[prez_usa_exile] SPECIAL: A Life in the Day 1/24/7
prez_usa_exile
Free Americans Reaching Out to Amerika's
Huddled Masses Yearning to Breathe Free
Via <pr...@usa-exile.org>
January 24, 2007
Dear Friends and Colleagues,
It's encouraging to learn from this first piece below that these
geeks meeting in Switzerland now have a major interest in "how to make
going green profitable".
This may open things up a bit for the New Energy Truth Movement
(NETM). After all, there's big so-called money to be made from modes
like Zero Point, Cold Fusion, etc. But the difficulty will be that
the geeks want to encourage only those modes which are centralized and
thus cause vast dependence on themselves, resulting in serf-like
obedience to them.
They emphatically don't want people to have all the energy
they'll ever need tucked into a small carrying case totally
independent of the grid system--which of course is the promise of Zero
Point. The degree of self-confidence which this would engender is
quite threatening to them. So the greed system is intimately linked
with the grid system.
Would a brighter-than-average geek like George Soros be willing
to make scads of money within a context that leads to
decentralization? He's worth a try, but my hunch is that even he will
be made a bit too nervous about the prospect of an independent
citizenry. He'd be worried about what might happen to the general
"investment climate" if folks had a lot of confidence in themselves.
He'd be right to worry too. If folks had a lot of confidence in
themselves, they'd start a "transition of prime human attention from
objects to states of mind", which in turn of course would lead to an
extremely poor general investment climate.
+ + + + +
One of the things pimp/whore BBC omits in the second piece below
is that the greaseball US ambassador walked out of the Bolivian
Congress Monday immediately after Evo called for equal relations
between Bolivia and North America. Can you believe it? What's wrong
with equality? What Evo said specifically was that since Bolivians
need visas to visit North America, North Americans henceforth need
visas to visit Bolivia. The ambassadorial greaseball was so incensed
by this notion that "turn-about is fair play" that he stomped out!
Can you believe it?
It's not hard to believe, though, if we remember that he (Phillip
Goldberg) was appointed ambassador last October because he was
regarded by the Bush Junta as their most efficient guy at destroying
nation-states, at stomping on them so hard that they shatter into
necroregions. He smashed socialist Yugoslavia into capitalist
necroregions because Big Oil wanted to run a pipeline through that
part of the world within "secure circumstances".
So my sense is that the ambassador knew that he was going to walk
out before he knew anything at all about the contents of the speech.
On arriving at Congress he'd be handed a copy of the speech and he'd
skim it looking for the best "opening" for a walk-out. That Evo's
mild-mannered call for equality was his best opening is a sign of just
how friendly Evo's speech was.
The greaseball's goal was to provide maximum encouragement for
the bunch of excessively rich, extreme-right-wing Catholic fanatics
whose youths form brownshirt gangs to beat up indigenous people (after
replacing their sustainable system of agriculture centuries ago with
one that is doomed!) in the streets of Santa Cruz, the Bolivian
equivalent of Dallas or Miami. These fanatics are determined to use
whatever force is necessary to create necroregions (their insurrection
is called Autonomia) so they won't have to share any of their obscene
profits from natural gas and other transnational corporate hustles.
They don't want any of their excess money to trickle down to people
who through no fault of their own are hungry or sick and have no money
at all.
Federico Fuentes summarizes their scam this way: "The plan has
been to confuse the population, projecting an image of instability
domestically and internationally, coupled with calls for
'international intervention' and stalling, by any means necessary, the
'Democratic and Cultural Revolution' initiated by the massive election
victory of Evo Morales in December 2005". The US has around 40,000
troops just over the border in Paraguay. The Autonomistas may choose
to murder one of their own top leaders so they can blame it on Evo and
provide the Amerikkkans with a seeming excuse to invade.
Yeah, the pimp/whore BBC doesn't want you to know about the
greaseball's walk-out because they don't want you to know that this is
one of the ways taxpayers' money is spent within the Anglo-Israeli-US
Axis. The greaseball was bloody paid to do that!!!
Another thing which the pimp/whore Fourth Reich media don't want
you to know is that in Bolivia the Catholic church is still so
powerful that it can get away with designating its school system as a
public--not a parochial!--one. In the lying BBC piece we are told
that "Mr Patzi had come under heavy criticism from the Roman Catholic
Church after proposing that religious education classes be replaced
with language classes in Bolivia's native tongues" but what actually
happened is that he proposed that Catholic education classes become
religious education classes to include Catholicism but no longer to be
solely so. The sinister archbishop in Santa Cruz responded to this by
saying Patzi was "trying to destroy the Church".
