Here are some of the points Meyssan makes about Sarkozy and his government:
1. The CIA planned Sarkozy's rise to power and has influence on his government.
Bauer2. When Sarkozy became president, Alain Bauer was put in charge of the French intelligence services.
Bauer is the grandson of the Grand Rabbi of Lyon.
He is also former Grand-Master of the Grand Orient of France (a top mason).
And he is former number two at the USA National Security Agency in Europe.
Kouchner
3. Bernard Kouchner is France's Minister for Foreign Affairs.
He has ended France's pro-Arab policy.
Kouchner is of Baltic Jewish origin.
He took part in operations for Zbigniew Brzezinski in Afghanistan, alongside Osama Ben Laden.
Reportedly, the younger brother of Afghanistan's President Hamid Karzaï controls the heroin trade in Afghanistan. Reportedly, heroin is transported by the US Air Force to Kosovo. Reportedly, Haçim Thaçi distributes the drugs in Europe and America. The profits are used to finance the illegal operations of the CIA.
Karzaï and Thaçi are personal friends of Bernard Kouchner.
4. Christine Lagarde was Sarkozy's Minister of Economy and Finance.
Within Dick Cheney's Center for International & Strategic Studies, she co-chaired with Zbigniew Brzezinski a working group which supervised the privatisations in Poland. She organised lobbying for Lockheed Martin against the French aircraft manufacturer Dassault.
5. Sarkozy was offered a holiday in the USA at Wolfenboro, near President Bush's property. The bill was paid by Robert F. Agostinelli, a Zionist.
What is the Proper Supply of Money? Let's start with Simone Foxman who says
Bernanke pointed out various reasons that there's simply "not enough gold" to sustain today's global economy. First, extracting gold from the ground is a costly and uncertain endeavor. There is a limited amount of gold in the world, and it just doesn't make sense in the modern world for central or commercial banks store large amounts of gold in vaults. The size of the gold supply and inconvenience of the metal renders it too impractical to keep up with the pace of global commerce.
An increase in the money supply, then, only dilutes the effectiveness of each gold ounce; on the other hand, a fall in the supply of money raises the power of each gold ounce to do its work. We come to the startling truth that it doesn’t matter what the supply of money is. Any supply will do as well as any other supply. The free market will simply adjust by changing the purchasing power, or effectiveness of the gold-unit. There is no need to tamper with the market in order to alter the money supply that it determines.
That snip is on page 29. Inquiring minds should start reading on page 26, the beginning of the chapter The “Proper” Supply of Money.
Moreover, I would like to point out that if there was a "proper" supply of money, different than stated above, the jackasses at the Fed (and the bubbles they have blown) have without a doubt proven they sure do not know what it is.
As Russia (and numerous other countries) have proven throughout history, the very idea that a bunch of central planners sitting in a room can decide on the proper supply of virtually anything is inane. Only free markets, operating without artificial interference from clueless bureaucrats can do that.
Price Volatility
Simone Foxman continues with still more economic drivel.
Second, while advocates of the gold standard are right that prices remain stable in the long-term, "on a year to year basis, that's not true." Limited supplies of gold—or changes to the supply of gold—cause prices of goods to be volatile in the short-term, regardless of long-term price stability.
Now that's pretty interesting. Simone admits that prices under a gold standard remain stable in the long term but she, like Bernanke is worried about the short-term.
There are two errors in in that short snip. Did you catch them? The first error is prices under a gold standard are not necessarily stable in and of themselves (short or long-term). Rather prices are relatively stable under a gold standard if and only if banks do not lend out more gold than there is.
History shows that alleged problems of the "gold standard" are primarily a problem of central bank interest rate manipulations in conjunction with fractional reserve lending that allows banks to lend out more money than there is gold backing it up.
