DPJ's Nakagawa Says Japan Should Diversify Reserves

Everybody is nearing the exit from US $ world hegemony (my humble, not professionally qualified advice is to do the same a.s.a.p. - think about gold and/or silver):

By Keiko Ujikane and Kyoko Shimodoi

July 13 (Bloomberg) -- Japan's opposition party, leading in polls ahead of next month's election, said the nation should consider shifting its $1 trillion of foreign reserves away from the dollar and buying International Monetary Fund bonds.

"In the medium to long term, we need to do what we can to avoid the risk of currency losses or economic turbulence that could result if the dollar were to swing," Masaharu Nakagawa, the shadow finance minister in the Democratic Party of Japan, said in an interview in Tokyo on July 9. "Many countries are starting to diversify their reserves."

Japanese investors are the biggest foreign holders of Treasuries after China with $685.9 billion of the securities in April, and Finance Kaoru Yosano said last month his trust in the bonds is "unshakable." The DPJ yesterday beat the ruling Liberal Democratic Party in elections for Tokyo's city assembly, boosting its prospects ahead of national polls that Prime Minister Taro Aso today called for Aug. 30.

"The current reality of Japan's foreign-currency reserves is that their heavy weighting toward dollar assets means any fall in the dollar's value leads to valuation losses," said Susumu Kato, chief economist in Tokyo at Calyon Securities, the investment banking unit of Credit Agricole SA. "The DPJ is opposed to a foreign-currency reserve policy that is so wholly skewed to the dollar."

The yen traded at 92.39 per dollar at 2:11 p.m. in Tokyo from 92.54 late July 10. It has gained 4.3 percent this month.

'Unshakable' Trust

Nakagawa said Japan should consider purchases of new bonds issued by the International Monetary Fund that will pay an interest rate pegged to the fund's basket of currencies -- the dollar, euro, yen and pound -- and known as Special Drawing Rights. The dollar is the principal component of SDRs. The IMF said this month it would issue bonds to its 186 members for the first time.

"We should start considering that as an option," Nakagawa said. "I am not saying we should do it right away. If everyone starts doing it all of sudden, it may sway the dollar." He didn't say Japan should sell any of its dollar holdings. More...

France: Workers at bankrupt car parts supplier threaten to blow up factory if not paid compensation

Way to go, France:

AFP - Sunday 12 July 2009: Workers at a bankrupt French car parts supplier are threatening to blow up their factory unless carmakers Renault and PSA-Peugeot pay them compensation, a union official said Sunday.

The 366 employees of New Fabris in central-eastern Chatellerault, are occupying the plant to demand that the auto giants -- who accounted for 90 percent of their business -- pay 30,000 euros (42,000 dollars) to each worker.

"The gas bottles are in the factory. Everything has been planned for it to blow up," unless there is an accord by July 31, Guy Eyermann, CGT union official and secretary of the company works council, told AFP.

The Chatellerault factory is thought to house car parts worth some two million euros, as well as a new Renault machine estimated at a further two million, the union leader said.

"We are not going to let PSA and Renault wait until August or September to recover the spare parts and machines still in the factory," he warned.

"If we get nothing, they get nothing at all."

Eyermann said two coachloads of workers had visited Peugeot headquarters last week, and a similar delegation would head Thursday to visit Renault bosses and the French employment ministry to try to negotiate a settlement.

They hope to force the state to put pressure on the carmakers, which both received public funds to help them through the global downturn.

The New Fabris workers, whose employer was declared bankrupt on June 16, claim that Renault and PSA paid some 30,000 euros to 200 workers laid off from another supplier, the aluminium specialist Rencast. Read all

Jane Burgermeister Brings Criminal Charges Against Multiple Participants in the Swine Flu (H1N1) Situation

Update from Cryptogon, July 12th, 2009 :

Criminal Charges Concerning Bioterrorism Acts and Mass Murder written by Jane Burgermeister. (171 pages, PDF, 850KB)

Journalist Files Charges against WHO and UN for Bioterrorism and Intent to Commit Mass Murder by Barbara L. Minton

Interview: Science journalist files suit alleging H1N1 ‘swine flu’ a hoax to sell vaccines by Kathlyn Stone

Swine Flu Outbreak Or Bioterrorism And Intent To Commit Mass Murder? by Bill Lindner

Jane Burgermeister’s Blog (she needs help from a web designer): birdflu666.wordpress.com

Magic Dragonfly appears to be aggregating news on this situation.

the line in the sand

Quotation du jour:
"When they finally cross the line and declare martial law for what ever myriad of reasons that may or may not be orchestrated by "them," will we have descended to the final stage that brings us to shooting the bastards? Each person alive has to deal with the line in the sand that states "enough." Be it forced inoculations for the coming flu season, to gun confiscation and/or forced relocation, each person has to have a breaking point to insure they are not another victim of madmen at the helm of rogue governments mirroring times past, because to say 'it wont happen here" had to have been repeated from the lips of the millions of dead from last century, murdered at the hands of their protectors. Nothing is more disconsolate than betrayal of trust resulting in genocide....

...What I am betting is that these shadowy, evil, murdering Luciferians are sitting in their Star Chamber laughing their asses off saying, "how many more of these simple minded worthless eaters do we have to kill, ripoff and torture to push them to the revolting point so we can slaughter them wholesale? I suppose it is time to unleash the plagues and tank the markets so we can throw some starvation, disease and pestilence at them to see if that will do it. Might as well flip the switch on the electricity as well, just for shits and giggles..." Read all here