Yours for a transfer of prime human attention
from objects to states of mind,
Keith Lampe, Ro-Non-So-Te,
Ponderosa Pine
Transition Prez
PS: By the way, there is still so much male chauvinism in
Bolivia that in my particular Catholic-slave village the announcement
of time and place for this year's school registration is addressed not
to the children's parents but rather only to their fathers! Of course
there's a lot of link and overlap between male chauvinism and the
Catholic church.
-----------------------------------------------------------------------------------------
Global Warming Key Issue at
Davos
POSTED: 0835 GMT (1635 HKT), January 24, 2007
DAVOS, Switzerland (AP) -- Concerns about global warming and resolving
the seemingly endless tensions in the Middle East are set to dominate
the agenda of the World Economic Forum's annual meeting this week,
with a lack of snow in the tiny mountain community a stark reminder of
the warm weather.
About 2,500 business and political leaders -- including musicians and
social activists Bono and Peter Gabriel -- begin meeting Wednesday for
the annual meeting of the minds to talk politics, economics and social
issues in an atmosphere aimed at finding long-term solutions instead
of quick fixes.
Global warming and security are the two dominant issues, according to
the Forum's organizers, and the lack of thick snow was a firm reminder
that climate change is a hot topic.
"We are getting huge demand from our members to place climate change
and issues of environmental security at the very heart of the program
of the World Economic Forum," said Dominic Waughray, head of
environmental initiatives for the WEF.
"The Forum has already been instrumental in getting business voices
heard at the very center of global decision-making on climate change,
but the program at this year's annual meeting shows just how crucial
business leaders believe these issues are and just how serious they
are in finding real solutions in partnership with governments and
leading NGOs."
There will be 17 sessions focusing on climate change, featuring topics
to help companies and governments navigate the legalities of
implementing policy changes aimed at curbing emissions and pollution
and how to make going green profitable.
Among the people scheduled to talk include U.S. Sen. John McCain, a
likely candidate for the Republican presidential nomination; Zhang
Xiaoqiang, vice chairman of China's National Development and Reform
Commission; and Montek Ahluwalia, deputy chairman of India's planning
commission.
A survey of participants by pollster Gallup International found that
twice the number of attendees from last year thought that
environmental protection should be a priority for world leaders.
German Chancellor Angela Merkel, whose country is president of the
European Union and the Group of Eight, has said she would focus on
climate change in her address.
British Prime Minister Tony Blair told the Forum on its Web site that
"talks between leaders could help outline elements of a future
post-Kyoto climate framework that could then be agreed at the German
G8" meeting in June.
Blair, who raised the issue at Davos in 2005, is expected to focus on
it again.
The meeting is also to focus on securing global energy supplies,
including the development of more alternative fuels, particularly in
light of oil prices that surged in 2006 before settling in recent
weeks, supply disruptions from Russia and attacks on oil pipelines in
Iraq and Nigeria.
Another key issue is the ongoing conflict between Israel and the
Palestinians and securing the future of Iraq. Israeli Foreign Minister
Tzipi Livni and Palestinian President Mahmoud Abbas are among those
attending the event, while Jordanian King Abdullah II will speak about
the future of the Middle East.
Lebanese Prime Minister Fuad Saniora will talk about how his country
is emerging from last summer's fighting between Israel and Hezbollah.
Iraqi Vice President Adil Abdul-Mahdi, Sunni Vice President Tariq al
Hashimi and Iraqi Deputy Prime Minister Barham Saleh are scheduled to
talk about the challenges facing their country and whether the divide
between Sunnis and Shiites can be bridged in a bid to avoid further
bloodshed.
Security was tight around the city, with Swiss police, the military
and private contractors cordoning off access to the Congress Center,
the meeting's main venue.
Protests, by people critical of globalization and who claim that
corporate and big business favors profits over people, are expected to
be minimal. Critics have planned an action day for Jan. 27 in Davos
and a national demonstration in the city of Basel the same day.
Over the weekend, hundreds gathered in different Swiss cities to
demonstrate against the World Economic Forum with 300 rallying in St.
Gallen, 200 in Zurich and around 100 in Delsberg.
