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Monday, July 30, 2012
Batman Massacre: WHY and HOW and WHO
HILLARY'S CHIEF WORKED WITH AL-QAIDA FRONT MAN
WND EXCLUSIVE
HILLARY'S CHIEF WORKED WITH AL-QAIDA FRONT MAN
Huma Abedin at center of Capitol Hill storm over Muslim Brotherhood

Hillary Clinton’s chief-of-staff, Huma Abedin, worked on the editorial board of a Saudi-financed Islamic think tank alongside a Muslim extremist accused of financing al-Qaida fronts.
The extremist, Abdullah Omar Naseef, is deeply connected to the Abedin family.
Naseef is secretary-general of the Muslim World League, an Islamic charity known to have spawned terrorist groups, including one declared by the U.S. government to be an official al-Qaida front.
Democrat and Republican lawmakers have rallied to Huma Abedin’s defense since five GOP Congress members, led by Rep. Michele Bachmann of Minnesota, sent letters last month to the inspector generals at the departments of Homeland Security, Justice and Stateasking that they investigate Muslim Brotherhood influence on U.S. government officials.
The lawmakers noted Huma Abedin “has three family members – her late father, mother and her brother – connected to Muslim Brotherhood operatives and/or organizations. Her position affords her routine access to the secretary and to policymaking.”
Last week, Republican Speaker of the House John Boehner, who admitted he hadn’t read the letters, defended Abedin, and Sen. John McCain, R-Ariz., called the accusations “sinister” and “nothing less than an unwarranted and unfounded attack on an honorable woman, a dedicated American and a loyal public servant.”
WND was first to report Huma’s mother, Saleha Abedin, was the official representative of Naseef’s terror-stained Muslim World League in the 1990s.
Also, Huma’s father, Professor Syed Abedin, was the founder of the Institute for Minority Affairs, a Saudi group that reportedly had the quiet, but active, support of Naseef.
Saleha is currently the editor of the Journal of Muslim Minority Affairs, the publication of Syed’s Institute.
The institute bills itself as “the only scholarly institution dedicated to the systematic study of Muslim communities in non-Muslim societies around the world.”
Now it has emerged that Huma served on the Journal of Muslim Minority Affairs’s editorial board from 2002 to 2008.
Huma Abedin
Documents obtained by author Walid Shoebat reveal that Naseef served on the board with Huma from at least December 2002 to December 2003.
Naseef’s sudden departure from the board in December 2003 coincides with the time at which various charities led by Naseef’s Muslim World League were declared illegal terrorism fronts worldwide, including by the U.S. and U.N.
The MWL, founded in Mecca in 1962, bills itself as one of the largest Islamic non-governmental organizations.
But according to U.S. government documents and testimony from the charity’s own officials, it is heavily financed by the Saudi government.
The MWL has been accused of terrorist ties, as have its various offshoots, including the International Islamic Relief Organization, or IIRO, and Al Haramain, which was declared by the U.S. and U.N. as a terror financing front.
Indeed, the Treasury Department, in a September 2004 press release, alleged Al Haramain had “direct links” with Osama bin Laden. The group is now banned worldwide by United Nations Security Council Committee 1267.
There long have been accusations that the IIRO and MWL also repeatedly funded al-Qaida.
In 1993, bin Laden reportedly told an associate that the MWL was one of his three most important charity fronts.
An Anti-Defamation League profile of the MWL accuses the group of promulgating a “fundamentalist interpretation of Islam around the world through a large network of charities and affiliated organizations.”
“Its ideological backbone is based on an extremist interpretation of Islam,” the profile states, “and several of its affiliated groups and individuals have been linked to terror-related activity.”
In 2003, U.S. News and World Report documented that accompanying the MWL’s donations, invariably, are “a blizzard of Wahhabist literature.”
“Critics argue that Wahhabism’s more extreme preachings – mistrust of infidels, branding of rival sects as apostates and emphasis on violent jihad –laid the groundwork for terrorist groups around the world,” the report continued.
An Egyptian-American cab driver, Ihab Mohamed Ali Nawawi, was arrested in Florida in 1990 on accusations he was an al-Qaida sleeper agent and a former personal pilot to bin Laden. At the time he was accused of serving bin Laden, he also reportedly worked for the Pakistani branch of the MWL.
The MWL in 1988 founded the Al Haramain Islamic Foundation, developing chapters in about 50 countries, including for a time in Oregon until it was designated a terrorist organization.
