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Ned Goodman:the Dollar is About to be Dethroned As the World’s De Facto Currency
Sep 19th, 2013
Daily News
examiner.com
Categories: Today's Headlines;Contemporary Issues

649217-fil-annees-ned-goodman-investi

On Sept. 15, Canadian billionaire Ned Goodman spoke at the Cambridge House regarding the U.S. dollar, and the state of the Western economies. In his nearly eight minute speech, the 75 year old CEO of Dundee Capital Markets and Chancellor of Brock University painted a picture of the upcoming change in reserve currency control by the U.S., and how the dollar will soon be replaced as nations around the world rush to get rid of their currency reserves.

Ned Goodman: In my view, the dollar is about to become dethroned as the world’s de facto currency. I’ll tell you how I came to that conclusion so quickly… the new President of China, Xi Jinping, his first visit on the day of his becoming President, was at his request to meet with Mr. Putin. And he immediately made a deal with Mr. Putin to get all the oil that he needs, which he can buy in Renminbi.

We’re headed to a period of stagflation, maybe serious inflation, but stagflation for sure, and the United States will be losing the privilege to print at its will, the world’s reserve currency. A period that’s going to be very inflationary, and I can tell you that before that happens, it is likely that it is going to get quite ugly. - Ned Goodman, Cambridge House

Goodman’s assessment falls in line with a story we broke on Examiner over a year ago, where details of the oil agreement between Russia and China were provided to source by officers within the oil industry. Besides being able to purchase oil using a currency other than the U.S. dollar, China began to wholesale Russian oil to countries around the world, including Iran who even today remains under UN sanctions.

Let the Headlines Speak
Sep 19th, 2013
Daily News
From the Internet
Categories: Today's Headlines;Contemporary Issues

Turkey shuts border gate after clashes on Syrian side
Turkey has closed one of its border gates to Syria after an al Qaeda-affiliated rebel group clashed with units of the Arab- and Western-backed Free Syrian Army in the Syrian town of Azaz near the Turkish frontier, a Turkish official said on Thursday.  

The Church and organized labor’s new orthodoxy
The two groups are hardly alike. One is concerned with the material; the other occupied with things spiritual. But last week they were united, as the leaders of both appeared ready to break with tradition and leave behind a history of exclusion. These moves haven’t attracted much notice: but if the two leaders follow through, the consequences will be enormous.  

Implications of the US-Russia Agreement About Assad
When the bulk of the bi-partisan Congress and the majority of the American people expressed their loud opinion (and it was quite deafening) against the use of military force in Syria, Obama was stripped of the only support he hoped to have in his efforts to stop Assad’s mad dash toward further use of chemical weapons.  

"Rejoice...Be Wholly Happy", Says the Bible on Sukkot - Tonight
Wednesday evening at sundown is the start of the holiday of Sukkot (Tabernacles), one of the three major festivals (shlosha regalim) of the Jewish calendar in which, in Temple days, the Jewish people were enjoined to "go up to Jerusalem." Sukkot, coming immediately after the solemn month of Elul and the High Holy Days, is the holiday on which the Bible encourages all of us to "be wholly happy".  

‘Go home’: German far-right party sends hate mail to ethnically-mixed politicians
A far-right party in Germany wants politicians of mixed ethnic backgrounds to ‘go home’. It sent them one-way plane tickets ahead of the Sunday election, which quickly resulted in public outrage.  

Surveillance court orders transparency review of its NSA opinions
The U.S. Foreign Intelligence Surveillance Court (FISC) on Friday ordered government lawyers and intelligence officials to review the court’s opinions related to the scope and constitutionality of Section 215 of the Patriot Act, the statute that the NSA has cited as its authority for its mass collection of U.S. telephone records in recent years. At the request of the American Civil Liberties Union and Yale Law School’s Media Freedom and Access Information Clinic, the court ordered the U.S. government to review the court’s opinions for possible declassification, giving lawyers until Oct. 4 to do so.  

‘When they become PM, they realize how utterly dependent Israel is on the US’
Eitan Haber, Rabin’s closest aide, says he personally never believed Arafat was a partner and isn’t sure that Rabin did either. And yet, Haber insists, Rabin thought he could reach a permanent accord with Arafat because he, Rabin, would lead the effort, and he, Rabin, could attain the goal.  

Temple Mount: Is it worth fighting for?
In 1967 Moshe Dayan shocked much of the Jewish world as well as the Muslim world when he handed the keys to the Temple Mount to the Islamic Waqf. Prime Minister Levi Eshkol made plans for the eventual takeover of Mount Moriah – the Temple Mount. He formulated a plan in which the management of that holy site would be led by a committee of Muslims, Christians and Jewish clerics in order to safeguard the freedom of prayer for each of the three faiths.  

IRS continued to target Tea Party groups after granting them tax status, lawmaker says
The Internal Revenue Service continued to target conservative political groups even after approving their applications for tax exempt status, a key Republican lawmaker said Wednesday. The IRS acknowledged in May that agents had improperly targeted tea party and other conservative groups for additional, sometimes burdensome scrutiny when they applied for tax-exempt status.  

Hurricane Manuel slowly moves closer to Mexico's western coast
Manuel, a small tropical cyclone with maximum sustained winds of 75 mph, was about 20 miles northwest of Altata and 85 miles southeast of Los Mochis, traveling north at 3 mph, the National Hurricane Center in Miami reported in its 5 a.m. EDT advisory.  

Ned Goodman:The dollar is about to be dethroned as the world’s de facto currency
In his nearly eight minute speech, the 75 year old CEO of Dundee Capital Markets and Chancellor of Brock University painted a picture of the upcoming change in reserve currency control by the U.S., and how the dollar will soon be replaced as nations around the world rush to get rid of their currency reserves.  

AWAKENING SUN
After a week of deep quiet, the drowsy sun is waking up. Five new sunspots were numbered on Sept. 17th as the sun hurled a series of CMEs (movie) into space, none Earth directed.  

Shallow 5.4 magnitude earthquake hits off Papua New Guinea
The quake, which hit at 6:53 am (2053 GMT Wednesday), was just 6.5 kilometres (four miles) deep, the USGS said. It was located 75 kilometres east-north-east of Wewak and was 761 km from capital Port Moresby.  

Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times'
In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past: "Now, this debt ceiling -- I just want to remind people in case you haven't been keeping up -- raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy.  

Assad: Syria needs one year to destroy chemical weapons
Syrian President Bashar al-Assad has said he is committed to a plan to destroy his country's chemical weapons but warned it could take about a year. Speaking to Fox News, Mr Assad again denied claims that his forces were responsible for a deadly chemical attack near Damascus on 21 August. The Syria disarmament plan was unveiled by the US and Russia last weekend.  

Ukraine approves EU deal despite Russian objections
Ukrainian government ministers have approved a draft agreement with the EU, which includes a free trade pact. If formally signed in November, it would be the EU's furthest-reaching treaty with a country not currently negotiating membership. EU ministers have said the deal is dependant on Kiev introducing extensive reforms, and are urging the release of opposition leader Yulia Tymoshenko.  

Egyptian forces raid pro-Morsi town of Kerdasa
Egyptian security forces are fighting gun battles in a town near Cairo after launching an operation targeting "criminal and terrorist hotbeds". At least 28 suspected militants have been held in Kerdasa, state TV says. But several hours after the operation started, security forces were having to take cover from gunfire.  

UK and France going own way on military co-operation
Britain is forging ahead on military co-operation with France, while warning about EU "interference" on defence. The two countries are the EU's leading military powers. They spent €92 billion on defence last year (more than Germany, Italy, the Netherlands, Poland and Spain put together), according to Swedish NGO Sipri.


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