RUSSIANS ANTICIPATE DOLLAR AND BUSH CRASH
Devvy Kidd
August 2, 2001
I received the piece below by Rachel Douglas from Dr. Edwin Vieira and obtained his permision to post to this site. For those of you
who don't know Dr. Vieira, he's probably the smartest man in this country on the money issue, hands down. If you'd like to read some
of his material, go to:
http://www.devvy.com/money0.html
http://www.devvy.com/newbook_20000710.html
Dr. Vieira had this to say about the article below:
A Real life CrashMaker:
"The attachment describes present-day events in Russia that are an exact parallel of the Russian sub-plot in CRA$HMAKER. As
CRA$HMAKER was first copyrighted in October, 1998 (and actually written well before that), it turns out to be quite a prophecy. Now,
if only events here would shape up..."
* * *
This article appears in the July 27, 2001 issue of Executive Intelligence Review
Note: This information is also available elsewhere.
Russians Anticipate Dollar and Bush Crash
by Rachel Douglas
"Russia is getting ready for the dollar to crash. Preparedness measures have moved from the realm of published warnings, to concrete
actions, such as the Central Bank's decision to put the gold chervonets coin into circulation. The short-term purpose of that move
is to attract Russians' savings out of the dollar, and into the Russian chervonets, in a country where $100 billion or more is held
in cash (U.S. Federal Reserve Notes). Beyond that result, the Russian currency shift could become a stepping stone to more profound
changes in international monetary policyas nations seek safety from the disintegration of the Anglo-American-centered world
financial system. ...
Note: last week a prediction was made that the dollar crash would begin in earnest on August 19th, 2001. It is foolish to attempt to
time the market, though this particular announcement could become a self-fulfilling prophecy.
'Better than Bathroom Wallpaper It was the outspoken economist Tatyana Koryagina, who suggested in her testimony to Sergei Glazyev's
State Duma hearings on June 29 (EIR, July 6 and 20) that holders of dollars will soon be able to use them for nothing but
wallpapering their toilet stalls.
Note: Probably a reference to Lenin's declaration (similar to Hitler's and FDR's) that Communists would use gold for their bathroom
fixtures.
"She was interviewed by the newspaper Pravda on July 12, about her forecasts of a mid-August blow-out of the entire world financial
system, the U.S. economy and the dollar first and foremost. Koryagina's forecast of an August U.S.-centered financial breakdown is
clearly being debated throughout Russia: July 16 saw press conferences by Economics Minister German Gref to claim that no financial
breakdown is threatening Russia; and by Duma markets committee chairman Andrei Shokhin to say that American authorities were taking
steps to prevent what Koryagina and LaRouche [and many others]forecast. "
Note: for example-
"The U.S. Reserve Assets report now excludes all reference to the ESF, and previous reports already published have been changed. Not
only were the figures adjusted, but all reference to the ESF has been eliminated. Reg Howe posted to his website:
(http://www.goldensextant.com/commentary18.html#anchor12493)
an excellent article addressing this change, and says: "The figures could not be changed without a change in description, proof that
the earlier discrepancies were indeed on account of gold held by the ESF." Indeed.
"The Federal Reserve stopped mentioning the ESF in these reports in February. I guess the January 2001 report was already being
prepared when my December article appeared, so it was too late to change that report. Thus the U.S. Treasury has enlisted the
Federal Reserve as its partner in crime, as it is after all the Federal Reserve that prepares these reports. And what is that crime?
"Without any explanation to anyone (including Congress to my knowledge), the U.S. Treasury has taken steps that can be of no other
purpose and have no other intent but to hide the truth. The ESF has been erased out of the U.S. Reserve Assets report as if it never
previously existed. Thus, these new reports being prepared by the Federal Reserve (and up to now they had probably been prepared
this same way, since the ESF was formed in 1934) ensure that the American public will no longer see this gold-related activity by
the ESF.
"As I write this, I shake my head in disbelief. All I can think of are those old photographs showing sclerotic Soviet despots
standing on the parapets of the Kremlin, which would somehow miraculously and inexplicably change over the years depending on who
fell out of favor. Having had their erstwhile colleagues air-brushed out of those old photographs as well as Soviet history books,
those despots who survived the purge acted as if the truth never existed. Are our Treasury officials no better than that with their
apparent reckless disregard for the truth, air- brushing the ESF out of the Federal Reserve reports? Before you answer that question
consider also another recent damning action by the Treasury.
"This past April I wrote (Letter No. 283, "Behind Closed Doors") about the Treasury's unexplained reclassification of that part of
the U.S. Gold Reserve in the Treasury depository at West Point as "Custodial Gold." Using minutes of the Federal Open Market
Committee of the Federal Reserve -- actually, very revealing minutes referring to "gold swaps" that apparently were inadvertently
not redacted before being made public -- and by other corroborating evidence, I suggested that the term "Custodial Gold" meant that
this part of the U.S. Gold Reserve had been swapped with gold owned by the Bundesbank.
"My assertion provoked controversy but no denial from the Treasury. Alarmingly, not only was the Treasury silent to me, its critics,
and others searching for the truth, the Treasury was apparently also silent to Congress. But recently, the Treasury has "spoken."
"Last month all of the U.S. Gold Reserve was reclassified. None of the gold stored at West Point, Fort Knox, and the other
depositories is called US Gold Reserve or even Custodial Gold. All of it is now labeled as "Deep Storage Gold." This action raises a
lot of serious questions."
Mr. Howe's lawsuit against the Fed, Greenspan, Summers, BIS, etc. is supposed to go to discovery on October 9th, 2001, three days
before Mr. Summers becomes presdent of Harvard. This entire affair has been an exemplary use of the internet to root out crimes of
the state.
August 15th, 2001 was the 30th anniversary of Nixon's closing the gold window- making the US dollar irredeemable in gold and
ushering in the era of pure fiat-currency regimes. Any 30 year T-bonds denominated in gold have now expired, removing one of the
requirements for "someone large buying" to hold the gold price down. The dollar took a nasty hit that day-
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=d6&w=1&t=f&a=5
At any rate, what is of more interest going forward is the nature and structure of the post-dollar-reserve world. Some events are
easy to see coming- the next leg of the global stock market crash, which may already be in progress-
http://quote.yahoo.com/m2?u
the collapse of various other currenceis e.g. Argentina, Brazil now playing, the reduction in global trade and concurrent global
recession/depression, and of course the US (hyper)inflation.
-- Forrest Bishop Chairman, Institute of Atomic-Scale Engineering www.iase.cc
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