In the early 1990s, evidence began to grow that the foundation was funding Islamist militants in Somalia and Bosnia, and a 1996 CIA report detailed its Bosnian militant ties.
The U.S. Treasury designated Al Haramain’s offices in Kenya and Tanzania as sponsors of terrorism for their role in planning and funding the 1998 bombings of two American embassies in East Africa. The Comoros Islands office was also designated because it “was used as a staging area and exfiltration route for the perpetrators of the 1998 bombings.”
The New York Times reported in 2003 that Al Haramain had provided funds to the Indonesian terrorist group Jemaah Islamiyah, which was responsible for the 2002 Bali bombings that killed 202 people. The Indonesia office was later designated a terrorist entity by the Treasury.
In February 2004, the U.S. Treasury Department froze all Al Haramain’s financial assets pending an investigation, leading the Saudi government to disband the charity and fold it into another group, the Saudi National Commission for Relief and Charity Work Abroad.
In September 2004, the U.S. designated Al-Haramain a terrorist organization.
In June 2008, the Treasury Department applied the terrorist designation to the entire Al-Haramain organization worldwide
Bin Laden’s brother-in-law
In August 2006, the Treasury Department also designated the Philippine and Indonesian branch offices of the MWL-founded IIRO as terrorist entities “for facilitating fundraising for al-Qaida and affiliated terrorist groups.”
The Treasury Department added: “Abd Al Hamid Sulaiman Al-Mujil, a high-ranking IIRO official [executive director of its Eastern Province Branch] in Saudi Arabia, has used his position to bankroll the al-Qaida network in Southeast Asia. Al-Mujil has a long record of supporting Islamic militant groups, and he has maintained a cell of regular financial donors in the Middle East who support extremist causes.”
In the 1980s, Mohammed Jamal Khalifa, Osama bin Laden’s brother-in-law, ran the Philippines offices of the IIRO. Khalifa has been linked to Manila-based plots to target the pope and U.S. airlines.
The IIRO has also been accused of funding Hamas, Algerian radicals, Afghanistan militant bases and the Egyptian terror group Al-Gamaa al-Islamiyya.
The New York Post reported the families of the 9/11 victims filed a lawsuit against IIRO and other Muslim organizations for having “played key roles in laundering of funds to the terrorists in the 1998 African embassy bombings” and for having been involved in the “financing and ‘aiding and abetting’ of terrorists in the 1993 World Trade Center bombing.”
‘Saudi government front’
In a court case in Canada, Arafat El-Asahi, the Canadian director of both the IIRO and the MWL, admitted the charities are near entities of the Saudi government.
Stated El-Asahi: “The Muslim World League, which is the mother of IIRO, is a fully government-funded organization. In other words, I work for the government of Saudi Arabia. I am an employee of that government.
“Second, the IIRO is the relief branch of that organization, which means that we are controlled in all our activities and plans by the government of Saudi Arabia. Keep that in mind, please,” he said.
Despite its offshoots being implicated in terror financing, the U.S. government never designated the MWL itself as a terror-financing charity. Many have speculated the U.S. has been trying to not embarrass the Saudi government.
Huma’s mother represented Muslim World League
Saleha Abedin has been quoted in numerous press accounts as both representing the MWL and serving as a delegate for the charity.
In 1995, for example, the Washington Times reported on a United Nations-arranged women’s conference in Beijing that called on governments throughout the world to give women statistical equality with men in the workplace.
The report quoted Saleha Abedin, who attended the conference as a delegate, as “also representing the Muslim World League based in Saudi Arabia and the Muslim NGO Caucus.”
The U.N.’s website references a report in the run-up to the Beijing conference that also lists Abedin as representing the MWL at the event.
The website posted an article from the now defunct United States Information Agency quoting Abedin and reporting she attended the Beijing conference as “a delegate of the Muslim World League and member of the Muslim Women’s NGO caucus.”
In the article, Abedin was listed under a shorter name, “Dr. Saleha Mahmoud, director of the Institute of Muslim Minority Affairs.”
WND has confirmed the individual listed is Huma Abedin’s mother. The reports misspelled part of Abedin’s name. Her full professional name is at times listed as Saleha Mahmood Abedin S.
Tied to Egypt’s new Muslim Brotherhood president
Last month, Shoebat reported that while she acted as one of 63 leaders of the Muslim Sisterhood, the de facto female version of the Muslim Brotherhood, Saleha Abedin served alongside Najla Ali Mahmoud, the wife of Mohammed Mursi, Egypt’s new president.
