Opinion Editorials, November 2010

Currency Wars:

The Hongbing Song Argument

By Ali Al-Hail

Al-Jazeerah, CCUN, November 22, 2010

The fact that, money making or, rather, for that matter, 'money robbing', is a Zionist industry in the US, Britain, France, and to varying degrees, in Europe, according to Hongbing Song's book of "Currency war", which had long been well known.  It has to be said, though, Song didn't mention 'Zionists', in the course of discussing "currency War".

Instead, he used 'Jewish', or, 'Jews'. In this article, however, the concept of 'Zionists' is being used, since, there's a major distinction between 'Jewish' values, and those of Zionists, clearly, manifested in Song's book.

It's also, well known that, the very roots of establishing the IMF, the World Bank, the American Central Bank or, the "Federal Reserves", other banks and financial institutions in the US, Britain, France, and Europe as a Whole, do owe to the Zionists' influence and involvement.

As such, Song didn't come up with particularly, anything new.  However, the significance of his book, had been probably, in its timing.

The book was published amidst observably, a 'bitter grudge' between the AIPAC's long-established business families of the US, and China (albeit, looked as between two countries; US and China). The reason for that, China's rapid economic growth, the second fastest after Germany, in terms of exports.

This breakthrough, helped China possesses a trillion Dollar foreign currency reserve, the largest globally. It has made possible, amongst other factors, via the devaluation of the Yuan.

However, the source of 'bitter grudge' towards China, has not apparently, been only, garnered from merely, economic reasons. It's obviously, marred with political ones.

Had Sino-Iranian relations been as 'acrimonious' as those between Iran, and US-led-Western powers, China would've not encountered such an 'acrimony'.

China's positive attitude towards president Nejad's reelection, nearly, two years ago, had vigorously, angered the AIPAC, the real decision maker of the US, as regard to the Middle East, according to john Mearsheimer, and Stephen walt's book of " The Israeli {Zionist{ Lobby and US Foreign Policy". Similarly, china's flexible and at times, skeptical of US-led-Security Council sanctions on Iran, since 2006, up to the recent ones.

Therefore, the AIPAC began plotting against China, utilizing their excessive power over US decision making. In the same way, they have plotted against president Obama, by making possible for republicans to dominate the House of Representative.

The AIPAC has put oil and Gold prices at record high, with an aid of their allies within the OPEC, and International Gold Council. The aim, is to force China into losing its currency reserve, since China heavily, relies on   buying oil.

Thus, all these waffles and rattling about imbalances, devaluation, and so forth, are merely, covers to punish China for being a friend to Iran. As a result, Song has suggested to China to buy Gold as much as they could, to avoid losing its foreign currency reserve, amongst other measures to fight back the plot.

Professor, Dr. Ali Al-Hail, Media Consultant, Professor of Mass Communication, Twice Fulbright Award Winner, Fulbright Visiting Scholar, Vice-President Of Qatar Fulbright Group, CSR Award Judge, Psychosomatics writer, Management Trainer, and Board Member of AUSACE, ASC, IABD, NEBAA, BEA, IMDA and EAJMC American Associations.

He can be contacted on professoralialhail@qatar.net.qa

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