To Fareed Zakaria at CNN___The World’s Last One-Hundred Years, Most Important Event

I'm republishing this post of June 23, 2008, as I feel it's so important to be thoroughly understood:

(New June 29) The World Finance Crisis & the American Mission, By Robert Skidelsky

To Fareed Zakaria at CNN___The World’s Last One-Hundred Years, Most Important Event

Hi Fareed, thanks for the program, it’s great___Keep up the fine work… As to your question; “What’s the world’s last one-hundred years, most important event?” That, transactions’ mathematically factually, would definitely be Nixon’s `71 and `73 decisions to end the gold std. and the Bretton Woods system, and replace them with the longest era of currency tariff manipulations of nations’ trading systems, the world has ever known___Almost all the world’s excess off-shoring, excess arbitraging, hedging and speculation, is controlled by this one famous inane, freely-floating exchange’s, decision era. This has evolved into the system of extreme currency tariffs and subsidies, of between 400% and 800% actual ppp(actual purchasing price parity, and not the false purchasing power parity) exchange rate differences, between the developed world and the under-developed world, especially when Japan’s over-valued, and the BRIC’s(Brazil, Russia, India, China), and satellites, under-valued currency tariffs and subsidies are considered, at the extremes. The extreme economic senility, of trillions of dollars, of capitalist system costs added, by this “Kabuki Shadow Banking” mafia-capitalism’s imbalanced system, hasn’t been seen since China and Japan, some 600 and 400 years ago had such imbalanced currency systems’ standards, with China at 10 to 1, and Japan at 6 to 1, silver to gold ratios, when the West was at 14.5/15 to 1. History clearly records the devastating results of these collapses, when just semi-free, yet vastly imbalanced currency systems’, trade was first, large scale, tried, between the East and West. It wasn’t pretty…

Extremely imbalanced currencies, ARE, Extremely High Trade Tariffs, and opposite direction Trade Subsidies…!

The world can handle 10% and 20% imbalanced currencies. It can not handle 400% to 800% true PPP Currency Imbalances. The Derivatives $596(now $592, down from a high of $684) trillion markets(now fast expanding, notional transactions turnover trading value, per year___BIS numbers) simply put far too much financial pressure on Capitalism’s Aggregate System Operations’ Costs, as is now being clearly witnessed in our financial markets…

Unless we take down the extreme global currency tariffs and subsidies systems, by instituting a new “International Financial Architecture” re-balancing system, of sliding time scaled, self-balancing laws, capitalism is mathematically transactions guaranteed, to fully collapse, with all the system and currency raiding, taking place, by none other than Nixon’s, originating and now fully grown, Corporate Currency Raiding Mafia-Economists & Co... The show continues…

Dr. Paul Einzig’s complete works, some 65 books, verify the above facts, along with hundreds of other historical financial economists’ books and facts …

It’s time for America to awake…

Lloyd Gillespie
(a polymath, autodidact economist)

p.s.
As you'll have noticed, I wrote this warning before the Sept. collapse...