Clinton met with Mursi earlier this month.
Saleha Abedin and Mursi’s wife both were members of the Sisterhood’s Guidance Bureau, Shoebat found.
Hillary praise
Saleha Mahmood Abedin is an associate professor of sociology at Dar Al-Hekma College in Jeddah, Saudi Arabia, which she helped to create. She formerly directed the Institute of Muslim Minority Affairs in the U.K. and served as a delegate for the Muslim World League, an Islamic fundamentalist group Osama bin Laden reportedly told an associate was one of his most important charity fronts.
In February 2010, Clinton spoke at Abedin’s college, where she was first introduced by Abedin and then praised the work of the terror-tied professor:
“I have to say a special word about Dr. Saleha Abedin,” Clinton said. “You heard her present the very exciting partnerships that have been pioneered between colleges and universities in the United States and this college. And it is pioneering work to create these kinds of relationships.
“But I have to confess something that Dr. Abedin did not,” Clinton continued, “and that is that I have almost a familial bond with this college. Dr. Abedin’s daughter, one of her three daughters, is my deputy chief of staff, Huma Abedin, who started to work for me when she was a student at George Washington University in Washington, D.C.”
With additional research by Brenda J. Elliott
(hmm) Iraqi dinar - recently being said
The Rumor Mill News Reading Room
(hmm) Iraqi dinar - recently being said
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Reset Meeting? Interesting Blaino Intel
07/29/2012
[rustyc] 9:16 pm Blaino: standby for news:::::::::::::::::::::::::just in with a scoop and a half!!! our team has been following this for 2 DAYS.... only here! 9:17 pm Blaino: five minutes... I'll take no CALLS.... 9:18 pm leverage: is this online only....
[Precious] Blaino: OK.... One of our intel team stumbled into THIS...
[Precious] Blaino: most amazing lil bit of stuff we have found lately... AND....
[Precious] Blaino: right here in the good ole USA.... World home of the planets reserve currency... The good ole greenback!
[Precious] Blaino: so, here 's how it all went DOWN....
[Precious] Blaino: the SCENE.... A historic PLACE.... A hotel with a strong connection to some world wide financial matters from decades AGO.... That have affected global industries, nation building and the balance of power in the 1st world NATIONS
[Precious] Blaino: OK.... One of our intel team stumbled into THIS...
[Precious] Blaino: most amazing lil bit of stuff we have found lately... AND....
[Precious] Blaino: right here in the good ole USA.... World home of the planets reserve currency... The good ole greenback!
[Precious] Blaino: so, here 's how it all went DOWN....
[Precious] Blaino: the SCENE.... A historic PLACE.... A hotel with a strong connection to some world wide financial matters from decades AGO.... That have affected global industries, nation building and the balance of power in the 1st world NATIONS
Precious] Blaino: our intrepid intel guy gets a whiff of something .... Irregular.... Something a lil "off" and see's a connection... We confirm and verify numerous FACTS.... Then come to "startling" conclusions..... Then began the researching, the fact checking and all manner of calls, queries and MORE.....
[Precious] Blaino: are you getting EXCITED.... We are!
[Precious] Blaino: 2 days and we couldn't spill the DETAILS.... Still cannot, but i'll trust you with the facts that will make you see much of what we KNOW..... There is a secret MEETING.....
[Precious] Blaino: all the "currency" types from everywhere appear to be in HOUSE....
[Precious] Blaino: security and police are e v e r y w h e r e on the property of this PLACE..... Appears to be 3 letter inner ring of security.... Locals on the outer RING.... No one goes in or OUT....
Precious] Blaino: suits and sunglasses are the order of the DAY.... (photos COMING!)..... NOW... Let's explore the facts we KNOW....
[Precious] Blaino: where is lil timmy g? He is supposed to be meeting with the GERMANS.... But where? And about what? "global FINANCE"..... Hummmm....pretty broad brush THERE....
[Precious]Blaino: and what about bernacke? Where oh, where is he?
[Precious] Blaino: both of these and many others have their schedules blocked out with meetings re: "global economic and finance ISSUES".... And for the same DAYS.... Thru wednesday.... (yeah, that is the first of august... And, YEAH... That's important.... See why coming up!)
[Precious] Blaino: now, let's go back to our "resort-hotel" arena for a MOMENT.....
[Precious] Blaino: our "guy" was told "no room at the inn!" when he tried to rent a room last NIGHT.... Told they have 3500+ 'guests'....
