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(Click here for the news -
directly below this commentary and promotional section):
COMMENTARY -- WAR --
The completed
article.
COMMENTARY -- NEWS REPORTING
-- The
completed article.
COMMENTARY -- US and Israel's
'common cause'
COM_002-01Mar2003.html Wednesday,
19-Mar-2003 -- The completed
article.
Jesus Christ is the answer. He is both an example of what we must
be like as humans and he is the facilitator/mediator/interface whereby we can
all know and experience the love/caring of God.
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Introduction to the Book
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Revelation.html
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Weak dollar sparks share
rout
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Physical Context:
Americas - USA - New York -
@Stock Market - Re: Weak
Dollar
Summary (HFY): A drop in the
value of the dollar caused stock markets to plunge around the world on Monday.
Leading stock market indexes in the US, Japan, France and Germany all fell
heavily during the day's trading. The falls were triggered by a statement from
the G7 group of rich nations, meeting in Dubai at the weekend, who called for
market forces to set exchange rates.
Comment (HFY):
American jobs are going out of America to India, China, and other Asian
countries. Leading USA companies have and continue to "out source" work
functions depriving Americans of jobs. This in turn weakens the industrial
capacity of America regarding the production of goods and services. These
companies claim that this brings more wealth to the USA. Possibly this is so in
the short term. But in the long term it reduces the industrial capacity of the
USA, deprives people of jobs they once had, lowers the tax base, creates social
discontent, and most importantly affects the competitive character of the
remainder of the USA industrial complex thus forcing more mergers, more out
sourcing, and more down sizing starting a new whole new cycle resulting in a
more weaker dollar. Eventually these cycles result in a total economic
collapse. But from the standpoint of aggressive and hostile nations, if the USA
economy can be weakened so also is the USA military prowess and that is the
greatest danger the USA faces in the light of serious economic
downturns.
There is a fundamental rule that is being violated by these
bit companies in their quest for profit. That rule is that the overall economic
power of a nation can be measured by the degree of employment in
conjunction with the average income level of the largest employment
class or classes (that is the majority) of workers as measured against the
standard of living in conjunction with the consumer purchasing
power for services and products. Purchasing power in the long term
decreases as industries disappear forcing debt to subsidize a standard of
living that cannot be maintained. There are many dynamics such as these always
at play.
The best illustration of the long term situation can be easily
visualized if we look at the microcosm of a small sample of individuals that
have lost their jobs in a diminishing job market and either cannot get another
job or must obtain a job at a lower rate of pay, or must work several jobs. A
study of such scenarios shows exactly what is described above.
It only
stands to reason that if manufacturing industries disappear from the USA
landscape then the USA becomes increasingly dependent on these industries
outside of the USA land scape. If the cycles described above occur then that is
the situation. Eventually the industrial output of the USA becomes so
diminished and purchasing power of the products and services so low and the tax
base so low that the government is unable to provide relief for its own people.
This is an artificial depression created by the greed of big business caught up
in the competitive war to dominate their particular market place. It is this
weakness in the so called Capitalist system that countries like China and
Russia are exacerbating in an effort to weaken the USA military prowess.
Countries like France and Germany no longer fear war with Russia or China so
their focus also is on a competitive advantage over the USA. Effectively this
is war, undeclared war, somewhat unintentional war, but a war nevertheless
because it has destructive consequences. See previous commentaries that
highlight the link between countries and the big business units they
host.
But this scenario becomes even more destabilized when nations like
China subsidize the industrial complex they are building as well as the out
sourcing from the USA. These among many other reasons explain why an economic
war is now in place and how that war is aimed at the USA. As long as the USA
remains a Super Power these nations cannot do as they please. In addition, it
is the American economy that drives the global economy. These nations like
China, Russia, France, Germany and others want to break free of the USA
influence. The USA influence is a marriage between both the economy and the
military. So they must crush that marriage if they can and their actions at the
UN and with the WTO and other areas reveal their attitudes and motivations even
if they do try to constantly lay the blame on the USA. The unilateral action of
the USA in Iraq is a prime example of what these nations fear in the way the
USA is capable both financially and militarily in asserting its dominance.