=================================================================
Last Updated: Wednesday, 24 January 2007, 04:40 GMT
Morales Reshapes Bolivia Cabinet
President Morales marked a year in office on Monday
Bolivian President Evo Morales has replaced seven out of 16 ministers
of his cabinet - a day after celebrating his first year in office.
Among those sacked was Education Minister Felix Patzi whose reform
plans had provoked criticism from the Roman Catholic church and
education workers.
Interior Minister Alicia Munoz was also removed after coming under
pressure for failing to curb social unrest.
Mr Morales said the changes were needed to respond to Bolivia's problems.
Mr Patzi had come under heavy criticism from the Roman Catholic
Church after proposing that religious education classes be replaced
with language classes in Bolivia's native tongues.
The former minister had also planned to make it compulsory for all
government employees to speak at least one native language if they
wanted to keep their jobs.
Ms Munoz was replaced as the interior minister after the opposition
had accused her of failing to stem social unrest in the country.
Other cabinet members who lost their jobs were the ministers of
justice, economy, labour, rural development and public works.
On Monday, President Morales promised further radical measures to
alleviate poverty by redistributing wealth in South America's poorest
country.
He pledged to raise taxes on foreign mining firms and re-distribute
20% of Bolivia's land to poor peasant farmers.
=======================================================================================
NOTE: In addition to Stephanie's link below, there's a real
post-State-of-the-Union photo bonanza awaiting folks at:
http://www.flyingsnail.com/Dahbud/Balzac/index.html . -- kl, pp
From: "Stephanie Sutton" <ssu...@phisciences.com>
Date: January 23, 2007 10:52:55 PM EST
To: "Stephanie Sutton" <ssu...@phisciences.com>
Subject: GWB cracks us up again.........
Let us not tire..nor grow weary of the Bush Bloopersespecially
after the State of the Union address!
http://video.google.com/videoplay?docid=-5151769824601415272
========================================================================================================================================
From: Rick Davis <rda...@yin.or.jp>
Date: January 23, 2007 9:22:46 PM EST
Subject: Thanks to George, America is broke
http://articles.moneycentral.msn.com/Investing/JubaksJournal/StateOfTheNationBroke.aspx?page=all
=========================================================================================================================================
From: "Isabelle Delforge" <idel...@viacampesina.org>
Date: January 24, 2007 3:48:47 PM EST
To: "WTO-INTL" <WTO-...@LISTSERVER.CITIZEN.ORG>, "Via Info Eng"
<ViaCampesina...@yahoogroups.com>
Subject: [ViaCampesina-info-english] Land reform efforts in SA and
Zimbabwe slated at global forum
http://www.thestar.co.za/index.php?fArticleId=3642232
Land Reform Efforts in SA and
Zimbabwe Slated at Global Forum
January 24, 2007 Edition 1
Christelle Terreblanche
Nairobi - South Africa and Zimbabwe's land reform programmes have come
under attack at the World Social Forum here, where a Global Campaign
for Agrarian Reform was launched.
Activists gathering at the annual leftist world forum said yesterday
the market-based land reform policies adopted by the South African
government meant that many poor people were not yet free to access
livelihoods and that more-radical reforms were necessary. African
landless movements were urged by their South American counterparts to
follow their successful "attacks" on those who resisted land reform.
The comments arose as a number of grassroots organisations from
across the globe launched the Global Campaign at a two-day WSF
workshop on food security and "food sovereignty".
The seminar was among more than a thousand events staged at the
annual WSF, set up in 2001 in Brazil, to protest over what activists
call the anti-poor economic strategies that emerge from the World
Economic Forum. This is held every January in Davos, Switzerland, and
is attended by the rich multinational companies and finance ministers.
This year's WEF was due to start today and will be attended by
President Thabo Mbeki.
Food, land and water security was high on this year's WSF agenda,
held for the first time in its entirety in Africa.
Through the global campaign, African and Asian activists yesterday
linked their struggles for food security with La Via Campesina, a
South American social movement that has had considerable success with
pressing governments to fast-track land and agrarian reform.
It claims to have the backing of new leftist Bolivian President Evo
Morales and his Venezuelan counterpart, Hugo Chavez. Both are
proponents of radical land reform.
"In the past two decades we have seen in Southern Africa a massive
struggle that embroiled the entire region. Today we find that the
situation has not changed for rural people," said Mercia Andrews, Cape
Town-based activist of the Trust for Community Outreach and Education
(TCOE).