[Precious] Blaino: NOTHING...... N o t h i n g on the web site as far as any scheduled meetings.... Scheduled events... Yet "full UP!".... So, we ask .....NOTHING...... N o t h i n g on the web site as far as any scheduled meetings.... Scheduled events... Yet "full UP!".... So, we ask ..... "what's going ON?".... "sorry sir, we are not allowed to discuss that with YOU"... Yeah, this was hotel staff!
[Precious] Blaino: the plot thickens.... Our people were asked to remove themselves from the property... And, TODAY.... you cannot even turn in off the street....into the driveway.... Security stops all comers.
[Precious] Blaino: AND.... Most AMAZING.... Now when you call the PLACE.... security answers the main PHONES.... And these are professional "buffers".... They can talk to you for twenty minutes and still not have told you a n y t h i n g!!! Like the time, the date, ETC....AND forget about any hard questions.... This from an historic location, a public hotel and ..... What do you make of this? More follows
[Precious] Blaino: staffers have not been seen coming and going EITHER.... Things that make you go "hummmmm"...the word "lock down" coming to any minds near to you? Blaino: hummm???
[Precious] Blaino: this is in the northeastern part of the COUNTRY.... I'll not reveal the exact location yet as we need to let this play OUT.... But there is interconnecting STUFF.... Lets discuss "reno" for a minute
[Precious] Blaino: i have some stuff from THERE... Cannot say a LOT... BUT!... There was some depositing made by a few "lucky", "special", __________ (add your own WORD...) last WEEK... Names and relationships are not important at this TIME... But here is what 'is' important.... no rate was disclosed... But access was promised BY..... WEDNESDAY..... (yeah, that 'is' the first of AUGUST.... Seeing a pattern here? Blaino: i did!
[Precious] Blaino: WE DID! Blaino: NOW.....that was 4 ways confirmed by contacts that i consider trustworthy and RELIABLE..... . (not madam wu, 12 congressmen, the pope, former presidents... ETC.... Just as a clarification)
Precious] Blaino: the managing director.... Cheif executive.... Or mfic (main fella in charge) of a significant credit/financial firm's european section/division/area/etc..... Has shared that "it is wrapping up NOW.... Be ready" which was a message to his/her/their own family... Not to me!
[Precious] Blaino: and the DATE?..... By wednesday.... (yeah, that 'still' is the first of august!) Blaino: is it just me???? or do you see something here? Blaino: ok, back to the research TEAM..... in an effort to exhaust every ANGLE.... They hit on .... city public access video CAMERAS.... Like for traffic, weather ETC.....
Precious] Blaino: one showed a nearby popular panorama VIEW.... The others were all turned on and working TOO.... HOWEVER.... . their pictures were ...."ALL"... (as in every one of THEM)..... Blurred out and unrecognizable! Blaino: probably just "coincidence"...... and the public schedule for this place is dead till the 6th of AUGUST.... When everything will be "normal" AGAIN..... Here's what i think we have FOUND....
Precious] Blaino: there has been much speculation on a new "asset backed currency" and a global RESET... (think "euro" last few days) and this may be the meeting where it all gets "done"... This is why i will not spell out the details any MORE... Thousands would be too stupid to resist trying to penetrate security or calling the place 24/7 and could cause a security concern to force another delay, a move to another location, ETC....
Precious] Blaino: as this develops, we'll tell you what you need to actually KNOW... But there is enough here that after the 1st or so, when i feel it's safe to say MORE... You'll all know that this was "IT".... Mebby. I could be wrong, been there before... BUT.... This is too much, too tight and too secure to be anything less than "world class" at "t h i s" particular location!
[Precious] Blaino: if it were somewhere ELSE.... MEBBY.... But, trust ME... This is way too much of an interlocking deal for it to be chance!
[Precious] Blaino: ctad there is more coming on the verification.... AND.... Blaino: we "MAY".... "may" have someone inside tomorrow! what may be happening here could play out on the worlds stage over the next 40, 50, 75 YEARS.... and if it's what i think it IS... Could affect the financial basis for all the global currencies going forward...
[Precious] Blaino: Kevdriver let us SEE.... There will be power PLAYS...WAIT... As i write that, it occurs to me that the power plays must be OVER... If indeed this is a meeting to document and sign new agreements into BEING...
[Precious] Blaino: are you getting EXCITED.... We are!
[Precious] Blaino: 2 days and we couldn't spill the DETAILS.... Still cannot, but i'll trust you with the facts that will make you see much of what we KNOW..... There is a secret MEETING.....