There is only one final answer and that answer is that the USA must
redefine it's economy to get rid of the the fragility factors based on stock
market gambling and consumer demand for goods and services that are not
essential to economic survival. Economic survival is geared to essential
products and services needed for a society to survive and protect itself from
aggressors. When these industries move out or diminish then the USA economy
weakens in the long term perspective. Once sufficiently weak the economy can no
longer sustain a military that makes the USA the world power it is. Voila,
these nations are no longer accountable to the USA and can begin fighting
amongst themselves as they are certain to do. So it is a good thing for the
world that the USA exists as a Super Power. Otherwise, the world would soon
become ruled by tyrants governing according to whatever social philosophy suits
their predatory instincts. It is the USA that by virtue of its economy and
military maintains a somewhat stable global community.
As time
progresses, the ticket to get elected into public power will be the promise to
create jobs at a pay level that will sustain the standard of living. Those that
deliver on these promises will hold power. This is what both the democratic and
republican parties have not yet realized. They are so wrapped up in the "power"
to rule scenario they cannot see what is happening in front of them. There will
be politicians that will be held accountable by the American public for how
they have managed these issues. This is now happening in the California recall
vote. Regardless of how it turns out it is setting an example of citizens
demanding political accountability. Catering to big business that exists only
in a profit based environment is the wrong way to go and the wrong way to
create jobs. In the California discontent we will find big business behind that
discontent. The collusion between big business and government regarding
essential products and services resulted in the great debt burden now laid upon
the tax payers of California. This is the way of big business. They take as
much as possible and give back as little as necessary in how they operate in
the market place. This is the rule that governs big business.
Industries and jobs need to be created as part of a government program.
These industries and jobs need to be aimed at products and services that are
essential to societies survival and well being and protection. The economy
needs to be redefined to do this very thing. It cannot do that now because of
the sell out of national resources to big business.
Profit and demand
for non essential product and services (luxury category) should not drive this
new definition of an economy. This kind of economy is much more social oriented
than the corrupt big business scenario that now dominates the USA and most
countries in this world. National resources like power, water, oil, banking,
food production, agriculture, roads, housing, and many other essential
industries should be all "made in America", that is not foreign owned or
controlled but owned and controlled by a government accountable to the people
for its management of these resources and industries. This establishes a
guaranteed job market at a guaranteed income level and a guaranteed price for
essential products and services. This arrangement cannot be manipulated for
purpose of gain as occurs today.
One might ask, what is left. The
answer is "not big business" but a return to "small business units operating on
a make a living ethic versus "milk the market for all it will bear ethic". It
used to be this way in the USA and must again return to a free enterprise
system operating on a "make a living" basis as opposed to greed for maximum
profit in return for as little as possible in the way of goods and services.
The outbreak of small business units are possible as soon as the profit/cost
issues are no longer primary but put into a controlled and stable economic
frame work.
If one examines this scenario carefully one will discover
that big business seems to initially provide goods and services at a lower
monetary value than would a small business. So what! However, over time, as one
big business eventually dominates its market place both the quality and cost
again become issues. The quality is poor and not maintainable and the costs
rises because the competition has been devastated and maximum greed takes over.
This dominate/greed profile happens regularly now in Canada and the USA with
the privatizing of the power generation facilities and the power grid, the gas
lines, the price of fuel, water resources, and so on. But from a quality/cost
profile simply look at the Super Markets and compare the present quality and
price against the present purchasing power of a person today and prior to these
giant business units. Also note, that the goods and services are often not USA
made but imported against a large trade deficit. Today one can buy less goods
and services with their income than they could with their income 20 years ago
even though the income level was lower. This gets into many complicated
discussions and we cannot do that now. But for example consider this. Today a
car lasts about 5 years, but 20 years ago a car lasted 20 years. And if the
first cars were not junked they would still be operating at a fraction of the
cost of the new cars. Yes, its true, cars today come with radios, air
conditioners, steel belted tires, power steering, heating system and many other
technological and expensive options. But the point still holds. Bear in mind
the difference between essential for transportation and luxury for comfort.
