Are We Witnessing the Start of a Global Revolution?

[fyrOM]

Nothing like a crisis or two to get the ball rolling…

IMF Seeks to Replace US $ as World Reserve Currency

http://macedoniaonline.eu/content/view/17557/52/

Friday, 11 February 2011

The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.
SDRs represent potential claims on the currencies of IMF members.
They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some "technical hurdles" involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.

"Over time, there may also be a role for the SDR to contribute to a more stable international monetary system," he said.

The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.

In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks' dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.

Oil prices usually go up when the dollar depreciates. Supporters say using SDRs to price oil on the global market could help prevent spikes in energy prices that often occur when the dollar weakens significantly.

New World Order anyone. What side order of crisis would you like with your order.

[George S.]

they reckon gold could rise as much as $5000 an ounce in a couple of years.

[julie]

certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.

I have a serious problem with that, are there any ecomonists onthis forum please that would explain what the benefits are of trading in US dollars???!!!!

OM you comment - New World Order anyone. What side order of crisis would you like with your order. totally agree with

[Phoenix]

certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.

I have a serious problem with that, are there any ecomonists onthis forum please that would explain what the benefits are of trading in US dollars???!!!!

OM you comment - New World Order anyone. What side order of crisis would you like with your order. totally agree with

Yep...OM's the man for the job...

A mathematician, an accountant and an economist apply for the same job.

The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."

Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."

Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, "What do you want it to equal"?

[fyrOM]

Yep...OM's the man for the job...

A mathematician, an accountant and an economist apply for the same job.

The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly."

Then the interviewer calls in the accountant and asks the same question "What do two plus two equal?" The accountant says "On average, four - give or take ten percent, but on average, four."

Then the interviewer calls in the economist and poses the same question "What do two plus two equal?" The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, "What do you want it to equal"?

It was a funny joke Phoenix..Im being genuine in case you didn’t notice…but it’s the kind of joke that in seriousness leaves people laughing the other side of their mouths…just wait for the property crash part 2 in the usa and the petro dollar crash…I just don’t know which will come first and add all this to their hidden inflation and you have a storm in the making.

But regardless of my opinion you will notice it’s the IMF saying for a new currency and not me. My opinion is that it is in preparation for the above. We are getting closer to a down hill slide. If it wasn’t for trade and petro dollars and the usa dollar had to stand on its merits it would be far lower than it is today.

By the way Phoenix did you hear on last nights news that Resrve bank …of Australia…is now saying they are reviewing their outlook on interest rates and No increases are expected beyond the middle of the year...good oil bad oil remember…I wonder how far beyond the middle of the year they could mean…oct nov do you think…ouch.

[osiris]

Are We Witnessing the Start of a Global Revolution?

i sure hope so

but until the revolution starts in the belly of the beast the beast will still prowl and ravage the world

what i find hilarious is the position of the beast on the egyptian situation.

mubarek was their puppet they helped install him they bankrolled him they armed him and stood by him until 18 days ago.

they lauded him, and he along with king whats his name of jordan and the sly savage saudis were their buddies in the middle east. the so called moderate arab pro us states champions of moderation and peace defenders of political stability and human rights unlike sadam and iran

and now well mubarek is on the nose a little bit.

is the cia so hopeless not to have predict this and are the us politicians so shameless and duplicitous to now dare criticize him.

[Voltron]

Its politics, just like Rumsfeld was shaking hands with Saddam in the 90's to hanging him in a dungeon just a few years ago. You got to go with the flow....

[Big Bad Sven]

There is a revolution spreading throughout the middle east, hopefully it gets to macedonia and the people remove dickless wastes of space like gruevski and imprison shiptar gangsters - hopefully then macedonia will actually become a proper running democratic running country.

[DirtyCodingHabitz]

Here's a great video that was just published.
YouTube - Global Revolution 2011 Tribute Ken O'Keefe [ALawson911 edit] Obamanation Dictator Mubarak ISRAHELL

[fyrOM]

is the cia so hopeless not to have predict this and are the us politicians so shameless and duplicitous to now dare criticize him.

