World Affairs Monthly

July 2009

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THE FATE OF THE FIAT CURRENCY:

A CONVERSATION WITH JAMES TURK

There are a number of reasons to expect the preeminence and power of the U.S. dollar to collapse in the months and years ahead, and these reasons are all fully explained and developed in the pages of WAM, but one important reason I have not yet identified and explained to my global audience. What is that reason? The dollar is of course a “fiat currency” – its value is as fickle as the human animal. All currencies today are fiat currencies, as we all (should) know. Well, we choose not to “know.” Inflation is the weapon of the wealthy, a stealth weapon.

In August 1982 a bull market got under way on Wall Street. This bull market ended in March 2000. The power of globalization has allowed us to escape “de-leveraging” – until the summer of 2007. What do we now do with our capital and savings? I have plans to soon establish my own investment firm, and I present below its investment strategy:

Please see the two WAM articles for a full description of my investment firm’s strategy. The world has changed a lot in the past 10 years or so, much more than most people realize.

The title: THE INVESTMENT STRATEGY OF MY NEW HEDGE FUND/INVESTMENT FIRM

The URL: http://worldaffairsmonthly.com/pdf/may09newsworthy9.pdf

The title: THE INVESTMENT STRATEGY OF MY NEW HEDGE FUND/INVESTMENT FIRM (PART TWO)

The URL: http://worldaffairsmonthly.com/pdf/june09noteworthy2.pdf

The United States is competing out there in the global economy, but it is not competing well enough – hence we got our fearsome debt build-up.

The decline of the dollar is the natural result of this growing competition. The United States has a serious, even grave, problem. What do we do about it? The “policy-makers” in Washington have a fiat currency at their disposal.... continue

What is never examined and discussed in news publications of the affluent West? What subjects are never broached?

The answer is uncomfortable, as most people recognize. The western media distort the realities of the world, the intricacies of world affairs, and present an image of events which is palatable and acceptable, and which conforms to their image of the world.Their beliefs and perspectives must be defended, and it is precisely this act of self-defense, which is no doubt an agonizing and desperate one, that undermines education and creates distortion....continue

To read a sample of a feature article in World Affairs Monthly Click Here

The editor would like to share a few of his monographs with the readers of World Affairs Monthly. To read...
-- Infrastructure for 21st Century Publishing Click Here
....in Arabic Click Here
-- Demographics of the New Mobile Computer Click Here
....in Arabic Click Here
-- Asia at the Crossroads Click Here
....in Arabic Click Here
....in Chinese Click Here
-- The Destruction of Israel and Zionism Click Here
....in Arabic Click Here
-- "Intelligence Collection" in the New Era Click Here
....in Chinese Click Here
....in Russian Click Here
....in Arabic Click Here
-- The Seven Inescapable Sources of World War III Click Here
....in Arabic Click Here
-- The Logic of the Arab-Israeli Conflict Click Here
....in Arabic Click Here
-- Israel in Retreat and Disintegration Click Here
-- The Martyrdom of Modern Libya Click Here
-- The Revenge of the Arabs Click Here
-- The Reluctant Crusaders Click Here
-- The Power and Pain of Union Click Here
-- From the Dark Continent to the Forgotten Continent Click Here
-- Defending Great Wealth: Africa's Struggle Against
Neocolonialism Click Here
-- The Price of African Unity Click Here
Also visit IslamOnline.net for the editor's two Live Dialogues...
-- "The Escalation of Iraqi Crisis: Who Can Stop the War?" Click Here
-- "The Threat of WMD: Iraq or North Korea?" Click Here