[Precious] Blaino: all the "currency" types from everywhere appear to be in HOUSE....
[Precious] Blaino: security and police are e v e r y w h e r e on the property of this PLACE..... Appears to be 3 letter inner ring of security.... Locals on the outer RING.... No one goes in or OUT....
Precious] Blaino: suits and sunglasses are the order of the DAY.... (photos COMING!)..... NOW... Let's explore the facts we KNOW....
[Precious] Blaino: where is lil timmy g? He is supposed to be meeting with the GERMANS.... But where? And about what? "global FINANCE"..... Hummmm....pretty broad brush THERE....
[Precious]Blaino: and what about bernacke? Where oh, where is he?
[Precious] Blaino: both of these and many others have their schedules blocked out with meetings re: "global economic and finance ISSUES".... And for the same DAYS.... Thru wednesday.... (yeah, that is the first of august... And, YEAH... That's important.... See why coming up!)
[Precious] Blaino: now, let's go back to our "resort-hotel" arena for a MOMENT.....
[Precious] Blaino: our "guy" was told "no room at the inn!" when he tried to rent a room last NIGHT.... Told they have 3500+ 'guests'....
[Precious] Blaino: NOTHING...... N o t h i n g on the web site as far as any scheduled meetings.... Scheduled events... Yet "full UP!".... So, we ask .....NOTHING...... N o t h i n g on the web site as far as any scheduled meetings.... Scheduled events... Yet "full UP!".... So, we ask ..... "what's going ON?".... "sorry sir, we are not allowed to discuss that with YOU"... Yeah, this was hotel staff!
[Precious] Blaino: the plot thickens.... Our people were asked to remove themselves from the property... And, TODAY.... you cannot even turn in off the street....into the driveway.... Security stops all comers.
[Precious] Blaino: AND.... Most AMAZING.... Now when you call the PLACE.... security answers the main PHONES.... And these are professional "buffers".... They can talk to you for twenty minutes and still not have told you a n y t h i n g!!! Like the time, the date, ETC....AND forget about any hard questions.... This from an historic location, a public hotel and ..... What do you make of this? More follows
[Precious] Blaino: staffers have not been seen coming and going EITHER.... Things that make you go "hummmmm"...the word "lock down" coming to any minds near to you? Blaino: hummm???
[Precious] Blaino: this is in the northeastern part of the COUNTRY.... I'll not reveal the exact location yet as we need to let this play OUT.... But there is interconnecting STUFF.... Lets discuss "reno" for a minute
[Precious] Blaino: i have some stuff from THERE... Cannot say a LOT... BUT!... There was some depositing made by a few "lucky", "special", __________ (add your own WORD...) last WEEK... Names and relationships are not important at this TIME... But here is what 'is' important.... no rate was disclosed... But access was promised BY..... WEDNESDAY..... (yeah, that 'is' the first of AUGUST.... Seeing a pattern here? Blaino: i did!
[Precious] Blaino: WE DID! Blaino: NOW.....that was 4 ways confirmed by contacts that i consider trustworthy and RELIABLE..... . (not madam wu, 12 congressmen, the pope, former presidents... ETC.... Just as a clarification)
Precious] Blaino: the managing director.... Cheif executive.... Or mfic (main fella in charge) of a significant credit/financial firm's european section/division/area/etc..... Has shared that "it is wrapping up NOW.... Be ready" which was a message to his/her/their own family... Not to me!
[Precious] Blaino: and the DATE?..... By wednesday.... (yeah, that 'still' is the first of august!) Blaino: is it just me???? or do you see something here? Blaino: ok, back to the research TEAM..... in an effort to exhaust every ANGLE.... They hit on .... city public access video CAMERAS.... Like for traffic, weather ETC.....
Precious] Blaino: one showed a nearby popular panorama VIEW.... The others were all turned on and working TOO.... HOWEVER.... . their pictures were ...."ALL"... (as in every one of THEM)..... Blurred out and unrecognizable! Blaino: probably just "coincidence"...... and the public schedule for this place is dead till the 6th of AUGUST.... When everything will be "normal" AGAIN..... Here's what i think we have FOUND....
Precious] Blaino: there has been much speculation on a new "asset backed currency" and a global RESET... (think "euro" last few days) and this may be the meeting where it all gets "done"... This is why i will not spell out the details any MORE... Thousands would be too stupid to resist trying to penetrate security or calling the place 24/7 and could cause a security concern to force another delay, a move to another location, ETC....
