How the World Can Stop Bush - Dump the Dollar

[donsu]

http://www.counterpunch.com/roberts02122007.html


What would be the consequences of a US or Israeli attack on Iran's nuclear energy sites?

At the 2006 Perdana Global Peace Forum, Australian medical scientist Dr. Helen Caldicott provided an authoritative analysis of the devastating impact on human life that would result from the radiation release from such an attack.

Dr. Caldicott described the catastrophic deaths that would result from a conventional attack on nuclear facilities and the long-term increase in cancer deaths from the radiation release.

Should the attack be made with nuclear weapons--as some of Bush's criminally insane neoconservative advisers advocate--the populations of many countries would suffer for generations from radioactive particles in air, water, and food chains. Deaths would number in the many millions.

Such an attack justified in the name of "American security" and "American hegemony" would constitute the rawest form of evil the world has ever seen, far surpassing in evil the atrocities of the Nazi and Communist regimes.

-snip-

The US is totally dependent upon foreigners to finance its budget and trade deficits. By financing these deficits, foreign governments are complicit in the Bush Regime's military aggressions and war crimes. The Bush Regime's two largest lenders are China and Japan. It is ironic that Japan, the only nation to experience nuclear attack by the US, is banker to the Bush Regime as it prepares a possible nuclear attack on Iran.

-snip-

If the rest of the world would simply stop purchasing US Treasuries, and instead dump their surplus dollars into the foreign exchange market, the Bush Regime would be overwhelmed with economic crisis and unable to wage war. The arrogant hubris associated with the "sole superpower" myth would burst like the bubble it is.

-snip-

The demise of the US dollar is only a question of time. It would save the world from war and devastation if the dollar is brought to its demise before the Bush Regime launches its planned attack on Iran.
------------------------------


the neo cons have to be stopped! whatever it takes.

[itsmesgd]

1. This looks like a true "nuclear option"

When we lose buying power and start to riot in the streets, the shrub instantly becomes unemployed.

Please pass this along to the embassies of the various countries of the world along with our sincere appologies for the upcoming war.

[Deja Q]

23. Or everyone drops the dollar and we resort to dropping nukes...

:scared:

[redqueen]

2. Yeah, why not punish all of us

for the crimes of the evilest / negligence of the stupidest among us?

Not to mention, this wouldn't exactly leave the rest of the world unscathed.

[itsmesgd]

4. this is what we get for voting for the shrub...twice

[redqueen]

5. You think he was ever actually elected?

:rofl:

[itsmesgd]

7. if not we might need a regime change. or someone could bring us democracy

[redqueen]

13. Yeah, let's wait for someone to do it for us. n/t

[donsu]

6. if we attack Iran the whole world will be 'scathed' including us

nt

[redqueen]

10. China won't.

They'll get their debts to Iran forgiven.

[donsu]

29. and the radiation?

nt

[redqueen]

31. You expect China's leaders to have more foresight/consideration

than ours... why?

[donsu]

35. they aren't as stupid as the neo cons

nt

[redqueen]

36. The evidence for that is the smart way they've dealt with...

pollution? gender imbalance? the AIDS epidemic?

:shrug:

[WinkyDink]

8. Because "we" have killed innocents.

[redqueen]

11. I don't know about you, but I have not. n/t

[lectrobyte]

9. But from China's perspective, finwar might be the best option. Yeah, it might be worse than the

great depression, or it might not. Either way, we are competing over ever-dwindling supplies of oil, and expect things to only get more interesting from here on out.

[redqueen]

12. Who's China's biggest customer? n/t

[lectrobyte]

26. That is a fairly recent phenomena and could change. I'm not saying

it wouldn't hurt them too, just that I can see where things could get to that point, and that from their perspective, a financial war might seem to be a better choice than a military option. To a certain extent to think that they'd never move to devalue the dollar is sort of "whistling past the graveyard." Got Euros?

Chinese exports:

US 21.4%, Hong Kong 16.3%, Japan 11%, South Korea 4.6%, Germany 4.3% (2005)

[redqueen]

30. I think they WANT us to bomb Iran.

MHO of course...

[lectrobyte]

34. I think we want to. Not sure what the endgame for the Chinese would be,

though, seems like the oil supply disruption would be even worse for them than it is for us.

[Beelzebud]

14. Bush represents us weather we like it or not.

We don't get a "Get out of Jail Free" card in this game. Bush IS America to the eyes of the world.

He does everything in our name, weather we approve or not.

[redqueen]

15. And that logically means we deserve to be punished for his crimes?

I disagree.

[redqueen]

16. oops... wrong place

[Beelzebud]

18. It means we're in the same boat. Deserve has got nothing to do with it.

Sometimes you pay a price for the people you hang out with.

America let Bush overstay his welcome.

[redqueen]

20. You're advocating something I consider extremely counterproductive.

Good luck with that. I'm SO not with ya on this one.

Good day.

[Beelzebud]

21. I'm not advocating it. I wish we hadn't put ourselves in this position.

As I said, deserve has got nothing to do with it.

Bush has made a mess for everyone living in America.

[redqueen]

22. Oh, sorry... it seemed that way to me. n/t

[Beelzebud]

24. np at all. It's just depressing. I can see how you viewd it that way.

It's a total bummer when you really think of the implications of what Bush was done...

[Deja Q]

25. Bingo. On both counts, the world is stuck to the dollar, whether they like it or not.

[redqueen]

33. I read an article from Der Spiegel...

which implied that the world economy could escape the US dollar's collapse mostly unharmed. I did find that interesting...

[no_hypocrisy]

3. Here's the thing:

Dumping the dollar would devalue it. China, Japan, South Koreas' debts would be diluted and would not have a good chance of being repaid (or the illusion of being repaid) the full amount and interest. So, I can't see them dumping the dollar and they have most of it. And once the dollar slides, the velocity can't be slowed down at will, nor can its descent be controlled.

It might slow * down, but I don't see it stopping his march to Tehran.

[redqueen]

17. Here's ANOTHER reason this idea is as batshit insane as any of Bu$cho's...

Dollar crashes... guess what?

Oligarchs get to buy up even MORE loot at bargain basement prices!

*sigh*

RAMPANT frickin stupidity... swear to God...

[Manifestor_of_Light]

19. You want to know the effects of nuclear war

Read "THE FATE OF THE EARTH" by Jonathan Schell. His brother Orville is also an author.

It was serialized back in the 70s in the The New Yorker, my fave magazine. In three issues.

It was a sensational best seller because it went into detail about the unknown consequences of nuclear war, for the first time.

It's where I learned about the electromagnetic pulse knocking out all electronics and all the blind people and animals who would get their retinas fried from looking at the blast, and many other things.

[kineneb]

27. Ok, Hell has frozen over. Awaiting news of end of world.

PCR, "Mr. Arch-Conservative", is quoting Dr. Helen Caldicott, "Ms. Lefty-AntiNuke Campaigner".

Did anyone here else catch that little detail?

[ProfessorGAC]

28. Hyperbolic Nonsense

First, the currencies are an anachronism. 99% of international finance is wire transfer, so the currency is far less important than it used to be. When dollars are transferred to Europe, the accounts accumulate Euros by a direct interface with the currency markets.

Ergo, the currencies are all inextricably linked and pressuring one only serves to pressure them all. So, unless these other industrial nations want to self-immolate, this cannnot and will not happen.
The Professor

[redqueen]

32. ...

:loveya: