Faramarz's Latest Rambling

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 Dear Bahram G,

        Thank you for the link. I bookmarked the article and will read it after work! It is very kind of you!!! I remember you , the letter in Science magazine....long time no see!

Take care!!!

Delaram Banafsheh (Yolanda)

"Cactus in the Desert"

Thanks Yolanda

Thank you for your graciousness. I urge you to read the following link.

//ask.metafilter.com/75282/Saving-money-in-euros

Respectfully,

Bahram G

Well I've got to have that pasta maker

and the wii, and the ipod and let's not to forget the commemorative plates that I'm collecting. My home is going into foreclosure, but wouldn't be bad to collect anything with strawberry theme.

Everything is being done

Everything is being done to bring about the demise of the US dollar as reserve currency so as to destroy what independence the US can still muster by virtue of Constitutional powers bestowed on the Federal Government to affect the monetary system. The aim is to create an even more private and more centralized global monetary system which will be even more destructive than what we have now. The Chinese or Indians are not to blame for the dismal status of the US economy, the monetary system is.

The US Dollar has devalued substantially, and this will eventually be the case with all fiat currencies, unless central banking is abandoned in favor of a stable standard, like gold or oil. Really though, the current system was established to expand the monetary base during the era of the Great Depression I (we are in an even Greater Depression II, but don't know it yet) as a means of putting the economy back on track, and people back to work. The economy has derailed again, only this time in a swamp full of crocodiles. As the US Federal Reserve Bank's actions have demonstrated, monetary expansion does not solve the problems created by excess credit. Credit is still pretty well frozen and the burden of existing debts are extremely heavy on individuals and businesses. There are catastrophic risks lurking around every corner, and there are no easy answers, other than let's accept we have already passed the point of no return. It is not going to be much fun from here on. Get used to it!    

Don't discount U.S.'s might

Although the U.S. is going to a rough time now, one should not under estimate its might (military, economic, technological).

China is no doubt the up and coming super power but it has a long ways to go.

I always wonder what if the U.S. defaults on its $1.3 trillion worth of loans from China.  Basically telling them to go pound sand. 

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Hi Omid,

      Thank you so much for the info. I will try banks 1st!

Thank you sooo much! 

Delaram Banafsheh (Yolanda)

"Cactus in the Desert"

RE: Yolanda

You can buy Euro currency, trade and sell currency on many internet sites, just make shure they are certified american sites. You can also just use a regular bank.. just make shure that bank will live this crisis through and you wont lose all your savings (if you live in the US).. good luck

Sorry for the author of the article for the deviation of topic..

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Discuss, chat and post your opinions about Iran on my new forum: www.IranBebin.com

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I am interested in investing in Euros, but how can you do it?

thanks,

Hi! Bahram G,

      Thank you for your analysis! Thanks!

Delaram Banafsheh (Yolanda)

"Cactus in the Desert"

Just to comment on something touched upon in the discussions

If you have dollars, get rid of them, invest in gold or commodities (it might be a little late for gold, some speculate it to even go higher). Oil is a shure winner, the Euro right now is a good alternative to the dollar. I have no dollar reserves what so ever, I dont invest in banks that are to interconnected with the US banking system either..

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Discuss, chat and post your opinions about Iran on my new forum: www.IranBebin.com

Is it all bad?

I am old enough to remember the years, not too long ago, that people were panicking in the U.S. that Japan was buying everything in the country worth having -- from NY skyscrapers to the most prestigious golf courses. But, Japan ended up where she is now and in the process bought a lot of "lemons" that cost it a fortune.

Sure, Japan's economic threat is by no means dead, neither has it swallowed the U.S. whole.

As for China holding over a trillions of our treasury bonds and so forth, that's indeed a problem. Yet, it is not likely that China is going to have us for domestic helps in their palaces. Yes, I know that China is doing very well in so many areas and in many parts of the world. Some of the most expensive homes in California, for instance, are reportedly bought by Chinese. That's good. That's what free enterprise is all about, I suppose. You can't have it both ways. You either let people and nations make their fortunes or you don't. If you do, then you will have to live with it.

My problem is that I hope someone as observant and smart as Mr. Fateh would address is the feeling I have about the U.S. policy, headed by Democrats or Republican, that has spelled suicide for the nation.

1. What or who has appointed the U.S. as the gendarme of the world with numberless troops based in numerous countries? Why do we have to  have U.S. troop in Kosovo, for instance, or South Korea? How much these assignments cost the taxpayer and divert money from fixing things at home?