Precious] Blaino: as this develops, we'll tell you what you need to actually KNOW... But there is enough here that after the 1st or so, when i feel it's safe to say MORE... You'll all know that this was "IT".... Mebby. I could be wrong, been there before... BUT.... This is too much, too tight and too secure to be anything less than "world class" at "t h i s" particular location!
[Precious] Blaino: if it were somewhere ELSE.... MEBBY.... But, trust ME... This is way too much of an interlocking deal for it to be chance!
[Precious] Blaino: ctad there is more coming on the verification.... AND.... Blaino: we "MAY".... "may" have someone inside tomorrow! what may be happening here could play out on the worlds stage over the next 40, 50, 75 YEARS.... and if it's what i think it IS... Could affect the financial basis for all the global currencies going forward...
[Precious] Blaino: Kevdriver let us SEE.... There will be power PLAYS...WAIT... As i write that, it occurs to me that the power plays must be OVER... If indeed this is a meeting to document and sign new agreements into BEING...
Sunday, July 29, 2012
Coins found under Jerusalem's Western Wall hints that sacred site NOT built by Herod
The Rumor Mill News Reading Room
CGI's BillsBest: Coins found under Jerusalem's Western Wall hints that sacred site NOT built by Herod
Posted By: Susoni
Date: Sunday, 29-Jul-2012 21:56:45
Date: Sunday, 29-Jul-2012 21:56:45
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Message from the Galactic Federation of Light 7/29/12 ‘Planeta Terra’
The Rumor Mill News Reading Room
Message from the Galactic Federation of Light 7/29/12 ‘Planeta Terra’
Posted By: MESETA [Send E-Mail]
Date: Sunday, 29-Jul-2012 19:36:49
Date: Sunday, 29-Jul-2012 19:36:49
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Are Fiat Currencies Headed for a Collapse?
Are Fiat Currencies Headed for a Collapse?
By: Lisa Oake
Anchor, CNBC Asia-Pacific
Anchor, CNBC Asia-Pacific
- Twitter22LinkedIn15Share
As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement?
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Some heavy hitters say the answer is no.
A fiat currency derives its worth from the issuing government - it is not fixed in value to any objective standard. That means central banks can print as much money as they want. If an economy is struggling, injecting more notes into the system juices activity but lowers the value of the currency in question.
With major central banks all desperate to stimulate their economies, some say currencies have entered a dangerous new phase often described as a race to the bottom.
Mark Mobius, Executive Chairman of Templeton Emerging Markets Group, says investors will soon start to demand fiat currencies be backed by gold or other hard assets.
“It's already happening, you're beginning to see that trend with central banks stocking up on gold. The estimate is that at least half of the buying is central bank buying. They are looking to the day when they can say okay, our currency is backed by gold and therefore we're a strong country,” Mobius told CNBC Asia.
Mobius has $50 billion under management.
Yu-Dee Chang, Chief Advisor at ACE Investment Strategists, says repeated stimulus is shortsighted. “If you keep printing money, sooner or later, we're going to get in trouble. QE is good for the economy and for the market but the long-term effect is very much questionable,” said Chang.
But not everyone thinks fiat currencies are approaching their demise. Sean Callow, Senior Currency Strategist at Westpac Bank, says if there was going to be a melt-down, it would have happened by now.
“The bond market vigilantes have had every chance to punish the U.S. for its huge fiscal deficits. The markets are confident in these currencies - the U.S. dollar [.DXY 82.71 --- UNCH ], the pound [GBP=X 1.5725
-0.0015 (-0.1%)], and the yen [JPY=X 78.51
0.08 (+0.1%)] in particular. That's where the balance sheet expansion has occurred and yet those currencies have held up pretty well over the past couple of years,” said Callow.
As the fiat currency debate gains momentum and relevance, one London-based manager of a billion dollar fund says the answer about what lies ahead is in the past.
“Every single fiat currency in history has collapsed, this time will be no different.”
-0.0015 (-0.1%)], and the yen [JPY=X 78.51
0.08 (+0.1%)] in particular. That's where the balance sheet expansion has occurred and yet those currencies have held up pretty well over the past couple of years,” said Callow.As the fiat currency debate gains momentum and relevance, one London-based manager of a billion dollar fund says the answer about what lies ahead is in the past.
“Every single fiat currency in history has collapsed, this time will be no different.”
REFERRED BY POOFNESS
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