"The vast majority remain landless. Those who have land continue to
struggle to make a living. Despite (President Robert) Mugabe, little
has changed in Zimbabwe for small farmers. In South Africa, the
government has no food sovereignty policy.
"Food sovereignty" is a new concept referring to small farmers'
ability to control their land, seeds, water and other means of
production in the face of efforts by multinational companies to
control it.
Eastern Cape TCOE member Mthumthum Bozo said he had not seen any
agrarian reform and that he could not plough his fields because of a
lack of fencing and equipment.
"We have land. We cannot use it," he told The Star. "We have not
ploughed since 2001." He said appeals for help to the provincial
government and municipality had been in vain.
The international co-ordinator of Via Campesina ("the peasant way"),
Rafael Alegria, said the global campaign was born out of the
multi-nationals' increased efforts to control all farming and the
trade in production through the World Trade Organisation, "the mother
organisation of capitalism".
He said the main focus of the campaign was to help those struggling
for land, such as landless people's movements worldwide; to make it
heard in international forums such as the UN Food and Agriculture
Organisation; and "to attack organisations such as the World Bank,
which has this insane idea that the poor should access land through
the market".
In many South American countries, the Via Campesina is moving "from
resistance to power. History has showed that real agrarian reform is
not possible without the political will to break the strong links to
the (undemocratic) past," said Alegria.
"Now we have governments in Latin America who are no longer talking
agrarian reform but agrarian revolution. We have basically changed the
map to be much more favourable for food security."
He added that in order to win the struggles worldwide, alliances must
be build with other sectors such as unions, NGOs and churches, and
that governments should be forced to participate.
_________________________________
Isabelle Delforge
Communication assistant - La Via Campesina
International Operative Secretariat
Office: + 62-217991890
Mobile: +62-81513224565
Home: +62-217946029
Website :http://www.viacampesina.org
Jln. Mampang Prapatan XIV No. 5
Jakarta Selatan 12790 - Indonesia
=========================================================================================================================================._,_
From: "The Cat's Dream" <in...@thecatsdream.com>
Date: January 23, 2007 1:19:14 PM EST
Subject: Action Alert: Google the Censor
Dear friends,
Please, help circulate the following action alert; forward, post,
publish, etc.
Action Alert: Google the Censor
http://www.thecatsdream.com/blog/2007/01/action-alert-google-censor.htm
Thank you
Best wishes,
Gabriele Zamparini
(*) Gabriele Zamparini is a writer, filmmaker and activist at
http://thecatsdream.com
=========================================================================================================================================
Guantanamo: US Prison Is 'Threat' to Geneva Treaties
Global Research, January 23, 2007
The Scotesman
US prison is 'threat' to Geneva treaties
BRIAN BRADY WESTMINSTER EDITOR The Scotesman
THE United States is undermining international law by unilaterally
rejecting demands to grant detainees at the Guantanamo Bay prison camp
protection against mistreatment and torture, an influential committee
of British MPs has warned.
The Foreign Affairs Committee claims the US is threatening the future
of the Geneva Conventions by refusing to recognise the terror suspects
interned at the camp as "military combatants" and give them the rights
due under the international agreements.
The all-party group issued the warning as part of a critical verdict
on conditions after a groundbreaking visit to Guantanamo Bay last
September.
They added their weight to claims that suspected terrorists interned
at the camp have been subjected to physical and mental abuse amounting
to torture by their American captors.
In a wide-ranging report on the controversial facility published
today, the committee also complained about substandard facilities at
Guantanamo, including limited access to lawyers, education and exercise.
The panel, who were granted a level of access previously reserved for
members of the US Congress, said detainees have "almost certainly"
been abused at the prison, and urged the UK government to encourage
the US to improve treatment.
But they accepted that many detainees "present a real threat to public
safety".
The report urged the UK government to take immediate action to protect
the Geneva Conventions, which have governed the treatment of enemy
combatants for almost 150 years.
Disclaimer: The views expressed in this article are the sole
responsibility of the author and do not necessarily reflect those of
the Centre for Research on Globalization.
To become a Member of Global Research
The CRG grants permission to cross-post original Global Research
articles on community internet sites as long as the text & title are
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For media inquiries: crge...@yahoo.com
) Copyright , The Scotesman , 2007
The url address of this article is:
www.globalresearch.ca/index.php?context=viewArticle&code=20070123&articleId=4556
========================================================================================================================
From: Henri <henrit...@gci.net>
Date: January 23, 2007 11:29:24 PM EST
Subject: World faces megafire threat - expert
World Faces Megafire Threat - Expert
By Rob Taylor
January 19, 2007 01:35pm
Article from: Reuters
http://www.news.com.au/story/0,23599,21084408-1702,00.html
THEY burn like fire hurricanes on fronts stretching sometimes
thousands of kilometres and with a ferocity that explodes trees and
makes them impossible to extinguish short of rain or divine intervention.
