MUST READ: STRUCTURAL CHANGES - DESTRUCTION OF THE U.S. DOLLAR

Structural Changes – Destruction Of The U.S. Dollar
David J. Jonsson - 4/3/2006

In an editorial by Jennifer Hughes in the Financial Times on March 19, 2006, she commented: Is it time to dust off the dreaded “e” word—that is exuberance? The word entered the market lexicon on December 6, 1996, when Alan Greenspan asked: “How do we know when irrational exuberance has unduly escalated asset values?” The good news is cyclical and bad news is structural. Have we reached the point where the structural changes affecting the Dollar will have a long-term impact and hence the U.S. economy and the creation of a New World Order? The good news is that the cyclical upturn is continuing—at least for the time being. When they do turn and we dwell on the bad news and structural changes, they are bigger than they have ever been. Structural changes are not news and they take longer to work their way through the economy, but they are highly significant.

Contents
- Uniting of Islamic Interests for Economic Gain
- HRH Prince Alwaleed bin Talal on Economic Impact - Structural Changes
- Factors Destabilizing the Dollar
- The Future of Oil Trading in Euro
- Creation of the Iranian Oil Bourse
- Economic Indicators to Consider
- Anxieties on the Dollar
- The Growing Burden of U.S. Financing
- The Role of Net Capital Inflows
- Increasing Exports and Reducing Imports The Real Estate Bubble?
- The China Impact
- Potential Conflict With Iran
- The China Issue
- Ideology Trumps Economics and Military Strength.
- Conclusion

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Conclusion

The long-term goal of the Leftist/Marxist – Islamist Alliance is world domination. The control of the economic, political, energy and transportation infrastructure is a key element in accomplishing this goal. The replacement of the Dollar as the reserve currency is a critical element.

Economics and energy policy must be a part of the U.S. foreign policy going forward. Military strength is necessary and will contribute to but will not be sufficient for the future security of the U.S. and the West. Domestic policy is linked to our security. Fighting terrorism, spreading democracy and attention to the Middle East are important but the economic and energy issues must be addressed domestically and worldwide and this also means in Latin America. Europe recognized the importance of energy security and is doing something about it. The U.S. needs to do likewise.

Recognizing the importance of energy to security, on Tuesday, on March 21, 2006 European Union president challenged the 25-nation bloc's leaders to lay the foundations for a new era of cooperation on energy policy at an economic summit this week. Austrian Chancellor Wolfgang Schuessel urged the bloc to develop a policy, which ensured security of supply, environmental sustainability and the conditions for a competitive energy market. Energy security has shot up the list of world leaders' priorities following the gas disruptions in Europe, soaring oil prices, attacks on oil installations in Nigeria and tensions over Iran's nuclear ambitions.

The European Commission proposed this month that the bloc should adopt a common external energy policy, new rules for storing gas and oil and action to boost energy efficiency.

David J. Jonsson is the author of Clash of Ideologies —The Making of the Christian and Islamic Worlds, Xulon Press 2005. His next book: Islamic Economics and the Final Jihad: The Muslim Brotherhood to the Leftist/Marxist - Islamist Alliance will we released in spring 2006. He received his undergraduate and graduate degrees in physics. He worked for major corporations in the United States and Japan and with multilateral agencies that brought him to more that fifteen countries with significant or majority populations who are Muslim. These exposures provided insight into the basic tenants of Islam as a political, economic and religious system. He became proficient in Islamic law (Shariah) through contract negotiation and personal encounter, and presently writes on the subject for the Global Politician.



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