This is why the discussion gets complicated and it will always get complicated.
One essential has to make the determination regarding the worth and longevity
of the present economic scenario and do this in the light of the determined
risks of staying with that scenario. Obviously in North America both the
government and the people lack the resolve to change this status quo. So the
status quo will be forced to change when the economy fails, politicians are
held accountable, and the military threat against the USA becomes a major issue
because of the weakness in the economy. Personally, I don't want to wait until
that happens, do you?
The kind of measurement one must make on this are
relative, one thing with another. For such an economy as advocated here to work
it must be self sustaining, that is there must be enough people, enough
natural resources, enough industries, etc., to balance off against each other
and then a monetary system set up that assigns values such that the balance can
be maintained by government, not by private industry. This aspect of the
economy has been explained in a previous commentary. What I have presented is
only the general idea behind a new economy which would be a mix between a
socialist and free small business economy. The emphasis is industry and price
control and the motivation to be in business is to earn a livelihood and not to
make a profit. Quality becomes the main concern and gain becomes a minor
concern. Major resource management like power, dams, electric lines, and that
sort of thing would no longer be managed by private business units. In a very
real way, California portends what is now happening in Canada and the USA. In
Canada, for example, power generation facilities are failing while under
private big business management that has to date exacted 3 times the cost of
these services than what the tax payer paid to the government before
privatisation. Instead of replenishing the generator plants which the excessive
charges they let the situation get out of hand so they could pressure the same
government to throw more tax money at the privatisation effort. Here we have
"milk the market for all that it will bear and give as little back as possible
so that maximum gain can be realized". Here big business milks not only the tax
payer but the tax payer's government which is equivalent to hitting the tax
payer twice over for the same thing. This is no way to run a country. Who
thinks that this kind of nonsense is a sound economic system. Yes, it has
everything to do with the economic system because the present economic system
is an expression of the worth of big business and not the resources, goods, and
services as explained above.
From a Christian perspective,
wisdom is how we manage what we have, not how well we can steal what others
have. Big business should be held accountable for any gross mismanagement that
occurs especially with essential services and products. Big business violates
one of the commandments, "Thou shalt not steal". Big business violates the
greatest commandment, the first commandment. What a shameful thing to say about
our economy.
BBC -- Monday, 22 September, 2003,
21:04 GMT 22:04 UK
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A drop in the value of the dollar caused
stock markets to plunge around the world on Monday.
Leading stock market indexes in the
US, Japan, France and Germany all fell heavily during the day's trading.
The falls were triggered by a
statement from the G7 group of rich nations, meeting in Dubai at the weekend,
who called for market forces to set exchange rates.
The statement hit US stock markets,
as investors feared that a laissez-faire attitude towards the weak dollar would
deter foreign investment.
"If the dollar continues to fall,
there is increasing risk that foreign investors will pull money out of US
stocks and bonds," said Mike Kayes, chief investment officer at Eastover
Capital.
In New York, the Dow Jones closed
109 points lower at 9,535, while the Nasdaq technology index lost 1.6% of its
value.
The statement also hit countries
which export to the US, who fear that the weak dollar will make their products
less competitive in the key US market.
'The wobblies'
Signs of a US economic
recovery have boosted the share price of many of these exporting firms
recently.
But the weak dollar will undermine
the hopes of a recovery.
Japan's stock market plunged by more
than 4%, after a strong jump in the yen sparked fears that crucial exporters
such as Sony and other technology firms might start to suffer.
The yen, which has been steadily
gaining over the past two years, rose by 2% to almost 111 yen in the dollar,
after reports at the weekend indicated that the central bank could do nothing
to stem further gains.
In Europe, carmakers such as
Porshce, Renault and BMW - all of whom have active export markets to the US -
led the way down.
France's Cac index fell 2.7% while
Germany's Dax plummeted 3.4%.
"Currency wobblies have hit global
markets hard, as a falling dollar and a rising yen and euro tend to impact
crucial export activity," said Larry Wachtel at Prudential
Securities.