Certainly when it comes to short-term price stability, the Fed does not have a leg to stand on. The housing bubble and its collapse and the dot-com bubble and its collapse are proof enough. How anyone could miss those analogies is nearly beyond belief, but Simone Foxman managed to do it.
Inability to Open Up Credit
Foxman continues with ...
[Bernanke] pointed to a substantial tome of economic research finding that the gold standard aggravated the Great Depression, saying "the gold standard was one of the main reasons the Great Depression was so bad and so long." The inability of the Federal Reserve to control monetary policy—open up credit, address unemployment, and drive business demand—left it with much less power to avert or mitigate the decade-long crisis. Bernanke added that countries not tied to the gold standard also had a much easier time getting out of the Depression. In the modern world, he said, "we've seen that problem with various kinds of fixed exchange rates."
Bernanke Says Pigs Can Fly
In other news, Bernanke said "pigs can fly" and Foxman concluded "pigs can fly". Seriously, just because someone in authority says something, does not make it true.
Proper analysis shows the true cause of the great depression was the enormous runup in credit and money the preceded it, just as happened in the Mississippi Bubble scheme. With that in mind, it is beyond silliness to propose more credit and more money is the cure for a problem caused by too much money and too much credit.
To believe so is to believe the solution to the Mississippi Bubble would have been to print still more money in the wake of that economic collapse.
Sorry Simone Foxman, You Can't Think Independently
Foxman concludes with "Sorry, Ron Paul. We think Bernanke just destroyed your position."
I conclude Foxman cannot think on her own accord, accepting economic drivel as fact because it comes from a position of authority.
Jo Weisenthal's Drivel
Let's now turn our attention to a point-by-point rebuttal of economic drivel presented by Jo Weisenthal.
Weisenthal: To have a gold standard, you have to go dig up gold in South Africa and put it in a basement in New York. It's nonsensical.
Mish: In my rebuttal to Simone Foxman, I stated that any amount of money was sufficient. One does not need to dig up more gold to have a proper supply. However given the credit bubble and the housing bubble, it should be quite clear we had vastly more supply of paper money than needed.
Weisenthal: The gold standard ends up linking everyone's currencies.
Mish: So what? Look what happened after Nixon closed the gold window. We have had nothing but problems, temporarily masked over by printing more money until things blew sky high, culminating in bank bailouts at taxpayer expense, and those on fixed income crucified in the wake.
Bear in mind, no one needs to fix the price of gold in dollars or any other currency. Indeed that is the wrong way to do it. Rather, one dollar should represent "x" amount of gold. As long as fractional reserve lending does not come into play and banks do not lend out more money than they have gold, problems under a gold standard would be far less than they are now. History suggests the same.
By the way, nothing about "linking" stops devaluations. For example, suppose the Drachma is defined as 1 drachma is redeemable for 1/1000th of an ounce of gold. Tomorrow, nothing stops the Greek government from saying, effective immediately you can only get 1/2000th of an ounce of gold for a drachma. That is a 50% devaluation, something Greece is unable to do now, on a "Euro standard".
Weisenthal: [A gold standard] creates deflation, as William Jennings Bryan noted. The meaning of the "cross of gold" speech: Because farmers had debts fixed in gold, loss of pricing power in commodities killed them.
Mish: Hello Joe. Please tell me how many in this country would not like to see lower prices at the gas pump, lower prices on food, lower rent prices, lower prices on clothes? The fact of the matter is price deflation is a good thing. The only reason why it seems otherwise is debt in deflation is harder to pay back. That is not a problem with deflation, that is a problem of banks foolishly lending more money than can possibly be paid back. Fractional reserve lending is the culprit.
Weisenthal: The economy was far more volatile under the gold standard (all the depressions and recessions back in the pre-Fed days).
Mish: Really? On what planet? Did the collapse in the housing bubble affect your ability to reason? Except for cases like Weimar, Mississippi Bubble, and for that matter all bubbles, gold provided stability. The bubbles (and the subsequent collapses) were caused by fractional reserve lending, not the gold standard.