Bushfires like those that had raged through Australia's southeast for
two months and struck Europe, Canada and the western US in 2003 were a
new type of "megafire" not seen until recently, a top Australian fire
expert said today.
"They basically burn until there is a substantial break in the
weather, or they hit a coastline," Kevin O'Loughlin, chief executive
of Australia's government-backed Bushfire Cooperative Research Centre,
said.
"These fires can't be controlled by any suppression resources that we
have available anywhere in the world."
Wildfires have struck five of Australia's six states since November,
blackening more than 1.2 million ha of bushland, killing two people
and gutting dozens of homes.
An army of 15,000 volunteers is being assisted by firefighters from
Canada and New Zealand, with more teams from the US expected to arrive
next week.
Mr O'Loughlin said international experience pointed to megafires
becoming usual in many parts of the world, driven in part by global
warming and by laws protecting national parks, which provided a source
of fuel to megafire fronts.
Huge fires devastated large parts of Portugal, Spain and France in
2003, and also struck Canada and the US as well as Australia, which is
the world's most fire-prone country.
"Even in the US, which has quite substantial suppression resources -
helicopters, the army, fleets of planes - they still cannot control
them," Mr O'Loughlin said.
Megafires are created when separate fires link and create one
"super-front". Some of Australia's fires this summer have borders
stretching thousands of kilometres, although authorities have been
fortunate in that most have been in remote mountain ranges.
The fires are so fierce they create their own weather and winds,
sucking in air from all directions.
"Once you get to a certain size the fire takes on a life of its own
and, for example in Canberra in 2003, you got fire tornadoes," Mr
O'Loughlin said, referring to blazes which swallowed entire suburbs in
Australia's capital four years ago.
To tackle megafires amid global warming, governments worldwide might
have to consider unlocking protected parklands and rejecting
environmentalist arguments against intentionally burning dry timber
littering the forest floor, he said.
Climate change was also playing a part, reducing seasonal rains in
some areas and drying out forests.
"The forests now form a major fire hazard. In the US they are
starting to reintroduce fire to forested areas, but that is a very
sensitive topic and you need to bring people along, especially parts
of the conservation movement," Mr O'Loughlin said.
Experts from Australia and around the world will gather in Canberra
on February 27 to consider how to tackle megafires.
"It's to do with land management, water resources, forestry
resources, and it will require political decisions to be made," Mr
O'Loughlin said.
=======================================================================================
From: Henri <henrit...@gci.net>
Date: January 23, 2007 2:08:49 PM EST
Subject: OPEC Dumps $10.1 Billion of Treasuries as Oil Tumbles
OPEC Dumps $10.1 Billion of Treasuries as Oil Tumbles
(Update2)
http://www.bloomberg.com/apps/news?pid=20601009&sid=aqnC4ssoiBFc&refer=bond
By Bo Nielsen and Daniel Kruger
Jan. 22 (Bloomberg) -- OPEC nations are unloading Treasuries at the
fastest pace in more than three years as crude oil prices tumble,
sending bond yields higher.
Exporters including Indonesia, Saudi Arabia and Venezuela, sold 9.4
percent, or $10.1 billion, of their U.S. government debt securities in
the three months ended in November, according to Treasury Department
data. Members of the Organization of Petroleum Exporting Countries
last sold Treasuries for three straight months in June 2003.
Oil producers have surpassed Asian central banks as the largest pool
of global savings, accumulating an estimated $500 billion in 2006
alone, according to research by Pacific Investment Management Co. The
sales during those three months mark a reversal because OPEC countries
have boosted their holdings of U.S. government bonds by 70 percent to
$97 billion in the past 17 months, Treasury data show.
``There will be a significant sell-off,'' Joseph Stiglitz, a Nobel
laureate and economics professor at Columbia University in New York,
said in an interview. ``Medium-term and long-term yields will go up.''
