Date: 8/6/2005 7:00:57 AM Pacific Standard Time

It was an intersting week for money- and not just mine! <G> Seems 3 World Bank higherups died this week Duisenberg (who was the first head of the World Bank and started the Euro) Zankel (Citicorp chairman), Ingram. I was trying connect some dots and got this:

You're on the right track but you've missed a few very important clues. The Saudi/Citicorp connection. Zankel was Chairman of Citicorp. Ingram was a financial advisor to King Fahd. Citicorp was bailed out by and is controlled by Prince Alwaleed Bin Talal Alsaud - 5th wealthiest man in the world, wealthiest man in Saudi Arabia and business partner with Bill Gates in Teledesic. A major player in the coming reorganizing of the Royal Saudi family. Crown Prince Sultan is in his 70's, even if they live out thier lives naturally, he and Abdullah won't have long rules. And as we know, old people, no matter how wealthy, still have 'heart attacks'. The next generation of Princes are jostling for position as there is yet no line of succession beyond Sultan.

what is Teledesic?

"There is, as always, one technical flaw. For Teledesic to function properly, it needs to use a portion of the electromagnetic spectrum to send its signals. However, most of the parts of the spectrum that aren't going to fry us have already been used; the lower end of the spectrum is used for pagers, radio and television, the middle is visible light, and X-rays are at the high end. The only really suitable free slot on the spectrum was what's called the "Ka" band, and this is where the flaw lies - signals carried by these waves tend to get broken up by buildings, trees, and even rain.

By way of a solution, it was decided that the network would send the signals at steep angles, which would cut down on interference; the problem with this was, though, that steep angles meant you needed more satellites. Instead of rethinking their strategy, it was decided that there would be more satellites. Eight hundred and forty satellites in total, orbitting 435 miles above the Earth's surface.

This would mean that the total number of satellites needed to put the scheme in operation would be in excess of 900 - which is more than the number that currently orbit the Earth (the total number of satellites that usually go up in a year is around 75). Each satellite would cost $6 million; the entire scheme in total would cost somewhere in the region of nine billion dollars.

But even though the scheme is going to severely clutter our space, possibly to the extent of hindering the work of astronomers......"

Think this has anything to do with with these deaths?
Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse

The Yuan Grows Up
Untethered from the dollar, it could become a major world currency

Call it one small step for China, one very big step for the world. While it's always hard to see the long-term consequences from a single event, financial historians may mark July 31 as the real start of China's development as a global monetary power. That was the day China offered up a modest revaluation of its currency, the yuan, and said it would begin to adjust the money's value based on a basket of currencies, ending the fixed peg that had been in place since 1994.

and last but not least- let's have 'One World Currency' shall we?


An interview with Steve Hanke in the November 16, 1998 issue of Forbes asks: "Who needs all those silly little currencies?" The article noted that as much as 70% of all U.S. currency and 40% of German marks are being held abroad by foreigners who don't trust their own money.