88, Vol. 306, pp 9-10

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates - a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

But in spite of all the trouble governments have in reaching and (harder still) sticking to international agreements about macroeconomic policy, the conviction is growing that exchange rates cannot be left to themselves. Remember that the Louvre accord and its predecessor, the Plaza agreement of September 1985, were emergency measures to deal with a crisis of currency instability. Between 1983 and 1985 the dollar rose by 34% against the currencies of America's trading partners; since then it has fallen by 42%. Such changes have skewed the pattern of international comparative advantage more drastically in four years than underlying economic forces might do in a whole generation.

In the past few days the world's main central banks, fearing another dollar collapse, have again jointly intervened in the currency markets

(see page 62).(Pg 62 is an advertisment, para 4 says pg 66 j's edit ) Market-loving ministers such as Britain's Mr. Nigel Lawson have been converted to the cause of exchange-rate stability. Japanese officials take seriously he idea of EMS-like schemes for the main industrial economies. Regardless of the Louvre's embarrassing failure, the conviction remains that something must be done about exchange rates.

Something will be, almost certainly in the course of 1988. And not long after the next currency agreement is signed it will go the same way as the last one. It will collapse. Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by a patch-up followed by emergency, stretching out far beyond

2018 - except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very tends that will make it mount are making the utopia of monetary union feasible.

The new world economy

The biggest change in the world economy since the early 1970's is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world's financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.

Alongside that trend is another - of ever-expanding opportunities for international trade. This too is the gift of advancing technology. Falling transport costs will make it easier for countries thousands of miles apart to compete in each others' markets. The law of one price (that a good should cost the same everywhere, once prices are converted into a single currency) will increasingly assert itself. Politicians permitting, national economies will follow their financial markets - becoming ever more open to the outside world. This will apply to labour as much as to goods, partly thorough migration but also through technology's ability to separate the worker form the point at which he delivers his labour. Indian computer operators will be processing New Yorkers' paychecks.

In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how .)

(This is incorrect, the hard copy says pg 70-71, see hard copy pdf attachment)

The absence of all currency risk would spur trade, investment and employment.

The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate - and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.

The alternative - to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Copyright of The Economist is the property of Economist Newspaper Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use.

WE'VE BEEN TELLING YOU THIS SINCE 2003, AT LEAST. TOLD YOU ALL SO! ONE DAY YOU'LL BELIEVE US! 04/11/2009 New Words for a New World click to listen also note interviews with Dr Dennis Cuddy and Harold Hoffman: scroll down right to Conversations to Remember Happy Passover or Easter, whichever applies. The world is passing through profound paradigm shifts rights now so we're planning to "hyperfocus" on just a couple of key items this weekend. First John produces an extended boralogue on the new emerging global economic system and a vocabulary emerging from the G20 summit, including "transnationalism" and "responsible sovereignty." What does it all mean? One of those G20 phrases is -- surprise surprise -- the time-tried "new world order." So does this mean all our politicians are now conspiracy theorists? Perhaps an examination of the 100-year history of that expression would be in order. We'll run clips from a Steel on Steel show from 14 years ago. Then historian Dr. Dennis Cuddy, author of "The New World Order and the Road to Socialism," returns to check on what the globalists are cooking up in the midst of the universal economic crisis.