Tuesday, October 31, 2006

Finished Confessions of EHM

I just finished Confessions of an Economic Hit man and I'd like to highlight a few items.

He noted that the US currency is not linked to Gold it is liked to their ability to create more. The US treasury has the ability to print as much as they wish. Robert Kiyosaki Has touched on this issue in his past articles as well.
He asked the question what will happen to the US if the world starts to adopt the Euro as their currency of choice? I believe Americans will find it very difficult to repay their loans. I like the fact that the Canadian currency is on a rebound maybe the world can adopt the Canadian Dollar as their favorite currency? Yah right :) keep on dreaming.

The importance of Iraq to the Americans is not just oil, it's political. If they build infrastructure that can influence that part of the world then they can control oil and politics. Hence Iraq supplies natural resources to other countries like fresh water. Who's down stream that will be affected when (notice I didn't say if) the Americans start damming up the water, build hydro-electric plant? Who is with-in striking distance when the Americans build military bases in the region? With that kind of control you can get governments to do almost anything at your whim.

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