Think of an absolute whore with absolutely no morals or cares but whats only good for her. Now think of having to deal with someone like that.

Its politics, just like Rumsfeld was shaking hands with Saddam in the 90's to hanging him in a dungeon just a few years ago. You got to go with the flow....

[osiris]

Originally Posted by osiris View Post
is the cia so hopeless not to have predict this and are the us politicians so shameless and duplicitous to now dare criticize him.
Think of an absolute whore with absolutely no morals or cares but whats only good for her. Now think of having to deal with someone like that.

i was only being sarcastic the cia most likely have agents in both camps.

[DirtyCodingHabitz]

Here's another good video, brand new .
YouTube - Mubarak and the Fall of the Zionist Running Dogs!

[fyrOM]

Its getting bigger.

Bahrain crushes protest camp, locks down capital

MANAMA, Bahrain – Troops and tanks locked down the capital of this tiny Gulf kingdom after riot police swinging clubs and firing tear gas smashed into demonstrators, many of them sleeping, in a pre-dawn assault Thursday that uprooted their protest camp demanding political change. Medical officials said four people were killed.

Hours after the attack on Manama's main Pearl Square, the military announced a ban on gatherings, saying on state TV that it had "key parts" of the capital under its control.

After several days of holding back, the island nation's Sunni rulers unleashed a heavy crackdown, trying to stamp out the first anti-government upheaval to reach the Arab states of the Gulf since the uprisings in Tunisia and Egypt. In the surprise assault, police tore down protesters' tents, beating men and women inside and blasting some with shotgun sprays of birdshot.

It was a sign of how deeply the Sunni monarchy — and other Arab regimes in the Gulf — fear the repercussions of a prolonged wave of protests, led by members of the country's Shiite majority but also joined by growing numbers of discontented Sunnis.

Tiny Bahrain is a pillar of Washington's military framework in the region. It hosts the U.S. Navy's 5th Fleet, which is a critical counterbalance to Iran. Bahrain's rulers and their Arab allies depict any sign of unrest among their Shiite populations as a move by neighboring Shiite-majority Iran to expand its clout in the region.

But the assault may only further enrage protesters, who before the attack had called for large rallies Friday. In the wake of the bloodshed, angry demonstrators chanted "the regime must go" and burned pictures of King Hamad bin Isa Al Khalifa outside the emergency ward at Salmaniyah hospital, the main state medical facility.

"We are even angrier now. They think they can clamp down on us, but they have made us angrier," Makki Abu Taki, whose son was killed in the assault, shouted in the hospital morgue. "We will take to the streets in larger numbers and honor our martyrs. The time for Al Khalifa has ended."

The Obama administration expressed alarm over the violent crackdown. Secretary of State Hillary Rodham Clinton called Bahrain's foreign minister to register Washington's "deep concern" and urge restraint. Similar criticism came from Britain and the European Union.
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[fyrOM]