2. Do you think that the U.S. can continue to live a charmed life on plastic money? I mean both the individual Americans and the American government? What gives us the right of being pampered? If the Chinese work hard/smart and invest their earning to generate more what brings in more then good for them. Right?

3. Don't you think that in the final analysis it is good for other countries to excel in various spheres of life? I mean is it not for the good of the generality of mankind?

In my view, your point is well-taken. America, both its administrations and its people need a wake-up call. A wake up call to abandon their foolish ways and resume being productive, live-within-your-means, peaceful, and welcoming equals of other people and nations. If that happens, we'll all be better for it and we don't have to concern ourselves whether our children will be working for the Chinese or that the Chinese children will be working for our children. Let meritocracy rule in the world. A meritocracy with a heart.

Also, there is a school of thought that the Chinese rise on the back of its huge cheap labor is a short-term phenomenon. All these young cheap labor will be aging before long and won't be able to work 12-14 hour days for low pay. And, these masses would need to be taken care of for their everyday living needs. And with the one-child per family policy, there won't be very many workers coming along to haul the load. Beside, as the present Chinese become more affluent, they would tend to have no children or fewer of them opt to have children. Something that has been happening in just about every European country. The birth rate in Spain, for instance, is so low that there won't be a Spain as we know it today in 25 years. Assuming that their present birthrate continues.

So, Mr. Fateh, it is good to sound the alarm. It is good that people begin to think and hopefully mend their ways. Also, keeping a hopeful-realistic perspective can help against giving up hope and succumbing to depression. 

Regard,

Bahram G

Ramin parsa

You are right. I'm to blame for trillions debt to china, it was my fault for sending the troops to Iraq to chase a ghoast(WMD). I totally screwed up with economic melt down, Berni Maddoff recived orders from me to rip people off of their livelyhood. I ecouraged the companies to outsource. I'm to blame for hundreds of families evacuating their homes because of the contaminated Chinese drywall used in their houses. For the melamin in the pet food, I am responsible for the thousands of pets death.

I almost forgot, Iam not going to blame USA and British neither, for the overthrow of Mosadeghs' regime, it was my fault.

Ramin, why don't you take a chill pill and relax, I can feel the tension and anger in your writing. Be nice to people, not everyone is as smart as you in worlds complex politics. people can learn more if they are incouraged to communicate. When you shut them down with words like " Rediculous, Pethetic " they tend to go the other way, then you may wonder, WHO ARE THESE MONSTERS BEATING ON INNOCENT PEOPLE IN STREETS.

To admin, I realy need spell checker here. thanks

China and $

Actually there is 2 issu which are not connected:

China: 

It is natural that China which is a super power make progress. What is not normal, it is they use a prisoners and children as slave to produce low prices material and creat jobless in other countries. If they provide more democratie, Chinease would live better the world would become more balanced.

Dollar:

Dollar is low to permit US governement funding Wars in Irak and Afghanistan.

Ramin Jan

you are absolutely right (as always). We have to stop blaming anyone but ourselves for the situation we are in. Be it IRR or US economy. Directly or indirectly we played a role.

I am one of your fans in all the meaningful posts that put on this site.

Hang around, you are very much needed, indeed...

Most sincerely and with all respects,

Bijan 

Pedro

Yeah, blame George Bush Sr. for China being a super power. Jesus. Who are you people? One man is the cause of the rise of this super power beast. So by that rationale, if George Bush was never born, China would be a 3rd world country.

Ridiculous.

We have got to stop blaming other people for everything. Blame, blame, blame. Whether it's Israel, China, America, the Pahlavis -- we blame everybody but ourselves.

Pathetic.

Stop Buying Chineses

Thanks to George Bush the father, China is the new supper power. Soon we all have to learn to spaek Chinese.

I normaly check the item first, if I see MADE IN CHINA, I will not buy.

Look at these pictures, Unusual way of using condoms. I just hope they are not used already. Immagine one billion people in China can only have one child, You do the math, see how much used condoms was going to waste as well as into the landfills. LOOL

//www.iranianuk.com/article.php?id=43138

Thanks Faramarz.

You may not like it

But, many of our kids are already working for the Chinese. Who do you think is selling all the Chinese products here in the US? Who is running the treasury that is virtually owned by the Chinese?

Without a doubt, americans of this generation are primarily working for the Chinese. The question is when will Europe be indebted to the Chinese the way US is?

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 Thank you for your blog. US dollars are devaluing pretty fast! It is scary!

Delaram Banafsheh (Yolanda)

"Cactus in the Desert"