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SEE ALSO:
RELATED INTERNET
LINKS:
The BBC is not responsible for
the content of external internet sites
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End of article 2
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US Troops Battle Iraqi
Guerrillas; TV Network Offices Closed
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Physical
Context: Middle East - Iraq - Baghdad - Re: 2
Incidents
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For more attack reports
see the attached article associated with these credits.
4
Die in Saudi Shootout
Greg
LaMotte
Cairo
23
Sep 2003, 18:39 UTC
 
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Summary
(HFY):
- (1) Iraqi authorities say three people were
killed and three wounded during a battle between U.S. troops and suspected
guerrillas near the volatile western town of Fallujah. The U.S. military says
it can only confirm. U.S. military spokesmen say a unit of the 82nd Airborne
Division came under attack in the village of al-Sajr, about 100 kilometers west
of Baghdad. one enemy killed.
- (2) In another development, Iraq's governing
council has voted to temporarily close the Baghdad offices of the Arabic
television stations, al-Jazeera and al-Arabiya. A spokesman for the current
council president, Ahmed Chalabi, accused the stations of fomenting terrorism
and broadcasting threats on the lives of Iraqi politicians. Spokesman Entifad
Qanbar told reporters that the stations might be getting advance tip-offs about
terrorist attacks. "Everywhere there is an explosion you will find al-Jazeera
and al-Arabiya right away there, as if they were informed before the
explosion," he noted. "I mean, there is a great deal of suspicion about their
activities.
Comment (HFY): Scheduled murder
with the cooperation of al-Jazeera and al-Arabiya for the purpose of inciting
Arabs. If true they must be exposed around the world for they bring shame on
their profession, they are co-conspirators in these attacks which makes them
criminals and they should be prosecuted as such, and their governments should
apologize to the USA before the UN.
From a Christian
perspective, we will wait and see what the facts bring out.
VOA -- 23 Sep 2003, 14:31
UTC
Michael Drudge
Baghdad
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Iraqi
authorities say three people were killed and three wounded during a battle
between U.S. troops and suspected guerrillas near the volatile western town of
Fallujah. The U.S. military says it can only confirm one enemy
killed.
U.S.
military spokesmen say a unit of the 82nd Airborne Division came under attack
in the village of al-Sajr, about 100 kilometers west of Baghdad.
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| AP |
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| Jouri Mohammed
grieves over her brother's death next to missle crater after US aircraft fired
six missiles in al-Sajr, Iraq 15 kms north of Fallujah |
|
A
military statement said the attackers fled to a building and the American
troops surrounded it. The U.S. troops called in air strikes as the fighting
raged.
Doctors at Fallujah General Hospital say three men from one
family were killed. The wounded included two brothers, ages eight and 10. Their
father was among the dead.
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| Injured child on
hospital bed |
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The doctors say the boys, and a 43-year-old man all suffered multiple
shrapnel wounds.
The incident has inflamed tensions in the already-troubled
region of Fallujah, a hotbed of anti-coalition activity.
The wounded man, Abed Rashid, spoke to VOA from his
blood-soaked hospital bed. He said he had been sleeping with his family on the
roof of his home when he was awakened by gunfire. He said that as he hustled
his family downstairs, a missile exploded near the house, wounding him in the
chest.
Mr.
Rashid had one blunt question for the U.S. military: "Did you come here to
liberate us from Saddam Hussein, or to kill us?"
American military commanders say they do their best to avoid civilian
casualties, and they sometimes pay compensation when civilians are accidentally
attacked.
In another development, Iraq's governing council has voted to
temporarily close the Baghdad offices of the Arabic television stations,
al-Jazeera and al-Arabiya.
A
spokesman for the current council president, Ahmed Chalabi, accused the
stations of fomenting terrorism and broadcasting threats on the lives of Iraqi
politicians.
Spokesman Entifad Qanbar told reporters that the stations might
be getting advance tip-offs about terrorist attacks. "Everywhere there is an
explosion you will find al-Jazeera and al-Arabiya right away there, as if they
were informed before the explosion," he noted. "I mean, there is a great deal
of suspicion about their activities."
Mr. Qanbar compared the decision with a British decree in the
1990s that barred Irish Republican Army representatives from appearing on
British radio and television.
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