In Libya killed 14 people in Bahrain three

http://www.vest.com.mk/?ItemID=D250CEC8F4EAAA4D96F11ECDCC312983

Manama, Feb. 18 (Reuters) - Police in Bahrain yesterday attacked protesters who camped in the capital, where three people were killed in an attempt to stifle pro-democracy protests, inspired by similar civil movements in the Middle East. In Libya, meanwhile, the so-called Day of Wrath, protesters took to the streets obiduvajgji to expel the longtime dictator Muammar Gaddafi, but met fierce resistance from security forces who reportedly killed 14 people.
"Killing us!" Said one protester for Reuters, while the police during the night with tear gas and blanks square progressed through Pearl in Manama, dispersing about 2,000 people, including women and children, who spent three days on the square, hoping that will replicate the successful protest of the Egyptian people of Tahrir Square in Cairo.
Once they saw the protests in Tunisia and Egypt were gradually falling power and rulers, the royal family of Bahrain, which has long been aware of the growing discontent of the people, decided to put down the latest attempt to push him from power.
Dozens of people were arrested, according to opposition leaders.
Mon krvoporolevanjeto in Bahrain, hundreds Jemenci clashed again on the other side of the Arabian Peninsula and North Africa were seen more unrest in Libya.
Libyan Day of Wrath, who was promoted on social networks on the Internet, began with small signs of activity. Supporters of Muammar Gaddafi, who is in power 42 years, gathered to protest.
On the streets of Iran and Iraq also had a riot.
Dissatisfaction with unemployment of young people in many countries was prompted by news that revenues from the sale of oil proneveruvaat the ruling and business elite.
I spent two months after the young Tunisian Mohammed Buazizi wave of protests began when samozapali of December 17, 2010 in Sidi Bouzid. He expressed his frustration with the growing poverty, government corruption and police brutality.
In Libya, an advocate for human rights said that 14 dissidents were detained and that there are unconfirmed votes that two were killed in clashes in zavcherashnite Bajda. The previous day there was fighting in Benghazi.
The military in Bahrain, where 1.3 million people live, warned citizens to stay away from downtown and will do everything to maintain security in the country.
The Pearl Square remained empty tents, blankets and left scattered garbage, while the smell of tear gas still hovered in the air.

[Onur]

Probably you heard that Libyan dictator Gaddafi gone mad and he sent his jet fighters to bomb on protesters. It`s been said that more than 200 people died yesterday. Gaddafi`s son said that they wont leave without a fight and this can create civil war if necessary.

Fresh violence rages in Libya

Protesters say security forces using warplanes and live fire 'massacred' them, as UN warns of possible 'war crimes'.

Libyan forces loyal to Muammar Gaddafi are waging a bloody operation to keep him in power, with residents reporting gunfire in parts of the capital Tripoli and other cities, while other citizens, including the country's former ambassador to India, are saying that warplanes were used to "bomb" protesters.

Nearly 300 people are reported to have been killed in continuing violence in the capital and across the North African country as demonstrations enter their second week.

Navi Pillay, the UN high commissioner for human rights, has warned that the widespread attacks against civilians "amount to crimes against humanity", and called for an international investigation in possible human rights violations.

Witnesses in Tripoli told Al Jazeera that fighter jets had bombed portions of the city in fresh attacks on Monday night. The bombing focused on ammunition depots and control centres around the capital.

Helicopter gunships were also used, they said, to fire on the streets in order to scare demonstrators away.

Several witnesses said that "mercenaries" were firing on civilians in the city, while pro-Gaddafi forces warned people not to leave their homes via loudspeakers mounted on cars.

Residents of the Tajura neighbourhood, east of Tripoli, said that dead bodies are still lying on the streets from earlier violence. At least 61 people were killed in the capital on Monday, witnesses told Al Jazeeera.


'Indiscriminate bombing'
Protests in the oil-rich African country, which Gaddafi has ruled for 41 years, began on February 14, but picked up momentum after a brutal government crackdown following a "Day of Rage" on February 17. Demonstrators say they have now taken control of several important towns, including the city of Benghazi, which saw days of bloody clashes between protesters and government forces.

There has been a heavy government crackdown on protests, however, and demonstrators at a huge anti-government march in the capital on Monday afternoon said they came under attack from fighter jets and security forces using live ammunition.

"What we are witnessing today is unimaginable. Warplanes and helicopters are indiscriminately bombing one area after another. There are many, many dead," Adel Mohamed Saleh said in a live broadcast.

"Anyone who moves, even if they are in their car, they will hit you."

Ali al-Essawi, who resigned as Libyan ambassador to India, also told Al Jazeera on Tuesday that fighter jets had been used by the government to bomb civilians.

He said live fire was being used against protesters, and that foreigners had been hired to fight on behalf of the government. The former ambassador called the violence "a massacre", and called on the UN to block Libyan airspace in order to "protect the people".


'Genocide'
The country's state broadcaster quoted Saif al-Islam Gaddafi, the son of the Libyan leader, and widely seen as his political heir, as saying that armed forces had "bombarded arms depots situated far from populated areas". He denied that air strikes had taken place in Tripoli and Benghazi.