Weisenthal: The only way the gold standard works is if people are convinced that the central bank ONLY cares about maintaining the gold standard. The moment there's a hint of another priority (like falling unemployment) it all falls apart.
Mish: That is one of the silliest defenses of paper money I have ever seen. The fact of the matter is, the ONLY reason paper money works at all is governments mandate its use. The free market would never except as money something that can be created at will in infinite supply. The idea that gold would "fall apart" in the case of employment conditions is simply inane.
Weisenthal: Gold standards leave central banks open to speculative runs, since they usually don't hold all the gold.
Mish: In a series of weaker and weaker arguments, Weisenthal proves 100% without a doubt he does not know a damn thing about either gold or what causes bank runs.
What Causes Bank Runs?
Lending out more money than there is gold backing it up
Duration mismatch - Banks secure money for 5 years via CDs then lend the money for 30 year mortgages. The problem comes when people want their money back after 5 years and it isn't there.
Both practices are fraudulent. They are the equivalent of selling the Brooklyn Bridge without having ownership of it.
Conclusion
All of the problems allegedly caused by the gold standard are in fact properly attributed to one of the following four things:
Central banks and their inept Soviet-style central planning
Fractional reserve lending
Fed manipulation of interest rates
Government sponsored monetary printing, frequently but not always to fight absurd wars that have no justified explanation. The War in Vietnam and the War in Iraq are recent examples.
The biggest housing bubble in history happened because the Greenspan Fed held interest rates too low too long. I made that case recently in a pair of related posts:
Here is the key chart and commentary from the first link.
HPI-CPI
click on chart for sharper image
The Fed kept interest rates at historic lows between 2002 and mid-2004. The last two rate cuts by Alan Greenspan were not justified at all, by any measure, and downright absurd considering the bubble brewing in housing prices vs. rent.
Certainly the Greenspan Fed ignored (cheerleaded is a better word), the housing bubble every step of the way. Bernanke defended the housing bubble and failed to see its consequences.
The most amazing, and galling thing, is Bernanke has the nerve to preach about "price stability" in the wake of that collapse.
Bernanke: Why are we still listening to this guy?
The following video should make people think twice about listening to anything that Chairmen of the Fed Ben Bernanke says. It's a compilation of statements he made from 2005-2007 that will have your head spinning.
Please play that video. Bernanke proves over and over again he is a clueless jackass, devoid of common sense.
Finally it is important to point out it is those with first access to money that benefit from inflation. Who is that?
Banks, because they can conjure up loans out of thin air and the Fed will bail them out if they go bust
The already wealthy
Government (via tax confiscation, especially property taxes)
By the time money is readily available to any fool who wants it, it is primarily fools who want it. Once again, the housing bubble is proof enough.
Those on fixed income and those in the middle class have been hammered by Fed policies. If you are looking for a reason for the shrinking middle class, then look at the Fed.
For some reason Jo Weisenthal and Simone Foxman are not only listening to Bernanke's economic drivel, they actually believe it and are attempting to spread the word.
Mubarak contracted the debt so Mubarak should pay. Let the international banksters like IMF and WB who lent the money to Mubarak go collect it from him. Third world debt repudiation is the criminal banksters worst nightmare. Argentina did it successfully in the 90 and now there are Egypt, Pakistan Philippians even India is a possible candidate for debt repudiation
The Popular Campaign to Drop Egypt’s Debts
8 November 2011 by Popular Campaign to Drop Egypt’s Debt The Popular Campaign to Drop Egypt’s Debts has the honour to announce the formation of a joint Egyptian-Tunisian committee for the Dropping of Debts in coordination with the campaign in Tunisia. The Campaign to Drop Tunisia’s Debt aims at auditing and dropping the debts of the dictator Bin Ali and was launched in the aftermath of the Tunisian revolution. This coordination between two popular Arab movements is a practical translation of the achievements of the Arab Spring.