Oil producers, including non-OPEC countries, have disclosed almost
$200 billion of U.S. government, corporate and agency bonds, said
Ramin Toloui, who helps manage about $641 billion for Newport Beach,
California-based Pimco, a unit of Munich-based Allianz SE. The
holdings are split about evenly between securities due in less than a
year and those with longer maturities.
Higher Yields
Treasury 10-year note yields fell one basis point to 4.77 percent as
of 9:05 a.m. in New York. The price of the 4 5/8 percent note due in
November 2016 rose 3/32 to 98 29/32. Yields on two-year notes fell 1
basis point to 4.91 percent. Bond prices move inversely to yields.
OPEC members were selling Treasuries as crude prices declined 34
percent from a record high of $78.40 a barrel in July. They are
reducing demand for U.S. government bonds at the same time as central
banks from China to Romania say they want to cut holdings of
dollar-denominated assets.
For every $10 drop in the price of a barrel of oil, OPEC members
adjust Treasury holdings by about $34 billion, according to estimates
by Michael Pond, an interest-rate strategist in New York at Barclays
Capital Inc.
Yields on the benchmark 10-year note have climbed 35 basis points
from a 10-month low in December as economic data on housing and
employment suggested the Federal Reserve would not cut its target rate
for overnight loans between banks from 5.25 percent before June.
Investing `Petrodollars'
Short-term yields have remained above those on longer-term securities
since mid-August. That situation, known as an inverted yield curve,
has occurred only 11 percent of the time in the past two decades,
according to Bloomberg data. Traders watch that difference because
four of the past five recessions have been preceded by inverted yield
curves.
``The pickup in oil revenues and the recycling of the petrodollars''
was one reason for 10-year yields falling as low as 4.33 percent last
year, said George Goncalves, a fixed-income strategist in New York at
Bank of America Corp.
`Money to Invest'
OPEC export revenue will decline by about $42 billion by the second
quarter, from a peak of $126 billion in the third quarter of 2006 as
oil prices tumble, according to estimates from commodity analysts at
Charlotte, North Carolina-based Bank of America. Crude for February
delivery fell $1 last week to $51.99 a barrel on the New York
Mercantile Exchange.
``Lower oil prices mean less inflation pressure, but that doesn't
seem to be going on,'' said Stiglitz of Columbia. ``The dollar has
been subjected to a great amount of exchange-rate volatility, and it's
not a good store of value anymore.''
OPEC countries increased holdings of U.S. government bonds by 115
percent from 2002 to 2006 when the price per barrel rose almost
tripled, according to Treasury data.
They still hold more Treasuries than in 2005, when oil prices jumped
41 percent.
``Oil prices are still high compared to the long-run average, and
that leaves the oil-producing countries with money to invest in U.S.
Treasuries,'' said Torsten Slok, an economist at Deutsche Bank AG in
New York.
Deutsche Bank estimates Middle East countries will stop investing in
U.S. securities should oil decline to $30 a barrel. Oil averaged
$33.28 a barrel for the 10 years ended in 2006.
Foreign Reserves
The oil exporters in the Middle East, Asia, Africa and South America
bought a monthly average of $2.5 billion of U.S. fixed- income
securities in the 12 months ended in May 2005, when crude oil averaged
about $42 a barrel, Goncalves said. Purchases jumped to $7.3 billion a
month from June 2005 through August 2006, when oil averaged about $60
a barrel, he said.
``When you bring the oil price down, that's going to take a lot of
excess money off the table,'' said Andrew Brenner, head of global
fixed income for New York-based Hapoalim Securities USA, which has $70
billion under management.
Only Japan, China and the U.K. own more Treasuries than the 12-OPEC
nations, according to Treasury data released last week. The OPEC data
doesn't include securities owned by Russia and Norway, which account
for 40 percent of oil producer reserves, according to Toloui at Pimco.
Central bankers in oil producers Venezuela, Indonesia and the United
Arab Emirates have said they will invest less of their reserves in
dollar assets.
China, the second-largest holder of U.S. debt, also is cutting back
holdings. The central bank, which owned $346.5 billion of Treasuries
as of November, trimmed purchases by 1.7 percent in the first 10
months of 2006, Treasury figures show.
``The Chinese are slowing down their buying, so that leaves a big
hole after the oil money,'' said Brenner at Hapoalim Securities.
To contact the reporter on this story: Bo Nielsen in New York at
Bnie...@bloomberg.net ; Daniel Kruger in New York at
dkru...@bloomberg.net .
Last Updated: January 22, 2007 09:09 EST
========================================================================================================================
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