The government says that it is battling "dens of terrorists".

Earlier, Ibrahim Dabbashi, Libya's deputy ambassador to the United Nations, said Gaddafi had started a "genocide against the Libyan people".

During Monday's protests, gunfire was heard across the capital, with protesters seen attacking police stations and government buildings, including the offices of the state broadcaster.

Witnesses told the AFP news agency that there had been a "massacre" in Tajura district, with gunmen seen firing "indiscriminately".

In Fashlum district, helicopters were seen landing with what witnesses described as "mercenaries" disembarking and attacking those on the street.

Mohammed Abdul-Malek, a London-based opposition activist who has been in touch with residents, said that snipers have taken positions on roofs in an apparent bid to stop people joining the protests.

Several witnesses who spoke to the Associated Press news agency said that pro-Gaddafi gunmen were firing from moving cars at both people and buildings.

State television on Tuesday dismissed allegations that security forces were killing protesters as "lies and rumours".


Benghazi situation dire
Benghazi, Libya's second city, which had been the focal point of violence in recent days, has now been taken over by anti-government protesters, after military units deserted their posts and joined the demonstrators.

Doctors there, however, say that they are running short of medical supplies.

Dr Ahmed, at the city's main hospital, told Al Jazeera that they were running short of medical supplies, medication and blood.

He said that the violence in Benghazi had left "bodies that are divided in three, four parts. Only legs, and only hands,".

While no casualties had been reported in the city on Tuesday, he estimated the number of people killed in Benghazi alone over the last five days to be near 300.

He also said that when military forces who had defected from Gaddafi's government entered an army base, they found evidence of soldiers having been executed, reportedly for refusing to fire on civilians.

The runway at the city's airport has been destroyed, according to the Egyptian foreign minister, and planes can therefore not land there.


Possible 'crimes against humanity'
According to the Paris-based International Federation for Human Rights (IFHR), protesters are also in control of Sirte, Tobruk in the east, as well as Misrata, Khoms, Tarhounah, Zenten, Al-Zawiya and Zouara.

On Sunday, the US-based rights group Human Rights Watch said that at least 233 people were killed in the violence. Added to that are at least 61 people who died on Monday, which brings the toll since violence began on February 17 to at least 294.

Pillay, the UN's human rights chief, called on Tuesday for an international investigation into the violence in the country, saying that it was possible that "crimes against humanity" had been perpetrated by the Libyan government.

In a statement, Pillay called for an immediate halt to human rights violations, and denounced the use of machine guns, snipers and military warplanes against civilians.


Evacuations
Meanwhile, Royal Dutch Shell, a major oil company, said on Tuesday that all of its expatriate employees and their dependents living in Libya have now been relocated.

Emirates airlines and British Airways suspended all flights to Tripoli on Tuesday, citing the violence in the country, even as Italy, France, Turkey, Greece and several other countries were preparing to send aircraft to evacuate their nationals from the country.

Two Turkish ships that were sent to evacuate citizens were not allowed to dock at Tripoli, and one of them then sailed to Benghazi in an attempt to dock there, Anita McNaught, Al Jazeera's correspondent in Istanbul, reported.

http://english.aljazeera.net/news/af...251456133.html

There are about 25.000 Turkish people in Libya. They work in there for construction business. We could only evacuate about 100 of them so far cuz Libyan dictator doesn't allow planes to take off and fly out from Libya.

This is the first oil rich country where riots started in middle-east. Mainly France and Italy are leeching Libyan oil for a century. Especially Italy has huge investments in there and Berlusconi is Gaddafi`s favorite friend. I am sure this riot in Libya will have negative consequences for European economy since EU big guns needs Libyan oil. I already heard that oil prices increased after a day.


This video is from last year. Berlusconi showing his "gratitude" to Gaddafi by kissing his hand!!! He should be as precious for him as the Pope in Vatican ;

YouTube - Press TV-Berlusconi's Gaffe -03-27-2010