SeparaCampaign to repudiate Egyptian debt
The joint committee shall work on the exchange of experience in the reviewing and auditing of debts; coordinating the two campaigns’ activities and organising relations globally. Such cooperation aims to cause the dropping of all odious, illegitimate external debts; which were amassed with foreign governments and international financial institutions by the corrupt regimes of Hosni Mubarak and Zine Al-Abidine Bin Ali.
Founding Statement
The Popular Campaign to Drop Egypt’s Debts was conceived as part of the January 25th Revolution, and affirms the right of the Egyptian people to assert collective control over all matters related to their life and the future of coming generations. This is a popular movement that aims to facilitate Egypt’s economic independence from the many forms of exploitation, subordination and resource misappropriation that were imposed upon the people of Egypt during the past decades by the regime of the ousted dictator Hosni Mubarak and his collaborators abroad.
The economic policies applied by Mubarak’s regime have left us with enormous internal and external debts. The regime borrowed extensively in order to pay off its debt premiums and interest. Real solutions would have entailed searching for alternative mechanisms to finance government expenditure – such as wealth and income taxes – towards the goal of creating a more just economy.
But instead of seeking ways to address the structural issues at stake, policymakers attempted to sustain a failing economic model by borrowing both internally and externally. The resulting debts have left the Egyptian people captive to lending countries and institutions.
SeparaIMF worst fear is third world debt repudiation.
The interest on these debts represents one of the biggest items of public expenditure in Egypt; this means that significant amounts of money are channeled towards already-wealthy financial institutions rather than toward guaranteeing that every Egyptian can achieve a dignified standard of life.
Decisions about the basic principles of the Egyptian economy have, for too long, been restricted to a select group of experts. It is time that the people reclaim the fundamental right to participate in determining their country’s economic priorities, for they are the first to be affected by economic policies and presently bear the burden of paying from their very own pockets for the mistakes of the previous regime. The transfer of power over economic policy from elites to the people must be an integral part of the democratic transformation in Egypt.
In the light of all these reasons, a group of civil society organizations and individual Egyptians concerned with the public good and with the future of social justice in the country have decided to launch a public campaign to pressure lending countries and institutions, both locally and internationally to drop Egypt’s debts.
The campaign demands that:
1) All loan agreements signed during Mubarak’s rule must be reviewed by an independent Egyptian commission that will evaluate the use of the loans and the degree to which the Egyptian people benefited from them. All debts that are determined to be illegitimate must then be dropped by the lending country/institution.
2) As a general rule, the campaign disapproves of debt swap mechanisms. Debt swaps create new debt burdens, whose legality and benefit are not checked by the people. In cases where debt swaps are used instead of audit and cancellation, the campaign adopts the following stands:
Debt agreements should be reviewed to determine the legitimacy of the swapped debts.
The conditions of debt swap should be discussed in a manner that guarantees integrity and transparency in the decision-making process.
3) Although the campaign does not approve of resorting to debts as a quick fix option, in case of any future loan agreements the campaign demands that:
All contracts and conditions be subject to popular participation and discussion in a manner that guarantees transparency and accountability. The legislature implements freedom of information laws that require full public disclosure of all contracts and other information related to loans and debts, with no exclusions save what is stated by law.
It gives us great honor to invite members of the Egyptian public and civil society organizations to join the Popular Campaign to Drop Egypt’s Debts. We invite you to support the Campaign’s agenda in order to preserve the gains of the Egyptian Revolution that enable the economy to be built in accordance with the will of the people, free of pressures imposed by economic colonization and the organized plunder of public money through debts.
Sarkozy
Bauer2. When Sarkozy became president, Alain Bauer was put in charge of the French intelligence services.
Kouchner
"Mohamed Merah" One witness described the killer as "quite fat" and having a tattoo or scar on his face. (BBC News )w 
